This week was tough. Every day I struggled just to break even. I had no confidence with my trades and every time I entered I had a feeling I would lose money. I need to review my rules again because I am trading without a plan right now. I think that is why I feel so lost.
I was going to take the day off, but got drawn into the morning action. Since I was trading half heartedly and with fear I lost money.
- 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.