Friday, November 30, 2007

Daily Summary


I think there were some really good opportunities today. I just did not have the courage to go short this gap open. I had some quote issues in the morning and I was busy fixing my layout. My mind was not focused on trading and I lost over $150. I came back by catching a short in MON. At around 10:45 I shorted at 98.50 and covered at 97.03. It was a good trade but I only had 100 shares. I was then up $150 after some more scalps but gave it away in JCG.


Sanglucci said...

OBAT what up man.... yeah I been trading for about 7 months so far... still the beginner you know I work at this prop firm basically we're tape readers over there some mess around with charts... I basically just look for weakness and strength and try to get good entries...I scalp A LOT lately I been trying to hold on to things for longer than shit like 30 minutes but this choppy market ain't helpin...

Denarii said...

OBAT- I might have asked this question before but you talk about trading positions with 100 or 200 shres but your share totals are over 10k. I do not got it. Why so much volume?

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.