Thursday, February 07, 2008

Daily Summary


I caught DE and CLF short in the morning. I only had a small position because I have not been trading well the past few days. I got to work on building my confidence in taking larger positions when I feel confident about the moves. Late afternoon I gave up $100 trying to pick bounces in the fertilizer stocks. My problem is freezing when the price turns against me and holding my loss to long.


Bubs said...

Nice day today! Your good days are much better then your losing days. I have a problem where I will make $200-$300 for a few days and have blowup day where I give it all back.

OBAT said...

Last month I had a blow up day and gave up over $900. The thing about these days is I can see it coming. I start out with small losses and nothing seems to work. I get frustrated and I over trade. I put on big positions( gambling plays ) and end up losing more.

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.