The New York Stock Exchange actually opened up with some type of vitality this morning, but it was short lived. Sure there was a move but it was that flashbang that set off the morning that was very exciting. I would like to think that it will portend bigger moves to come but with this market, I know that I have to temper my expectations even if my intellect tells me to go full in. I’m writing for trading, not market punditry.
Too bad though that I wasn’t able to make heads or tails of much. In the very least, I took my ticks and I moved on. Luckily I had size so even though the trades were small, I secured a healthy profit. Had setups for Wheat and The British Pound, both looked promising but in the end I was only able to cover commissions for the trades.
This is a new day for me, as the title suggests, because I’m going to be writing in this new blog where I can follow bloggers that I like more efficiently than the existing Chrome browser bookmarking system that I have. With more and more people moving to WordPress, it just makes life a heck of a lot easier. For blogs about trading, it’s really like sifting through siltwater to find the gold but once you’ve amassed a certain amount of bloggers, the reading list actually becomes quite fun and relaxing to go through on an iPad Air 2. The only caveat is that you hope all of them keep posting. Incidentally, I wonder how long I can keep this new blog up. I had one back in 2012 and even though it was tons of fun to write, I just somehow got distracted towards the end of the year and never really continued. I tried a WordPress site like 6-8 months ago but then I lost my password and account info to that. With this one, I’m going to really commit to it and that means writing my info on pieces of paper so I don’t lose it and making an effort to write as much as possible.
I’m really lucky that I was able to trade the way that I did and that I made the decisions to get out of bad trades before they spiraled into something worse. When I was younger, I would make shitty wagers like that but age and experience teaches you that it’s better to just leave bad trades so that you can move onto the next one. I really am fortunate that I can trade like that and I thank God for giving me that ability. However, I know that there’s always more work to do.
You just want that final PnL number to be green at the end of the day.