Trades for Monday, Oct. 2, 2017: + $2,590 Profits

02 Oct Trades for Monday, Oct. 2, 2017: + $2,590 Profits

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10:19 – SHORT 22k MU at 39.92avg, COVERED 16k at 39.82, out + .10, COVERED 5k at 39.76, out + .16, COVERED 1k at 39.73avg, out + .19               =          + $2,590

Total   P/L:      + $2,590 Profits




SPY grinded this morning towards the major resistance and price reversal zone at 251.94-252.14 including the 20-cent overshoots. We scaled into MU SHORTS from 39.40s up to 40.30s as the key 1.618 overshoots at 40.20 to bring avg. to 39.92 on heavy size. The reversion kicked in on a perfect storm breakdown with the 60-min mini inverse pup ANCHOR. This is the deep riptide not visible on the surface, which assured a 90% probability to hitting that 60-min 5pd ma at 39.67. We worked the reversions to scale out the size into liquidity at 39.82 and 39.73avg.  Closed out the morning out with  + $2,590 Profits