The New York Stock Exchange was slow today. It’s a given being that we had the FOMC business today. I wasn’t expecting much so I didn’t size up.

No assets were traded today. It was just cash open business and that was that. Although, I will say that I was tempted to trade the Dow futures at 2pm.

Nothing much to write about today. It’s just another day from being done in the market. But the feeling is obviously heightened by the fact that this will be one of the last times I post here. I always say this and I will never not say it – trading is one of the worst careers a person can ever pursue. The failure rate here is so high and without any type of safety net, your life could be permanently altered right before your eyes. Heck, even if you have a safety net your life will probably take a low path that you would have never expected.

I’m not discouraging people from trading by any means, I’m just saying that it should be recognized for what it is: a false roadmap to financial success. Money is a byproduct of doing important things well. I’m too tired to expound on this lol. You’ll just have to trust me.

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3 thoughts on “Some Fishes Get Away

  1. “Give a man a fish, and feed him for a day. Teach a man to fish, and feed him for a lifetime.”
    I’d actually like to be a guy just given the fish.
    I actually had an S&P long signal at the 2pm bar area that held my stop.

    Liked by 1 person

    • lol me too! now if we could only find a way to get an assured constant supply of fish every day with little to no effort. lol

      did you end up holding that long? really keen at the market on this level. I personally think this is where we break out into a smooth slow jam of upticks til september haha. was thinking about buying some out of the money dow calls versus setting aside a subaccount to accumulate and hold some contracts. what do you think? (not like i’ll have a bunch of extra money to do this after the pool LOL)

      Liked by 1 person

  2. Sure, buddy! I’m a simple e-mini day-trader. A specialist, though I do do some artful arbitrage between the other indices and volatility. Since I go back to cash everyday, I wouldn’t know which vehicles a more sophisticated trader would find attractive long term, but if forced, my long view, we’re playing with the May top and after this reaction and a close higher-give it another week- I would start building that call position. We’re going up.

    Liked by 1 person

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