Well I sat to prepare a morning report but I haven’t mustered the strength to do it. If all systems aren’t feeling-a-go I heckin’ pull the plug on high leverage futures trading for the day.
Physically I am spent. Two days riding coasters has my muscles tight. Meanwhile this market is sort of loose. Slow summer action can really jam a trader hot off of some summer thrills.
To dial in to a boring bull market while the energy of life courses through my veins seems unlikely.
Looking at the charts there is nothing to be bearish about. Nevertheless I am managing an SQQQ position I initiated down near low-of-week. It carries risk through end-of-day Friday. Which sucks. But rules are rules and dialed in or not my job is to execute the signals generated by the models.
Above average executor of algorithmic signals. That’s my claim to fame.
I will be around tomorrow morning to look at the charts again. As for dialing back in and working the opening bell…unlikely.
May take a weekend reset to put me back in the game.
ho ho ho for now
Raul Santos, August 5th 2021
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