The New York Stock Exchange was a little slow this morning. I figure it’s all the traders just getting ready for Good Friday. This will also be my last post for this week as I’ll just be observing the holiday and getting ready for Easter Sunday. It’s been a strange week to say the least, particularly because of my internet connectivity issues at the house. Even though I find the whole “trading at the coffeeshop” thing to be a rather unique novelty, it is – after all – just that: a novelty. It’s not something that’s recommended for a lot of people and with today’s trading, I’ll tell you why:
So, after phoning in a trade for British Pound this morning and watching it go nowhere near where I needed it to go I headed for the local Starbucks. While there, I was all ready and set to trade the cash open. The problem was – for some reason – the coffeeshop was crowded as f*ck this morning. I can usually concentrate through crowd noise if I have to but this was just too loud – it was like being in the middle of a Megadeath concert and everyone’s all riled up because they’re playing Kill The King. Anyway, I just couldn’t concentrate for the life of me and the worst part was, I actually put down some orders. Well, after a handful of round turns, I decided that I just wasn’t in the game mentally enough to keep going. I had already eroded my meager gains from British Pound so I decided that I wanted to get out of the day with some type of profit.
I’m glad that I didn’t go crazy trading today because in reality, today is not the kind of day you want to be committing capital even though we are up some 200 points. It’s one of those days where “the moves” are gradual and people get creamed on the way to the top. It’s not the type of day that I can trade, but then again it’s all me and not on anyone or anything else. I’m just grateful to God that I have another day to trade. In this pursuit of money and in this severely retarded business, the ability to survive to tomorrow is sometimes the best skill to have.