Wednesday, October 18, 2006

Nice morning

I had a nice morning. I caught some nice fast pops in two stocks during the open. After the open I stopped and watched most of the day. I did not see any other moves the whole day. I would have been chopped around if I traded. It is always good to make some early money. That way I would not feel pressured to make money during the day.

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About Me

I have been trading for 5 years. It took close to a year before I became profitable. I find that I am improving gradually each year. My method of choice is scalping. My edge lies in tape reading NYSE stocks and staying on the side of the specialist. That is the method I learned when I started. As I build up my capital I will try new styles and trade new markets. In late 2006 my trading hit a rough patch after the introduction of the NYSE Hybrid system. For most of 2007, I have been on a search for new strategies that would help me adapt to the market.