November 13, 2013 - MDT - TBT Order Adjustment

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 have a resting order to buy TBT @ 76.60 GTC. Good Until Canceled.

This could possibly trade down to 76.20 today into tomorrow.

Adjust the order....

Reduce the size of the original buy TBT @ 76.60 GTC by half.

Place another order to buy an equal amount of TBT @ 76.20 GTC

You will have 2 working orders.

We're scaling into the Long TBT again...By buying 1/2 our position @ 76.60 and the other 1/2 @ 76.20 where we have a lower risk trade.

The idea here is to at least get a little back on.

This will effectively leg us into a SPU/BOND spread via double leveraged ETF's..

We bought the SSO..the Long Equity side Friday.

Now we're trying to get back into the Short Bond side again via a Long TBT

Long Stocks/Short Bonds.

This is a Risk On Trade.

For Glossary of terms and abbreviations click here.

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