It’s A New Week

3cc83349662986993de32476f7c2fe21 For the rest of April, I’m going to be plugging my 1 year WP anniversary post as it is pertinent to the experience of trading and this blog. Click here to read it.

The New York Stock Exchange traded slowly this morning which was kind of a surprise. I was expecting everyone to get out of the gates acting crazy with huge buy and sell offers especially now that we’re in the full midst of recognizing a peace between North and South Korea and the corollary wellsprings it effects. But nope, there wasn’t all that much opportunities for my style of trading but as they say in the business, “gotta keep going”.

I took a trade in the British Pound last night for the open of the week. I don’t know if they have Labor Day coming up or something but it was just so slow in the early goings so after waking up at around 2:30AM and seeing that I didn’t really get anything, I just decided to cancel whatever other trade ideas I had for the currency and would wait for the cash open. As I said in the first paragraph, the cash open was anemic and because there wasn’t much of a target to chase, I had to settle for a handful of trades which yielded nothing but a handful of dirty rocks – I basically made no money.

In the end, the only loss was my business costs and while I can’t live comfortably with that for the rest of the day, I can live comfortably with the fact that I didn’t lose any heavy capital money. I hate this dumb business but I am thankful to the man upstairs that my capital – for the most part – was preserved. That’s all you can ask for on a day like this.

The Week Is Done

profile7For the rest of April, I’m going to be plugging my 1 year WP anniversary post as it is pertinent to the experience of trading and this blog. Click here to read it.

The New York Stock Exchange traded well from the get go. I don’t know how the rest of the world is reacting to this news about the entire Korean peninsula being “at peace” but I guess if those guys over there think they can achieve peace then so be it. I would expect the market to like the event but there are probably hidden entanglements in future agreements which may not sit well. Who cares, let’s get on with today’s trading.

I traded one asset this morning and that was Cocoa. I put on one trade and lost a couple of ticks on it. I wasn’t worried as it wasn’t on any big size. Still, it would take some effort to make up for that loss. I didn’t trade anymore assets subsequently because along with Cocoa, there were no other setups that I felt were favorable to the risk I wanted to take. So, I just opted to wait for the cash open. Energy in the cash open is good because it gives you a chance to atone for mistakes that you make provided that they are small and today was no exception. Because the market moved well, I was able to cancel out my loss in Cocoa and beat business costs in a meaningful way to make today productive. I’ll take as many productive outings as I can before the end of the month because with summer coming up, every little bit helps.

I’m thankful that I made money today but even more thankful that the weekend is coming up. I don’t even care anymore, I just want to wrap up today’s trading, after work trade examinations and crack a couple of bottles of beer. It’s been a decent week for me but it felt long and tedious. With everything ending in the green, the next priority is to live life appreciatively and with professionalism and decency.


profilepic1For the rest of April, I’m going to be plugging my 1 year WP anniversary post as it is pertinent to the experience of trading and this blog. Click here to read it.

The New York Stock Exchange was a little faster this morning than yesterday. I have no idea what could have caused it other than reverberations from the President’s meeting with French president Macron. I doubt it would have been a major mover for the markets but let’s just assume, for the sake of making this paragraph a little beefier, that it was.

I traded the British Pound later this morning because I didn’t see anything from the get-go that struck me. I wish I did though but many times, you just can’t forecast moves and you have to stay with what you know and how you do things. I didn’t gain all that much from 4 trades but at least I broke even. I had high hopes for the cash open but that didn’t pan out too well for me either. In the end, after trading only the YM I managed to squeeze out a relatively tiny bit of profit, enough where I could call it a day and it doesn’t stay in my head as a lost opportunity for profit.

My neighbor’s dog came out and put a scratch on my truck. It’s a really small scratch but it’s just enough to make me notice and be like….”fuck”. So I’m going to be looking into how much I have to pay. If I can do it out of pocket then I’ll just do that and let it slide and hope there’s no next time. I am a stickler for these things and it pains me that this happened to my truck. My truck is my baby and it’s the only woman outside of my mother and wife that will love me for me, lol. I’m hungry, gotta put the trading and truck woes away for a second and concentrate on what I’m going to eat for sustenance.

A Lush, Spring Rain

profile5For the rest of April, I’m going to be plugging my 1 year WP anniversary post as it is pertinent to the experience of trading and this blog. Click here to read it.

The New York Stock Exchange started off strongly this morning. I’m not going to pretend I know what’s going on, all I know is that I have completely stopped looking at the front page of the Wall Street Journal and tuned out CNBC – especially with my little niece & nephew visiting. In lieu of such serious business channels, the house is now surrounded by the squeaking, high pitched sounds of kid cartoons. Btw – if you have not watched Teen Titans Go, I really suggest doing it. Purists of the original Teen Titans will scoff at the idea that a show could be hilarious but I find that Teen Titans Go is the modern equivalent of this early century’s go-to TV shows: it’s Powerpuff Girls, SpongeBob & Courage The Cowardly Dog all rolled into one. I can’t believe I’m shilling this, but yeah, definitely watch Teen Titans Go. It’s simple enough for my simple and lazy mind to understand. Plus it shuts the kids up, lmaooo! (just kidding, i love them being here…for less than 3 days….or hours).

I decided to take an overnight trade last night on the Euro because the setup was so enticing that I didn’t want to miss a possible move. Waking up at around 4:30, my work was rewarded as I got what I both wanted and needed on size. It was enough of a PnL gain to make me forget about waking up to trade other assets in the early going. The cash open was different though as I couldn’t really create the kind of magic that I wanted to put the cherry on top of this day. My risk parameters were not all that big because of the underlying markets so that enabled me to trade a little bit more freely with reduced size. After a few round turns, I just wasn’t getting the result that I liked so I decided to wrap it up for the day with a semi-productive cash open performance.

It is raining here in the East Coast, thus the little kids will have to find ways to entertain themselves inside of the house. They are a handful and even with the wife here, we are having a heck of a time keeping up with their energy. Nevertheless, I’m thankful that today worked out the way it did. Now, on to lunch.

Glad I Don’t Trade The Close

prof3For the rest of April, I’m going to be plugging my 1 year WP anniversary post as it is pertinent to the experience of trading and this blog. Click here to read it.

The New York Stock Exchange opened up a little slow this morning. I guess it was saving all its energy for when it wanted to obliterate all the longs towards the close. I mean, 400 negative ain’t so bad when you look at all the volatility that’s been happening. That’s like, just another day at the office, if your office is a zoo and you are cleaning the lion cages.

I was hoping that I’d get a decent day given that I totally sh*t the bed yesterday. It was ok, but it wasn’t those earth shattering days that makes me want to pursue this business into my twilight years. I doubt that I’d make it to that point anyway given how much I can’t stand doing this. Anyway, enough of that. So I didn’t trade assets this morning because I didn’t see anything that I wanted to take a chance on. Wheat, OJ  and Currencies just didn’t have that “it” factor to them that would compel me to risk capital so I just let things go and waited for the cash open. Trading the open was ok but because things weren’t their usual hysterical self, I wasn’t able to get a good read on the markets much less get in there with size. I found myself trading against an early deficit and it just controlled my risk management and pace for the rest of the morning.

By the time I logged off my system, I was really grateful that the day was over. I wanted to make more money, mind you but sometimes, there’s just nothing there and the best thing you can do is just sit back, wait for tomorrow and watch reruns of Friends while vegging out on the couch. I am grateful though, seriously, that I didn’t lose money. I felt like I had been shrunken to the size of a quarter and put into a baby’s diaper yesterday after looking at my PnL. I really wanted to go aggressive today but that’s just how things work out. You’ve got to wait and you’ve got to be patient. Speaking of vegging out, I don’t know why but I am really sleepy again. I’m gonna go and take a damn nap.

A Hole That I Don’t Like

prof1The New York Stock Exchange started off fairly strong out of the open. I didn’t get to check the morning headlines and opted instead to look at the most recent issue of Veranda as I enjoyed my morning orange juice. If you don’t know what Veranda magazine is, you need to check it out. It is dope off the charts with the kind of aesthetic tastes that gets the blood boiling – but in a good way.

I traded Cocoa this morning and I screwed up royally. I must not have entered in an emergency stop order because when I looked at my trade 10 minutes later, I was down by a really big amount. “Huh!”, I thought to myself ready to climb up to the roof and jump off onto sharp metal spikes on my driveway (just kidding). I was in too much shock to be angry as there’s nothing that anger will do in a moment like that. So there I was with my mauled PnL wondering what the hell I’m going to do. Of course, the first thing was to cut the trade. I’m not the kind of guy that will let trades run to see what they can do if I’m losing. I don’t need to put my brain cells in such gordian knots. I trade and whether its good or not, I’m gone with my capital and that’s that. In this case, this was not “not good” as it was “very crappy”.

I thought about not trading the cash open but I knew that a day like today was where I really needed to trade the cash open. So I bided my time at my computer desk trying to concentrate on the Veranda magazine instead of the fact that I just got my face hammered in. This is almost predictable but when the cash open did start, I was able to – even with reduced size – pare down more than 75% of the loss. After that, it started to be commission churning so I just took the overall red PnL I had for today and logged off.

While I don’t like losing money, I am also forgiving if I have screwed up majorly. Of course, this loss today hurts but what would have hurt is if I closed the books with that huge red PnL number that was staring at me after the Cocoa trade. There are days when I do well in other assets only to get clobbered in the cash open and vice versa. But there really is a reason why I trade both and it was really illustrated here. You don’t know what can happen in the market. While it is tempting to say that it is random, I prefer to think of it as….eh, fuck it – it is random. It’s a gamble. This whole dumb business is a gamble and no gentlemanly explanation will convince me otherwise. I’m glad that I didn’t lose as much as I could have today and it all goes to show that in this stupid job, I would rather be lucky than actually smart.

Well, Least The Week Is Over

RooftoRunFor the rest of April, I’m going to be plugging my 1 year WP anniversary post as it is pertinent to the experience of trading and this blog. Click here to read it.

The New York Stock Exchange had some flashes of trading enablement but in the end, it was a day meant for the holders and the patient rather than the impetuous and neurotic (read: me). So I hear NK is going to stop making nuclear weapons and has also dropped the requirement that our troops there would have to leave. I think that’s kind of cool – if it actually does happen. But what I’m more amazed at is how the President, even with the media narrative against him, actually got “rocket boy” to chill with his nuclear ambitions. This is something the last two presidents couldn’t do. People may say that President Trump’s behavior lacks diplomacy but I, along with my dude Carl Von Clausewitz would argue that this is right up diplomacy’s alley. In fact, Clausewitz argues that going ape on someone is indeed an extension of diplomacy.

Enough of this talk. I barely made the numbers I wanted to make today and that was because I overtraded. Amazingly, it was not at the cash open. Rather, I overtraded my asset trades. I got into a small rut with Wheat and went revenge trading before I was luckily given a nice move on size. The cash open was uneventful as I pretty much shimmied my way through the markets but on reduced exposure. Still, it was enough that both sets of trades were productive even if only one set was traded. That is all that you can ask for in this dumb retarded business.

It’s Friday, I’m tired. I don’t know what I’ll do for the rest of the night but I would really like to try and relax this weekend. I’m still not 100% although I feel like I can get on with life at a more rigorous pace. Hopefully, there won’t be too much stuff going on after tomorrow morning. I’d really like to be able to lay down and just chill. Thank God for spring!

Thursday Thoughts

prof8For the rest of April, I’m going to be plugging my 1 year WP anniversary post as it is pertinent to the experience of trading and this blog. Click here to read it.

The New York Stock Exchange had some life this morning. I don’t know anymore what constitutes volatility after the month and a half that we’ve all had. Whenever prices slide fast, I’m thinking to myself “well, i guess that’s volatility” even if it’s really just the kind of calm morning opens that usually happen. The trouble is when there’s volatility on one day and then it all dries up for the next three only to reappear like an angry doubled up monster for the next two days after that where there’s no places to perch and trade from.

So I attempted to trade Feeder Cattle this morning and for the first 2 trades, I got knocked around a little but then I was able to catch a nice move on size for the next 3 which – if you know the spacing of Feeder Cattle – produced some pretty nice gains for the PnL. With those profits in hand, I figured that with the broader indices looking like they had strength this morning, I’d go in there with some size too but I wouldn’t trade all that much. I would just look for some openings according to my reasons to trade them and hit it. At the end of the day, while I did go in for size with some trades, I wasn’t as successful trading the open as I was with Feeder Cattle. Still, it was a decent morning for me. I can relax for the rest of the afternoon before prepping myself for trading tomorrow.

I’m very fortunate that I had those Feeder Cattle trades because that’s what made the difference in the day. Trading the cash open was sort of a drag and while that PnL alone would have made for a productive day, it was the way in which the PnL had to be gained that made the whole process rather tedious for me. I am meeting some old trading buddies for lunch and we’re gonna head over to Capital Grille and be all bougie with drinks and food. It’s nice that i can get to do all that stuff especially given that April hasn’t exactly been a walk in the park for me trading-wise. But again, if I were to choose, I’d rather be lucky than smart.

Blue Skies, Red PnL

profile5For the rest of April, I’m going to be plugging my 1 year WP anniversary post as it is pertinent to the experience of trading and this blog. Click here to read it. 

The New York Stock Exchange traded slowly this morning. I don’t know what news is out there but I figure it’s probably because we’re all getting into the full swing of spring and people just aren’t up to stomach more volatility. I’m pretty sure we’ll be getting more of that in a matter of days.

Anyhow, I did not trade any assets today as I didn’t feel like anything merited expending capital towards. So that left me with trading the cash open. As I said, the broad markets opened up a little slow and I may have been in that “volatility” state of mind. The open made short work of me as more than half of my trades were break evens and losses. It was a very difficult trading morning for me.

I’m glad that I didn’t go in with size but because of the sheer amount of round trips I made, it kind of felt like I was sizing up anyway so in that respect, I really didn’t have a good day. The only thing I could say is that I didn’t keep trying to trade out of the hole and instead admitted that the day was lost. There’ll be a tomorrow if I take care of my money today. Still, it sucks ass to come home with a red PnL. In all my years doing this, a day like this never gets easier – you just learn to deal with it by having a different perspective, and maybe vegging out playing Halo or Call of Duty. While I will be doing those things to some degree, my main mission today will be to clean out my damn grill. For some stupid reason during January, my buddies and I all decided it would be cool to bbq in the dead of winter. I didn’t do a good job of cleaning out the coal bits so I might as well get that thing done before the really warm weather starts to hit.

As always, the fact that this is a problem for me is in itself, a small miracle and says much about how lucky of a person I am.

Really, I would rather be a lucky trader than an intelligent one.


profilepic3I’m starting to forget the whole posting once a day thing: very annoying. I’m wondering if this is the natural progression of blogging.


I couldn’t trade yesterday at all because the wife had another medical conference test thing to attend and the drive getting there was compounded by a sudden storm that rolled in. So that pretty much screwed up the day.

This morning, the New York Stock Exchange traded well with some energy but I wasn’t able to really get much out of it because prices just seemed to do everything opposite of what I thought it would do and then when I thought I had adapted, it would do the opposite of that. Whatever. I went in with size as well so that was not a good thing.

Fortunately, my Wheat and British Pound trades during the early part of the day saved me from what would have been a frustrating Tuesday. I only traded both instruments a handful of times total with Wheat bearing most of my capital exposure. The result was that while I did have a positive PnL, my stubbornness in the cash open eroded a good chunk of it back. For that I am really really disappointed.

I am just trying to relax on this Tuesday. There have been so many things that have happened in the span of the last two weeks that I haven’t really gotten a chance to process the priorities around me. Getting sick is a horrible thing, especially when the cold just doesn’t seem to go away. As I am blogging now I still have coughing spells here and there. I suspect that this is really interfering with how I’m able to trade the markets but because I need to make money every day, I do not have the luxury of taking the day off. It would have been different had I been able to catch some nice moves on my asset trades but that was not to be.

For now, I am just thankful that I’m here and that I’m breathing. I’m grateful that I didn’t blow up my account and that tomorrow, I have yet another chance to make money.