10 May Trades for Wednesday, May 10, 2017: + $555 Profits
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9:32 – SHORT 500 YELP 28.10avg, COVERED 400 at 27.65, out + .55, COVERED 100 at 27.45, out + .65 = + $285
9:51 – SHORT 800 VSI 15.20avg, COVERED 600 at 14.90, out + .30, COVERED 200 at 14.75, out + .45 = + $270
Total Intra-day P/L: + $555 Profits
SPY grinded flat this morning. YELP squeezed premarket as a dumper. We scaled into YELP SHORT at 28.10avg near the 28.11 fib for a beautiful rug pull to scalp out 27.60s-27.40s stinky 2.50s range. We scaled into VSI SHORT at 15.20avg to scale out 14.90-14.75 as it leaned to the 14.48 fib eventually. The nickel spreads require limit orders but are awesome. Used very light shares this morning for nice profits insider of 20-minutes. Closed out the morning with + $555 Total Profits.