I made some money going long KCI in the morning and decided to call it a day. It has been a long time since I had a $100+ day. I was watching the fertilizer stocks and got a feeling that they will reverse. Awhile back I remember making money playing these reversals. Now I am scared to take these trades. Maybe after some more green days I can play them with small size.
- 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.