Hola amigos, back to work this week. Short week, 3.5 trading days and a great holiday in the middle, I hope you all had a great and safe 4th of July party with lots of food, music and family. Argentina’s Independence was signed on July 9th, 1816 so I guess we can say it’s a double celebration
A recent Options Report included FedEx as an oversold bounce candidate. Let me share how I traded it. This will illustrate the benefits of bull put spreads, scaling-in, and proper management.
A Trading Journal is not something superfluous. It is crucial. Continue reading.
You don’t need to have 12 systems going on. If you got ONE or maybe TWO right, firm, down to Earth, straight to the point, and they are consistently making money, maybe not HUGE amounts of it, but nonetheless cash flowing, growing your account little by little, mitigating risks, managing losses like a PRO with
Misguided lemmings who tout options as riskier than stock don’t realize that they’re painting with too broad a brush. The reality is options can be safer than stock if used properly.
Hey There Tackle Traders! We are back this week to wrap up our first stock trade. We went through the whole process of putting on our first live trade in the last two rookie blog videos and we did this manually speaking as in working through the math by hand. As I promised last
Debit Spreads with positive Theta do exist. Oh yes, they do.
Today will be short and straight to the point. When was the last time you talked to another trader on the phone, skype or in person, about your business? If it’s been a while, I have a challenge for you. Reach out and have a conversation with someone about your trading business, your progress and the steps
Wassup my friends, hope you had a great 4th of July celebration with lots and lots of BBQ and beers. Today I want to talk about a few different things but first I will dedicate a few words to the birthday boy. Yessir, this week Mr. Shannon turned 32 (I think…). I know exactly whatcha thinkin “dang, he’s 32?? I thought he was
If you have ever met a Justice brother, and many of you have, it is safe to say that you already know that they have quite a few thoughts to share. They also have some in-depth knowledge about the markets that can give you plenty to digest about your trading and investment decisions. Last week
There are clear differences between domestic and wild animals. Any competent veterinarian can tell that. Some professionals are more inclined towards dealing with and treating domestic animals because they are way more predictable in their behavior than their wild counterparts. Some prefer the unpredictability of the wild, though. The life of a trader can be
Traders are told they need to keep an eye on their portfolio. And there’s certainly merit to the suggestion. After all, how can you make a quality decision about trade management if you don’t even know the status of your beloved positions? Are you winning or losing?
As traders, our job is not completely done until we have our daily portion of letter soup. Stock-ticker-symbols flavor for the most part. But what if we try other flavors? T-Bills, T-Notes, T-Bonds, FRN, TIPS, and STRIPS? These are US Treasury Securities. They are debt obligations issued by the US government to raise the cash
What’s Next? The Juice! Hi there Tackle Traders!!! Our first live trade is in the books and we are now asking what’s next? Now, when I say in the books, I mean that we followed our process and that put us in a position to make a great trade. If you have been following the
“It takes five years to learn how to make money; and twenty-five to learn how to not lose it.” Nassim Taleb said it last week on Facebook. The “how not to lose” part sparkled us some thoughts. We can handle it in many ways. One of them is talking about hedging. We could also be
On paper, naked puts and covered calls are equivalent positions. Or, as the cool kids say – synthetics. That means they deliver the same profit or loss at every possible stock price. For the relationship to hold true, however, you have to use the same strike and month.
Hola amigos! Back at it this week, I hope you are following the blog and trading some of the picks we review each and every week. I have quite a few trades on and I am actually trading almost exclusively EH system during the last two months… #attaboy. Last week I proudly shared with you a “half-year review” with the results of trading this system.
Think of yourself as a curator. The curator’s job is to say no. Yours too.
Some of my weekly tales are philosophical, and others are practical. Some illustrate what smart traders could or should do while others chronicle what I did do. Today will be one of the latter variety. I recently provided two such retrospectives on recent trades in FedEx and the Euro
Polyphony is a type of musical texture that consists of two or more simultaneous lines of independent melody. The overall sound is shaped by melody, rhythm, and harmony. In Western musical tradition, the term is usually used to refer to music of the late Middle Ages and Renaissance. Market participants include individual retail investors, institutional
“[…] If somebody with an MBA degree applies for a job, we will certainly not hold it against them, but we are really looking for people with PSD* degrees. They built this firm and there are plenty around because our competition seems to be restricting themselves to MBA’s” * PSD stands for poor, smart and
Learn to generate monthly cash flow from the financial markets and how to grow long-term lasting wealth. Tackle Trading is an amazing online community for active traders that is led by seasoned market professionals. Tap into the power of Tackle Trading’s proven trading system and learn how easy it is to make money with the proper coaching and education.
