9 Minute Read

Tackle Today: Directional or Cash Flow trading

August 18, 2020

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How are you tackling this market?


This morning’s market action is mixed as reports from Wal-Mart, Home Depot and Kohls came in regarding their quarterly earnings reports.  As expected, the retailers saw increased sales online compared to in person, and generally beat their expectations for the 2nd Quarter.  Oil is stuck in its range, while gold is pushing near $2000 per ounce and the US Dollar is breaking below support.

These are the themes that have been in place for some time, and the question is: how are you trading them?

When charts trend, directional trading is the best approach.  When charts stagnate, cash flow trading takes the lead.  Many traders use a combination of both, as they build their swing and position trades. 

Using different trading styles, and adapting to changing market conditions, is a valuable tactic to use if you can do so.  It is wise to learn how to day trade, swing trade, position trade, and invest using directional AND cash-flow principles.

You may have your favorite approach, and a developed system.  If so, great!  If not, get to work.  And, even if your system is dialed in, do you know how to adapt to changing market conditions with new techniques if needed? 

Here is a challenge of the day, spend some time evaluating different trading strategies and styles so that you understand them.  Also, think about how they may play a role in your own trading and investing plans as you build your skillsets.


Chart of the Day

Pinterest, Inc.  Daily Chart.

PINS was a bullish pick on this week’s Options Report.  After strong earnings in late July, the stock consolidated until the move today, another break above resistance and you have a new trigger entry opportunity.  Review the entire weekly report here: https://tackletrading.com/options-report-august-15th-2020/

Video of the Day

How to Develop a Trading Identity

Coach Tim goes over the importance of creating your own trading identity.A quick overview of what SMART goals are and how they can improve productivity.

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.

Tackle Trading: Financial Freedom is a Journey. Sign up now for a 15-day free trial.

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