I was a bit overwhelmed in the morning because my instinct told me to buy the gap down as things started to turn but it goes against my rules to chase. I just watched some stocks rip up over 5 bucks. I got chopped around a bit in the morning and was down a little. At around 12:45 CHE broke down. This was one of the stocks that I found yesterday as I was scanning through my charts. It looked like it will fill the gap in the daily chart so I put it on my watch list.
- 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.