Wednesday Notes - Continued Slop

First, a thanks to Linda Raschke and her team for inviting me to speak in her forum this afternoon. I hope all found it worthwhile. There's nothing like talking shop after hours to keep one's head in the game.

As for today's trade, today's scorecard reflects a decent turnaround from a rough start to end the day with at least some confidence as we continue to deal with horrendous market pace ... at least for those of us that don't prefer the range game.

For a while, it looked like I'd have the first consecutive losing day stretch of the year as I'd officially call my trading over the last session and a half a "slump", until deja vu struck shortly after noon with almost the identical setup to yesterday's stopped trade opportunity presenting itself (see chart, click to enlarge ... and no, that's not the same chart as yesterday ... it just looks that way) which I again jumped on which promptly turned a frustrating and unprofitable morning around.

And if it had turned out again today that it didn't pay, I'd do it again the next time ... and the next ... and the next. They're just shots at the basket gang ... they don't all go in.

Anyway, I continue to grade the current market pace red (there's no color for "puke") until such time I can either get in better rhythm with the current start and stop pace on little volume, or until the band stops taking breaks so we can dance.

Until then, capital preservation and maintaining confidence remain key as I wait for the game to open up.