Trades for Fri, Aug 19, 2016: + $880 Profits

19 Aug Trades for Fri, Aug 19, 2016: + $880 Profits

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9:33 – SHORT 500 GPS 26.09, COVERED 25.94, out + .15     =          + $75

9:36 – SHORT 400 RH 33.95, COVERED 300 at 33.72, out + .23, COVERED 100 at 33.88, out + .08            =            + $77

9:50 – SHORT 500 RH 33.68avg, COVERED 500 at 33.63, out + .04  =          + $20

9:51 – SHORT 300 CXW 19, STOPPED 19.24, out - .24           =          - $72

9:56 – SHORT 1800 RH 33.65avg, COVERED 1300 at 33.41, out + .24, COVERED 500 at 33.71, out - .06   =            + $277

10:01 – SHORT 2500 CXW 18.94avg, COVERED 2000 at 18.84, out + .10, STOPPED 500 at 19.01, out - .07            =          + $165

10:10 – SHORT 600 FL 67.13avg, COVERED 67.07, out + .06 =          + $36

10:26 – SHORT 500 RH 33.43, COVERED 400 at 33.13, out + .30, COVERED 100 at 33.05, out + .38          =            + $158

10:37 – SHORT 300 FL 67.66, COVERED 67.42, out + .24      =          + $72

Total Daily P/L:          + $808 Profits

 RH08192016finale

Summary

SPY was very tight as it coiled again off lows through 218 fib to 218.45 fib. We hit various reversions scalps on GPS and FL. We scaled into multiple shorts on RH as it went into a perfect storm breakdown. CXW was choppy as well missed the opportunity to scalp the shorts at 18.50 fib overshoot while covering profits on RH shorts as algos ramped it back up. Closed out the morning with + $808 profits.