I was trading very conservative today. It's a Friday before a 3 day weekend in the month of August the slowest month of the year. I thought it would be a light volume choppy day. With that mindset, I didn't take some trades because I was skeptical. There were some nice moves today. I was about to pull the trigger on EXM when it was taking out the offer at 40, but hesitated because it looked too easy. Turns out too be a great move.
- 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.