≈ Or: How I started my trading career. ≈

— ACT I: The money —

So I got this money and I want to make it grow. Inflation in Brazil? Always high. The currency is always crashing.

Savings. Meh.
Piggy bank. Seriously?
Stock Market. That’s gambling, my dad said.
Newspaper advise. No comments.
Real estate? Geez, they are selling houses in a favela for $200,000. I pass.
My bank account manager. Sounds like a plan.

— ACT II: In the bank —

(a gorgeous Vogue model blonde comes in)
— Morning. How are you?
— Nice, thanks for asking.
— Coffee?
— Yes, please.
(Lord, how much sugar is in here? I am not an ant.)
— Good?
— Delicious.
— So, how much do you want to invest?
— All in. I got $xxxxx,xx (TOS privacy mode).
(manager opens the desk drawer and picks up a pile of summary prospectus)
— Here. I got these mutual funds that may interest you. This one, in particular, is very good, pays 110% of the benchmark.
(hands out the prospectus to me and start making important calls speaking in gibberish as to sound important)
— Thanks.
(4 pages each, body copy in font size 4, unreadable pie charts, who can read this s***?)
— Can I take this home so I can study it better?
— Sure.
— Thanks. Bye.

— ACT III: Courage —

OK, there’s bonds. Corporate and government. Not the same letter soup. And stocks. And ETFs. What are those? And mutual funds. Which one to buy? Oh, there’s allocation percentage too. Currency, gold. Portfolio. How to build one?

(Google “How to invest” › About 1,220,000 results in 0.68 seconds)

Depressed. Finds a blog. Book recommendation. Gets the book. Starts reading. Word: “Financial Education”.

Finally.

— ACT IV: Here I am —

---

Chart of the Day

SMH (Semiconductor ETF)

Should we call it the “Huawei Effect”? The Semiconductor ETF broke down an important support level @ 105ish on high volume. Some of our regular Scouting Report picks are holdings in this ETF, such as Intel (INTC), Qualcomm (QCOM), NVIDIA (NVDA), Broadcom (AVGO), Applied Materials (AMAT), Advanced Micro Devices (AMD), and Micron (MU).

---

Video of the day

How to Start Paper Trading (in Thinkorswim)

Want to get started Paper Trading or Virtual Trading but you’re feeling unsure how to start? Just get started in a Virtual Trading Account and get started clicking buttons and learn how to buy and sell stocks, options by doing.

---

Today’s line up

Traders Lounge 11PM 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 8:30PM 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 12:30PM 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.

Market Recap

The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.

---

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.