The New York Stock Exchange opened so tepidly this morning that I wonder why I even decided to take trades on the cash open as a whole. It was one of those mornings where I had to look at the screen and wonder if my connections were good because that’s how slowly the markets were creeping. I guess it had something to do with the French Elections because my lingering suspicion was that the market wasn’t overly approving of Macron. Still, it’s nice that this issue is out of the way and that the market can do whatever it’s going to do. But again, I don’t waste my time on geopolitical punditry. At most, I can waste a sentence or two on it. This is all about trading.
After seeing how grossly sloppy the market opened, I took a couple of trades on the Dow and the Nasdaq. It was a slobfest; a loss here, a gain there which produced a PnL more twisted than a F1 car wreck. I had taken an earlier position on Wheat and that didn’t work out at all. I was thankful that I didn’t get stopped out even though I incurred a loss. Then I tried Cocoa and that didn’t work out either. Nothing really worked out as I was looking for more action so much so that I even considered trading the 10 or 30YR. In the end, my PnL was just too down that I didn’t want to risk anymore capital in the open market. Today was just one of those days were I just flat out lost.
However, I’m glad that I didn’t lose on my entire PnL limit. It’s a small consolation and you know that I’m not a good loser – in fact, I’m a very ugly loser. I just don’t like to lose anything whether it’s checkers, Madden, or in the markets. I just don’t like losing because in my mind, if you’re comfortable losing the market is just gonna keep hitting you and hitting you. So whenever I have days like this, I just mentally give the market the middle finger and figure out things that I’m thankful for in my life – and I do have alot to be thankful for so it doesn’t look well for me to act like an ingrate. I have tomorrow to make money and if I don’t make money tomorrow then there’s the next day and the next as long as I take care of my capital and I don’t let the market shove its foot down my throat. I don’t know what action there will be tomorrow but I know that I’m going to be involved in it.
I’d like to take this time for the last paragraph of this post to appreciate where I am at this moment. Things aren’t bad, but things aren’t really that rosy either. I’m just glad that I’m alive and that I’m experiencing decent things. Even though there’s stress, I know that these things will pass so it’s up to me to get my own sense of perspective on things. I don’t know if I’m happy – especially after this morning’s trading – but I do know that my heart is in a peaceful nook, as if it’s settled on a cloud and I can sorta wait things out.
Hope y’all are having the same type of day or that the week has started like that for you.