The New York Stock Exchange was rumbling and zig-zagging pre opening bell. This type of price action usually portends a good move in either direction but today, the market didn’t move all that much outside of the gate and I just decided to make some quick moves before bowing out of the action. I can see now that the Dow is down 108 so I guess I must have missed something but it doesn’t really matter at this point.
I traded Orange Juice this morning and as much as I was dying for prices to push so that I could get some more into the PnL, it just wasn’t happening. I had squeezed all of the ticks I could have squeezed out of OJ and exited for break-even. The cash open wasn’t all that much of a difference as I tried to get whatever I could out of the indecisive open. There were gains, there were losses but overall, there was just me cursing under my breath as I realized that I was wasting commission dollars. I want money all the time – but today just wasn’t the day I was going to get any.
I have done nothing all week except for some personal bank accounting and stocking up on beer for the upcoming 4th of July week. I haven’t even played a single minute of video games although that could change after I type this post now that the idea is in my head. The thing is, I don’t know if it’ll be worth trading the market tomorrow. I might do an overnight on a currency but other than that what would be the point? Everybody’s leaving for the Hamptons or Wisconsin (for the Chicagoans) and there’ll be nobody left. Ok, that’s a little extreme but you get my point. There’s a part of me that wants to take Friday off but there’s also that stoic-puritanical-quaker part of me that says I need to wake up and be at my desk for the market open tomorrow.
Nevertheless, today was a mixed bag. I’m just satisfied that I didn’t crater my account but I’m peeved that I didn’t make money. I want to sit back and have a 6ft diameter tube funneling $100 bills to me 24/7/365 – that’s the dream. But until then, enjoying this beautiful late June day will do.