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.
The low looks pretty good in the Spu's. They could easily rally to 1872 today.
BUY the SSO @ the market!?
Follow Up:
104.50 was where I exited the SSO at the end of last year after a year long rally.
I've taken a little nibble here on a big mid week blow off.
I got filled @ 104.85
I will be using a 101.95 stop intra day on this trade GTC.
Both Euro & Aussie went to resistance with the 30 Yr Bonds cleaning out all the Long term resting buy stops.
In other words, everybody just got screwed.
This is the kind of action you need for a trad able low.
The Futures will be way too wild for the retail guys, so I picked the SSO to bottom fish given I have a defined out.
The day is young and I'm sure you'll see a lot more back and forth.
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