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 50% or your long position Market On Close (MOC)
Leave the order to sell @ 182.10 alone.
It looks like IBM will close on or near the highs of the day.
I just want to make sure I get filled taking partial profits after this move.
If we get taken out of the entire trade today, so be it.
For Glossary of terms and abbreviations click here.
