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.
I bought YELP on a pattern break out.
I'll be using a 46 Stop On Close.
Reasoning: I was looking at names that were not interest rate or Dollar sensitive.
Social media is in it's own world. On that theme, FB can be bought with a stop at today's low.
Hack is acting okay, but SWKS & PANW are trading much better.
I'll Look at Oil this afternoon.
