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 UVXY @ the Market!
This is a closing position.
It's curently trading @ 9.25
I've been to the well one too many times with this trade.
My timing is off so I'm just going to take it off and wait.
Still think it's the right idea, it's just a matter of when and where.
I'm holding to my game plan and taking my lumps.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.