Trupanion: Pre-Existing Issues

The curious case of Trupanion. What is really going on here? My eyes are getting bigger and bigger every minute I dive deeper into the underlying issues with this company. Let's start from the beginning, with the man at the helm.

Darryl Rawlings, Trupanion founder and CEO. Pretty interesting story. Before starting Trupanion, he was a journeyman traveling salesman, first in cellphone tech and then in cigars. He had no business experience, knew nothing about the insurance space whatsoever, and, while living in a tent on the beach in Mexico for 3 months, he came up with the idea that he would start a pet-insurance company. He got back from Mexico, sold his cigar business, and enter Trupanion.

This company will go to ANY length to deny a claim. Their go-to move is first, requesting more information on your claim, then more information, then asking Vets to jump through a thousand hoops and submit years of digital records on the pet in question, and then once all that is complete, whic…

Current State of the Market/ Q&A

Hey guys. Thanks for submitting some Qs. I'll start by just briefly discussing some thoughts on the state of the market right now, what's been happening, and opinions on why.

I was having a discussion with one of my trading partners the other day, and we were just going over what's transposed over the last week or so and talking through the cause of this sell off. You can try to use all your brain power and come up with the most complex explanation you want, but as with most things in the market - the real answer is usually much simpler.

What really makes the market move? For the most part, the answer is catalysts. Forward looking events. For the last year or so, it seems the markets have been "pricing in" this recent tax cut plan. And usually, the markets never get it right the first time around. Moves are often overdone in both directions, and then add in investor emotion, and you end up with an overshoot. What appears to have happened is a large overshoot to t…

The Age Old Question: Is there a RIGHT Way To Trade?

"There is only one side of the market and it is not the bull side or the bear side, but the right side." - Jesse Livermore 

Disclaimer: This is my opinion on a number of things, including whether or not one way to trade is right or wrong, better or worse, morality in the game, agendas, groups of people in the space, etc. It's not meant as an open discussion for you to send your refuting points flying back at me - I'm not arguing with anyone in this post, and it's not directed specifically at anyone. I won't read or engage with them, I'm just sharing my thoughts on the matter here. If you don't like it, then don't read it. This is a free country - you are allowed to call me an asshole, X out of the blog, and leave if you so choose - because I'm going to be pretty raw and honest in this one. Some of the things I say may come off as emotionally driven, but I want you to actually think about it before blurting out the first reaction you have, and yo…

2017 Year In Review

What a year. So much happened this year, I don't even know where to begin. I'll start with a quote.

"Life is 10% about what happens to you, and 90% how you react to it."
That is one of my favorite quotes of all time. I've got a massive binder/scrapbook filled with quotes that I've been collecting for over 10 years now. I'll share some of the pages on my Twitter in the future, lots of really good nuggets in there. But that quote in particular means a lot to me. It's extremely relevant to a traders journey, and it's a large reason why I'm still here today - doing what I love & building my own dream, rather than working for someone else and building theirs. 
To reflect on that quote - you should live your life & trading with this in mind, in my opinion: "Nothing is ever as bad as it seems." We'll take a bad loss for example. Right then and there after you take the loss, that's as bad as it's ever going to feel. The pa…

How to Effectively Network & Connect with Other Profitable Traders

Hey guys. I got a question the other morning from a trader who's struggling to "break into the community", he says he's been trying to contact other profitable traders and guys he wishes he was friends with. However he isn't getting a very welcomed response from these guys, he doesn't know why, and he is frustrated.

So. How do you work on this? I'll use my personal story of how I did it to kind of narrate a general guideline of what it takes in my experience. The amount of effort and work involved is astronomical, so be prepared for that if this is the route you're going to try and take. I'll explain how I went about building a follower base, and how I was able to create friendships & trading relationships with some of the guys who I considered "idols" when I was starting out.

Q: What is the most effective way to network?

A: Know somebody. They'll plug you everywhere, introduce you to the right people, and give you immediate cre…

Why Investors Underground?

So I've been getting some interesting DMs the past day or two, in reference to me joining the Investors Underground team. These individuals largely know me as an "independent" since my inception - I've never attached my name to anyone, so why am I doing so now with IU? Lets clear a few things up.

For starters, I will NEVER stop producing free content for the trading community. Ever. You can hold me to that, it's a promise. My IU Watchlists and Blogs will always be free content available to everyone.
If you've been following me for a while and keeping up with my journey via the blog, then you know I am many things. However one thing I am not, is a bullshitter. I don't sugarcoat anything, I don't tell you anything I don't actually believe, and I don't tell you trading is easy, is a matter of fact I go as far as saying it's downright one of the most difficult things you could possibly try to do for a career. Point being everything I say is wi…