While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader 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.
Mad Day Trader uses a dozen proprietary short-term technical and momentum indicators to generate buy and sell signals. These will be sent to you by text message and email for immediate execution. During normal trading conditions, you should receive three to five alerts a day.
As with our existing service, you will receive ticker symbols, entry and exit points, targets, stop losses, and regular real time updates. At the end of each day, a separate short-term model portfolio will be posted on the website.
The Mad Day Trader service is provided by Jim Parker, a 40-year veteran of the wild and wooly financial markets in Chicago.
Jim Parker graduated from the University of Colorado in 1974 with a degree in business. During a chance visit to the cattle futures pit of the Chicago Mercantile Exchange (CME) he caught the trading bug and never left.
He joined the brokerage firm, Lind Waldock, which put him to work in the newly opened gold pit. Jim quickly moved up to become the founding partner’s personal clerk and floor runner. The following year he obtained membership in the nascent International Monetary Market (IMM), where he began trading in foreign exchange contracts for the house account.
Jim struck out on his own as an independent trader in 1975, earning his living trading his personal capital. He caught the transition of every major change to hit the markets in the decades that followed, including the introduction of computers, black boxes, and today’s high frequency trading through “dark pools” that dominates the market action.
Today Jim acts as an outside advisor to some of the largest and most successful hedge funds in the industry. We are lucky to have him on our team and to gain access to his experience, knowledge, and expertise. You will never find a better man on the ground in Chicago looking out for your positions.