Wednesday, November 22, 2006
I was trying out a new personal finance site called Wasebe. I uploaded my credit card statement and in a second I got a summary of how much I spent for the month. Next I tagged each merchant with descriptions like dining, gas, home, etc. I got a summary of how much I spent in each category. This site looks very promising. One of the cool ideas they have is having a user community who share tips with each other. In a way it is similar to digg and delicious.
- 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.