18 Aug Trades for Thurs, Aug 18, 2016: + $1,493 Profits
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9:33 – BUY 900 WUBA 46.97avg, SOLD 600 at 47.70, out + .73, SOLD 200 at 47.67, out + .70, SOLD 100 at 47.25, out + .28          =         + $606
9:42 – BUY 2000 TWTR 19.33, STOPPED 19.31, out - .02 =  - $40
9:55 – BUY 400 WUBA 45.67avg, SOLD 400 at 46.10, out + .43       =         + $172
9:57 – SHORT 500 NTAP 33.07, COVERED 32.92, out + .15  =         + $75
10:03 – BUY 2000 JCP 10.51, STOPPED 1000 at 10.50, out - .01, STOPPED 1000 at 10.48, out - .03         =           - $40
10:20 – BUY 1600 HOG 50.60avg, SOLD 1200 at 51, out + .40, SOLD 400 at 51.20, out + .60        =         + $720
Total Daily P/L:Â Â Â Â Â Â Â Â Â + $1,493 Profits
 
Summary
SPY continued its perfect storm grind after the open. We scaled into WUBA LONGS into the panic selling at 46.97 to scalp reversions back up to 47.70s, which had a massive seller. We hit it again on coils off the stinky 5s and overlap fib support at 45.73 to scalp thrusts back up through 46.10. We tagged NTAP SHORT for a quickie reversion off the 33.13 fib. We scaled into HOG LONG at 50.60avg on the overreaction panics that bottomed out at 50.22 fib gatekeeper to scale out 51-51.20 as it grinded back up through 52 fib. Closed out the morning with + $1,493 profits.