Trades for Wednesday, Oct. 18, 2017: + $466 Profits

18 Oct Trades for Wednesday, Oct. 18, 2017: + $466 Profits

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9:30 – SHORT 200 IBM 157, STOPPED 157.35, out - .35        =          - $70

9:33 – SHORT 300 IBM 157.88, STOPPED 158.16, out - .28   =          - $57

9:37 – BUY 300 IBM 158.50, STOPPED 150, out - .50                        =          - $150

9:43 – SHORT 300 IBM 157.88, COVERED 200 at 157.58, out + .30, STOPPED 158.08, out - .30     =          + $30

9:49 – SHORT 1000 CREE 31.19avg, COVERED 800 at 30.87, out + .32, COVERED 200 at 30.92avg, out + .27            =          + $308

10:12 – BUY 2000 AMD 13.77, SOLD 13.88, out + .11           =          + $220

10:23 – BUY 500 SQ 32.55, STOPPED 32.50, out - .05           =          - $25

10:38 – BUY 7000 MU 40.99avg, SOLD 5000 at 41.02, out + .03, SOLD 1000 at 40.99, out eve, SOLD 1000 at 41.09, out + .10           =          + $240

Total   P/L:       + $466 Profits

Cree10182017-Labelled-SHORTGRINDSQUEEZEcree10182017-rifle

Summary

SPY flat this morning as the daily may be setting up for another mini pup at the high bands. We got chopped on IBM both ways and moved to simpler mousetraps. We hit CREE SHORT for reversions down to the 30.95-30.61 fibs for a scalp. We hit AMD LONG on reversion bounces near the super strong 13.74 fib. Volume and volatility slowed down bigtime. Closed out the morning with + $466 Profits