The New York Stock Exchange opened up briskly this morning which was a relief for me. But it couldn’t follow through on any direction except staggering downward. I guess this is the summer doldrums. There were a lot of things going on for this month and I faced an unprecedented amount of distractions and obstacles just to trade. I am welcoming the prospect of having a very quiet and uneventful summer but when I say uneventful, I would like the events to be welcome events and not so much unscripted that they just blast the shit out of all order and organization. I am definitely a control freak.
I traded with low risk as I said I would for this week as I don’t really have a grasp on the market. I’m thankful I did so because I just couldn’t make heads or tails out of anything outside of the cash open – and even at that, I couldn’t even jog the necessary number of ticks for myself to get green. I scalped the cash open with just the NQ’s today because I just felt like the ES and YM were moving a little too slow. The only other trade I went with was Orange Juice and that was what did me in. It looked like I was going to make some money but towards the tail end of the trade, the market just squeezed me out as if it were making juice out of me – which it eventually did. All in all, it was a negative day and a horrible precedent in terms of getting back on the trading horse. It just means that I’ll have to be extra studious this weekend in preparation for Monday.
I know I say that I don’t like going into the weekend on a negative note but the good thing about today’s trading is that I only traded one contract per asset and while I got crushed on OJ, the loss wasn’t crazy enough to really sting my pride. I mean, it did but it’s a heck of a lot better than getting crushed on size. So I’m thankful for that. I’m thankful for a lot of things today. The fiancée and I are still really really tired from last weekend and we’ll probably just stay in the house and watch Netflix or something. That’s the cool thing about having a fiancée, now I can invite her for “Netflix n’ chill” and she can’t shoot me down or put me in the friendzone.
Now THAT is a victory.