04 Oct Trades for Wednesday, Oct. 4, 2017: + $255 Profits
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9:33 – BUY 2000 TEVA 16.53avg, SOLD 1500 at 16.64, out + .11, SOLD 500 at 16.72, out + .19 = + $260
9:54 – BUY 1000 MU 39.87, STOPPED 500 at 39.78, out - .09, SOLD 500 at 39.95, out + .08 = - $5
Total P/L: + $255 Profits
SPY chopped flat above the stinky 2.50s range this morning. We spotted a high-probability precision scalp long at 16.53avg for the move to that 16.75 fib area which hit (almost) right on the nose as the high of the day, we scaled out into the liquidity. The combination of a Rifle chart perfect storm + fib target made for a high-probability timed precision trade as we top-ticked TEVA before it eroded back down to 16.20s. Closed out the morning with + $255 Profits.