Thursday, August 20, 2009

Daily Summary

10800 shares
-105

I was doing ok early on with a $100 in profits and another $100 in unrealized profits. At around 9:55 I went into DKS near the highs and lost $100. I thought the stock was going to break out. The stock fails and promptly reverses. I had 200 shares of HAR at 28.49 and was going to let it run. Stock goes up to 29.12 and spikes down 60 cents. I punch out and all my profits for the day were gone. I traded some more and ended up losing $100.
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About Me

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.