The New York Stock Exchange didn’t open with a whole lot of direction this morning although the buy and sell orders whipped the overall market around. I think it was the jockeying of people getting out before selling took place as the U.S. markets were flying high after buying from the Asian and London sessions. Sometimes, the rally continues, other times the rally fizzles out. At the end of the day, the PnL is what matters and not the news or whatever technical indicator signal there is.
After trading really shitty this week, I was determined to close the week out with a decent and productive number. I checked both of those things off even though I’ll leave the “productive” part alone as I am my own worst – and greediest – critic. The cash open wasn’t really providing me with any good moves and all scalps really had to be fast lest I lose money. In the end, I didn’t really do much with the cash open. My main trades today were Feeder Cattle and Orange Juice. Orange Juice didn’t really do all that much for me either as I left with a handful of ticks on decent size. I made my money on Feeder Cattle and I am thankful for that.
I was able to wash away a good chunk of the bad taste in my mouth from this week but it still doesn’t change the fact that it happened. I wish things would have gone differently but that is how things go when you’re in the business of speculation. Whatever the day gives you is what the day gives you. You can only control your reaction to it and how much you choose to either be wrong or right. I choose to cut anything wrong out of my life as quickly and as ruthlessly as possible. I spent a lot of time in my younger years letting negatives fester and I’ve seen the effects that it can have on just a regular day of living. It’s important to get rid of the negatives and when I see that something isn’t right on the PnL, I’m quick to get rid of it. I don’t care if it was a recommendation that came down from George Soros, if that shit isn’t making money when it’s supposed to make money, I’m gone.
The good thing about today is that I can go into the weekend feeling positive in the very least. I don’t have to worry about suffering another shitty day in the market and I can really settle down and just enjoy the next two days off. I am really a fortunate person. I can say that fortune really smiles on me even though there are tense moments mostly attributed to the stupidity of my choosing this worthless good for nothing career. I’m here for high nine figure cheques, not bullshit fakeouts and pep talks. I’ll be ready for Monday. I thank God that I have the necessary fight.