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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 totake advantage of directional movement and to guard against traps,rinse jobs, and other unwelcome surprises. The best way to accomplishthis daunting task is byobserving and managing exposure continuouslyin the intraday markets. While watching every tick isn’t a viable optionfor many traders, it’s the preferred management route whenever possible.The remote strategies outlined in Part Four offer a useful alternative tofolks with real lives away from the financial markets or commitments thatkeep 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 constant adjustment through position choice…