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Non, Je Ne Regrette Rien

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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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