October 17, 2013 – MDT – IBM & GS Follow Up

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.

IBM… is good as long as it holds above 169 close. I started a position not knowing what the exact low was going to be, only that we were getting close.

169 Stop Close only

GS…as long as this maintains above 154, the 200 day mvg avg, I’m friendly. This is a company that will keep you as a client as long as they make money from you!

154 Stop Close Only

You need to buy when there is blood in the water.

I think those earnings qualify.

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