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.
Closing Trade.
Sell QQQ 15 March Puts @ the market.
?Those of you who left resting price orders to buy @ .20 cents have a total of 75? ? contracts.
Friday we bought the Puts to honor the potential ORL pattern in the Nasd 100 Futures.
Sustained price action today above 3710 "NDH" negates the pattern.
A close over 3722 will have the market on it's Risk on way into Month end.
January, 2014 MediumTerm Outlook-1st-qtr-2014/
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