The New York Stock Exchange started off a little wonky this morning but it was only because of the nerve-wracking spread coupled with the volatility. After a few minutes, the overall market started to calm down and before long I was nibbling with a little bit of size here and there. Even though it would take a longer hold time to achieve the results I needed I just figured instead of trade in volume and take my chances of connecting on 2 or 3 really good trades.
While I connected on a handful off decent sized trades, I just couldn’t escape the orbit of having to size down on the cash open. The result was a nice green PnL number but horribly inefficient in terms of how much commissions I spent trying to get it. Next time around, I won’t be so liberal. I could have achieved the same results trading in half the time – but with this dumb business being so arbitrary, you just never know and you have to roll with the punches. I traded Wheat this morning for a small loss. I wasn’t willing to exert more capital on other markets so I just took my opportunities and that was that.
It’s a beautiful day in the East Coast. It really feels like spring. If there was a good day to meet up with the wife for lunch, this would be it. Although I doubt there will be outside dining, it’s worth a shot. I’m a bit tired. I don’t know what it is. I’m wondering if I got a decent amount of rest over the President’s Day weekend. As always, I am thankful to God for my blessings and will concentrate on being a decent and professional human being for the remainder of the day.