Trades for Tuesday, Dec 12, 2016: + $448 Profits

06 Dec Trades for Tuesday, Dec 12, 2016: + $448 Profits

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9:33 – SHORT 500 P 13.73, COVERED 13.67, out + .06          =          + $30

9:45 – BUY 1400 JPM 82.62avg, SOLD 1100 at 82.80, out + .18, SOLD 200 at 82.88, out + .26, SOLD 200 at 82.91, out + .29           =          + $308

9:56 – BUY 300 M at 41.44, SOLD 41.54, out + .10    =          + $30

10:08 – BUY 400 CAKE 61.40avg, SOLD 400 at 61.60, out + .20        =          + $80

Total Daily P/L:          + $448 Profits

JPM12062016finallabelled

 

Summary

SPY fell back under the 221.15 fib off the open this morning before stabilizing and bouncing back towards the fib. We hit initial scalps on P shorts. We scaled into JPM LONG off the 1.618 fib area to avg 82.62 on longs to scale into the bounces up to 82.99 fib. CAKE set-up a nice perfect storm breakout on thin liquidity for nice scalps into the liquidity as it finally broke and based above the 61.28 fib. Closed out the morning with + $448 profits.