The New York Stock Exchange started off a little hesitant this morning but while I wasn’t overly comfortable with price action, I felt like there were enough price points to perch orders from and that’s exactly what I did. I didn’t get to read the Wall Street Journal this morning as I wasn’t in the mood to look at the paper. I haven’t been in much of a mood to trade or do much outside of house stuff since last Friday. I guess after all of this, I am still trying to emotionally collect myself.
I did an overnight trade on the Euro as I saw a good opportunity to get into the market but it didn’t move much by the time I woke up for a brief drink at around 3 in the morning (maybe 4). I figured the market wasn’t going to move so I took whatever I had and just went back to bed. I wanted to trade more things this morning but it just looked like there was nothing else in terms of different assets that would move so I just settled myself into the cash open and traded it as best as I could. While things there weren’t all that productive, it was still positive so in the end I have to be thankful for that.
Trading is not an easy business. I know that this is said over and over again but the reason why it’s so emphasized is because you can do all the right things and be in the right mindset and lose…over and over again. I have seen people with nicely trim and thought out strategies blow through thousands of dollars just because the markets weren’t conducive to their strategies. Winning is hard which is why I am thankful to God that I not only have the mental elasticity to proceed through this endeavor but the financial elasticity as well because being capitalized is 80% of the game – intellect accounts for nearly nothing. I know it’s hard to hear but it’s the truth. Anyway, I’m tired. I just want to do some mindless online shopping and sleep off the rest of the day on the couch next to the wife.