WYNN Trade on Oct 5, 2015 10:35 from ToqueX: Tradervue User Stock Trades.

Grade=F

The setup: bear flag

The result: Horrible idea of a bear flag. Horrible trade. But what was I thinking at the time? Probably that it "looked" like a bear flag and was flag on the bottom. It had also broken through 61. The probability wasn't good though because it was already pretty extended to the downside and it would take a huge market move to the downside to make this work. Was the market setting up for such a move? No. The move was over and that should have been obvious to me. This is painful to look at, but it's great to know that I'm doing what needs to be done right here in terms of the analysis. (Li'l positive spin)

Furthermore, I added to the losing position because the "bear flag" was still intact and I really wanted it to work. I was trying too hard and not actually thinking from any objective distance.