Tackle Today: Determining Your Worth
September 16, 2019
≈ Stop fighting for the scraps. ≈
When we are kids we are told to do well in school so we can go to college. When we are in college we are told to graduate so we can get a good job. At our jobs, we are told that if we work hard, we will be rewarded with raises and promotions. In reality, some employers do not even go through the motions to tell us those nice words. The message some employees hear is that they should be grateful they even have a job. Many employers emphasize that employees will be fired if they do not work hard.
In this uplifting environment, individuals work hard to attempt to receive pay increases and promotions. Disappointment and heartache set in when they do not receive that promotion or pay raise. Exuberance sets in when they are given a 6-7% annual pay raise. Get ready to break out the party hats if the promotion comes through and an individual receives a 10-15% raise based on the promotion.
It seems ridiculous when you put it into context, but most people get excited when:
- Someone else determines their perceived worth.
- Someone else determines that their worth should be increased a few percentage points.
A line from the movie Braveheart seems applicable here:
“You’re so concerned with squabbling for the scraps from Longshank’s table that you’ve missed your God-given right to something better!”
We all need to stop fighting for the scraps and seek out something better. There are many ways to start this process but if you need a little push in the right direction, start with determining what your worth and value is, and not relying on others to determine it for you.
Chart of the Day
All-time resistance levels
At the opening bell, we are still fighting with all-time resistance levels. Will this be the week?
Video of the day
Trading Concept Check: Portfolio Design
Watch this quick video to help you make sure you understand the important concept of proper portfolio design for all of your trading and investing strategies.
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.
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.
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.
