Trades for Wednesday, Feb. 8, 2017: – $2,700 Losses

09 Feb Trades for Wednesday, Feb. 8, 2017: – $2,700 Losses

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Swing –

2/3/2017 - SHORT 20K MS at 43.83avg, COVERED 5K at 44.02, out - .17, COVERED 10K at 43.92, out - .11, COVERED 3K at 43.98, out - .15, COVERED 1K at43.93, out - .11, COVERED 1K at 43.86, out - .03 =          - $2,540

 

9:39 – SHORT 200 DIS 111.33, COVERED 110.80, out + .53  =          + $106

10:11 – BUY 200 AKAM 62.40, SOLD 100 at 62.56, out + .16, STOPPED 100 at 62.30, out - .10      =          + $6

10:16 – BUY 200 AKAM 62.56, STOPPED 62.40, out - .16      =          - $32

10:21 – BUY 400 AKAM 62.67, STOPPED 200 at 62.56, out - .11, STOPPED 200 at 62.46, out - .21 =          - $64

10:46 – BUY 800 AKAM 63.20avg, STOPPED 63.08, out - .12                        =          - $96

11:16 – SHORT 13K YHOO 45.01avg, STOPPED 8K at 45.04, out - .03, STOPPED 3K at 45.03, out - .02, COVERED 1000 at 45.02, out - .01, COVERED 1000 at 44.96, out + .05        =          - $260

11:28 – SHORT 2000 AMD 13.70, COVERED 1500 at 13.62, out + .08, COVERED 500 at 13.58, out + .12   =            + $180

Total Daily P/L:          - $2,700 Losses

 

DIS02082017labelled

Summary

SPY sold off down to the 228.38 fib causing the banks to sell-off hard. Most importantly, MS finally cracked and sold-off heavy as we used the opportunity to finally scale out of our heavy swing shorts as it leaned through multiple fibs. The 4-day rule + daily MSH trigger finally kicked in as the sector sold-off and the buy fade vanished. The rest of the morning was just spinning our wheels as YHOO grinded hard with BIDU but gave us a chance to scale in on the 45.14 fib reversion. Closed out with - $2,700 Losses.