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.
We're filled on the Oil BUY @ 101.76
We now have a 50% short Crude position.
Adjust your buy stop @ 103.15 to reflect the change.
I.E....if you had 4 contracts you should now have only 2.
Oil needs all new weakness back under 101.50 again for a run to 100.95.
No matter what happens there is no longer risk in the trade.
The stop has been more than paid for.
January, 2014 MediumTerm Outlook-1st-qtr-2014/
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