$30,000 Millionaire said:

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Guys struggling - hang in there. Trade smaller.

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I feel sick watching my 401k while my day trading account is up 30% on the year. I haven't learned to stomach doing large trades yet. I don't know how you manage.

Dan Scott said:

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I feel like an absolute POS right now. My account after taxes is now back to pre-pandemic. 6 trillion printed and I have nothing to show for it.

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But think of all you've learned. Start minimizing losses going forward and work your way back. Decide what you do well and what has bitten you and create a plan. Maybe slow down on the trading a bit while the learning continues.

I know the market will be higher in ten years. I couldn't do what Zuckerberg does. Losing billions in a day.

A couple pages back today there were a couple posts made about energy and some comments about associated transportation costs, i.e. pipeline, trucking, rail, etc. .... Tonight I was talking to a buddy of mine and we got around to freight costs and he enlightened me about the grain hopper shuttle freight market today. A shuttle is normally a 100+ railcar unit. It has a dedicated crew for a 2 point move (start/end/return). He told me the bid/offer on a shuttle today is $5,000/$10,000, $5,000 bid and $10,000 offer over the Tariff for each railcar. So, if you need to secure a 100 car shuttle to move from say, Red Oak, Iowa to Houston, Texas that's 100 railcars X $10,000 = $1,000,000 plus the Tariff Rate (the actual freight charge) between those 2 points. A grain hopper railcar holds approximately 3,500 bushels of 56lb/bu corn or a net weight of 196,000 lbs. Easier math is 100 railcars X 3,500 bu.s/railcar = 350,000 bushels. $1,000,000 shuttle freight / 350,000 bushels = $2.85/bu freight plus the Tariff....it's well over a total freight cost of $3.25/bu. and I didn't look up the Tariff to give the exact penny cost. This is crazy high freight cost.....and shuttles are scarce. During the pandemic, railroads terminated crews and offered early retirement as shipments were slowed due to C19. Those rail crews normally stay with the train until it returns (sorta like an airline pilot). Toward the end of my career (5 years ago), I remember bid/ask would range from $150 to $250 on the bid side and $150 to $400 on the offer side when things were good. I have no idea what petro shuttles or coal shuttles cost today, but I suspect it's just as crazy high. I would think the railroads are going to prioritize train movements based on highest revenue haul. Railroads will pick winners and losers. I think this thing is going to get worse/crazy. Petro products not flowing through a pipeline is nuts and trying to haul it on trucks or railcars is insanity.

BrokeAssAggie said:

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Big gap up if futures hold

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Calm down, you already have enough kids.

BrokeAssAggie said:

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I get excited easily

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Both ES and NQ are now back inside yesterday's range. Above value area, but inside the range...no-mans-land for now.