I hear you. I have 49 open positions on my sheets..watched my PL swirl around from pos to less pos to b/e all day.
Made 3 Es trades; then decided to put my head on the desk; typical August Monday..nothing more..take a break.
I dedicate this Maker's Mark to you bud!
you'll be fine...
Best day was after 9/11 had about 6K share basket of stock long, and caught a 40 point futures rally.
Best ES trade 22 points.
Worst day lost 10K shorting GLW when it was in the 70s; man I recall that I almost killed the neigbors pit bull that day.
And the one's that got away are even...
I see about 9 reasons to go lower; and 3 to go higher. So....
> 1016; higher and Team Bush wins
< 950; lower and team shit fundies wins
How you gonna bet?
Waiting it out.
David
Another thing to take into consideration, is look at the bigger picture, instead of every tick.
The futes were < open print, on good INTC #s.
That there tells you alot about the direction.
For today anyway, who knows after that.
That's because the people who inhabit the "real jobs" have never taken a calculated risk in their lives.
Whether it's daytrading or whatever, you have developed some serious skills that are easily transferable to the real world.
(Assuming you are not a total idiot), like:
1. The...
Just passing along what I heard from the guy I run into over drinks every so often. He's been the there for years.
Maybe policy has changed, dunno.
Guess the strategies they are teaching the newbies ain't working.
best,
david