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.
We've have a resting order to buy TBT @ 76.60 GTC. Good Until Canceled.
This could possibly trade down to 76.20 today into tomorrow.
Adjust the order....
Reduce the size of the original buy TBT @ 76.60 GTC by half.
Place another order to buy an equal amount of TBT @ 76.20 GTC
You will have 2 working orders.
We're scaling into the Long TBT again...By buying 1/2 our position @ 76.60 and the other 1/2 @ 76.20 where we have a lower risk trade.
The idea here is to at least get a little back on.
This will effectively leg us into a SPU/BOND spread via double leveraged ETF's..
We bought the SSO..the Long Equity side Friday.
Now we're trying to get back into the Short Bond side again via a Long TBT
Long Stocks/Short Bonds.
This is a Risk On Trade.
For Glossary of terms and abbreviations click here.
