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Tackle Today: 3 Groups

March 31, 2020

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Where do you fall?

Recent volatility has caused much of the investing and trading community to re-examine where we are and where we’re heading over time with stock prices.  There are many data points, storylines and issues that can put you in one camp or the other.  The question to ask yourself is ‘what is my investment thesis?’  Essentially, what do you believe is the most likely outcome from all of the recent news on the markets moving forward, and how will you approach trading and investing based on that thesis?  There are 3 main camps that can be described in the following ways

Group 1 – Buy the dip – sooner than Later

Group 2 – Buy when there’s more information – once it becomes clear

Group 3 – The markets have turned bearish – take action to protect and profit on the downside

Only time will tell who will be correct.  But it’s important to start building a strategy on how you’re going to approach trading and investing in these markets, now.  We discussed all of these ideas on our latest podcast at Trading Justice.  Give it a listen, you will come away with some insight.  As you move forward, day by day, here are some simple things you can do to stay data driven, build a thesis and make the best decisions you can to put profit into your account and control the risks.

  • Run your daily routine with step by step checklists to avoid distractions
  • Plan your trade and trade your plan
  • Only live trade strategies and systems that you have tested and know work
  • Continue your education through webinars, forums, backtesting and practice
  • Map out the risk and reward on every trade you take
  • Plot the potential risk and reward outcomes on your long term investing based on your investing thesis’
  • Keep emotion out of your trading
  • Have conversations with other trusted sources to make sure you’re thinking clearly
  • Journal your trades to ensure record keeping is prompt

It’s important that you stay data-driven, focus on your trading plan and execute your system in ANY market condition, but right now, with the volatility at record highs, it’s a reminder to do so immediately. If there’s anything you need to help you with this process, or point you in the right direction of self-study, email us at [email protected]


Chart of the Day

VIX

The Volatility Index remains at elevated levels while market participants continue to price in the potential for big swings. 

Video of the Day

Daily Routine

One of the most important thing you can do on a daily basis is to run your Daily Routine.  If you need some help, here’s a great video on how to create your daily routine in 4 steps.


Today’s line up

Traders Lounge 11 AM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

The Coaches Show 8:30 PM EST

This is our weekly MasterMind group. Join the coaches tonight, 8:30pm EST to discuss the markets and help you prepare for the week.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.


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