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MASTERING THE INTRADAY MARKET

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MASTERING THE  INTRADAY MARKET   The survivalist trader needs accurate feedback on open positions to take advantage of directional movement and to guard against traps, rinse jobs, and other unwelcome surprises. The best way to accomplish this daunting task is by observing and managing exposure continuously in the intraday markets. While watching every tick isn’t a viable option for many traders, it’s the preferred management route whenever possible. The remote strategies outlined in Part Four offer a useful alternative to folks with real lives away from the financial markets or commitments that keep them from the ticker tape. In the real world, some positions will behave very well, while others go haywire and fall apart. This duality forces the trader to establish an adaptive profile that denotes the prechosen exposure and risk associated with all open positions. This macro control mechanism needs to match external market conditions which in turn require