06 Dec Trades for Tuesday, Dec 12, 2016: + $448 Profits
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9:33 – SHORT 500 P 13.73, COVERED 13.67, out + .06         =         + $30
9:45 – BUY 1400 JPM 82.62avg, SOLD 1100 at 82.80, out + .18, SOLD 200 at 82.88, out + .26, SOLD 200 at 82.91, out + .29          =         + $308
9:56 – BUY 300 M at 41.44, SOLD 41.54, out + .10   =         + $30
10:08 – BUY 400 CAKE 61.40avg, SOLD 400 at 61.60, out + .20       =         + $80
Total Daily P/L:Â Â Â Â Â Â Â Â Â + $448 Profits
Summary
SPY fell back under the 221.15 fib off the open this morning before stabilizing and bouncing back towards the fib. We hit initial scalps on P shorts. We scaled into JPM LONG off the 1.618 fib area to avg 82.62 on longs to scale into the bounces up to 82.99 fib. CAKE set-up a nice perfect storm breakout on thin liquidity for nice scalps into the liquidity as it finally broke and based above the 61.28 fib. Closed out the morning with + $448 profits.