The collision of global markets and social mood

Monday, August 8, 2011

Not A Gunslinger Here

This will be a challenging next few days for me. I am attending a few various memorial activities for the mother of a childhood girlfriend of mine -- would you believe it's the girl that I credit with keeping me from Wall Street? Yes, it's her. And believe me, I'm very thankful to her that I have learned to do my job away from the Street so that I'm able to show my support for her and her family during this difficult time. Therefore I feel she did me a favor way by distracting me from my math lessons back in the third grade -- I'm much happier as a screen trader. And sad but happy to be able to be here to memorialize her mom.

My heart still goes thump when I see her, too.

I'm watching 1215 (or higher up to 1260) and if 1168.09 doesn't hold 1150 (or lower) on the S&P cash. Our debt downgrade is not going to make me hit the sell button automatically. The better play in my opinion is to stand by and wait for better set ups instead of being a gunslinger.

I will not have the luxury of trading in front of the screen full-time for the next few days. Better to take it slowly.

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