Friday, December 08, 2006
I am negative for the month after today's $110 loss. I cut my size down to only 200 share positions. It would have been worse if I traded with my average size of 500 shares. I am going to work on getting my consistency back next week. Staying with small size until I get it right again.
- 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.