After 2 weeks of watching earnings stocks run up 2-3 bucks from the open, I finally caught one of them. I had the golden touch today and most of my trades are winners. My total losers only added up to $55.
ASF was my money maker. I took 400 shares and rode it up taking partial profits along the way. If all trades move this fast then trading would be easy. I made 761 in ASF on 400 shares.
I also made some money in TRN, MGA, MSA and N in the long side.
- 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.