Wednesday, December 19, 2007

Daily Summary

7400 shares
+868



I had a good rhythm today and got the direction right. I caught the morning spike up on the long side in MOS and TRA. Then at around 9:50, I noticed that AGU was having trouble so I shorted it. When the fertilizer stocks made a lower high I figured there could be more downside. Later on I caught a nice short in MON for 1.40 on a 100 shares. I also had some other scalps that added nicely to my gains. I think today I traded pretty well and my win percentage is pretty good. My win rate is usually under 50%.

Here's my win rate for today:
# Win Trades: 25 Win %: 69
# Loss Trades: 11 Loss %: 31

4 comments:

akalawoo said...

Well done on the Smelly stock... haha im looking at them for a short term trade.

Agu seem to be going down.
Mos still look good
Mon too ...
CF is freaking good ... but going sideway ...

So nice to see you scalping them...
Keep up the work...

Financial stock hard to scalp nowadays ZzzZzz

hrgreen said...

Great job, I think since you changed the name way back when, things are definately changed... Keep it up....

Glenn said...

Kicking it!!!

ainkurn said...

glad to see you're on a winning streak here. i was trading some MOS yesterday also. got forced out of my short on sideways action just before a 3pt drop.

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.