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.
Time to do the tighten up.
New order...For those with existing Long Positions only!!!
SELL AAPL @ 559 Stop GTC. "Good Until Canceled"
This is a trailing stop for profit protection on 1/2 the remaining position.
My thought process is that if the board does have a risk off swoon we'll get another chance to repurchase AAPL @ 540.
We'll leave 1/4 of the position on with a 518 stop.
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