05 Dec Trades for Monday, Dec 5, 2016: – $27 Losses
Winter one-on-one LIVE mentorships trader training with Jea Yu for 2-5 day mentorships are available and online coaching sessions.  Beginners to seasoned traders are welcome as the training is customized to the individual. Contact  us for dates and details or email JeaYu21@gmail.com directly.  Spots are limited!
Free 4-day trial to our LIVE Trade Alerts chatroom here
=====
9:45 – SHORT 400 JPM 82.76avg, STOPPED 82.86, out - .10 =         - $40
10:07 – SHORT 1500 JPM 83.06avg, STOPPED 1000 even, COVERED 300 at 83.01, out + .05, COVERED 200 at 82.93, out + .13          =         + $41
10:24 – SHORT 200 CRM 70.28, STOPPED 70.42, out - .14  =         - $28
Total Daily P/L:Â Â Â Â Â Â Â Â Â - $27 Losses
 
Summary
SPY managed to gap and grind above the daily 5-period ma resistance at 220.20 which overlaps with the fib. SPY grinded to the 221.15 fib on a 60-minute mini pup. We scaled into JPM SHORT and sprawled for flat exits on reversions off the 83.30 fib. We took a tester short on CRM on light shares and stopped out quickly when the 5-minute turned into a pup breakout following WDAY as the lead. Closed out the morning with - $27 Losses.