July 10, 2014 - MDT - AAPL 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.

We've been looking to get back into AAPL on a puke.

I liked that we made a new low for the week and bounced.

Depending upon when you opened your alert and you pressed the buy button, you bought between 94.10-25.

I'll be using a 92.65 stop on close for risk management.

This is a pretty tight look at this area.

The thesis is that the U.S. will discount the European drama this afternoon, and the markets will find footing in the afternoon session.

If I'm incorrect we'll get a look at AAPL another 4-5% lower in the high 80's

Sell AAPL @ 92.65 Stop On Close GTC!

 

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