The New York Stock Exchange was a little anemic at the open but it had a really good move going upwards towards the midmorning. It looks like we’re continuing on from Friday’s move. Although I kind of wish I traded that day, it was really nice to just sit back and browse on my iPad while using the fireplace. Anyway…on to the action.
While the market had a good move going into the midmorning, I found myself in a hole because I got whipped around in the very early going. There were market stoppages here and there and before I knew it I was looking at a negative net number. At this point, I figured it was Monday and no one was really looking to participate so I stepped down on my risk size and as soon as I did it, the first (or second trade) was where the action started. In the end, it was a good move but I am disappointed that I didn’t make more. Wheat was a non-trade for me as I made three attempts trying to guage the direction of the market but on two of them I ended up negative while the third one brought me back to break even – nothing to write home about.
So although I did trade at a good pace, it wasn’t enough to make my day productive. In the end, business costs eroded what was just an overall mediocre to bad day. While I’m thankful I didn’t lose money, I am a little frustrated at what I felt was a lack of performance ethic. I am my own worst critic perhaps but in this stupid and worthless business, you’ve got to keep pushing your boundaries to grow – unlike college there are no safe spaces here. It’s whether you’ve got it in you or not and that is all up to God. Let me reiterate again how thankful I am that I didn’t lose any money.