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.
BUY 23 May 14 87 Put (MOC) Market on Close.
We've just had another good rally from oversold levels.
Volatility has imploded.
Tomorrow is a Full Moon and Lunar Eclipse, always a possible trend change event.
The Ten year Bond Future is putting in an ORH day.
I'm leading off by a day on this trade, looking for a mid-week high in the Indices.
Price action over today's high in the Nasdaq will have me pull the plug on this short.
If I'm wrong I've thrown away 10-15 cents in premium.
Yes, if we're to pull out our Ouija boards now is the time.
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