Wednesday, February 07, 2007
Three good trades and no big hits
CCJ was nice. Fast and sweet. I don't get trades like this often. I hope this is a start of a trend.
HMN was also nice and smooth.
DF was tough and it tested me when it dipped. I am trading small so I am able to withstand the wiggle. If I was scalping I would have 500+ shares and that would have shaken me out. I don't think I would go back to scalping now. I am beginning to like this style of trading.
I made $600 today.
- 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.