Trades for Tuesday, Aug. 15, 2017: + $770 Profits

15 Aug Trades for Tuesday, Aug. 15, 2017: + $770 Profits

* Managed Trading Account services are now available. $75K minimum risk capital required. Contact Us for details.

Limited Spots For Summer one-on-one LIVE mentorships trader training with Jea Yu for 2-5 day mentorships are available and online coaching sessions.  Beginners to seasoned traders are welcome as the training is customized to the individual. Contact  us for dates and details or email JeaYu21@gmail.com directly.  Spots are limited!

Free 4-day trial to our LIVE Trade Alerts chatroom here

===

9:35 – SHORT 1000 DKS 28.65avg, STOPPED 28.97, out - .32 =        - $320

9:39 – BUY 2000 DKS 29avg, SOLD 1500 at 29.27, out + .27, SOLD 500 at 29.47, out + .47 =          + $640

9:49 – SHORT 400 HTZ 19.17, COVERED 18.97, out + .20     =          + $80

10:18 – BUY 200 AAP 87.75, SOLD 88.15, out + .40   =          + $80

10:31 – SHORT 2000 DKS 28.55avg, COVERED 1700 at 28.39, out + .16, COVERED 100 at 28.43, out + .12, COVERED200 at 27.48, out + .07        =          + $298

Total   P/L:      + $770 Profits

DKS08152017-labelled

Summary

SPY slipped back under the daily 15-period ma 246.74 after the open. We hit DKS SHORT initially on a perfect storm breakdown attempt, a VERY powerful bearish signal, but it absorbed and faded. We stopped out and reversed DKS LONG on heavier size knowing how STRONG a perfect storm is and how much stronger a perfect storm FADE is. We reversed at 29avg to scalp the thrusts up through 29.50s before ti faded back down. We stepped in for the “kill” on the SHORT DKS at 28.55avg for the leans towards the secondary support fibs to scalp out 28.43-28.38 area. Closed out the morning with  + $770 Profits.