It looked like we got our ideal trending day, but we couldn't quite get follow-through on our long positions. A bunch of short-side trades triggered off of inflection points, but most of them were duds.

The trades in THC illustrate two important points. First, randomness plays a big role in trading. We were stopped out at the day's high on the first entry, but we would luck into a second setup. That second setup would go for a big gain. There's simply no way to foresee any of that. Second, our gains will never will be evenly distributed. You need the big trades to maintain consistent profitability in trading. Control your risk and losses, and eventually a big gainer will turn up.

GROR LONG 63.59 64.06 $0.47
MCO LONG 65.23 65.36 $0.13 Trail hit.
TV LONG 27.34 27.41 $0.07 Trail hit.
WWWW LONG 30.06 30.13 $0.07 Exit end of day.
BBBY SHORT 72.66 72.78 $(0.12)
CRZO SHORT 33.76 33.98 $(0.22)
JEC SHORT 58.49 58.49 $-
M SHORT 45.37 45.38 $(0.01) Exit end of day.
MON SHORT 101.31 101.31 $-
THC SHORT 39.64 39.89 $(0.25)
THC SHORT 39.62 38.36 $1.26 Trail hit.

Total of $1.40 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,400 gross earnings for the day. $2.94 per share for the month. 1000 share per trade would be $2,940 gross earnings 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

AN AutoNation Inc
BRFS BRF SA

Bearish Short-Side Setups

CVI CVR Energy Inc
CYH Community Health Sys

Dave Mecklenburg is Publisher of TigerSharkTrading.com.