The halls of Wall Street are full of carnival barkers. Boisterous brutes hollering sexy-sounding pitches to get you to try out their wares.

“Come, see! I’ve got just the strategy for you!”

“Here’s a cure-all for your investment ills!”

“Have a need? I can satisfy that!”

Odds are you ventured into the finance carnival with purpose. You thought you knew what you wanted. You thought the answer was simple. Then the distracting devils began peddling their wares and now you’ve no idea what to focus on. Everything sounds so attractive and you want to try it all. Swing trading seems a no-brainer. Why buy and hold when you can game the zigs and zags? Then again, the zigs and zags are notoriously difficult for some to time.

Speaking of time, why not focus on strategies that profit from it? Like covered calls and naked puts. Cozy on up to Father Time and he’ll make it rain dollar bills like a lottery winner in a strip club. Then again, sometimes your beloved covered call candidate plummets stealing all those greenbacks like a dirty thief. I could go on for days trumpeting the virtues of Every. Single. Strategy. And then I could sow confusion by divulging their vices.

Since they all boast advantages you can’t base your selection on which is the most attractive. They’re all attractive! I can even make buy and hold look like Scarlet Johansson if you really pressed me on it.

I feel for new students overwhelmed by the trading carnival. I talk to these wonderful rookie traders all the time. The beauty of mentorship is it allows us to sit down and really hash out your thoughts about all those carnival barkers. At first, listening to their pitches (the barkers, not the students) is a necessity. You have to try out different products and strategies to get the lay of the land, to familiarize yourself with the varying trading tactics. It’s a trial and error process traveled by many a successful trader before you. But, in the end, you simply have to find what works for you.

I just finished teaching an Options II course where we cover no less than a dozen strategies. During the last session, we had a little chat about my regret that I couldn’t broadcast to the class which was the best one. And I feel bad about that. I wish it was possible to tell you the exact strategy that is going to be your moneymaker.

But I can’t.

Sure, I can regale you with stories about each and every carnival barker. I know their wares inside and out. The characteristics of each are etched in my brain like commandments on a tablet. I can equip you with the best understanding possible of your options. Of that, I have no doubt.

But identifying which is your meal ticket, now that’s a discovery only you can make.

Financial freedom is a journey

The Tales of a Technician series is brought to you by Tackle Trading.

Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.

# Sign up now for a 15-DAY FREE TRIAL #

Legal Disclaimer

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

All investing and trading in the securities market involve a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax, and accounting advisers, to determine whether such trading or investment is appropriate for that user.