Trades for Wednesday, April 21st, 2016: + $416 Profits

21 Apr Trades for Wednesday, April 21st, 2016: + $416 Profits

 

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9:32 – BUY 400 UVXY 16.09, STOPPED 15.87, out - .22         =          - $110

9:40 – SHORT 2500 GM 33.08avg, COVERED 2000 at 32.98, out + .10, COVERED 300 at 33.04, out + .04, COVERED 200 at 32.97, out + .11       =          + $233

9:50 – BUY 300 LVS 46.85, STOPPED 46.81, out - .04                        =          - $12

10:03 – BUY 300 LVS 46.60, STOPPED 46.50, out - .10          =          - $30

10:21 – BUY 1700 LVS 46.22avg, SOLD 1400 at 46.40, out + .18, SOLD 300 at 46.50, out + .28      =          + $335

Total Daily P/L:          + $416 Profits

LVS04212016

Summary

SPY opened with perfect storm breakdown anchored by the 60-minute mini inverse pup. We got chopped out of the UVXY on SPY algo sweeps. We scaled into GM SHORTS for reversion scalps back through the 33.01 fib as it peaked off the 33.24 fib.  We tests LVS LONGS twice with small stops and then scaled into the larger size off the 46.15 x 45.97 fib supports as WYNN have a beautiful lead signal, to scalp thrusts up to the 46.60s. Closed out the morning with + $416 profits.