Archive for August 24th, 2010
Tuesday Notes – Random Thoughts
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Some random trading and non-trading thoughts as the summer trading season continues to wind down.
Less is More – ES continues its summer rhythm of outstanding and very readable Europe (pre-9:30am ET) session opportunities, followed by more limited opportunities in the U.S. day session which continues to be characterized by early dogpile in/out moves and then several hours of limited chop.
As such, my trading sequences and volumes have tended to mirror that of the opportunites presented with my heaviest trading being before 9:30am, followed by modest early U.S. session trading, and then SOOT preferences after 11am ET. Overall personal trading volumes continue to be light at under 1,000 total daily contracts traded.
After Labor Day, I suspect the pace will change a bit as the overall volume and flow of the U.S. day session picks up.
Personal Schedule- Several major non-trading events are on the calendar over the next two weeks, including helping my daughter Chelsea move into Tufts University next Wednesday, and then celebrating our 25th wedding anniversary on Labor Day Weekend, before kicking off the final Jellie training session on September 7th.
A reminder to all former Jellies that you’re invited to attend the three Monday evening sessions, which this time around will include trader psychology segments by Robin Dayne.
My main focus remains on continuing to strengthen the mind & body from my bout with pleurisy, which experts have told me takes 2-3 weeks to run its full course. And as is the case with trading, timing is so critical and I’m extremely grateful that I was hit with this in August vs. September.
Schindler’s List – While continuing to recover and SOOTing this afternoon, I finally watched Schindler’s List for the first time. It certainly puts trading and minor health nuisances in perspective, and has given me new personal meaning to Chelsea’s farewell solo of the theme a few months ago.
Any attempt to further describe my feelings on the events as depicted in the movie wouldn’t do the atrocity justice.








