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 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.