[EDIT: 5/29/2007: I've reviewed these trades again, to get a fresh perspective on them now that I have more experience. These three trades really weren't all that great!]
Second day of profitable full-time trading! Two days is not enough to extrapolate, but if I extrapolate anyway, I am making about two-thirds of my old day-job salary. Not a bad start! I don’t feel overly stressed about trading for food, but I do think I’m being a bit more cautious than before. I need to work on that. As you can see, yesterday and today were mostly small scalping-type setups, and not bigger, more profitable moves.
I have started trading without Level II / TotalView quotes. I’ve read two books now (the second one being Elder’s “Come Into My Trading Room”) that suggest avoiding them. I have not noticed any ill effects yet, so I am going to keep trying it. An upside is that I am no longer as biased toward NASDAQ stocks. Before, I would stay away from NYSE because I didn’t feel right if I didn’t have Level II quotes (Scottrade doesn’t have NYSE OpenBook type quotes).
