Trades for Tuesday, September 8th, 2015

08 Sep Trades for Tuesday, September 8th, 2015

out + .39          =          + $262

9:48 – SHORT 2600 FIT at 35.56, COVERED 2000 at 35.30, out + .26, COVERED 200 at 35.13, out + .43    =            + $606

11:08 – LONG 3500 NFLX 96.69avg, SOLD 3500 at 96.20, out - .49  =          - $1,715

11:17 – BUY 4100 NFLX 96.41avg, SOLD 3500 at 96.07, out - .34, STOPPED 600 at 95.27, out – 1.14         =            - $1,874

12:31 – SHORT 4000 NFLX 95.22avg, COVERED 3000 at 94.62, out + .60, COVERED 500 at 94.45, out + .77, COVERED 500 at 94.76, out + .46       =          + $2.415

1:14 – LONG 5000 FCX 10.32avg, SOLD 10.40, out + .08, out + $400

Total Daily P/L:            +$94

Total Weekly P/L:        + $94

Total Monthly P/L:      + $3,117

Total Yearly Profit:      + $89,445

NFLX09082015 FCX09082015

Summary:

SPY gapped and crapped off the opening but was able to control the 5-minute mini pup BOSS chart to grind itself back up towards the daily 15 period ma area and triggered a 5 minute Seedwave to the 197.10 which was 1.618 target.  Hit tagged MU and FIT SHORTS off the opening action for quick and tasty reversions.  Then we got tangled with NFLX LONGS as it sold off excessively.  We were LONG NFLX at 96.69avg and MISSED our window of opportunity to scalp the through into the 96.80s as it proceeded to sell fade HARD.  We eventually stopped out of all NFLX and reversed it SHORT at 95.22avg for a 6 lane perfect storm breakdown to scalp leans out in the 94.60s-94.40s stinky 5s lower range as it eventually puked to mid 93s.  We took FCX LONG at 10.32avg on heavy size to scalp the stinky 5s lower range overshoots at 10.40.  We were able to chop our way back into the green for + $94 profit on the day.