Friday, May 09, 2008

Daily Summary




I had a good week last week, but this week I find myself trading defensively again. This has helped me some what because I am very skeptical about most of the moves. I kept my focus on stocks with earnings and stayed away from trading other stuff. I haven't had much success trading them for the last month or two.


Dinosaur Trader said...

Hey, hope everything is cool there after your quake...


OBAT said...

The quake shook me out of bed. Felt like it went on for more than 30 seconds. If it went on any longer I would have to run out of the house in my underwear. Every thing is cool.

Roman said...

Pretty good returns , whats your irr?

OBAT said...

What does irr stand for?

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.