Thursday Notes – “Drill Sergeant” Blunt

Well, so much for yesterday’s post.

While I hadn’t planned on trading much today, plans had to change as two-way volatility in both the Europe and U.S. sessions decided to show up in spades today.

Sort of reminds me of when Borsellino cancelled his flight plans to Europe at the airport years ago when he learned the market was crashing.

And while it wasn’t pretty and I’m still slightly off my game, I managed to scratch and claw amidst the market chaos to nip this rare and silly two day drip before it could gather any further momentum. 

And we all know how powerful personal mojo can be … on both sides.

I still have a ways to go to reach peak mental and physical levels given the events of last week, but it may be a good sign that I was more than irritated with the networking room today as I felt (1) there was a lack of PJO trade setup conviction and (2) some seemed to revert back to old retail ways of seeing the market, which frankly put some momentary doubt in my mind – and cost me dearly as I had to recheck my bearings as I was ready to lean hard into a setup.

While trading in a group environment can be helpful if done properly and everyone is looking for the same thing as is the case with the Jellies, it still carries a HUGE risk of the loss of personal conviction which is so very important as this business is all about leaning hard during those times when you know you have pocket Aces.

So I got on my friends’ case  … hard.

As I’ve told all of the incoming Jellies, I have more respect for each and every trader I’ve ever worked with than they’ll ever know.  Yet this isn’t a business for the lame or timid, and I’ll frankly be “drill-sergeant” blunt at times – even in the ongoing networking room – in the spirit of trying to correct glaring errors and ensure profitability.

The good news is that today’s irritation may be a good sign that my fully-restored health is just around the corner.

MATD tomorrow.