Hello Tackle Traders!  We are back after a short hiatus and we are getting into the good stuff.  We have covered a lot of ground to get to this point.  We have gone through the goal-setting process, we have learned how to set SMART goals and what it takes to make those goals a reality.  We have also looked at how to decipher the fundamentals of a company to make sure we actually want to own it or even trade it.  We then moved onto the wonderful world of technical analysis.  We learned how to read candlesticks and we learned what a trend looks like and how to use it to our advantage.  We discovered that the there are phases to each market and we figured out that adding that to our viewpoint could enhance our success rate.  We learned about support and resistance, this is a way to take the chaos of a stock chart and turn it into something useful.  We learned to recognize the four basic patterns and we also learned there are a bunch of sub-patterns and these can all be used to find high probability trades.  We incorporated volume and indicators on our charts to amp up the quality of our trades.  We learned that some stocks are worth trading and some are not, that was our discussion on liquidity.  We learned where to go to find trades, that was our discussion on scanning for possible candidates.  We learned all about the mechanics of placing a trade and what we need before putting a trade together, that was our discussion on risk vs reward.  We also talked about position sizing which ultimately is the only thing that keeps someone in the trading for a long time.  We discussed ways to add to the probability of a winning trade and that is checking sectors and industry groups to make sure that they are in congruence with our thesis about the trade we are looking to put on.  Finally, we looked at the steps we need to take to put together a trade.  First, we need a market bias, that is we need to know what the overall market is doing before we can examine a small piece of that market.  Then we need to look at our watchlist or scan for potential opportunities.  After we find a suitable candidate we need to find out where we get into the trade, where we get out and how much potential the trade has, this was our discussion on the SET principle.  After we get the SET numbers we then need to find our the max risk we can take and that is where our position sizing comes in.  After that, we enter the best trade and then monitor the trade and adjust as required and then finally journal our trade so that we can learn the lessons from the both the winning and more importantly the losing trades.  This makes up the process of trading.  This week I have put together a video that goes through the first 3 steps of placing a trade.  Check it out and then come back next week where we will go through the rest of the steps and we will initiate our first live stock trade and follow it along to its natural conclusion.  We will go through the exact orders and the journalling process as well.  Enjoy the video and leave some feedback!