It was a generally bad day of trading. We got caught in some long-side entries while the market and stocks sold off. As always, managing risk first will help long-term profitability. The losses from the bad trades were contained, and we survive to trade another day.

DLPH LONG 55.97 56.06 $0.09 Trail hit.
DLPH LONG 55.92 55.76 $(0.16)
RCL LONG 39.63 39.44 $(0.19)
RHT LONG 53.13 53.12 $(0.01)Exit end of day.
TXT LONG 28.52 28.4 $(0.12)
CYH SHORT 43.18 43.18 $-
CYH SHORT 43.22 43.03 $0.19
FSLR SHORT 39.37 39.69 $(0.32)
VTR SHORT 62.91 62.73 $0.18 Exit end of day.

Total of ($0.34) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$340 gross earnings for the day. $7.09 per share for the month. 1000 share per trade would be $7,090 gross earning for the month.

Wide-range bar setups for the next trading day. The day trade setup is only good for the upcoming trading session.

Entries, targets, and stops are based on the day's likely inflection points, and natural support and resistance. Avoid trade until bid/ask spread narrows.

Partial or unedited list of setups. Complete or edited list goes out by email. Subscribe to the distribution list here.

Bullish Long-Side Setups

BID Sotheby's
ENDP Endo Health Sloutions Inc

Bearish Short-Side Setups

ACN Accenture PLC (Ireland) NEW
APA Apache Corp

Dave Mecklenburg is Publisher of TigerSharkTrading.com.