07 Sep Trades for Thursday, Sept. 7, 2017: + $1,374 Profits
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9:34 – SHORT 200 RACE 110.60, STOPPED 110.85, out - .25 = - $50
9:42 – SHORT 1100 RACE 110.51avg, COVERED 800 at 109.94, out + .55, COVERED 300 at 109.66, out + .85 = + $695
10:01 – SHORT 400 GILD 83.93, STOPPED 83.97, out - .04 = - $16
10:08 – BUY 400 GILD 84.07, STOPPED 83.87, out - .20 = - $80
11:00 – SHORT 20K INSM 30.47avg, COVERED 15K at 30.41, out + .06, COVERED 2500 at 30.42, out + .05, COVERED 2500 at 30.55, out - .08 = + $825
Total P/L: + $1,374 Profits
SPY chopped around the daily 5-pd ma this morning. We scaled into RACE SHORT at 110.51avg for the 110.72 fib break on a perfect storm breakdown to scale the leans down to 109.66 area. We got chopped on GILD both ways on light shares as it finally based over the 83.85 fib and managed to grind. We scaled into INSM SHORT heavy as it got pumped on a short squeeze and caught the reversion back down to the stinky 5s lower range to scale out. Closed out the morning with + $1,374 Profits