The New York Stock Exchange started off slowly, as I would have expected following the events of yesterday. I was wondering if that would actually put a damper on the Santa Claus rally and just move it towards the beginning of the year when the psychological effects of this would all blow over. But then again, if memory serves me correctly I think that we will have a rate decision today so maybe everyone slept in and won’t get into their desks until 13:55.
I was going to trade Feeder Cattle this morning but I just didn’t feel comfortable about the way the market moved so I figured I’ll just save my capital for a potential trade going into the end of the week. It’s only Tuesday, there’s still plenty of time for a last-ditch effort at some extra spending money. The cash open was not as productive as I would have liked it to be given the situation I described above but I felt ok with not losing money today. It was just one of those days where there were small, or no opportunities in the window that I trade. Additionally, I wasn’t comfortable trading in size so I dialed down my risk which is something I will probably do until I wrap up trading for the year. If we’re going to be like this in the market then there’s no reason for me to put out additional capital.
I have gotten most of my Christmas shopping done so I hope to God that I can just sit back and enjoy the holiday scenery. It’s really nice going to the mall before the crowds do and actually hearing the Christmas music while walking around. I saw the line for the Santa Claus picture with all the little kids and their parents. It made me start to wonder about me and the wife having kids. It’s something we have talked about seriously but given how expensive it is to raise one we want to make sure we know exactly what we are getting ourselves into. As it is, there are times we visit her parents and the 4 family dogs they have. They are a handful and I think to myself what kind of pace of life I’d have if I had 4, even 1, child running around wreaking playful havoc. Nevertheless it was a nice sight to see. I’m thankful for today and I’m glad I could go into the rest of the afternoon knowing that I protected my capital. Thank God.