My trading was bad in the morning. I was taking it slow and took a couple of small hits. Then I went on tilt for some reason. After three trades I was down over $500. It was bad because I took a 500 share market order in MDR and got filled near the top of the range. Then I sold for a loss and went short at the bottom of the range on 500 shares. I covered at the top of the range again. It is good that I came back, but today is definitely a good trading day. The dinosaur loves days like this and he should have raked it in.
- 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.