Trades for Wed, Feb 3rd, 2016: + $927 Profits

03 Feb Trades for Wed, Feb 3rd, 2016: + $927 Profits

9:32 – SHORT 400 EW 82.91avg, COVERED 300 at 82.06, out + .85, COVERED 100 at 81.53, out + 1.38    =            + $393

9:50 – SHORT 2400 RACE 37.16avg, COVERED 2,000 at 37, out + .16, COVERED 200 at 37.16, out even, COVERED 100 at 36.93, out + .23, COVERED 100 at 36.88, out + .28           =          + $371

10:13 – SHORT 400 AAPL 94.73, COVERED 94.53, out + .20 =          + $80

10:22 – SHORT 1200 AAPL 94.74avg, COVERED 1100 at 94.67, out + .07, COVERED 100 at 94.62, out + .05            =          + $82

Total Daily P/L:          + $927

Total Weekly P/L:        + $2,188

Total Monthly P/L:      + $2,188

Total Yearly Profit:      + $12,938

EW02032016finalee

Summary

SPY got headfaked early by the bears as the dual daily and 60-minute mini pups heading into the open got smothered and muscled down to the prior double bottom area 187.10 before coil attempts.  We spotted a 5-min bearish butterfly on EW premarket and hit EW SHORT at 82.91avg on the opening spikes to scalp 82.06 and 81.53, out + .85 and + 1.38.  We scaled into RACE SHORT at 37.16avg into the algo sweeps to scalp the 37, 36.93 and 36.88, out + .16, + .23 and + .28.  AAPL was tricky as it buyfaded most of the SPY sell-off then faded the SPY bounces all trickiness emmating off that 94.78 fib.  We were able to scale in decent average prices pennies shy of that fib to scalp out pullbacks.   Closed out the morning with + $927 profits within the first hour.