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 Bill Davis, 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.
Let's book a small 2 day profit on RDN of 2.5%.
Sell RDN at the market, which is $14.23 as I write this.
Based on a 400 share purchase, profit will be $140 or 2.5% for two days.
This trade was intended to be a quick turn around.