Bulk of my profits came from a trade in MDR. I bought a 100 shares at 84.30 and sold at 84.90. I thought of holding it but decided to take profits on a wide range bar in the 5 minute chart.
update: I made a mistake on the # of shares and net. I traded 1600 shares instead of 400. My net is $63 instead of $69.
- 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.