Many Many Many Thanks!

Not my usual kind post here on Trin Café, but this seems like the best place for me to share some of my reflection on what's really important in life despite the market turmoil or poor trading performance (2017). On Friday, February 1st I went for a ride in my weekend driver, a 2006 Corvette Z06, for those who are not familiar with Corvettes or sports cars, the 2006 Z06 model is the poor man's exotic performance car with 505hp, 11 seconds in the quarter mile, and it can pull 1.2g.

With all that said, I was going into a curve at maybe 40 miles per hour, not at all an extreme speed, especially for this car, as I attempt to brake before entering the curve, I quickly realize nothing was happening. In fractions of a second, I knew trying to turn would make the situation much worse. If you ever wonder what you would do if your brakes go out, see the youtube video here, I chose to hold on went straight ahead off the road and hit a gate/pole. Thankfully the pole gave way enough to slow me down, I went up and over the pole into a spin where the car came to a stop.

I was shaken up but ok (back a bit sore), I got out the car to assess the damage and gather my senses feeling pretty bad about the damage to the front end of the car and the scratches the barbed wire fenced caused. Then Murphy's law kicked into high gear, I noticed a small flame coming from under the car that quickly grew into a full-on blaze. In just a matter of seconds, my car was engulfed in flames. After calling 911, it took 5 minutes for the fire department to arrive, another 30 minutes for them to completely put out the fire.
I have spent the past few days sulking. and trying to recall what had happen, what could I have done differently, then I began to realize how fortunate I am to have walked away from a horrific looking accident, a number of things could have gone wrong, such as my seat belt could have jammed trapping me in the car, the car could have hit a solid object like a tree knocking me unconscious; my brakes could have failed while trying to stop at a busy intersection putting other people in jeopardy, the list goes on and on.

An accident like this help put things into perspective for me, if you are religious in nature or not, being grateful for your health and well being is an important life skill that can be easily lost in a culture where we keep score by how much money is made or lost. Truth be told, I feel my priorities have been identified for a long time now, "quality time" spent with family and friends, travel and service to others. Knowing my priorities are easy to think and write about, but to live them every day as a life mission statement will be my life's purpose. In future posts here on Trin Café, I will elaborate on these priorities, until then friends, please be grateful for your health, the health of your friends and family.

Take care!

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Panic Button

YM Daily

The chart above is what I have been using to try to stay aware of what the market is doing from a macro perspective. The world knows that the market has fallen fiercely, does that mean it's time to put on your bear suit? To be a buyer or a seller, it all depends on your time frame and strategy. I'm attempting to slow trade this market and not be freaked out by the drama. Who would be surprised "if" the market rebounds back into its previous bullish channel in the next few days?

If I stay true to what the technicals are saying, this is still a bull market... on a daily chart. Pros buy support so the hedge funds and HFT will be looking to buy on a discount leaving the rest out of the party still shell-shocked. We all have our breaking point where we are ready to tap out and say "No Mas". My pain button is just below YM 24785, I expect we all will learn where this market will go this week.

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