Know Your Bread & Butter

My bread & butter type of trading!
After over a decade, I have had a enough day trading success that I still believe that there is a chance for myself to trade for living. In my trading (most years) experience, I have also been humbled many times about my lack of ability and emotional/capital limitations are for day trading. My method and appetite for risk dramatically limits the amount of "good" trading opportunities that I feel comfortable taking.

On days where the DJIA moves 100 or 200 plus points, I feel it is my duty to be "in the zone" to take advantage of the these kind of limited opportunities. Markets can go for weeks in choppy trading conditions... coincidentally, where majority of my capital has been lost.
30 Jan 2015
As I am not yet a full time trader, I can only dream about the realities of waiting for the best trades. I expect the day to day waiting to trade will be a boring grind, I'm ok with that as long as I can be consistent with taking the good trade and true to my method and sound money management principals.

30 Jan 2015 | Not my Bread & Butter (B&B) trade. Low ADX keeps me from getting in.
-- I began this post without looking at any charts, under the assumption with today's big loss, there must have been my ideal trading conditions that fit into my method. After reviewing the charts, I was dead wrong on my assumption. I can admit that I easily could have easily been whipped-sawed as I could have shorted right before each retracement,  my stops would have been hit with today's glorious volatility for sure.

 Had to dig up a good example of my Bread & Butter (BNB) conditions. A thing of beauty when it ends with a profit.
Note: I rarely share what my method is, or how it works. Methods are as personal as a tailored suit, maybe after years of trading success, I will consider writing the book, so for now, my method is primarily technical analysis with the use of DM indicator.

Good trading!

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Just Charts (ES/YM) 28 Jan 2015

Below EMA 26
DM Indicator
EMA 26
DM Indicator

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Bullish Engulfing Pattern?

Bull or Bear?

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When is it time to panic and take cover?

Choose your side.
Unfortunately, the way the market works is that most people will not reap the benefits for staying true to their convictions of using some kind of technical analysis, and decent money management principals, rather we give into fear and the heard mentality. My self included many times before have strayed away from my original plans to only regret not following through, followed by would've, should've, could've.

The purpose of this post is for my own visual reference, a moment to tune out the pundits and the news to see what the market is doing for myself, not to be swayed in one direction over another. As much as I would like my bullish positions to skyrocket, I can't be blinded by my own wants or dreams.

ES 1/13/5
The way I see it, we are days or a week away from the market selling off further, or holding true to the trend-lines I have drawn on the above chart and pushing higher. If ES is your instrument of choice, life above 2100 would be sweet if your bullish; "Big Money" would like to push the market there as well, but without the little guy along for the ride. It feels like we have been here before, there is that line in the sand traders are going to have to choose a side to be on before the market can move further.

If I were daytrading, I would look to short 2000 if broken, bulls panic below 1984 and 1960.

JPM earning 1/14/15, #Whispernumber

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Long Term Option Strategy 2-6-13

For the year, the account is up 8.33%, it was at a high of over 17% up until I "panicked" and wanted to close all of my positions and short/hedge the market; I would have been better of with doing nothing than trying to react to the short-term market reactions 20/20.

As I prepare for my hiatus, I have been posting a lot more regularly than I anticipated, I didn't think I would be this active trading options at this moment in my life (moving). The lack of my foreseeable day trading spawned the idea of the long term option strategy. This strategy will require some serious commitment to the market gyrations; I will have to continue to remind myself of ebb & flow.

In the future, I plan on posting just a monthly update on the long-term strategy account performance. I will update the left side of the blog with what is currently in my portfolio. The goal is very simple, I want to ride out the options with expiration dates set to expire in 2014 and continue adding to my positions throughout 2013... ebb & flow.

Good trading to you all!

- Trin
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DIA 1/9/13

DIA Daily Bars
Previous post about DIA
Nov 19, 2012

In my last post, Blood on The Streets, I was talking about how I was getting crushed on a call option that does not expire until JAN'14. As I am not day trading, I am working on longer term strategies by using options. The JAN'14 is going to be my biggest position by far, I plan on using other options with a much closer expiration date to hedge as needed. If price can get back above 130, this position will be looking a lot smarter then it does now.
Nov 18, 2012

I have not been very active with my day trading, currently I have a few option positions, my biggest position is a DIA 130 CALL @ 9.64 with expiration dates of Jan 2014. Needless to say I am getting crushed with the current ...

6/19/17 [I never finished this post, no clue to why, maybe because I was getting "crushed"?]
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