2/23/17

Party Like It's 1999!?

As a technical trader who prides him self on catching the big trend, I can confess that this bull run has left me in the dust. In 2017, I never expected the DOW to reach far above 20,000, in fact, my entire strategy for 2017 was to be prepared to short the guts out of the market... surprise surprise, pundits are talking DOW 30,000 in the next four years.

This is the kind of market J. Livermore wrote about, being able to be long in the market even when it feels difficult. That is easier said than done, market has away of scaring both bulls and bears out of their positions.

I met a guy who explained to me how well he did in the stock market back in 90's. He casually told me he would just buy, and buy more when the market dipped. Not a bit of technical analysis, he didn't even know what technical analysis meant. Just buy blindly.

Well, we are who we are, I will remain on the sidelines until until until I see a clear bearish trend.

Enjoy the rally! 

2/8/17

Quote

“Don't let yesterday take up too much of today.”

- Will Rodgers

2/3/17

A+ Trading

My goal is A+ trading today, I will be one and done. YM profit stops are moving in relation to support and resistance, DJIA 20000, that was a target, I will just let the market determine where I get out at. That's technical analysis.

2/2/17

Trading Thought

Yes I'm trading full time now! Incase anyone out there was wondering,
I have not posted much here to my own surprise. Over the years my blog was once private/anonymous, I felt free to share my triumphs and my biggest failures. Now Trin Cafe has become known to my friends and family, nothing against any of you who read this, but I have to focus on trading as well as I think I can. I will continue to update Trin Cafe with my trading thoughts, ideas and some random trades I take in real time as I have done in the past (more about that in another post).

Good trading to you all!

"Choppy markets appeal to both bulls and bears, we see and hope what we want to happen, that's why they are so dangerous to trade."

1/23/17

1/23/17 Trade

YM Futures Contract

NQ Futures Contract
ES Futures Contract

YM trade good for 49 pts, my ideal momentum trade, Pivot was broken on the YM, NQ and the ES. As I type this, the market may continue to selloff, I'm not chasing it after already making a profit, I will wait for my next trade maybe later this week?

Good trading to you all!