I chopped myself up in the morning and was down around $170. I took some 300-600 share trades which did not work out so my losers were larger then usual. I caught a nice winner in CNQ later but only had 200 shares. I went long at 73.65 and got out at 74.50 and 74.53. That trade brought me back to break even. I traded lightly afterwards but did not catch anything.
- 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.