07 Aug Trades for Monday, Aug. 7, 2017: + $354 Profits
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9:33 – SHORT BBY 400 60.75, STOPPED 60.91, out - .16 = - $64
9:37 – BUY 400 GEMP 9.55, SOLD 9.84, out + .29 = + $126
9:54 – BUY 600 GEMP 8.71avg, SOLD 9, out + .29 = + $174
10:20 – SHORT 800 BBY 61.19avg, COVERED 700 at 61.05, out + .14, COVERED 100 at 60.98, out + .21 = + $118
Total Intra-day P/L: + $354 Profits
SPY chopped flat as usual. BBY tends to grind in the first 15-mins almost daily. We tested a small share SHORT at 60.74 fib and promptly stopped out at 60.91 when the perfect storm made it clear algos were going to run this one. We hit BBY SHORTS on the 5-min msh trigger for a nice 5/1-min dual mini inverse pup slips from 61.20 to 60.98 for a high probability and LIQUID scalp. We hit GEMP LONGS twice for nice scalps into the liquidity coils off the key stinky 5s levels 9.50s and the 8.65 gap supports. Closed out morning with + $354 Profits.