Trades for Wednesday, May 4th, 2016: – $432 Losses

04 May Trades for Wednesday, May 4th, 2016: – $432 Losses

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9:32 – BUY 600 UA 41.60avg, STOPPED 600 at 41.44, out - .16        =          - $96

9:41 – BUY 2000 UA 40.61vg, STOPPED 2000 at 40.05, out - .56      =          - $1,120

9:50 – BUY 2500 UA 40.33avg, SOLD 1700 at 40.41, out + .08, SOLD 200 at 40.57, out + .24, SOLD 600 at 40.52, out + .19           =          + $302

9:52 – SHORT 400 Z 28.70, STOPPED 29.10, out - .40           =          - $160

9:53 – BUY 400 MTCH 12.65, SOLD 12.97, out + .32             =          + $128

10:04 – BUY 2000 UA 40.90, SOLD 1700 at 41.04, out + .14, SOLD 300 at 41, out + .10, STOPPED 200 at 40.46, out - .44            =          + $180

10:22 – SHORT 800 Z at 28.70avg, COVERED 600 at 28.31, out + .39, COVERED 100 at28.15, out + .55, COVERED 100 at 28.25, out + .45       =          + $334

10:55 – SHORT 1000 P 9.21, STOPPED EVEN

11:02 – SHORT 800 NKE 59.62, COVERED 59.62, out even

Total Daily P/L:          - $432 Losses

ZMTCH05042016

Summary

We scaled into UA off the open but it turned into a perfect storm breakdown despite the gap down. We defensive sprawl scaled in and trimmed out on pops in stinky 5s levels and near the 41.05 fib. We hit Z for a nice panic dump on re-entry shorts.  MTCH was a beast this morning but liquidity so tough to get. NKE and P were tough to crack. Closed out the morning with -$432 Losses.