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 UVXY @ the Market!
This is an Opening position with a 5% portfolio weighting.
The risk is maybe 20 cents to buy some downside protection.
Options traders...it cost app $1.40 to buy the 14 5/20 Calls.
A call spread could be in order.
I'm doing this trade to hedge exposure into big event week.
Insurance is cheap particularly after these monster rallies in MSFT,GOOGL & AMZN
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