Trades for Friday, December 4th, 2015: + $1,317 Profits

05 Dec Trades for Friday, December 4th, 2015: + $1,317 Profits

9:32 – SHORT 400 FIVE 31.35, COVERED 31.05, out + .30     =          + $120

9:47 – SHORT 1100 AMBA 58.94avg, COVERED 700 at 58.45, out + .49, COVERED 400 at 57.55, out + 1.39            =          + $899

10:08 – SHORT 1000 FIVE 29.30, COVERED 29.03, out + .27 =          + $270

11:29 – BUY 500 UVXY 26.90, STOPPED 26.78, out - .12       =          - $60

11:42 – BUY 400 UVXY 26.93, SOLD 27.15, out + .22             =          + $88

Total Daily P/L:          + $1,317

Total Weekly P/L:        - $35,173

Total Monthly P/L:      - $35,173

Total Yearly Profit:      + $105,238

AMBA12042015finale

Summary

SPY rallied hard today reversing most of yesterday’s losses.  We hit FIVE SHORTS off fibs at 31.35 and 29.30 for nice scalps.  We scaled into AMBA SHORT at 58.94avg for a hairy ride as we scaled in from 58 to 60 as algos finally stepped off and allowed for reversions back down to scale out 58.45 and 57.55, out + .49 and + 1.39.  We scalped the UVXY for small clips as that 29 area was just too tough to hold.  Closed out the day  with + $1,317 Profits.