Trades for Monday, Aug. 21, 2017: + $1,415 Profits

21 Aug Trades for Monday, Aug. 21, 2017: + $1,415 Profits

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9:45 – SHORT 8000 WUBA 57.92avg, COVERED 5000 at 57.73, out + .19, COVERED 500 at 57.87, out + .05, COVERED 300 at 57.70, out + .22, COVERED 2200 at 57.75, out + .17         =          + $1,415

10:12 – SHORT 1000 BBY 59.96avg, COVERED 1000 at 59.86, out + .10      =          + $100

10:36 – BUY 1000 MU 29.43avg, STOPPED 29.36avg, out - .07        =          - $70

10:45 – BUY 3000 MU 29.42avg, SOLD 29.49, out + .07        =          + $70

Total   P/L:      + $1,415 Profits

WUBA08212017-labelled

Summary

SPY sold off initially on a perfect storm breakdown towards the daily lower bbs before a coil attempts by late morning. We scaled into WUBA SHORT on heavy shares as it peaked off the 58.80s fib to scale out the reversions to 57.70s-57.60s. TGT strench lifted the retailers prompting us to scalp the BBY SHORT despite the bearish daily mini inverse pup signal. Closed out the morning with + $1,415 Profits.