Women in Trading - Mid Year Review | Tackle Trading: The #1 rated trading education platform

Women in Trading – Mid Year Review

Women in Trading Banner

Hello Tackle Traders

Is it just me or is time flying? January was just here and some of us are still writing our New Years’ resolution, yet we are halfway through the year already.  We are all guilty of making resolutions and never starting them or starting them and not completing them. Whatever those goals are, putting them on paper and keeping them in a visible place where you are constantly reminding yourself of what needs to get done might be the thing you need to do to stay on track and or even get started. Trading goals are no exception and trading when treated as a business needs to have a business plan in place with measurable goals and expectations. If you work for or own a company, you know each year the company performs an annual employee review and an annual budget for tracking income and expenses.  Your trading business requires the same level of attention especially because you are the CEO and employee of your company.

You must assess yourself as a trader and in how you are running your business.  I look at it like a halftime report of my trading. Check the scoreboard and decide if any halftime adjustments are needed. What goals did you set out to do? Maybe journaling was one goal. Journaling is vital to your trading BUSINESS and if you have mastered the art of journaling then great! If you are struggling to incorporate journaling like I sometimes do,  we still have half a year left. It is mid-season and as the saying goes, “it is not how you start but how you finish”.

It may not be a bad idea to do an overall performance and check to see if any halftime adjustments are warranted aside from your trading journal. You may have played great offense in the first half but it may be time to play defense in case the second half turns out to be a different ball game from the first half. Here are some tips to help with your mid-year review that I wrote a few years ago that are still relevant.

Daily Routine

How well did you stick to your daily routine? Did you have a daily routine? When did you work on your routine morning, noon, evening, or night? Do you need to adjust the time frame of your routine based on schedule changes? Consider changing it to when your brain functions the best and when do you have the least distractions.

Trade Management

How well did you manage your trades? Did you stick to your rules?  Did you take profit too soon and not allow your winners to run or did you find yourself trying to put a Band-Aid on a bullet wound? (I’m talking to myself here as I remember my Amazon trade). LOL

Market posture

Are you adjusting your trading strategies to reflect the current market conditions? Remember the trend is your friend so make adjustments if you find yourself too heavily weighted on the bullish or bearish side until the market picks a direction and stick with it.

Strategies/Watchlist

What were your core strategies and have they been working? Has it become easier to trade them and manage them? How about your watchlist? I have found that the more you trade the same companies over and over again the more you learn the behavior of the stock. It may be a good time to check and update that watch list and it may mean throwing out those that aren’t working and adding the ones that could be potential keepers. Keep an eye on those sector rotations and seasonality trends.

Learn new tricks

You may be a new trader and may not be accustom to trading in this market condition. It may be a good time to learn strategies and paper trade them. Be sure to join our webinars like Trade Masters or The Halftime Report with Coach Tyler on Wednesdays for Jedi Options or The Trading Labs and join one or all three teams.

Community

How engaged were you with our trading community in the first half? Our coaches and contributors dish out quite a bit of content daily and you may not be able to digest all of it but be sure you are getting a daily dose of what you need for your trading business.  From the webinars, blogs, reports, podcasts, YouTube channels, posts in our clubhouse, and social media outlets that go out daily there is something for you somewhere. Trading requires a community you get it all here at Tackle.  The level of support you get from our coaches and students is like no another so please do yourself a favor and plugin and engage. Share your success story and also your failures. Ask for help and help those who need it. We are a no-judgment community. We are here to help and uplift one another.

If you had a great first half, Congratulations! If you were off to a rough start, remember you still have time to finish strong but make the necessary adjustments and keep trading. Here’s to a great 2nd half of our trading in 2021. Ladies tonight at 8:30 pm est is our monthly Women In Trading Webinar so I’ll see you there and invite a girlfriend or two.

Until next time!

Coach Em

https://tackletrading.com/event/women-in-trading-mastermind-group-march-2021/

Coach Em


Emily Muiruri

Emily Muiruri

Emily Muiruri was born and raised in Nairobi, Kenya before her family moved to the US and settled in Maryland, Emily began her trading journey in January 2015 after 17 years of Property Management in the Self-Storage Industry. Like many new traders, Emily started off with directional trading strategies such as long calls, long puts and very little in cash flow strategies. Over time that has changed and now her core trading strategies are cash flow based such as are Covered Calls, Naked Puts, and Iron Condors. Though she is still a student learning and enhancing her trading skills, she has a strong desire to teach women to take control of their finances and become traders. Writing blogs is one of the ways she’s is looking to spread the word and get more women involved. Emily knows that with the right education and trading system women can be successful traders.


Tackle Trading: Financial Freedom is a Journey. Sign up now for a 15-day free trial.

Financial freedom is a journey

The Tackle Today series is brought to you by Tackle Trading.

Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.

# Sign up now for a 15-DAY FREE TRIAL #


Legal Disclaimer

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.

Share this

X
Facebook
LinkedIn
Reddit
Pinterest
Telegram
WhatsApp

More Insights

Join the #1 Rated Trading Education Platform

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.

8,800+

Members

100+

Reviews

Ready to take your trading to the next level?

Get in touch today and receive a FREE complimentary consultation.

Let us help you start trading!

Our Pro Membership gives you the tools to tackle all your trading obstacles.

Register for the Master Trader Live Workshop and get the First 15 Days on Us

Book a FREE Consultation

Sign up for a free consultation to build your Educational Plan.