≈ Remove your biggest 3 losers ≈

The difference between a profitable trader and an unprofitable one is often only a few bad trades. Remove those, and voila! your losing month (or year) becomes a winning one. I’ve looked at countless trade journals, and one of the common themes I’ve noticed is that if we eliminated the worst one to three losing trades, the equity curve would reverse from negative to positive.

No major overhaul is needed. And there’s no need to master some convoluted trade management trick. Just avoid those outsized losses, those negative outliers.

That’s it.

Perhaps they were a result of risking too much in a single trade.

Perhaps they were due to holding into earnings. 

Perhaps they were due to bad trade selection.

Perhaps they were due to breaking a rule.

Identify the culprit and kill it. Your wallet will thank you.

#TeamTackle

---

Chart of the Day

Spot the Outlier

Here’s a trade journal with a decent win rate. But this trader is losing money. Why? Because of a single outlier. One. Bad. Trade. Can you spot it?

---

Video of the day

Docusign – Bull Put Spread or Bull Call Spread?

Coach Emily likes DOCU for a potential trade and the coaches analyze whether it’s a better Bull Call Spread or Bull Put Spread in this chart setup. 

---

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

If you missed last night’s episode where Coach Tyler Craig Earnings Season Best Practices or would like to watch it again, check it out here.

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.

Trade Masters 7:00 pm EST

Join us for a special webinar with the coaches where they’ll analyze some trade setups.

Tackle 25 Mastermind Group 8:30 pm EST

Join the Tackle 25 Mastermind group tonight with Coach Tyler to learn more about Covered Calls and management.

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.