Trades for November 13th, 2015: + $2,265 Daily Profit and + $7,052 Weekly Profits

13 Nov Trades for November 13th, 2015: + $2,265 Daily Profit and + $7,052 Weekly Profits

9:37 – SHORT 500 YELP 27.20, COVERED 26.61, out + .59    =          + $295

9:51 – SHORT 4000 JWN 53.52avg, COVERED 3000 at 53.04, out + .48, COVERED 1000 at 53.01, out + .51            =          + $1,950

9:58 – SHORT 1100 MYL 48.71avg, COVERED 800 at 48.50, out + .21, COVERED 300 at 48.43, out + .28  =            + $410

Total Daily P/L:          + $2,655

Total Weekly P/L:      + $7,052

Total Monthly P/L:      + $12,648

Total Yearly Profit:    + $156,626

  (fib charts on trades!)  (click to enlarge)

Summary:

SPY continued to get smacked down on the daily mini inverse pup and intraday perfect storm breakdown.  We nailed YELP SHORT at 27.20 and really wanted to scale more but it never got another pop towards that 27.32 fib.  There was a huge buyer at 26 yesterday and sure enough, it gets an upgrade this morning… hmmm.  We scalped out the slips back through the 26.68 fib at 26.61, out + .51.  We scaled into JWN SHORT at 53.52avg.  We started the scaling light at 52.70s then steadily added in higher increments up to 53.90 area fib to bring our average above that 53.20 fib.  We got the reversion lean towards 53 on heavy liquidity, where we scaled out 53.04 and 53.01, out + .51.  We SHORTED MYL at 48.71avg again on algo sweeps that jammed it up towards that 48.72-48.92 gatekeeper fib for the reversion back down to scale out the 48.50 and 48.43 (fib) overshoots, out + .21 and + .28.  Carved out + $2,655 profits in under an hour this morning.  Closed  out the week + $7,052 profits.