~ Use STEP System principles ~
This week at Tackle Trading we are going to focus on 3 specific areas you need to build a plan of action for.
Financial Education has many important layers to it, but the most important principles have always come down to a few specific areas.
- Saving money (for unseen expenses)
- The proper use of Debt (borrowing responsibly)
- Living your wage (budgeting)
- Investing money (wealth building)
At Tackle Trading, you learn the skills to be a better investor. Reading charts, understanding fundamentals, using options to generate cash-flow and protect your money, day trading, swing trading, position trading and investing are all skills you can use to make money with, when applied properly. In most markets, one of the best places to invest, over the long term, are in stocks.
So, how do you know when to get in, where to set your target and where to set your stop loss when you buy a stock? We call that a trading plan, and there are specific rules on how to build each component of your trading plan.
If you have not yet taken, or completed, the STEP System course, we strongly advise that you start immediately.
S = Stop Loss
T = Target
E = Entry
P = Position Size
Within the course, there are 6 modules, with 3 sessions each (18 total). It is nearly 10 hours in total length and packed with the information you need to develop your rules and understand how to build a proper trading plan for your stock trades.
If you are already a member of the STEP System course, you can access it here: https://tackletrading.com/course/step-the-scouting-reports-system/
If you have not yet enrolled or purchased it, it is being offered at 50% off until July 8th. This is a part of our Independence Day sale, and you can enroll here: https://tackletrading.com/offers/
Commit to your Education and learn to invest with proper STEP based trading plans.
Programming note, we will be holding a special webinar this Wednesday night on our YouTube channel where Coach Matt Justice will be teaching. He is the architect of the STEP System course, the CEO of Tackle Trading, and you will not want to miss this one.
Chart of the Day
NEM Daily Chart
One of the stocks from this weekends Options Report is NEM. It was added to the bullish watch list. Where would you set your Stop Loss, Target, Entry Trigger and Position Size (STEP) on this candidate? Knowing how to build proper trading plans is key for any trader.
Video of the day
Come learn for yourself the value of financial education
Coach Noah shares his thoughts on the value of financial education.
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.
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.
Watch the Stock, Options, Commodity and Forex Reports to help yo prepare for the week.
Financial freedom is a journey
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.
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