30 May Trades for Thurs May 26 and Tuesday May 29, 2017: – $5,000 and + $1,006
Trades for 5/29/2017
9:35- BUY 400 AMBA 60.35avg, SOLD 60.75, out + .40Â Â Â Â Â Â Â Â =Â Â Â Â Â Â Â Â Â + $160
10:14 - LONG 2600 AMBA 60.49avg, SOLD 1900 at 60.74, out + .25, SOLD 300 at 60.98, out + .47, SOLD 200 at 61.12, out + .63, SOLD 100 at 61.53LIMIT, out + 1.04 Â Â Â Â Â =Â Â Â Â Â Â Â Â Â + $846
Total Intra-day P/L for 5/29/2017:Â Â + $1,006 Profits
* We got chopped stupid on BBY on 5/26/2017 for - $5,000 losses on 5/26/2017
Summary
SPY retested the daily 5 period ma on Friday’s MSH trigger at 241.48 before coiling back through after tagging 241.16 lows. We scaled into AMBA LONG at 60.49avg adding at the 60.21-59.80s range heaviest, on the bigtime overreaction to the brokerage downgrade this morning. AMBA was able to coil on a perfect storm breakout towards the 61.70-61.90 fib range to lock out into. Last Thursday, we got smoked on BBY for - $5k losses. Closed chatroom before recording the logs, didn't get a chance to post ahead of weekend. Closed out the morning with + $1,006 Profits.