Another loser for me. I made a lot of beginner mistakes. I was bottoming fishing, holding on to losers and chasing trades. I feel like I am out of control. Even though I have made some rules for my entries I keep taking trades that do not match my rules.
- 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.