Tuesday, October 30, 2007

Daily Summary


I guess the important lesson for the day is opportunity cost. Here I am trading stocks that are not really moving while all the shipping stocks have huge drops. One thing I did right is refraining from bottom fishing these suckers.

1 comment:

ainkurn said...

yea, bottom fishing on anything remotely commodity based is very tricky, especially on days like yesterday when the whole sector is being beat down

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.