Trades for Wednesday, Aug 12th, 2015

15 Aug Trades for Wednesday, Aug 12th, 2015

9:38 – SHORT 600 BABA 71.61avg, COVERED 500 at 71.50, out + .11, COVERED 100 at 71.15, out + .46            =            + $101

9:55 – SHORT 1400 FOSL 60.58avg, COVERED 1200 at 60, out + .58, COVERED 200 at 59.81, out + .77       =            + $874

10:08 – SHORT 300 BABA 73.05, COVERED 300 at 72.67, out + .38       =            + $114

10:10 – LONG 1100 FIT 39.90avg, SOLD 800 at 40.14, out + .24, SOLD 300 at 40, out+ .10            =            + $222

11:09 – LONG 300 SPY 206.10, SOLD 206.21, out + .11       =            + $33

11:28 – SHORT 1800 NFLX 121.15avg, COVERED 1600 at 120.96, out + .19, COVERED 100 at 121, out + .15, COVERED 100 at 120.93, out + .22    =            + $341

Total Daily P/L:         + $1,685

Total Weekly P/L:      + $3,682

Total Monthly P/L:      + $9,977

Total Yearly Profit:     + $67,727

FOSL08122015finaleBalled

Summary:

SPY bounced off the gap down this morning to that daily 5 period ma at 206.35 before reversion back down to the 205.85 superfib before recovering in the early afternoon. We hit BABA Shorts off the open twice for nice scalps on a breakdown and a reversion. We scaled into FOSL SHORT at 60.58avg as it popped up to the 61.30 a d 61.60 fib overshoots to scale in heavier to scalp the 60, and 59.81 reversions, out + .57 and + .77 for the big score. We scaled into FIT LONG at 39.90avg to scalp out the 40.14 and 40 overshoots, out + .24 and + .10. We scaled into NFLX SHORT at 121.15avg as it popped up thru 3 fibs for the eventual peak and reversion to scale out into the 120.96 and 121 panics, out + .15 and + .22 on heavier size.   Closed out the morning with + $1,685 profits.