With Nicks advice i decided to go back re-model the Traffic Cone and here what i proposed to do:
After looking at my model i went away and made some adjustments to the traffic cone and at this point i started to think about optimizing for the first time. Here is what i produced:
Here is some more advice Nick suggested that i should take on board notice that he points out that there are some verts on my model that dont serve any purpose.
Current Tri count 64