(Originally posted Monday, January 26, 2004. 16:35)
Not too comfortable tonight after the corn husking, missing coffee and watching my short cotton put me to sleep. Tomorrow’s another day and I’ve got to work to get back some focus. Way too much going on with life in general. The biggest drawback for my trading is finding a balance between taking it too seriously and not paying enough attention. Of course it’s most likely I have those feelings of frustration after nipping a profit from a market and then seeing it take off without me. Deal with it!
Clipped in the corn this morning stopped out at 279.75 so I’m getting short again right now (09:52) at 279.25. The rally in beans took everything higher but I’ve got to believe we’re headed back down off this resistance. Also short cotton @ 75.45 and it just won’t drop. Is it time to invoke the rule that says if it’s not going anywhere it’s the same as going against. Coffee looked strong all morning. Just waiting for the pullback to get long again. It sure is violent. Also by losing focus over the weekend I failed to pull the trigger on my short Euro long US and missed a nice move. When I see these, I’ve got to take them no matter how busy I am. I hate beating myself up later for those missed plums.