I was pretty frustrated today because there were good moves on the long side and I failed to catch them. Instead of going long I kept trying to pick a top in the fertilizer stocks and lost money. I was down 180 at my low, and was negative for almost the entire day. I made a come back near the end of the day. I guess I am just a little confused about today's action.
- 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.