05 Sep Trades for Tuesday, Sept. 5, 2017: + $979 Profits
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10:04 – SHORT 2100 MZOR 46.84avg, COVERED 1500 at 46.40, out + .44, COVERED 300 at 46.30, out + .54, COVERED 200 at 46.34, out + .50, COVERED 100 at 46.80, out + .96 = + $1,018
10:11 – BUY 2000 BBY 54.60avg, SOLD 1500 at 54.62, out + .02, SOLD 300 at 54.47, out - .13, STOPPED 200 at 54.30, out - .30 = - $39
Total P/L: + $979 Profits
SPY grinded this morning to stinky 2.50s at 247.50s before peaking for reversion down to 246.61. We scaled into MZOR SHORT at 46.84avg by shorting each pop through the 47.17 fib as it eventually formed a perfect storm breakdown on the 15,5,1-minute mini inverse pups back down through the 46.77 fib towards the 45.65 fib area to scale out 46.40, 46.34, 46.30 and 46.80, out + .44, + .50, + .54, + .96. We scaled into BBY LONG at 54.60avg but SPY was just too weak and used coils through the stinky 5s upper range 54.62 to trim down and stop out on pullbacks. Closed out the morning with + $979 Profits