Money can buy a lot more than nice things. Money can “buy” time, money can “buy” freedom. Is money the root of all evil? Yeah, if you are someone that would do evil things with it, but it can be the root of so many good things as well.
Let’s play a game. A risk management game.
A rumor circulated on Friday with potential ramifications towards all markets. The rumor was that the Fed may be considering a quicker end to the runoff of bonds it is holding on its balance sheet.
An edge is a systematic exploitable advantage over an opponent. Edge in trading is based on market behavior. Market players are not rational in their decision-making process and this is where the golden opportunity lies.
This week we are going to begin to separate the rookie trader from the professional trader! I know this is supposed to be a rookie blog, or a blog for those who haven’t quite reached that pinnacle of trading but I have come to the realization that if we drop a concept in the mind
Tonight at 8:30 EST Tackle Trading will be holding a special Mind of a Trader webinar tonight covering MAJOR news impacting the markets today. Coach Mark Justice has prepared a special presentation covering not only this potentially impactful news but also introducing a tool you can use to easily determine potential major short-term shifts in
The world of investments is divided into those who don’t know and those who think they know.
Covered Calls are a gateway strategy. But what if you’re not swinging a big figure account? Are the fruits of the mighty covered call forever outside of your grasp? No.
Learning to trade has had some unexpected lessons, constant teachers and reminders that I apply to my life daily. It gave me confidence and also put me on a path to start thinking strategically about budgeting, savings, retirement as well as learning risk management techniques.
It is the rare individual who does not get derailed by failure. It is the unique individual whose dreams become larger and larger over time. What can you do this week to increase the size of your dream? Are you going to let your past failures keep you from maximizing your potential in life? Seize
With Monday’s 1.19% pop, the Russell 2000 has officially risen 20% off its late-December lows. That’s a BEAST of a move in such a short span (6 weeks). The relentlessness of the rise is made clear with one stat: In the past 27 trading sessions we’ve only seen 5 down days.
Mind comes before action. Reasoning and thinking are paramount. Action becomes pointless and baseless without them. While everyone in their hungriness takes the shortcut, we travel by midnight.
How successful traders and investors are born? That is a million-dollar question. The search for the Holy Grail. Our answer to that question is simple: you must master the Holy Trinity of Trading.
So last week we talked about how the pros put themselves in the best position to be successful by reducing risk at every possible turn and making it their sole mission to do so. Did this make sense? Did this concept occur to you as a newer trader? It seems so simple but in practice,
Financial markets are a sterilized environment, apparently leaving no room for conventional wisdom, like those of our ancestors. It never occurred to me that following grandma’s advice would signify thinking outside the box.
Today we’re addressing an insightful question from Ryan that was initially posted in the clubhouse. There’s a lot to unpack so let’s first look at the entire query below: “Is selling out of the money covered calls to finance the cost of a long put hedge on IWM realistic? I have been routinely finding that
We are pleased to announce a special Canadian edition of our Mind of a Trader series hosted by Coach Greg Holmes. Greg is from Canada and has expertise in analyzing both the Canadian and U.S. markets.
In traditional asset allocation, the way to reduce risk is diversifying your dough out of stocks and into bonds. Since bonds carry less volatility than stocks (not to mention a negative correlation), they dampen overall portfolio fluctuations – particularly in times of crisis.
In the beginning, there were the financial markets. People would stare at them and start reasoning about what to do with them. Then, one-by-one, they decided to try and invest, trade, buy and sell. Some got broken along the way and promised never to go back there again. Some did succeed by having the momentary
Well, the people have spoken and so it shall be done!!!! I am guessing by the feedback that I received last week that this risk reduction concept is something worth exploring and dare I say mastering if one is to make the leap from padawan learner (Rookie in Star Wars talk) to Jedi Knight (Pro!)
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.
