Monday, March 03, 2008

Daily Summary

8800 shares
+150

I had a great entry in NEU but I got out too soon. Then I went back in at higher prices and with smaller size for a few more scalps only to make a little more. I traded cautiously today and I am glad I did because other than the quick spike up in the morning which I missed, the rest of the day was quite choppy.
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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.