The New York Stock Exchange has been more energetic lately than I can remember – and that’s a good thing. This is where people make money. You can’t make money in contracts and markets that are stagnant and don’t move. Unless you are one of those guys trading cars of Eurodollars, then it’s pretty cool if you’re in a market that rarely moves big but for the rest of us including myself that have to slave away in the salt mines, we need markets that move.
The cash open provided me with ample opportunities to make money and even though I had a couple of bad reads in the opening minutes, I traded the markets well enough to come out productively ahead of all business costs – something I am very proud of. Additionally, I traded Wheat this morning and like the cash open, I did have a point where I wasn’t making good reads but after I had solidly positioned myself, I was able to make a good profit and do it on size. Overall, today was a great day. It was beyond productive but of course, not the stuff dreams are made of. But who cares, right? It’s Friday and the best thing that you can do for yourself on a Friday is make money.
I’m not going to lie – I really needed a day like today especially being a Friday. I felt so crummy about last week and trading for the most of this week just wasn’t helping me so when I closed out the PnL for today I was relieved and joyous. I can go into the weekend with a more relaxed state of mind and more conscious of myself. It’s not like I wasn’t doing that last weekend but when you’ve got the weight of a negative PnL on top of personal obligations, it tends to color the way you interact with the world – I’m just being honest here. I’m not a motivational speaker type of person and I always felt like that schtick was disingenuous at best. I’m a human being and sometimes shit gets real with me. Nevertheless, I am thankful to God that I can enjoy this day and go into the weekend in this manner. It’s hard enough to profit in this dumb business so I’m really going to be as grateful as I possibly can.