Friday, July 18, 2008
I made some money this week but every day was a struggle. I am still trying to find some kind of strategy which I can comfortably take more size instead of my 100-200 share positions. I think there is a light bulb that is flicking on and off in my head. I need to get it to stay on. If I can put all the pieces of the puzzle together I may make some progress. I just got to keep going.
- 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.