Trades Thursday, for March 31st, 2016: – $311 Losses

31 Mar Trades Thursday, for March 31st, 2016: – $311 Losses

 

9:33 – BUY 1000 HPE 17.60avg, SOLD 17.67, out + .07         =          + $70

9:30 – BUY 300 SVXY 50.90, STOPPED 50.55, out - .35          =          - $105

10:07 – SHORT 4500 MSFT 55.11avg, STOPPED 4000 at 55.28avg, out - .17, STOPPED 500 at 55.34, out - .23            =          - $795

1024 – SHORT 3500 MU at 10.27avg, COVERED 3000 at 10.18, out + .09, COVERED 500 at 10.22, out + .05            =          + $295

11:00 – SHORT 200 IBM 152.45, COVERED 152.30, out + .15           =          + $30

11:05 – SHORT 1000 MU at 10.22avg, COVERED 1000 at 10.09, out + .12  =          + $120

11:08 – SHORT 200 IBM 152.45, COVERED 152.13, out + .32           =          + $74

Total Daily P/L:          - $311 Losses

IBM03312016

Summary

SPY was very choppy on the 60-minute mini pup this morning.  We got grinded on MSFT as the sellfade turned into a perfect storm breakout on the daily double barrel pups. We hit MU SHORT for the inverse version of MSFT as it had a perfect storm breakdown against a resilient SPY.  We scalped IBM SHORTS twice for nice reversions back towards the 152.10 area.  The action was very choppy on light volume this morning in a very dry trading climate. Closed out with - $311 losses.

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