Trading was much better today. My opening range breakouts finally worked. I think it is because the market broke out of a downtrend today by breaking over previous day's highs. I was trading MTL, NUE, PX and they all had nice moves. Too bad I only had 100 shares of MTL and NUE. I made around $1.50 on both. I made 50 cents on PX with 200 shares.
- 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.