Trades for Monday, Mar. 6, 2017: + $657 Profits

06 Mar Trades for Monday, Mar. 6, 2017: + $657 Profits

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9:38 – BUY 2500 AMD 13.31avg, STOPPED 2000 at 13.30, out - .01, STOPPED 500 at 13.27, out - .04  =   - $40

9:46 – BUY 1500 AMD 13.15avg, STOPPED 1000 at 13.04, out - .11, STOPPED 500 at 13, out - .15            =            - $170

9:59 – SHORT 2000 TGTX 10.83avg, COVERED 1500 at 10.60, out + .23, COVERED 500 at 10.53avg, out + .30            =          + $495

10:10 – BUY 300 CAT 95.11, SOLD 200 at 95.23, out + .12, SOLD 100 at 95.29, out + .18   =          + $42

10:24 – SHORT 300 NVDA 95.75, STOPPED 96.10, out - .35  =          - $105

10:31 – SHORT 2500 TGTX 9.90avg, COVERED 2000 at 9.75, out + .15, COVERED 300 at 9.65, out + .25, COVERED 200 at 9.60, out + .30         =          + $435

Total Daily P/L:          + $657 Profits

 

Summary

SPY set up for the daily mini inverse pup sell-off with the gap down this morning. We stopped out of AMD LONG since it couldn’t hold a break above the 13.31 fib as NVDA was incredibly weak. We had good results on TGTX SHORTs as the 5-minute mini inverse pup set up nice perfect storm breakdowns on key fibs to ultimately lean to the 10.57 fib at the bottom of the range before coiling. Closed out the morning with + $657 Profits