In light of October’s bloody departure, a pivot is in order for today’s edition of ‘The Month That Was” series. I’m hopeful it will be a bullish pivot sending my commentary along an upward trajectory.
≈ Keep it in your pocket. ≈ We’ve seen some questions in the Clubhouse regarding how to profit with options. Because they are multidimensional beings, and also because there are many possible strategies out there, new students find it hard to pinpoint exactly how profits are made. When you enter an options trade, you are
≈ Keep it in your pocket. ≈ Yesterday you’ve learned how options buyers profit. How do options sellers profit? Profiting with options as a seller: To profit as an options seller, you must sell high and buy low. Again, this is as simple as it gets. If options buyers profit by buying low and selling
Good Day Bloggers! This week I had a conversation with a student that resonated with me and I thought it might make a decent topic for this week’s blog. The interesting thing about this topic is that I knew very little about this particular student. I don’t know how long they were trading or
≈ The Earth is my witness. ≈ The broad markets are living in turmoil. Emerging market too. As a consequence, many thoughts pass through my head all the time. One of them is the Buddha’s awakening scene in the 1993 movie “The Little Buddha”, directed by Bernardo Bertolucci. Stories like Siddhartha’s enlightenment, described in the
Nothing like a monster “V” shaped reversal to get the juices flowing, am I right? Count me among those suffering whiplash over the market’s death-defying whoops and whirls of late. Yesterday was particularly annoying for those short delta toting traders like me.
≈ .. and trade your plan! ≈ You will hear coaches at Tackle Trading talk endlessly about trading rules and your trading plan. This is for good reason as trading rules help guide the decisions we make as traders and help keep emotions from taking over. If you have not yet developed trading rules, then
Today’s tale details how I clinched victory from the jaws of defeat. Within you will also learn of how I employed the scaling-in technique with a credit spread.
≈ The more, the better. ≈ Asymmetry is, in its simplest form, the lack of symmetry. Some professions require symmetry, either structural or aesthetical. Others not only can live without symmetry but are in constant search of a good one. Like us, traders. How much can a stock fall? –100% should be the max level,
≈ Put yourself to the fullest. ≈ We know little to nothing about anything. About trading. About life. About how to build successful businesses, loving families, and stable relationships. Just when we think we already have the profit in our pockets, the markets turn the tides over our heads in a blink of an eye.
Contrarians in a bear market seek signs of capitulation. Specifically, evidence that bulls are throwing in the towel and abandoning their once beloved positions.
Market volatility is on the top of my mind, and I suspect it may be giving some of the rookies (and, ahem, veterans) among us some heartburn.
≈ What do they all have in common? ≈ Which investment strategies were successfully implemented by the most prosperous and victorious investors of all time? We suggest you grab a few names you know of (George Soros, Richard Dennis, Peter Lynch, Warren Buffett etc.), jump right into Google, Wikipedia or Investopedia and learn what they
≈ Stay in touch! ≈ Traders, Tackle Trading is a community of traders. No matter what role you play in that community, we appreciate you being a part of it. Some traders attend the webinars, halftime report and mastermind groups and participate in that way. Others are very active in our social media channels like
≈ Grow them beyond your brain cells. ≈ It would be hard to find anything good in the world that did not first start out as an idea. Ideas by their nature are powerful and magnificent. Ideas can and have transformed companies, industries, countries, and even the course of world history. If ideas had a
The market continues to be dismantled before our very eyes. As I type, the Nasdaq is down another 2.3% premarket as the so-called FAANG gang get jettisoned from portfolios across the land. Momentum has become anathema.
≈ Nobody wants. ≈ Chesky to Bezos: “Jeff, what’s the best advice Warren Buffet ever gave you?” Bezos: “[I asked Warren,] your investment thesis is so simple… you’re the second richest guy in the world, and it’s so simple. Why doesn’t everyone just copy you?” Buffett: “Because nobody wants to get rich slow.” Warren Buffett
≈ Time to say goodbye. ≈ You-You and You-Trader are living incompatible lives. They don’t get along well together. In fact, they never did. You-You thinks money is real. You-Trader knows it’s all the fugazi. Castles made of sand. You-You watches the TV and goes berserk with the news. You-Trader doesn’t even watch TV. Too
Hello Tackle Traders, How about them markets? We got a holiday-shortened week with horrible volume and a solid beatdown across the board. I have been fielding calls for the last several weeks about what is going on with these markets? The usual questions pop up like is the market crashing or are we just
≈ Don’t you cry tonight. ≈ Nature can teach us anything we want. Billions of years can’t be wrong, so, let’s drink from such an encyclopedia of wisdom. Think about an onion. A bulb in the center, as the base of the vegetable, and many outer layers. These outer layers become dry and brittle the
≈ Start now! ≈ In 35 days, the new year will be upon us and individuals will be making new resolutions and goals for the coming year. How about we start that process a little early by focusing on what we want to accomplish in the next 35 days! Learning to master the art of
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.
