Not much of an open in The New York Stock Exchange as rollover is starting to take effect. I can’t believe we are into the September contracts now – time is nuts. I felt like I really lost a month in May and I had to dig (again) into savings just to have a sense of comfort around the house. I really don’t want to have to do that at the conclusion of June but who knows what’s going to happen. I’m outside again as I type this post, the day is done and yet again, I have not performed to the standards that I would like to perform, especially given that today is Friday.
So I didn’t trade the cash open but I did trade the British Pound and boy was that overnight price move crazy. I don’t know what the hell is going on over there. Something about a snap election or something but all I saw was the chart and I figure I could get something out of it. I did and it was cool. I rode the contracts to wherever they were going to go and as far as I could go with them. Then I decided to trade Cocoa and promptly lost my gains in the British Pound and then some. There was a point this morning when I said that I might as well take my gains for today and just discontinue trading but I have to take the trades that I’m slated to take and even though it’s difficult, this is the best way that I can hedge my overall capital expenditures. If I start to cherry pick what things I trade and when then I will directly affect my alpha for the month. It works out more than it doesn’t which is fine but boy when it doesn’t work out I feel like I total loser – like today.
I write exhaustively about not wanting to go out with a red PnL on Friday and the feelings that I feel about that are no different today. It really really sucks camel sh*t to lose money on a Friday. The only consolation I have is that I only lost a few ticks on little size. Sure, that’s great and all but I still lost. There’s nothing I can do about it now except to suck it up and just relax for the incoming weekend.
It’s a nice Friday out here in the East Coast. I am listening to the birds chirping against a sunny but cool background of trees, sunlight and shadows. I haven’t thought about lunch yet but for some reason, I’m not really even entertaining it at this point. I’m content just being out here with a can of seltzer water. I don’t have plans for the weekend and it might be better this way. I will however, have unexpected thoughts about this past week that will come to overshadow the weekend – which is fine. I just have to make sure that it doesn’t interfere with the time I have to make it a good weekend. I have all this free time coming up so I’d really like to make sure God knows I’m thankful for it.