Friday, August 31, 2007

Daily Summary


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.


Anonymous said...

Look the look of your esignal charts. How do you like esignal overall ?

Anonymous said...

I meant to say, " Love the look of your charts"

OBAT said...

I am satisfied with my esignal service. I probably use less than 30% of Esignal's capabilities. If Esignal were to lower their price I would be even happier, but they have been increasing their price yearly. I haven't tried other data providers or charting software yet so I can't make any comparisons.

I think one thing great about having esignal is I have two data sources including the one from my broker. Sometimes my quotes in my trading platform would be delayed so I have to rely on esignal quotes as a backup.

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.