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 this blog, I thought it was going to be easy to just share what my trading experience has been throughout the years. It’s easier said than done. Trying to gather your thoughts and a put them on paper and for it to actually make sense to the reader, then make it look nice and pretty can at times be complicated. But not this one! Today I am just going to get straight to the point and it might feel like I am beating up on some of you but sometimes we need a little of that in our lives. Plus I’ve gotten a few of those from my mentors so I’m just returning the favor. LOL
So a lot has been going on at over the last few weeks and this week Nike has been the headliner. Whatever your opinion is on this matter is irrelevant to this discussion. Whether you agree or disagree with Nike the slogan Just Do It has been something millions of people have used for motivation to take action and we will all continue to use it for generations to come. Our fearless leaders and wonderful folks behind the scenes at Tackle have been cooking up a lot of things recently too and I must say I am very very excited that the Bear Market Survival Guide finally launched this week. If you missed the webinar don’t worry catch the replay HERE.
The BMSG is for EVERYONE! From newbies to veterans and everyone in between. Whether you have a retirement, account or not it is for you. However, if you do have a retirement account like a 401k and you want it to remain that and not become a 201k in the next bear market, then I highly suggest you watch the BMSG. Just so you are aware this is a product that is being sold and once you see the price and you’ll agree with me that it should be more than the asking price. Regardless of the cost for this great investment, you Pro members at Tackle already know the amount of content we get each and every day. People often ask me how did I get to know all of this information about trading and I simply tell them I followed what the mentors and coaches were doing. Well for the most part at least. The others times is when the beatings came to play LOL!!!! My point is this, if you attended the Mind of Trader with Tyler last week, he dove deep into calendar spreads and even prepped one on SPX. Like a trained puppy, the following day I entered the trade on SPX. I had also just gotten off a bull call on AMZN when it hit 2000 and was wondering whether to sit on the sidelines and wait for it to begin another run. Over the weekend, the scouting reports were sent out and on the options reports, AMZN was on the list of neutral or volatility trades. So again I entered a calendar spread on AMZN. So what does this have to do with the BMSG you ask? Well, if you had a trade on both AMZN and SPX that would have taken care of the BMSG is my point. See the risk graphs below
There you have it, my friends. Sitting on the sidelines waiting for the right this, or the right that, is wasting an opportunity. If you are a Tackle member and you are not taking the time to watch those scouting reports each week, that’s on you! If you watch them and procrastinate and don’t take action, that’s on you! Sometimes we just have to get out of our own heads and JUST DO IT!
Until next time Traders!!!!!!
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- Emily Muiruri, an Entrepreneur, Real Estate Agent and Business owner. Born and raised in Nairobi, Kenya before her family moved and settled in Maryland. She began her trading journey in January 2015 after 17 years of Property Management in the Self-Storage Industry. Emily uses different strategies to trades stocks, options and forex. Although still a student learning and enhancing her trading skills, she has 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
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