≈ How do you go about writing a detective story? ≈ X is the world around us. Impenetrable. Opaque. Mysterious. Indecipherable. Unstoppable and uncontrolled. How to live in a world like this? How to live in a world we don’t understand? This is where ƒ(X) enters the equation. If X is the world surrounding you,
Today I wanted to continue the investigation with a focus on delta differential. If you’re going to use calendars, it is imperative that you understand this principle.
≈ Zero works wonders if on the right side. ≈ Zero was invented independently by the Babylonians, Mayans, and Indians. The Babylonians got their number system from the Sumerians, the first people in the world to develop a counting system. What these ancient people never thought was the central role this digit would play in
≈ Take your next step. ≈ There are many ways to learn how to do something. Practice is important. In trading, practice trading is generally done with paper money or virtual trading accounts. These trading tools can be invaluable for any beginner or veteran to test strategies, order entry and learn how to trade in
≈ Because sometimes it’s necessary. ≈ Three young frogs were playing one sunny day on an old country road. As they were playing, one of the frogs fell into a pothole. The frog tried and tried to jump out of the pothole but was unable to make the leap necessary to get out. After a
Motivation is an essential input to the formula that drives success. Simon Sinek says it all starts with “why?” And he’s right.
≈ Profits in front of others. Losses in front of the mirror. ≈ Profits make you sociable. It is hard to find someone that goes on Facebook to talk about a –20% loss. A needle in a haystack. On the other hand, profits have a social flavor that is intrinsic to them. The more you
For today I want to reveal how I played a put calendar on AAPL this week.
≈ Data, data, data, I cannot make bricks without clay. ≈ Last week we had the good fortune of reading a post shared by one of our members in the Clubhouse, David Ciporkin. From that masterpiece of trading wisdom, we want to highlight 2 parts that stood out for us: 1) The use of words
Good Day Rookie Traders! We have covered a lot of ground in the few episodes of this blog. We have placed a successful long call trade and we have gone through how to properly follow through on the trade. We also worked on our belief systems to enhance our results. So what’s the next step? At
≈ Who draws the crowd and plays so loud, baby it’s the guitar man. ≈ We failed a thousand times as traders we will fail a thousand more. It’s OK. Just make sure you don’t fail too big for too long. The risk of ruin is something you must never run into. Be antifragile and
Hello Tackle Traders! I am excited to be back to bring you another edition of WIT after a few weeks on hiatus. I took a little break to recharge and spend time with my kiddos but I am happy to back here with you lovely folks. Since my mentor Tim challenged me to start writing
≈ Learn to use risk graphs ≈ Risk profiles are an important part of any trade. When you build an options trade you should always build the risk profile to more clearly understand the potential reward, risk, and mathematics behind the trade. Proper use of risk graphs will improve your trading plans, trading decisions and
Hola amigos! Happy belated Labor Day! I hope you had a great holiday weekend with family, BBQ and summer vibes. I’m coming back this week after an amazing vacation trip to Dominican Republic were we spent almost a week with some friends from Argentina and Italy. We are truly blessed to be able to do this kind of
≈ Never, ever ever give up. ≈ Resiliency is a personality trait that our culture has always admired. We cherish the single parent going back to school, working two jobs while raising a family a better life. We stand up and applaud entrepreneurs who work through failures who end up ultimately succeeding. We raise a
All eyes are on Apple this week because the tech juggernaut has a pretty little pullback pattern. Allow me to illustrate one way (of many) that we might trade it. This is NOT A TRADE RECOMMENDATION. I simply want to demonstrate a few things.
≈ Look out, ’cause here she comes. ≈ When I get to the bottom I go back to the top of the slide Where I stop and I turn and I go for a ride Till I get to the bottom and I see you again –Helter Skelter, The Beatles, 1968– Helter Skelter was recorded
≈ I don’t believe in ghosts, but I know they do exist. ≈ The financial markets are composed of, basically, two kinds of individuals: the ones that don’t know and the ones that think they know. Traders in the second group are doomed to fail. Because they think they know, they usually don’t leave room
Hola Rookie Traders! Last week we went hunting for a new type of trade and we were successful in finding a trade. That part of the hunt can be daunting for some and super simple for others. It has been my experience that there is a direct correlation between the amount of experience one
≈ Or: How to avoid a hangover. ≈ “Fear Of Missing Out is a pervasive apprehension that others might be having rewarding experiences from which one is absent. […], which may lead to a compulsive concern that one might miss an opportunity for social interaction, a novel experience, a **profitable investment***, or other satisfying events.”
Do you want to learn how NOT to Trade the MSCI EAFE and Emerging Markets Indexes? Come with me.
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.
