TT Blackbox Twitter Alert for $WYNN

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What was the WYNN Bearish Swing Trade?

$WYNN Bearish trade – Looking for it to break below $98 for entry. Stop $98.50. Target price $95.50

Watch Jonny Red’s Breakdown of the Trade Right Here:

Jonny Red on Clapper Discussing the WYNN Trade

Who is WYNN?

Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO.

The company operates four megaresorts: Wynn Macau and Encore in Macau and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macau, Encore Boston Harbor in Massachusetts opened in June 2019, and various Vegas projects are currently under development.

Additionally, the company expects to begin construction on a new building next to its existing Macau Palace resort in late 2021, which we forecast to open in 2025. The company gets 76% and 24% of its EBITDA from Macau and Las Vegas, respectively.

You can see the following on the chart below:

  1. The yellow line shows the target entry price.
  2. The second yellow line represents where you could have closed out your trade today.
  3. The red line represents the target exit for the trade.  You could have this set as a swing trade.

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For all of you wanting to know how I decide to enter and exit my trades, I have listed those key points below:

  • I have created a watchlist of the tickers I like to trade the most. Download my watchlist right “HERE”
  • I review that watchlist against the alerts from the TT Blackbox each 5-minute interval.
  • I focus on the $VIX. This measures volatility in the market. If volatility is moving up, the market is moving down, and vise versa. This simply means I start here and does not mean I will not trade against the market.  However, I do not recommend that for the novice trader.
  • Once I know the direction of the market, I start to focus on the tickers moving in that direction.
  • Once these tickers alert on the TT Blackbox, I typically wait till the closure of the next 5-minute candle and I enter.
  • I then immediately set a limit sell order for 5%.  Keep in mind I am trading shares in the price range of $30-$400 tickers so 5% is big money.
  • I exit my trades based on two points.  One, being the TT Blackbox stops alerting or alerts in the opposite direction, and two being my 5% target has been met.

Here is a screenshot of the tickers I watch daily:

This list is a starting point for those that, might think I only look at these…

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