Trades for Tuesday, August 1, 2017: – $119 Losses

01 Aug Trades for Tuesday, August 1, 2017: – $119 Losses

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9:53 – SHORT 300 LL 31.45, STOPPED 31.75, out - .30          =          - $90

9:58 – SHORT 300 LL 31.55, STOPPED 31.87, out - .32          =          - $96

10:12 – SHORT 200 LL 31.76, STOPED 31.96, out - .20          =          - $40

10:31 – BUY 500 IGT 21.67, STOPPED 21.53, out - .14          =          - $70

10:50 – SHORT 400 LL 32.55avg, COVERED 300 at 32.13, out + .42, COVERED 100 at 32.10, out + .45      =            + $177

Total Intra-day P/L:   - $119 Losses

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Summary

SPY still battling the daily make or break. Stopped out on small shares right out of the gate on on LL and IGT but caught a sweet breakdown on the 32.55avg SHORT on LL for the reversion off the 3rd .618 fib at 32.61 for a nice lean down to 32.10. Called it a day. Drawdown days are INEVITABLE and the key is to keep them small and let them pass. First drawdown day in 12 sessions helps keep you flexible. Closed out morning with - $119 Losses.