While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
BUY IWM @ 115.25 Stop On Close.
A price print of 115.25 or higher elects a market order to buy.
Today's low was the 200 DMA. The Risk on the trade is app 1 1/2 % from here or a close below today's low.
I'm buying the one that is the most beaten up.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
