I had a nice trade and was up over $350. I had 600 shares of HMN at an average price of 19.12. The stock rallies to 19.70 and reverses. I thought it could touch 20 so I held on when it retraced. I end up getting out at 19.28. Then I just chopped myself around because I was in a bad mood.
- 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.