Pages

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! 

Read More »

2/8/17

Quote

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

- Will Rodgers

Read More »

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.
Read More »

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."

Read More »

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!
Read More »

1/16/17

Winners and Losers: Scott Galloway


A professor turned entrepreneur, Scott Galloway comes across as a funny and cool tell it like it is digital financial analyst...think Cramer blended with George Carlin. Anybody that can admit to using cocaine, Nexium, and Viagra is worth listening too.

His Youtube videos are well put together and engaging. Check him out at the link below.

Scott Galloway: The Fastest Growing Platform You Probably Don't Know About
Read More »

1/14/17

Quote

"We rather confess our moral errors, faults, and crimes than our ignorance."

—Johann Wolfgang von Goethe

Read More »

1/9/17

9 Jan 17

Made a few YM trades, all with tight stops that got me out of the market with a small profit. Focusing on capital management, not chasing the market.
In the attached charts, I use a 15min time frame, I also use a Ninja Trader 60min 30min and a 5min chart (not in this post); the larger time frames help to make the overall trend more apparent... don't trade the chop is my daily mantra.
The world has its eyes on Dow 20,000, I have zero expectations of what will happen, don't want to cloud my judgment for the next trade. In the month of January I do expect to see more volatility...US presidential inauguration.
Read More »

1/7/17

6 Jan 17

The (YM) market interpeted the jobs numbers as mostly positve, you have to go with the flow. As much as I hate being bullish, I was fortunate enough to get a decent amount of points. I waited a hour after market open to find the support and resistance. In this volatile market conditions, I made one trade, held my stop for 20 min before moving it to a area of support allowing price to move further in my favor. The volatility has been extreme, happy to end the week with a profit.
Note: on a 15min chart, the bullish pattern looks a lot more obvious than it would on a faster chart.
Read More »

1/5/17

5 Jan 2017

Zero trades taken today, potential short opportunity in the morning was available. Not quite a full time trader yet.

Jobs Report in the morning. 


Read More »

1/3/17

Is Retail Trading Still A Thing?

The question is not meant to be answered, it was more philosophical in nature. To be more specific, can a retail trader compete in the hyper-volatile market? That's another question I'm not looking for an answer for... maybe I don't want to hear an answer that doesn't fit my personal narrative?
Good old fashion technical analysis is higher highs and lower lows, support and resistance use to matter. Decisions to buy or sell are made within the "agreed" upon market dynamics. This has been the  rule of thumb for any retail trader seeking consistent performance, with a good understanding of S&R. It's not an exact science, but if your timing was in the ballpark with a decent stop in place, a trader could regularly capture a good trend for an ample amount of points.

I was going to post some old charts as an example of the kind of trading conditions I am accustom to seeing and contrast them against recent market conditions... but I'm feeling lazy and I'd rather have a drink now.




Read More »