I made a bunch of mistakes which cost me some good profits. I had 50 cents profits in both HRL and SJM on my 300 share positions but ended up making nothing. Most of the time when I let my trades run they come back and I lose my nice profits. Then the trade that I should hold on I take profits too soon because I was afraid it might do a HRL and SJM on me. Look how CCU ran.
- 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.