≈ Do you review your trading journal properly? ≈
Market’s are slightly up in early trading Wednesday as the momentum of the bullish trends continues to power stock prices higher. The strength of this rally has been impressive, and many trader’s wonder when the momentum will stall and give them a pullback in prices.
It is important to remember, your job is to trade the market you have, not the market you want. As a trader, it can be difficult to remove your emotions and opinions from your daily routine. But it is especially important to stay rule based and make your decisions on the information you have in front of you. System based trading is the best way to trade the markets – where you simply follow your defined trading plan and rules.
Tonight, during our weekly YouTube special webinar, Coach Gino is going to teach trader’s how to use their trading journals to better understand their trading results, strategies and confirm their trading system. So many young trader’s make decisions on which strategies to use without enough data to build a statistically significant sample set. You do not want to do that. Put the time into practicing your trading strategies, journaling your trading strategies, and then analyzing your results. This will help you build your overall confidence and consistency in your trading.
If you’re a PRO member, you can start the System Development 101 course to better understand system building: https://tackletrading.com/course/system-development-101/
And do not miss the webinar tonight. Listening to a veteran trader like Coach Gino teach how he analyzes trading results and journals will be worth your time. Join us at 7 pm EST: https://www.youtube.com/c/TackleTradingTeam
Chart of the Day
Microsoft (Ticker: MSFT) Daily Chart
$MSFT has been a strong performer in 2020, up 44% YTD. It’s also a Tackle 25 stock, which is fundamentally strong and great for Covered Call trading. You can review the Tackle 25 list here: https://tackletrading.com/tackle-25-2020-edition/
Video of the day
Picking good Covered Calls
Using the Theta Spreadsheet, you can research your Covered Call trading candidates and stay organized. In this tutorial, Coach Tim does a Covered Call scan and analyzes which candidates are best from the research.
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.
Coaches Show Replay
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.
YouTube Special – Analyzing Trade Journals 7 pm EST
Join us for a special webinar with Coach Gino at 7 pm EST on Trading Journals and analyzing trading strategies.
Tackle 25 MMG 8:30 pm EST
Join our monthly mastermind on how to trade the Cash Flow Condors System.
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