Today was a decent day. I made some money shorting the fertilizer stocks. I also had a nice $130 gain in a long in BDX when it broke out of the opening range. I thought the stock had more room to go but when it stalled at 85.50 I got this impulse to get out and it turns out to be right.
- 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.