Wednesday, August 29, 2007

Daily Summary


I made some money on the long side in DY and BEN. The market was strong today and almost made up most of yesterday's drop.

Look at the head and shoulders pattern on the Vix in the 15 min chart.

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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.