Friday, January 25, 2008

Daily Summary


I had a nice short in GWW when it broke the 15 minute opening range low at 78.70. I covered my 200 shares for around $1.23 profit. Other than that trade I did not catch anything good.


dawger said...

How do you decide what you're going to try to focus on when you're trading? I find I'm trying to spread myself to thin!

OBAT said...

I usually try to find stocks that are setting up in the daily chart.(breaking out range) Then I'll watch them during the day to see if they have some action.

Lately I've been lazy so I just watch the stocks I have up on my charts like the Agricultural stocks.

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.