Trades for Monday, May 1, 2017: + $775 Profits

01 May Trades for Monday, May 1, 2017: + $775 Profits

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9:34 – BUY 2500 ITCI 8.23avg, SOLD 2000 at 8.50, out + .27, SOLD 500 at 8.60, out + .37  =          + $775

Total Daily P/L:          + $775 Profits



SPY gapped and chopped this morning. We have a gift trade this morning on the ITCI gap down as it opened under the $9.05 cash per share value. We scaled into ITCI LONG at 8.23avg to use the spikes to scale out at 8.50 and 8.60 into the 8.63 fib overshoots as it climbed to 8.95 just shy of the cps. Closed out the morning with + $775 Profits in under 10 minutes.