November 1, 2013 – MDT – Midday Missive w/TBT Position Update

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’re filled on our Sell orders, taking profits on 3/4 of our long TBT position.

The rest of the trade is completely free, meaning you can’t lose money! We’ll update a new trailing stop on Monday.

Oil…technicians will be eyeballing 94.75-80 as support “the 50% retrace of the past 2 years”

USD/JPY… is attempting an OR day. We’re not going to take this trade today, however we will put it on our radar for next week.

For Glossary of terms and abbreviations click here.