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1/29/18

Non, Je Ne Regrette Rien



Edith Piaf, Songwriter, Singer(1915–1963)



 Non, Je Ne Regrette Rien
[No, I do not regret anything]


  Have you ever daydreamed about what you would do differently if you had your own time machine? If you ever had the slightest feeling of regret, or the traders should've could've would've syndrome, you probably would not have minded having the 20/20 foresight on hand when deciding to make that blunder of a trade.  It has been a while since I taken the time to write a post of any real substance on Trin Café, my excuse boils down to a lack of motivation. 

  My long-term goal has been to trade for a living for the lifestyle I want for myself and my family... as I mentioned here on the blog, my 2017 bearish bias in this balls-out bull market wrecked havoc on my account. Trading setups I have seen hundreds of times before resulted in the trade going sideways ending in me getting stopped out, or worse, overtrading looking to break even then looking to make a profit and so on down the rabbit hole.

  Maybe 2017 was the best thing to happen on many different levels. The title of Trader, or Day Trader implies I am always in action in the market, at a minimum a few times a week. The old adage that the market can remain irrational longer than you can remain solvent still holds true regardless of how big your account is. 2018 is a positive year for me so far, mainly on a few long option positions that worked out well... duh. The market is still going nuts on the buy it upside, someone reading this might be saying all you have to do is #BTFD right?!

 How My Bear Bias Began.


I've been trading, making and losing real money since 2002, if you recall, the market was still falling from the dot-com bubble and the 9-11 terrorist attacks. The best trades that were available were shorts. See a pattern of lower highs and lower lows and it was like a dog whistle on what to do next. My best trading year was in 2008, the market selloff was dramatic.When fear grips the market, panic selling is a bears best friend... did I mention that I have a bias to sell than buy?  The idea of buying a dip in 2002 or 2008 was crazy talk!

Now, the way forward is not all that complicated, it's to take advantage of the overall market as we all know we should be doing. Fear of losing and missing out is what keeps us from doing what is in our best interest. My fear is being long and then getting mauled by a sudden bear attack. In the event of a bearish market, I plan to be armed with my day trading and options trading experience.



The Big Picture


My goal going forward is to keep investing/trading simple with my mind focused on long-term rather than short-term gain. I will continue using options to participate in the market for the five following reasons.

  1. Options can be bought at a fraction of the underline stock.
  2. Losses can be secured at a fixed figure.
  3. Profit can grow exponentially, 50% 100%  %300... 
  4. Time is not spent laser focused day trading.
  5. I can think of better things to do with my time than be in front of a screen.

What will you say to your self 10-20 years from now?


Trin Café's Future


I began this blog to share my excitement and ideas about retail trading with other traders.  Now I do most of my retail trading chatter on Twitter. Who knows, I may move to a Caribbean island and Trin Cafè becomes a blog about being an "expat island hopping rum drinking lover of life"?


Take Care!





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1/25/18

Jesse L. Livermore said it best!



I learned that I have a bearish biased about the market regardless of how far it has continued to rise month after month. Day trading has its place for me inside my toolbox, What was once selloffs a long time ago are not "opportunities" or excuses to buy the market back up with a vengeance. Mentally, it's easier for me to be long a Call option and let it simmer for a week or two, hopefully closing it out for a decent profit. Maybe in 2018 I will have the opportunity to put my bear hat on and go to work with some day trading, until then, I will get in line and look for opportunities to #BTFD with options.

“ It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. ”
- Jesse L. Livermore
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1/9/18

Make 2018 Your Best Year! [Update]



Happy New Year! 

So it's another year in the bag, truth be told, this year had its ups... then mostly down for my trading account. A quick update on where I am at in life and with this blog, I am no longer day trading on a daily or weekly basis. A severe trading account drawdown has a way of helping a person reevaluate their trading strategy.

I'm not completely done with trading, quite the opposite, I have maintained and closed option positions throughout 2017 and will continue to do the same in 2018. I'm still getting over my jetlag from my holiday vacation to Martinique. When I'm rested, I intend on taking some time to map out how I will manage my trading account as well as this blog Trin Café.

I've found that twitter accomplishes my desire to share my trading thoughts and rants and it's the fastest way to interact with other traders, the blog is feeling dated and time-consuming to update and maintain... and it's not free. I will give myself a few weeks to make my plan for the rest of the year on the way forward, I hope this to be the best year for all of us personally and professionally.

[Update]

A summary of my options trading/house cleaning activity below. I'm still that deer awed by the headlights of this bull market. As I look DIA chart on my 47" screen, I am looking at the technicals on a weekly chart and the bullishness is hard for me to comprehend!





DIA weekly chart, BTFD was the winning mantra for 2017.


Take care!
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