A Slow Day

I didn't have a bad morning, but oddly enough, the first hour was completely dead. Most of the traders in my real office were smoked and everyone was complaining about lack of follow-through.

I felt the lameness of the market pretty early and I was only trading with small size. Still, even despite my caution, I couldn't get traction because I was taking on more losers (albeit small ones) than winners.

The market finally broke out of its morning range at around 10:45, but even then, violently chopped around for 30 minutes in a 5 point range on the futures. One five minute bar was up 5 points, then the next 5 minute bar was down 5 points. It was a slushy mess.

I was down between $200 and $300.

The market finally got through the wild chop and had a very tradeable rally between 11:30 and 12:20. The problem for me was that I was already tentative as a result of the morning chop, plus we were moving into a normally dead part of the day, so I entered only light positions. But I had some good ones, most notably, GES.

Note, the graph is far too marked up to make any sense of anything.



I also caught breakout longs in TEX and VLO but again, both with small size.

I took it really easy today. Not too much to report. Unless something changes by 4pm, this will be my day. I'm happy with it because I came back from a bad morning. Normally, I make money in the first hour and give it all away. Today I lost money early and was able to get my shit together and eke out a small gain.

UPDATE: I got chopped in the afternoon and gave back $200...

Here's the stats:
P&L, $112
Best, TEX, $167
Worst, UA, -$92

NOTE: Please stop by for the debate open thread tonight. I expect Hillary to pull out all the stops. Could be interesting.