Monday, July 16, 2007

Daily Summary

2600 shares
+102

I caught a nice JCI long in the morning, but I got out a buck to soon again. I gave back some gains later on in the day when my long trades in LVS and TXT failed to work.

2 comments:

Eric said...

What share size do you normally use when you are scalping?

Eric

OBAT said...

I am not scalping any more these days. Scalping is a lot tougher since the hybrid so I am learning a new style.

The JCI trade was a dummy trade. I bought 100 shares when it took out the 2nd bar high on the 15 minute chart. I am just doing 100-200 share positions for now.

About Me

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.