Wednesday, September 05, 2007

Daily Summary

7000 shares
-108

I was long 400 DCI at around 40.41 and the it ran to 41.19. I let greed get the best of me again. I didn't take my profits. When the stock reversed quickly I tried to get out at 41, but it dropped fast. I ended getting out at 40.45. I did not catch anything else after that.

5 min chart of DCI
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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.