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.
- 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.