It’s Time for a Change

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It’s been coming for a long time….

I have been restless. I have been tired. I have been aching for a new challenge and a way to grow.

And I can happily and proudly say that I have been able to make that change.

This blog, and my whole trading life in general, are in the middle of a massive shift.

I will tell you all about it in a few minutes but let me take a step back first before I move forward.

When I started out in the investment world over 11 years ago, I did so because I knew there was a way that was better than what I doing. At the time, I was self employed and working myself silly trying to keep up with the necessities of life and a new family. My son was less than a year old and I…

Wait, I have to go back farther than that! I bought an E-Trade book on the way out to college in 2000 thinking I would make money in the markets from my dorm room…. I’ve always had more guts than brains I think. But whatever.

So my son was less than a year old and decided I needed to do things differently. I loved markets. I don’t know why but I did. I was always drawn to them. So I picked up a few books. And by a few books, I mean you could have taken a picture of the “trading” shelf at Barnes and Noble and taken a picture of my book case and they probably would have been pretty much identical.

In those days, I read as much as I could get my hands on, (which isn’t great stuff btw. sorry if any of my readers wrote it but.. it wasn’t great.) I remember my first investing book. I bought it in the Dallas airport on my way to the Florida Keys. I clearly remember being in one of the worst trades of my life on that trip and then reading this book and being like, I still don’t get it… Why am I buying this stock?

I had no idea what a “trading system” was but once I heard that, I went on a 10 year saga, this monumental journey in my life, to find what I was looking for. I was going to beat the market. I was going to predict price and be a day trader.

And that was the one degree of trajectory that I went off course that caused me to walk around mountains for years when I didn’t really need or want to. I searched tirelessly for the answer, and it was in front of me the whole time…

I am not a very good day trader. Not because I can’t, but because I really don’t actually like to. Some people are. Some aren’t. I worked super hard at it and did it, but I never really liked it and I would want to puke so many times with the risk I was putting on… That’s what short term trading requires: big size and small pips and all that stuff.

But I kept at it. And I tried everything I could think of to get things right. I wanted to use indicators to trade price. I wanted to put a finite set of rules on something that had an infinite set of outcomes.

ADR, fibs, ma crosses, pullbacks, channels, blah blah blah. I tried them all.

I wanted certainty in a highly uncertain area. The best trading is done by fully embracing and planning for uncertainty, not trying to eliminate it all together. 

When we face these kinds of problems, it’s best to go back to the best basics you know about the subject.

Mine boiled down to this: 1. price needs time 2. risk needs controlled.

That’s it.

Do you know what happens to “trading” when you apply these two rules? You get suuuuupppper board… and you make greeeeeaaaat money.

I wrote a book called “Inventory Trading” and that was probably the closest I will ever get to explaining the psychology of how I view markets. It’s my most honest moment in trading. I believe that we should have small pieces of inventory that have a purpose and we follow through on that purpose.

Well, I have taken some steps to move forward in this belief.

I have taken on a role in a financial firm here in Colorado Springs.

I will be doing everything I can to bring what I know and what love to help people with markets.

I believe we should plant seeds and let them grow.

I believe we should have inventory and wait until it’s in favor to sell it into demand.

However you want to look at it, I have developed an asset accumulation strategy that takes into account risk first and foremost, and then uses different asset classes to spread the risk out even more. I work with equities, forex, and several other asset classes to generate returns.

If you are ever interested in talking about this with me, please email me or leave a comment and I will give you my cell phone number or we can talk through an app. I would love to talk trading, investing, or asset accumulation with anyone who wants to talk.

I will never stop trading, I just want to use what I know to manage the bigger picture of wealth accumulation, not just my greedy little A.D.D that has never helped me gain what I actually wanted.

I will be making this blog about bigger picture investing ideas from here on out. I hope to talk with all of you about these ideas as we go.

Have a great day. Here’s to a much needed fresh start!

Your friend, Shonn









4 thoughts on “It’s Time for a Change

  1. Interesting times for you Shonn. Looking forwards to the new direction on your blog. As always I’m a big Inventory fan. I binned a lot of my books after you did but still kept my favourites, one of which is yours. Cheers Simon

    1. Thanks Simon. After so many years I finally feel like I’m getting to a place where I can make sense of some of this. I’m looking forward to the future.

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