The New York Stock Exchange had a slightly slower opening than I thought it would and I think investors are now just starting to stomach what the president’s words really meant during the NATO summit. I think it wouldn’t be too much of a stretch in the imagination to understand why big money would kind of want to stay out of the way.
Anyway, it’s a Friday; I’m glad to be done with this shitfest of a week. I just want to relax and not think about trading until late Sunday night.
I was about to skip all asset trades for the day for the second day in a row but at the last minute, I saw an opportunity in Cocoa and because it was only one trade, sized up. While I didn’t make a whole lot of ticks, my sizing up gave me a good amount of PnL so that was my one asset trade on the day. The cash open was a little slower than usual like I said so after stumbling around in my first 5 trades, I took 3 quick round trips to make up for any PnL erosion and decided to call it a day. There wasn’t all that much opportunity for me after the first couple of minutes in the day so there was no point in forcing the issue.
I am thankful to God that I didn’t screw up on this Friday. Given how tumultuous the week was, the last thing I wanted was to get smoked in the cash open. I’m grateful that – although I did get kicked around – I didn’t let business costs chase down the money I made. You win some, you lose most. There’s always another day in this camel-shit business.