Friday, March 28, 2008

Daily Summary


I had many losing trades today. I could not get the direction right and I have no conviction in my trades. I am going to end early before I dig a deeper hole.


LiggerPig said...

hi OBAT,
You've done very well these last two weeks to conserve your energy and preserve your account.
It's all too easy for traders to make the wrong decisions when, in fact, they should call it a day.
The market always rewards traders who can still be there, fresh and focused and I've no doubt your trading will soon become amazingly easy again.
Keep on keepin' on,

The Average Jay said...

Hi OBtrader. I enjoy reading your blog. I started a blog too as a qay of stay honest on my trades. .I don't have man people who read it if you get a chance to take a loo at it and leave me some feedback as to what you think? Thanks and good luck on your trading I will subscribe to your blog. Jay

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.