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.
- 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.