The New York Stock Exchange opened up slowly yet again. I didn’t have the needed amount of volatility to take the kind of shots I wanted to take. I had a feeling this was going to happen. The way the market was moving preopen, I just felt like no one was interested in coming out with big orders – not for open at least.
With that being said, I traded Feeder Cattle this morning and took advantage of a quick move on size. I thought that it would be the start of a long and productive day for me but as soon as I saw how the cash open was, I realized that I just didn’t feel safe putting what I earned at risk. In the end, I decided to trade the bare minimum lots for the open and after 3 round trips my feelings were confirmed. I logged off and am now proceeding with the rest of the day.
I don’t know what I’ll do for the afternoon since I don’t have a whole bunch of things to take care of for the house. I would like to lounge around but it doesn’t feel like a lounging around kinda day for me. I need to do stuff. The wife is off today but she is sleeping in/watching Netflix in bed. I may just join her there instead.