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.
Bottom Fishing abounds.
I like the idea of buying before you sell at these levels in the OIL and related names.
Jan oil broke out of the opening range , like yesterday, to the upside which elicited an immediate buying of DIG, all the Oil majors, and the emerging market ETF's.
EWW,EWZ and even Russia (RSX). These are all massively oversold names that are providing bounces to the nimble day trader.
Traders who wish to play in this sandbox should trade to make money/ Not pick the stone cold low.
Trade with defined risk!
LINE...
Those wishing to pay out a little premium to pick a low in oil could look at the 15 DEC 14 Calls that expire Friday in LINE.
If you can buy this strike for 10 cents it's worth the Punt.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
