Wednesday, April 23, 2008

Daily Summary


There are a lot of earnings this week. Today I had a list of around 18 stocks. I had a long in R which did not reach my target. I was looking for a $1 gain. When the stock stalled at 66.50 and sold off I panicked and got out. I was scared of a reversal. I was down around 70 bucks until I caught LII and made a come back.

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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.