Thursday, April 24, 2008

Daily Summary


I had a sloppy morning today. I got caught in a failed breakout in LTM. I was in 200 shares at 34.10 and the thing just reversed hard. I lost 80 bucks when I got out at 33.70. I went through a bit of a choppy period and lost $200. I made a come back and some extra cash later when I caught a short in WCC, longs in SSP, BCR, and a small pop in CMG.

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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.