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.
Current Positions
APPL??? Long?? ? ? ? ? ? ? ??? 520.70?????? 518?????????????? 600
TBT??? ? Long??????????????????? 77.42???????? 76.80 intra day GTC
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Today's Working Orders
Sell?AAPL?@?"559 stop OCO 581?GTC? 1/2?remaining position
Sell?AAPL @?518 stop GTC? 1/2?remaining position
OCO...One Cancels the Other
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I will be out of office for the next couple of days for some scheduled body maintenance.
Nothing too serious, just some?risidual work to pay for all
that fun I had skiing and sailing in my youth.?
I will not be writing, answering calls or returning e-mails until at least Thursday.
General Comments orValuable Insight
Many of the World Bonds look to be in need of a small relief rally. This includes the Bund, Italian 10 yr. and of course our 30 yr. Bond.
Short Term View...
Keep trading to make money. The opportunity will be in individual names.
Less is more this time of year. Be patient, if you miss something it's much better than taking it in the shorts!
Individual stocks look to be an easier read based off their own technical s. The Equity Indices seem stretched at these levels.
Go with the flow. Use the 9/30/13 ( September 30th) closes as your macro pivots. Trade the opening ranges and early time frames.
Your short term pivots are Friday's closes unless stated.
Just ask yourself..is it trading higher or lower on the month?
For Glossary of terms and abbreviations click here.
