Wednesday, January 30, 2008

Daily Summary


I made all my money in JLL. I went long when it took out the 15 minute opening range. This was a nice dummy setup. I had 400 shares under 75. The 15 minute chart looks pretty nice and would have offered close too a $2 gain. I was paying more attention to the 5 minute so I got shaken out of most of my shares. It looks pretty easy after the fact but while I was in the trade I was pretty worried that the stock would reverse and take all my profits away.

I see that there are some crazy moves in the Ag stocks after the fed cut. I was happy with my gains so I stopped trading before the Fed decision.

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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.