I traded the fertilizers again today and made most of my money in the morning. I was not able to see a breakout trending day in those stocks so I missed most of the move up. I did catch MON with a 100 shares when it broke out of it's opening range and made 1.80 on the trade. I was up $700 at my high. I later gave some money back when I tried to scalp some bounces on those stocks. I was being greedy.
- 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.