I caught the morning sell off in some of the fertilizer stocks and then I caught a part of the reversal. MON was my best stock for the day. It had 3 swings down of around $2 each. I caught the 1st and 2nd leg, but did not play the 3rd. I made around $350 shorting it. I played AGU on the long side when the market reversed. I pulled in around $200 in AGU.
- 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.