Today was a wicked day with wild moves, but I was fighting with a loss for half of the day and I was trading scared. STT had $30 ranges. I saw the stock earlier on my TI filter but didn't watch it. Later on I see it down like 25 bucks. My esignal has been freezing constantly today. I should have an esignal indicator because it called the reversal of the market. My charts froze for almost the rest of the afternoon after the market made the sharp V reversal. I am looking for another charting service. Any suggestions?
Even if my charts worked perfectly and I do an honest assessment of myself, I probably would not have the guts to make good money today. I feel something is off with my trading lately. I don't know why I have been missing the out on this wild volatility. I ended the day with a measly gain.
- 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.