At this end, I continued to take January slow (more on that in a minute), yet took some initial heat by positioning for a stronger post-open move toward Tuesday's afternoon low ... at which point I was then looking to reverse short. And I felt pretty good that we'd get it. Wrong! I must have positioned 3 or 4 times for longs (enter/scratch, enter/stop, enter/scratch, enter/stop ... you get the idea). Fortunately, I kept sizes modest and applied the cost of the early morning tuition to the rest of the day and was able to turn the day modestly green by shorting the noon approach toward the 15-minute brick walls and covering on the drop.
And while I still feel as if I'm in a bit of an early-year funk, which is the main reason I'm keeping my sizes and # of sequences down -- along with simply taking it easier as was my intent for the first part of the year -- I did feel some rhythm and interest returning at times as the day wore on even when just watching the moves as my expectations seemed to match the market for the first time in a while.
Which brings me to my ongoing babbling about viewing the year as a single trade. There's a reason for the countdown clock to the left (aside from the fact that it looks cool), just as there was in 2008, as it reflects my personal preference to keep trades, days, weeks, and months in perspective. The only score I really care about is the final one at the end of the year. Said another way, I view the year as a single day, and January is the 9:30-10:00am period. And because of that, my main initial goal as I mentioned last week is to simply keep my head in the game early on and try to build some performance momentum as the year progresses.
And while last year's performance is finally becoming a distant memory, it does provide a one last sense of how momentum can build throughout the course of the "day", as the year started slowly, gained some momentum in the summer, and finally built to a crescendo in the fall before cooling down in December.
At this point, I'm not yet ready to throw size or a high number of daily trade sequences at "today's" trade. Yet I feel there may be a spark of desire and momentum starting to flicker. It's small and you have to really squint to see it, but it may be there. Perhaps when more of the top cells of the scorecard turn green -- especially "Trade Desire" -- I'll start throwing some sizes out there. Like many aspects of life, I'll probably know it when I feel it.
And while I'm not at all looking to grow another Chinese Bamboo this year, I might begin working on a nice Japanese Maple (which is actually my favorite tree). Yet like the Bamboo, the Maple will also require some firm roots.
Right now I'm simply in the fertilizing stage.
Have a pleasant evening.
Have a pleasant evening.