The New York Stock Exchanged traded fast out of the gates this morning. I have no idea why. I just saw it stutter a little bit before getting its grip on the pavement and we were off to the races. I decided today as well to size up because I felt like the markets were primed for some type of move. I personally love easy days like this where EVERYBODY can make money – it makes the job a little more palatable and I have the freedom to decide whether or not to take Friday off.
I only took two assets to trade today because I felt like what I’d be doing in size in the cash markets would be enough. I waited for a couple of minutes and got kicked around in the ES before dropping it like it was hot on a nice shorting opportunity. We all know where the market went after that. So I booked profits and traded the British Pound. That particular trade could have worked out better but I just felt like I didn’t want to let the market keep hobbling around so I just decided to close out the trade. I got 6 or 7 ticks on my default size so it’s nothing to complain about but nothing to write home for either. Nevertheless, I am thankful. Before the opening bell went off, I had that old familiar feeling of fear about what I was doing in the market but I settled myself remembering that the day can bring anything – positive, negative or break-even – and that it’s up to myself and only myself to react to it in a proper and PROFESSIONAL way. What is a professional way? Basically, you don’t flip your shit and you take your losses fast and you take your losses small, you recognize where the risk is and where the danger zone prices are and you are all peachy. You get this through learning about the market, through experience and through a willingness and humility to experience this dumb field that, for some reason, I never get out of. It’s like a toxic marriage that works. Yes, I really am describing trading to that.
I’m thankful though because trading has brought me a lot closer to God (especially on the days where I fuck up my account). And I’m not talking about that New Testament crap either. I’m a big believer in the big JC (Jesus Christ for the non hip) but I don’t really buy the lovey-dovey crap. Just give me some of the Psalms and Proverbs, ye Quartermaster and I’ll be on my way (+1 if you get that movie reference). Anyway, I’m thankful to God that I have this experience and that I can make the type of decisions that I make when I go head to head with my own stupidity in the market day. It’s such a hard and competitive business that it is a struggle to stay thankful but you also have to be careful not to get lulled into that ignorant good loser mentality about stops protecting your capital. This is something that I had to learn the hard way and I’m thankful that I did. Ok enough of my rambling. I am late in putting up this post because I decided to watch Alien: Covenant trailers and am trying to decipher if David the android for real dropped those pathogen canisters on the Engineers gathering below the newly arrived ship. It’s nuts. But again, the fact that my lazy ass can lie on the couch and deliberate about these things whilst holding an Apple tablet so light that it might as well be an imaginary toy if I were back in the 90’s is really nothing short of a miracle and a testament to how fortunate I’ve become after realizing that in the grand scheme of things, I really have no idea what the hell I’m doing nor am I grounded in some type of admirable intellect. I’m just a dumb fool that’ll be eating a Chipotle’s later this afternoon with a fiancee that miraculously likes staying with me and a PnL that cooperated for today.
It’s cool. I’ll take that. And even though I want more, I’m going to be extremely thankful for this moment.