Trades for Tuesday, Apr 7th, 2015

07 Apr Trades for Tuesday, Apr 7th, 2015

9:40 – SHORT 1300 FDX 172.85avg, COVERED 1000 at 172.58, out + .27, COVERED 200 at 172.48, out + .37, COVERED 100 at 172.40, out + .45    =            + $389

9:50 – SHORT 1000 IGT 19.67, STOPPED 19.78, out - .11       =            - $110

10:03 – SHORT 2500 IGT 20.11avg, COVERED 2000 at 19.93, out + .18, COVERED 300 at 19.90, out + .21, COVERED 100 at 19.80, out + .31, COVERED 19.88, out + .23       =            + $477

10:48 – SHORT 2500 TWTR 52.63, COVERED 2300 at 52.56, out + .07, COVERED 200 at 52.69, out - .03       =            + $155

Total Daily Profits:            + $911

Total Weekly Profit:   + $1,362

Total Monthly Profit: + $3,450

Total Yearly Profit: + $21,646

IGT04072015finalleze FDX04072015

Summary:

SPY grinded back up this morning on the 60 minute pup breakout. We scaled into FDX SHORT at 172.85avg as the algos went apesh*t on pops as we added into the squeeze. The 1 minute market structure high triggered when 103.17 broke causing a panic rug pull down as the mini inverse pup kicked in through 80 band to scale out 172.58, 172.48 and 172.40 stinky 5s lower range, out + .27, + .37 and + .45. We hit IGT SHORT at 19.67 for a reversion but the 5 min pup formed triggered a stop at 19.78, out - .11.   We scaled back into IGT SHORT at 20.11avg to scale out on the 5/1 minute dual mini inverse pup slips at 19.93, 19.90, 19.80 and 19.88, out + .18, + .21, + .31 and + .23. We hit TWTR SHORT at 52.63avgt to scalp out 52.56 and 52.69, out + .07 and + .03. Carved out + $911 profits this morning.