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Showing posts from January, 2018

Non, Je Ne Regrette Rien

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 have 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 wreaked 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…

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 v…

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…