Position Sizing (a.k.a. Money Management) is one of the most important skills—if not THE most important—any trader should master in order to become a full-fledged PRO. It should be the first thing taught to anyone who wants to approach the financial markets for the first time.
Timber!!!!! Look out below! Our mock trade from last week is getting crushed!! Or is it? Last week we put on a mock trade in AAL and the premiss was that the stock was going to break to the upside and bring us in a nice fat profit!!!
My problem is boredom. Opening any newsletter sitting inside in my inbox is an exercise of resistance. I try not to sleep reading them.
Chicken nuggets are just like those “professionally” managed mutual funds: a basket composed of an unnameable plethora of financial assets called “diversified holdings”. Couple them with some obscene fees and you got a disgusting mixture. People don’t know what they are buying into.
Perhaps, by being an outsider myself to the corporate world, I can be on a new path to create a life outside of the mainstream and to live by my own definition of what real success means.
If you’re a trend follower, I bet you were leaning bullish heading into this week. And why shouldn’t you have been? The S&P 500 was in the midst of a two-month uptrend complete with rising 10-day and 20-day moving averages. Even the 50-day was starting to lift. Unfortunately, bullish portfolios got whacked this week due
At a certain point in life, we all encounter a bridge in front of us that we are afraid to cross. The bridge that leads us to the higher ground, the higher purpose, the higher ideal.
Eventually the bear comes out of hibernation. No not the “market bear”, I am talking about real bears.
Boeing’s textbook bull retracement pattern made it a top contender on our weekend Scouting Reports. But Sunday’s plane crash changed everything. Google it if you haven’t read the details. I want to focus on how we might have traded this morning’s down gap.
Position Sizing (a.k.a. Money Management) is one of the most important skills—if not THE most important—any trader should master in order to become a full-fledged PRO. It should be the first thing taught to anyone who wants to approach the financial markets for the first time.
Timber!!!!! Look out below! Our mock trade from last week is getting crushed!! Or is it? Last week we put on a mock trade in AAL and the premiss was that the stock was going to break to the upside and bring us in a nice fat profit!!!
A fortune in fabulous prizes may go to these people today if they know when The Price is Right!
The thin edge that separates intrinsic from extrinsic value. The battlefield where two different worlds stage a war for true or no value.
Directional betting usually receives the spotlight but its volatility trading that really captures the imagination. Today we’re going to begin giving the latter its due. This message will clarify the difference between the two and help you understand the two primary ways traders can bank on volatility. This will likely turn into a multi-part series
Who I trade with is an important part of my success. My mentor recommended that participate in a trading community like Tackle Trading, and have a trading partner.
Go get a trading partner and actively participate in the Tackle community. Or risk being chased by this constant tornado of misinformation that ravages the whole internet space.
The elves living in my idea factory just went on strike and that means all I have are scraps with which to construct today’s blog. I think I’ll spout off on a few random things.
Do you know who else likes to recycle? The mainstream financial media. For what seems like the 200th time in the last six weeks (ignore the math) mainstream financial media outlets blasted the headline on Friday: “Markets up on Trade Optimism”. Very nice.
“Oh, so you are a trader! How cool is that! So you just click buttons and make money?” Ponder: punch or leave.
Timber!!!!! Look out below! Our mock trade from last week is getting crushed!! Or is it? Last week we put on a mock trade in AAL and the premiss was that the stock was going to break to the upside and bring us in a nice fat profit!!!
“Modern portfolio theory fails to put the correct emphasis on what matters. And what matters at the end of the day is the extreme loss.” – Mark Spitznagel
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.
