The New York Stock Exchange traded really well this morning – there were a lot of moves and things were really rocking and rolling. The problem was that I was making all types of crap decisions.
I traded the British Pound early this morning with the expectation that I would probably be in a hole by the time the cash open came around but lo and behold, I was surprised with a nice healthy profit – on size. So that got me in a pretty decent mood. Looking back, I should have just gone back to bed after the wife left for work instead of waiting around for the cash open. When New York started, I just could not tell my face from my ass and made 3 critically bad trades which set the tone for the rest of the cash open. All in all, I destroyed more than half of my earnings for today because the cherry on top was that I tried to trade Orange Juice and that went against me.
I’m starting to think I should not trade beyond this Friday. But that’s a little too extreme. I need to make money in order for my expenses to be sorted out for the month. The good thing is that I’m not getting crushed but that just means I’m not really being efficient with the PnL. But as they say, you’ve got to be patient and ride out the bad times. I wish I won the lottery. I would just use my trading workstation to play video games and look at internet memes all day.
As always, I have to remind myself that I am an extremely fortunate person – an outlier in the business. I have no skill – as evidenced by this post – but I just happen to be at the right place at the right time. I thank God for that.