March 21, 2014 - MDT - Oil

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.

Position: Short Oil Futures @ 100.20

We were filled on buying 2 shorts (1/2 the position) back in @ 99.70

Buy 1 Oil Future @ 2:58 CDT..this is just as the NYSE closes stock trading.

This leaves us Short 1 Future or 25% of our original position.

Place an all session order for Sunday night to

BUY 1 CLEK 100.20 Stop

1) You are now canceling your OCO order

2) You are Buying 1 Future or 25% of your short position just before the NYSE close.

3) You are placing a trailing buy stop for the remaining 1 Short Future Contract to run Sunday night into Monday.

For those of you who do not wish the weekend exposure, Buy both shorts in and have a nice weekend

January, 2014 MediumTerm Outlook-1st-qtr-2014/

For Glossary of terms and abbreviations click here.

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