22 May Trades for Monday, May 21, 2017: + $333 Profits
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9:35 – BUY 200 RDUS 38.85LIMIT, STOPPED 38.55, out - .30 = - $60
9:41 – SHORT 400 NVDA 139.10, COVERED 300 at 138.72, out + .38, COVERED 100 at 138.56, out + .54 = + $130
9:47 – SHORT 800 RDUS 38.70, COVERED 600 at 38.27, out + .43, COVERED 100 at 38.45, out + .35, COVERED 100 at 38.26LIMIT, out + .44 = + $337
5/18 - SWING 400 SHORT @ 12.04avg, 5/21/2017- STOPPED 200 at 12.20, out- .16, STOPPED 200 at 12.25, out - .21 = - $74
Total Intra-day P/L: + $333 Profits
SPY had a strong grind this morning . We tested out an RDUS LONG on light shares and got faked out. However, it did hit the 39.10-39.29 fib as anticpated BUT couldn’t hold the pop thereby TRAPPING the longs on the 15-min pup attempt which turned into a mini inverse pup which was the NAIL in the coffin. We scaled into RDUS SHORT at 38.70avg for the collapse on the perfect storm to scale out leans at 38.27, 38.45 and 38.25LIMIT, out + .43, + .35 and + .44. We hit NVDA SHORT at 139.10avg for a reversion back under the gatekeeper fib to scalp out the leans towards 138.48 fibs. GNC got a cap on sympathy to NUTR acquisition. This may have changed the sentiment on the sector so we stopped out the remaining small shares on VSI swing short just ahead of resistsance. Closed out the morning with + $333 Total Profits.