The New York Stock Exchange opened up with a little bit of energy. It wasn’t a lot but it was enough so that there were inflection points between price swings where you could see sentiment accumulate onto one side before moving to the other side of the pendulum. Overall, that’s the type of market almost anyone can profit in and ask for. That’s as close as you’ll get to having your ducks lined up in a row.
I traded Orange Juice this morning along with the British Pound – or I should say, the British Pound first then Orange Juice. I took a loss after 3 attempts on the British Pound but they weren’t day changing losses. It was just enough to contort my face into an angry snarl. Going into the cash open, I was able to be productive there because of the factors I discussed above. Trades were – for the most part – easy. It was like click the mouse button, let go, liquidate and repeat. I did suffer two small losses but everything else went well. Then, I traded Orange Juice and in the work to get a hold of the market, I lost half of what I had accumulated. Actually, more than half if my rudimentary estimations are correct. I just took a deep breath and made the decision to close up shop before I would put the other half of my PnL in jeopardy.
This has not been a good week for me. While I go into every morning ready to make money, there are just times when I know I need to go into preservation mode. This is one of those times. While I will still trade tomorrow, I have to acknowledge that the best thing I can do is to mentally escape the week. I have an idea of what I have to make tomorrow in order to wash out the bad taste in my mouth but even if I make somewhere in the vicinity of the number, I’ll consider it an OK deal. My main priority is to shake off the negative momentum of the week so I can reset for the next. I wish I had won that Mega Millions or Powerball drawing. If I ever win something like that for a decent amount of money, I’m going to retire and never look at a depth of market window ever again. This business sucks and I’m never going to stop shitting on it. But at the same time, I’m not going to stop giving my thanks to God that I have another day to prove myself and to show the people that I love my joy in their presence. I’ll be ready for tomorrow.