morning traders 3/09, page-246

OT

I have been doing this for a living for about a year and a half now and my first year (previous FY) was pretty shocking overall, and I had more bad trades than good... the only thing keeping me afloat was my somewhat decent risk management, and even despite this I was pretty close to blowing up my account a couple of times

But something happened towards the end of the previous FY (April/May) and things started turning around. It really just boils down honing in on a specific trade setup that I seemed to do well and at the moment I seem to be finding a lot of those setups. I do have an intraday scanner, but mostly I trade on a techno-fundamental basis, eg. building a 'hitlist' of stocks based on their FA and manually screening them on multiple timelines for possible setups each day. The list has grown over time and thus is presenting more opportunities