On Friday mornings I talk about how the Fed rate hikes hurt banks. Friday evening I put out an order to buy one.
That’s systematic trading. We don’t have any preconceived notions about anything. If there is an edge there we take it.
How to place it: enter a BUY LIMIT for C at $127.82, sized at about 5% of your account, good for the day only - if it never fills, it cancels itself and there is no trade. Sell at the open on Wednesday, September 23 - two full trading days in the trade, then out at the next bell. Set a dated market-on-open sell for that date now and the exit happens without you.
