Trades for Wednesday, June 1st, 2016: – $4,319 Losses

02 Jun Trades for Wednesday, June 1st, 2016: – $4,319 Losses

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9:35 – SHORT 500 UA 33.65, COVERED 33.55, out + .10       =          + $50

9:46 – SHORT 500 NKE 54, STOPPED 54.23, out - .23                        =          - $115

9:58 – SHORT 500 UA 35.40, STOPPED 35.63, out - .23         =          - $115

10:33 – SHORT 2600 KORS 44.86avg, STOPPED 45.68, out - .82       =          - $2,132

2:55 – SHORT 3500 UA 35.66avg, STOPPED at 36.30, out - .64         =          - $2,240

3:08 – SHORT 500 BABA 77.84, COVERED 400 at 77.63, out + .21, COVERED 100 at 77.55, out + .29        =            + $113

1:19 – SHORT 1000 SBUX 54.90, COVERED 54.78, out + .12 =          + $120

Total Daily P/L:          - $4,319 Losses

BABA06012015

Summary

SPY grinded back up through the daily 5 period ma this morning. We got grinded on UA and KORS shorts and threw in the towel as the algo were totally in control. Crappy management this morning as there was a lot of divergence in the dry climate.  Closed out with - $4,319 Losses.