02 Nov Trade Alerts for Thursday, Nov. 2, 2017: + $1,011 Profits
Trade Alerts:
9:36 – SHORT 3200 LB 47.52avg, COVERED 3000 at 47.22, out + .30, COVERED 200 at 47.05, out + .48  =           + $996
9:43 – SHORT 200 QCOM 55.35, STOPPED 55.45, out - .10 =         - $20
9:46 – SHORT 200 QCOM 55.26, STOPPED 55.45, out - .21 =         - $42
9:55 – SHORT 400 QCOM 55.58avg, COVERED 300 at 55.42, out + .16, COVERED 100 at 55.55, out + .03           =         + $51
10:01 – SHORT 200 QCOM 55.47, COVERED 100 at 55.42, out + .05, COVERED 100 at 55.26, out + .21   =           + $26
Total  P/L:     + $1,011 Profits
Summary
SPY plunged this morning. We scaled into LB SHORTS for a solid reversion/reversal after the opening algo sweeps up towards the 47.96 fib for reversions back down through 47.31 the .618 fib as it leans through 46.87 fib. We hit small shares on QCOM for lunch money as it finally peaked off the 55.66 fib on the nose. Closed out the morning with + $1,011 Profits
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* The Trade Alerts are timestamped signals alerts to members in the live chatroom. Results are hypothetical and fills may differ between different traders. Alerts are not solicitations to buy or sell securities, but meant to illustrate the trading methodology for educational purposes. Moderators and members may or may not take the trades based on their own individual goals and risk parameters.