Labor Day Is Here

The New York Stock Exchange traded pretty slow despite the initial drop. Everybody just kind of left at that point.

I didn’t trade any assets so it was just cash open stuff for me. I did three or four round trips and signed off. No point now.

Saw that Chevrolet unveiled their new medium duty trucks – sweeeeeet!

chevy

It’s gonna give both Dodge (RAM) and Ford a run for their money. I haven’t really drove a GM vehicle in years because their interior is straight up ass but my heavy duty truck is starting to get up there in years owned. If this is what the new GM heavy duty trucks look like, then I’ll have to at least take a look when the time comes as my truck is already two years paid off.

Enjoy Labor Day. Drink Beer. Have good food. And most important; have fun.

America. Fuck. Yeah.

DDS

 

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The New York Stock Exchange opened up strong but I wasn’t about to trade anything because I knew I’d probably get stuck mentally.

I traded the British Pound this morning and I got two good trades out of it.

So I just marked my day as DDS or Didn’t Do Shit.

What really got me irate though was this “list” compiled by this “journalist” talking about the 50 best Michael Jackson songs. My face just got sadder and angrier as I read the list. I couldn’t believe what I was seeing. It was horrible. Brutal. Among her chief misgivings:

  • She rated Off The Wall at #35
  • Didn’t even include Lady In My Life….anywhere.
  • Had the nerve to rate Rock With You under Beat It
  • And didn’t include I Can’t Help It …..WHAT THE FUCK?!?

President Trump is right. We have a complete erosion of journalistic integrity. Fake news abounds!!!

Labor Day Kickoff

The New York Stock Exchange traded shitty. I expected this being the week before Labor Day.

I traded Wheat this morning and cut my trade after I felt the market stagnating. I traded the cash open and got out when there was nothing there.

Speaking of kickoffs – college football is ready to go this Saturday and I am psyched!

I am also psyched about this game:

Leaving The Salt Mines

general-william-tecumseh-shermanThe New York Stock Exchange traded pretty good today getting out of the gates. There were opportunities galore to make money and the only thing that was determining your PnL – of course, other than being right – was the size that you took.

Fortunately, I didn’t scale down but I didn’t maximize either. I just settled into a nice cozy contract size and chewed into the day’s market action. Did I have a positive PnL? Yes. Did I do it in a cost effective way? Arguably. The only thing that counts heading into the weekend is that I made money and now I can veg out. Wheat trades went very well today. I just felt like I got into price points that were primed to move well and not too adversely before going green. It didn’t take me a lot of trades to get substantial PnL numbers and that always helps.

It’s strange how you take things for granted and when they are taken away from you, you’re like “fuck, why was I not thankful for these things?”. This was me with the internet for the last 10 days. The bonus of all this was that my cable company was giving us credit towards the next month’s bill to reflect our not being able to use their services (we have hotspots in the town but the way the subdivisions are set up, getting another subdivision’s hotspot is close to impossible unless you’re the nearest house there). Through all this, I’m just glad things all fell into place and I can just chill out and not think about trading for the next two days.

A Wisp Of Cold

profilepic4The New York Stock Exchange was a mixed bag this morning. I don’t know if it was political news or if people just stopped giving a shit. Either way, we are certainly in a channel, a trench of sorts, waiting for the next piece of news to hit.

As I said, the cash open was a little slow so that impacted how I traded and the amounts that I used. It didn’t matter all that much because I had gotten myself into an early hole that I just could not get out of. Because I had traded British Pound in the morning to some form of success, I was able to have a positive PnL but it was, by no means, what I would want in a daily PnL given the size that I trade.

All in all, today was one of those dangerous days where it was better that you simply got out of your own way instead of trying to force something. As soon as I saw that this was going to be the case, I wrapped things up and left the house to run some errands. It feels good to be able to hop in the shower right after trading – it really cleanses the soul.

Personally, I would prefer a pool.

Cooling Down

profilepic3The New York Stock Exchange opened up slowly save for two good moves that I could have taken advantage of. The crappy thing about all of today was that I could only take advantage of one of them.

I traded Orange Juice today and while I had a good set of trades based off of the total ticks, I left money on the table because I didn’t size to the maximum. Still it was a good day by most measures. The problem is, I don’t measure things in the same way. I want millions – every day of my life and if I don’t get that then every day is a failure. Lol. The cash open was more of a mixed bag as I did escape commissions costs but the PnL wasn’t as productive as it could have been.

The cable company has finally finished fixing the internet connection for the entire block and I am so happy that I no longer have to saunter into a Starbucks to trade. If there is one thing I have learned through this entire ordeal, it was that there are a shit ton of people hanging out in Starbucks and Barnes and Noble. I have no idea why. Don’t get me wrong, I would go to those places back in the day if I just wanted to chill but not like all the time, you know what I’m saying? That’s just weird, if you ask me.

Anyway, I’m tired. I have a full rest of the day into the evening as the wife and I are attending her little nephew’s birthday party. It won’t be all drab for me as it’ll be an opportunity to feign ignorance of competitive Halo or Madden football and then when a kid tries to test me, I’ll demolish him/her in front of all the little youngsters – show them where they stand in life hahahahahaaaaaaa!

Beep! Beep! I’m An Idiot!

The New York Stock Exchange traded quickly out of the gates today. I am glad because it made my whole day a little bit more bearable.

I traded Wheat this morning and after a handful of round trips, my PnL looked like a beauty queen 8 years into a meth addiction. Yes, I traded atrociously on my asset trades. That’s why I desperately needed the cash open to trade as fast as it did. I sized up because I felt like my trades could handle the action. In the end, I did great in the cash open but it wasn’t enough to negate the diarrhea from my earlier trades.

Speaking of diarrhea and human waste, the cable company has been working to restore my internet and is almost done. By this time tomorrow, I should be able to trade from home instead of doing this dumb coffee shop routine. It’s nice to go out but there’s nothing like trading in sweatpants and a t-shirt while chillin’ in your comfy office chair.

Ah Yes…Back To Hell

prof7The New York Stock Exchange had a little bit of pop this morning. I didn’t get a chance to look at the news because I was late getting up. I’m sure it’s the same ol’ thing again; Middle East troubles, shootings in Chicago, some famous celebrity acted sexually improper back in the mid 90’s, you know – regular shit.

I didn’t trade any assets this morning because there was just nothing I deemed ok enough to plop down money for. When we finally got to the cash open, I was ready and made good money on a little over a handful of round trips. Big moves and small costs, that’s what I’m looking for. After closing up my laptop, it was time for my customary iced coffee and I got out of the Starbucks thankful for their internet connection.

For my last paragraph, I’m going to take a comment I made on my friend Trin’s website. I figure I need more substantial content here because I don’t know how long I can possibly keep blogging up. Anyway, here it is.

hey Trin,

sorry I haven’t gotten to commenting. this post really hit hard for me and I wanted to leave a worthwhile set of thoughts:

it’s good that through your self-reflection, you can still be ok with yourself. I have found that in this stupid business, being able to be kind to yourself and forgiving to yourself is essential. it gives you the emotional space to operate and the mental longevity to get to the “promised land” so to speak.

since you and I have been trading for roughly the same amount of time, i’m sure we have parallel lessons that point to the same general direction. for me, trading – as you know – is a shitty business. but money is a shitty necessity in this world. my take is that you have this life to try and make as much of it as you possibly can for when you’re in a spot where your body can’t exert the amount of influence it used to. we’re all getting old and the only thing that can counter that gradual move to chaos is if we have a force to incentivize other people around us to not be dicks.

money, is the root of all incentives; with it you get material possessions, love/sex, insulation, etc.

it’s no surprise that people go to whatever lengths they can to secure it. but as I am on the tail end of my career and will probably retire from this business in less than a decade, I see it for what it is: trading is gambling. it took me so long to mentally accept that and when I did, there was the load of rationality lifted off my shoulders. trading is a business in where you can be the best person you can be, practice the best practices and even work tirelessly – but it does not guarantee any type of liveable results. there are many people that deserve my spot, but because fortune chose me, I am where I am. Fortune has to choose someone, or else trading would not have the allure that it does. But it doesn’t mean I’m rich. I’m comfortable but I have not achieved the dreams that got me into this dumb career in the first place.

For the kind of risks I take, I feel like my salary is half or even 3/4 less of what it really is when you factor in the mental costs of getting it. The only thing that reminds me that my “number” is real is the fact that I’ve got a roof over my head and two vehicles and a wife. Can I go to Santorini on a luxurious vacation? No. Can I stay at The Palace in New York City for more than a week on a whim? No. I can enjoy relative luxuries, not the ones that I wanted to get when I was young and signed up for this job; a yacht, a penthouse in LA, Lambos & Ferraris, dating Playboy girls. That unicorn fantasy ship has long since sailed and my main concern outside of budgeting money is my wife’s happiness and to make sure I remember to take the trash bin out to the driveway every Wednesday morning so the garbage truck can pick it up.

I wanted a much different life. I think we all do – why do we look for ways to have money?

The point of this comment is not to bash my life. I am grateful for it, actually. The point is to bash trading for the expectation versus the reality. This business is just a step above running small cocaine packets in Baltimore for meager pay. In fact, at least those guys actually “do stuff” instead of sit around looking at charts up the butt. If I could go back in time and pick a different career, I would do it in a heartbeat. I regret very few things in life, but this career choice – I really regret it. Trading has been a great eye opener for me, but the fruit of its knowledge is one of the most bitter that you’ll ever taste.

Kudos to you that you keep going. If this is the life we are given, the best thing to do is make the best out of it and regardless of whether you succeed or not, try to be a good and respectable person. That’s how to unlock the real riches of life. Not this f*cking crap.

That being said, I still hope you get to that promised land. Enjoy the rest of the summer, buddy.

Eh

The New York Stock Exchange was really slow this morning. I took two trades on the open and said “fuck it” and closed up shop for today.

All was not lost though as I made out well in Feeder Cattle. Today, I’ll be spending some time with relatives that I haven’t seen in a few weeks. Always nice to hang out with the cousins, especially with the wife working late. Because we still have that internet problem, I just dropped her off to work, did my thing and went home. When I pick her up tonight, it should be after enough time has passed and my cousins and I have built up a good appetite for a nice dinner.

I’m glad it’s the weekend. I hate this job.