06 Jul Trades for Thursday, July 6, 2017: + $187 Profits
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9:39 – SHORT 400 LB 49.10, COVERED 49.60, out + .50 = + $200
9:47 – SHORT 200 BGNE 63.54avg, COVERED 100 at 63.67, out - .15, COVERED 100 at 63.52, out + .02 = - $13
Total Intra-day P/L: + $187 Profits
SPY formed a perfect storm breakdown off the open. We hit LB SHORT at 49.10 on the 49.12fib breakdown perfect storm for a steady lean to scalp out 48.60, out + .50. BGNE formed a perfect storm breakout, we sprawled with precision short adds to avg 63.54 to use reversions to stop out in the 63.50s-63.60s before it proceeded to squeeze to mid 68s! Very important milestone trade that emphasizes the importance of using the windows of opportunity those reversions provides. Closed out the morning with + $187 Profits