Keep your head up, and watch those opening range breakouts. Risk is anywhere from 8 to 20 cents on the opening range on a 10 or 15 minute chart (usually), if it bounces higher, profit away, if not, your risk management catches you like a parachute. Trader Jamie has wonderful examples of buying a stock after it breaks it's morning range high, and continues higher. Thanks -CalTrader
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.
1 comment:
Keep your head up, and watch those opening range breakouts. Risk is anywhere from 8 to 20 cents on the opening range on a 10 or 15 minute chart (usually), if it bounces higher, profit away, if not, your risk management catches you like a parachute. Trader Jamie has wonderful examples of buying a stock after it breaks it's morning range high, and continues higher. Thanks
-CalTrader
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