An NYSE Scalper's Tale - A Trader's Diary

Friday, March 31, 2006

A Ho-Hum Day

Gross: +$456.97
Net: +$377.73
Loss From Top: 0
Trades: 53
Shares Traded: 67560

Stocks Traded Today (net profit/loss):
Corning (GLW): +$118.99
General Electric (GE): +$101.89
Disney (DIS): +$47.64
Walmart (WMT): +$41.27
Bank of America (BAC): +$37.07
Home Depot (HD): +$30.84

Not much to say about today. It was another day with few opportunities and the overall market was fairly choppy. I was also able to avoid trading when I shouldn't trade and I found that when I was in a position, I often had to get out for 1-cent winners because of the choppiness.

The best trade today occurred shortly after the opening bell. When the market opened, I was watching General Electric (GE). Then at around 9:33AM, I tried to get long when GE broke the $34.75 resistance level, but I was not able to get shares. But then I saw another level at $34.80 and when it broke, I went long 4000 shares. Got out as follows: 2-cent winner (2000 shares), 3-cent winner (1000 shares), 4-cent winner (1000 shares) ($110 profit).

Aside from that trade, I took mostly 1-cent and 2-cent winners here and there.

Later I will post my statistics for the entire month of March...keep an eye out for it!


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