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 Bill Davis, 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.
Two days ago COWN sold off based on some news and had a strongly bearish day. Two days ago COWN sold off based on some news and had a strongly bearish day. Yesterday and today, it is getting a small bounce. I would like to use this as an opportunity to close the position. My suggestion is to sell COWN at the market, which is $15.23 as I write this. This results in a small profit on the deal. I'd rather book a small profit and look to move onto something else.