Tuesday, November 27, 2007

Daily Summary


I did not have a feel for the markets today. I was trying to go long in the morning and lost around $180 after a few trades. I wanted to catch something so bad when the market was ripping up I took some impulsive trades. At 10am The market reversed and I had some small shorts which helped me recover most of my losses but then I chopped myself up again trying to get long after the reversal.

1 comment:

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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.