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 30 GDXJ 5 DEC 14 31 Calls @ .60 cents.
This is a price order to get long the Junior Miners.
This is an Opening trade
I'm using a price order since you could drive a semi truck through the Bid/Offer.
The metals have been holding the breaks with the miners performing fairly well.
I'm looking for this to test the 50 DMA @ 31.34 for a start.
ETF traders...you want to see the GDXJ remain above today's low of 27.75.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.