While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to the six-month time frame, Mad Day Trader, provided by Bill Davis, 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.
Today, I would like to make a recommendation on a stock that appears to have bottomed.
The stock is Dropbox, Inc. (DBX).
DBX does have weekly options, but I am not going to suggest you trade any options at the moment.
Instead, I am going to suggest you buy the shares.
DBX is trading around $17.18 as I write this.
Buy DBX at the market.
Limit the trade to 400 shares, which would be about 6.8% of the nominal portfolio.