I was down around $130 in the morning after getting chopped around going long. Then I found my play in GES, a break of 55, but I took profits real fast because I wanted to be flat. Stock continues $1.50 higher after I get out to a high of 57. I took a break since I was up $25 after getting out of GES. I started trading again around 1pm but could not catch anything. I took a bunch of trades without really waiting for good setups and got chopped up.
- 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.