Looks like we did not get a capitulation day yet. I was expecting a reverse head and shoulders reversal and the market to close green. During the day I did not see much selling in the stocks I traded. They seem to be only trickling down. Looking forward to be a little more aggressive when the reversal day comes.
Friday, October 10, 2008
One of my better days in a long while
I think there's going to be some big numbers DT's RO. I made $1100 today, effectively coming back from my bad week at the end of September. I made half my gains from going long in the late day rally. When my Esignal Nosignal crapped out I knew volume was exploding. I had to rely on my basic charts in my trading platform. They were a life saver. I was in early and there was this voice that told me to get aggressive and take some size. I did not do it and only took 100 shares of FLS and 200 SPW.
Looks like we did not get a capitulation day yet. I was expecting a reverse head and shoulders reversal and the market to close green. During the day I did not see much selling in the stocks I traded. They seem to be only trickling down. Looking forward to be a little more aggressive when the reversal day comes.
Looks like we did not get a capitulation day yet. I was expecting a reverse head and shoulders reversal and the market to close green. During the day I did not see much selling in the stocks I traded. They seem to be only trickling down. Looking forward to be a little more aggressive when the reversal day comes.
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About Me
- OBAT
- 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.
2 comments:
Congratulation on the $1100!
congrats
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