Excellent day today. I have been watching the fertilizer sector for the past couple days and today they finally broke. First it was the shippers, then the techs, then solars, now they are taking down the fertilizers. My biggest winner was CF for $691. I am still trading small so I only took 300 shares short and made money on the 2nd leg down. I stepped away the last 2 hours and I see CF made a 3rd leg down.
- 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.