The New York Stock Exchange was in complete weirdo status today given the fact that the market is hanging on almost every word that James Comey is uttering. Whatever. I could have chosen not to trade it, but I chose to dance with the wolves so now here I am with commissions barely covered and thinking of clever titles for this post that would describe how the day went for me.
I traded Wheat in the early morning and through sheer luck was able to capture a nice little move on size. In retrospect, I should have stopped there but for some reason, I just decided to keep going into the New York cash open. I was hoping for one or two good scalps there but from the moment the opening bell rang I just made a mess out of things. Up was down, left was right – you know how that goes. In the end, I made out losing a little bit of money but I was like, “it’s cool, I’ve still got the PnL from Wheat”. I really really should have just stopped there but then I had a trade that I needed to take with the 30YR and that’s when all the shizzle hit the fan. From the moment I got in, the market just went against me. I will spare you visceral image but in the end, I watched my total PnL go from a beautiful shade of green to the type of green that makes you wish you had a time machine to take you back to when you made the decision to trade something when you should have just stopped for the day.
When I say I barely covered commissions today, I mean that I didn’t make any money….at all. I have just lost a day in this month.
So what is there to do after a day like today coming from a week like this? Well, it’s obvious that I am on survival mode a la The Revenant or when Jason Bourne is trying to get out of the US Embassy. I decided that I’m just gonna try and keep my mind off of work as much as possible and do other things in my life well today. I played waaaaaayyy too much Halo yesterday and even though I can technically play Madden or something, I just don’t want to waste too many hours in front of the TV when I could be doing something marginally more productive. It feels like crap to not do well in the markets but that’s just the nature of the business: sometimes you’re doing well, sometimes you stink it up. It would have been nice if the east coast was getting the type of summer weather it should be getting by now but instead, we gotta wait two more days before we hit the 90’s (32+ Celsius for you guys outside the US). I really want to hit the beach or something because with my schedule, there’s really no one at the beach even during summer school vacations. I think I’ll go grill something and take it from there.