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.
- 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.