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. 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.