Monday, November 26, 2007

Daily Summary


I had a good start and was up close to $300. I kept trying to short when the market bounced at around 11:15 am till 1pm and got chopped up. When the real drop came I lost my will to trade it because I did not want to give up what's left of my gains.

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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.