Perfect Storm Trades for 10/23/2014

Hi All,

Crazy day as the algos were relentless pumping up the SPY.  We started off strong this morning but got caught on FB shorts as algos grinded SPY up to 196.  We hit UA LONG at 63.47 avg on two entries to scalp the 64.23 and 64.52 on the perfect storm squeeze, out + .76 and + 1.05.  We hit YELP LONG at 59.05 but couldn't get another fill off the 58.71 fib where it coiled so we scalped the spikes to stinky 5s level at 59.48, out + .43.  We re-entered UA LONG at 65.95 on the 1 min pup breakout to scalp 66.60 on the spike, out + .55.  The morning started off well but then we got chopped on our bucket stocks hard.  We thi FB SHORT at 79.54 off stinky 5s upper range but stopped out at 79.61, out - .07.  We hit AAPL SHORT at 104.67 for reversion off the 104.59 fib but stopped out at 104.75, out - .08.  We re-SHORTED AAPL at 104.71 but stopped out again at 104.84, out - .13.  We hit TWTR SHORT at 50.11 on the sellfades but stopped out at 50.28, out - .17.  We hit FB SHORT at 79.98 but stopped 80.10, out - .12.  We hit TWTR LONG at 50.26avg thinking the 200k block covers were lifting for a laggard move but stopped out 50.24 and 50.06 as it turned into a turd again, out - 02 and - .20.  We scaled into FB SHORT from 79.98 and kept adding on the extreme grinds which took it up to 80.60 as we hit our last scale in at 80.59 with the 80.70 fib resistance above.  FB tried to spike through 80.63 but at that moment, we saw BIG BLOCK selling that came in around 2:15pm which continued through the intraday fibs at 80.45, 80.29 and 80.01.  We scaled out the shorts at the lower fibs at 80.28, 80.11 and 80.03, out - .13, + .04 and + .12.  Marathon session today and not one to repeat.  Narrowed the losses to - $497 on the day.  This was the first losing day in over a month, no too bad.

Posted to Morning Profit Maker on Oct 23, 2014 — 3:10 PM
Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!