The New York Stock Exchange was subdued this morning out of the bell. I don’t even know what the premarket indicators were or where the futures were before the bell but as soon as trading commenced, there wasn’t all that much of an interest in buying or selling. I didn’t get to read the headlines for the Wall Street Journal so I have no idea what is going on in the world and will have to resort to Twitter when time allows.
I traded Wheat early in the morning because I felt like we were in for a good move but it was all just a setup with nowhere to go – a capital expenditure that netted nothing. After getting knocked around there I decided to prep for the cash open. I wish I had just called it a day after Wheat but I figured that we’d get some action in equity futures. I was kind of right but mostly wrong. I was still playing in the mode where there’d be these gigantic swings in prices, nausea inducing G levels of price reversals and overall shitting-in-pants trading but on the contrary prices moved like a line of ducks crossing the street. This resulted in a PnL that was basically more cost than gain and if it was gain then it was barely at that.
I’m done for the day. It’s been a full Monday for me so far but I am just sleepy as heck. I am glad that I didn’t lose money and thankful that I can come back to this dumb business tomorrow and give it another go.