Friday, July 20, 2007

Daily Summary

6400 shares
+24

I lost my discipline again. I was trying to go long when the market was selling off. Since I missed the sell off, I tried to pick a premature bottom to go long. I also went back to scalping again because I lost confidence in my entries. My bad habits came back once again.
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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.