Things were working great today. I was in the right trades at the right time. I started off with a nice win in HUM for $146. Then I made some money in MF. I got 600 shares when it broke 30 and was out around 30.28. Starting out with good trades definitely helped me to trade better and I added gains steadily till the end of the day.
- 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.