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Tackle Today: Organization is Key Part 1 – Trading Business

May 25, 2018

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Last update: August 2021

You might’ve asked yourself at a certain point: “How should I start to make this trading activity a business?”

Begin by having a clear routine and well-defined procedures for everything.

  • Organization is optimization.
  • Organization is efficiency.
  • Organization is key.

That is why we put together this 3-part series on Trading Business:

  1. Organization is Key Part 1 – Trading Business
  2. Organization is Key Part 2 – Business routine
  3. Organization is Key Part 3 – Trading Journal

Unless you’re a machine, you will need to be organized if you want to prosper beyond the threshold: that moment where you can’t do anything more than you’re doing without getting overwhelmingly smashed.

Invest a good amount of your time creating ways to get more efficient. Don’t be a fan of unnecessary tasks or redoing work just because. Prefer the no-brainer, easy-breezy, smooth way of processing information. A dose of organization will help you on that.

If you’re not organized, you won’t get practice time. Understand that practice is also key to develop a successful trading business. Here are some basic questions you should be able to easily answer:

  • Is there any risk of assignment?
  • Which positions show a profit?
  • Which positions show a loss?
  • Are there any contracts that must be rolled (up/down/in/out)?
  • Is my system bias in accordance with the market bias?

If you are already placing trades, even if they are not part of a system, and you can’t answer with confidence any of these questions, we strongly recommend you to start thinking about organization.

Chart of the Day: Folders on TOS (Thinkorswim)

Have you ever thought about organizing your trades in folders on Thinkorswim? You can organize them by systems, by strategy types, by market bias, whatever way you see fit to make yourself and your trading business more organized.

As far as organization goes, simple things can operate miracles.

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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.

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One Reply to “Tackle Today: Organization is Key Part 1 – Trading Business”


    very helpful. Maybe you could also explain where to go on Thinkorswim to organize the trades.
    Thank you Jessica

Comments are closed.

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