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.
Sell 1/2 Long VXX @ 28.05
This is an order to take profits.
We're taking half off just below trend resistance and letting the rest ride.
This is a tactical Long to protect profits for the Long only managers.
If filled raise your stop to break-even.
We're using 27.45 for our entry level.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.