We never ever, not in a million years, could’ve thought that a 140-character social network would be able to move the financial markets so much. Yes, we’re talking Twitter. Back in the old days when Mr. Bluebird was used only to answer the simple question “What are you doing?”, if 1,000 people answered GOING
Today I will change the tone a little bit and let the garden rest for a week, as I want to share some deep thoughts about the economy and current market conditions.
Vince Lombardi is perhaps the most famous coach in American sports history. In 1959 he took over as a coach and general manager of the Green Bay Packers and in a few short years created a football dynasty that would win five championships in the next decade. Vince Lombardi has many famous quotes attributed
The VIX is a measure of implied volatility using one-month SPX options. Is it broken?
≈ No, it is not. ≈ WYSIATI is the acronym for What You See Is All There Is, a cognitive bias described by Daniel Kahneman in his book Thinking, Fast and Slow. In his own words, what the WYSIATI does is that we tend not to look for what we don’t see. If we see
Good Day All, Are ya all liking the long call trade? Have you been following it? This week we are looking at Step 6 of our 7 Steps to successful trading and investing. If you haven’t checked this out yet on the Tackle Trading website you need to do so this is an absolute
Hello Tackle Traders! The dog days of summer are slowly inching away from us and I feel like I have not taken full advantage of the sunny days that we had been praying for when the temps were in negative digits not that long ago. Then again, it has been raining like every other day
Act I You’re expecting bad news to hit the market pretty soon. You build your portfolio like Noah built his ark. In your mind, after reading from “specialists”, you are 100% sure that a huge market correction is lurking around the corner. Act II The day of the flood comes and you are prepared. Bad
What does a cash flow trader do in low IV environments?I have two answers.
≈ My mind rebels at stagnation. Give me problems. ≈ — You know, Holmes, I’ve seen things in war I don’t understand. In India, I once met a man who predicted his own death right down to the number and the placement of the bullets that killed him. You have to admit, Holmes, that a
There’s not just one way to do anything in the markets. Some of the most important skillsets for your success are problem-solving, creative thinking, psychology, and mindset. If you want to have the best potential to succeed you should work on these areas. What we’ve found as we’ve taught traders is that one of the most
Introductory courses in college are often filled with wide-eyed freshman who bring with them various levels of knowledge regarding the subject matter. To help increase the chances of success, a professor needs to gauge whether or not students truly understand the material that is being taught. During lectures, professors routinely pause and ask their
Wal-Mart, the sultan of staples, smashed earnings last week with a sledghemmer and galloped 10% higher overnight. This week the inevitable giveback is upon us and I think it’s a retracement that could be worth buying. Rather than my usual wordfest, I’ve prepped a video for your consumption. Within I highlight a hat trick of
— “The max loss in this position is $500. A hundred dollars more won’t make any difference.” (detail: the max loss rule is $400) — “I found this opportunity of placing one more trade. Eleven positions won’t hurt because the probability of profit is very high.” (detail: the max number of simultaneous trades is 10)
Hello Rookie Traders! Did you check out the techniques for adjusting your positions? Did you practice them? Do you believe that these techniques can increase your profits in the longer term? These techniques have been proven through extensive backtesting to help increase the profit potential for traders, but that means very little if you
The anechoic chamber located in the Orfield Labs, Minneapolis, is known as “The Quietest Place On Earth”. The average quiet room has a sound level of about 30db. Their anechoic chamber takes it to the Guinness book with a -9db. Its floor, walls, and ceiling absorb all sound, reflecting nothing back, hence its name. It
I received an email the other day from a trader that bought a few stocks and has been selling covered calls against them. He had questions. I have answers. Here we go.
≈And set yourself to win.≈ This morning message is for winners. It not about becoming the best you can be, becoming the best version of yourself, or reaching your full potential. It is not about doing your best and giving it your all. It is about becoming the literal best there is at what you
Motivation is an essential input to the formula that drives success. Simon Sinek says it all starts with “why?” And he’s right.
≈ Nobody loves you when you’re down and out. ≈ Nobody wants to talk about market crashes. No wonder. The History of the United States is filled with them, some being pretty traumatizing. Take the crash of 1929 and, almost 80 years later, the crash of 2008 as examples. Millions of dollars were wiped out
And so we meet again Rookie Traders! Welcome back! Did you work on your beliefs? Did you examine them to see if they were serving you or harming you? Did you find the exercise to be therapeutic? I find that every time I go through that process that it gives me a little
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.
