≈ No more! ≈
A simple message to start your week off for all of us in the Tackle Trading community. Zero excuses this week on why we do not achieve our weekly goals. Excuses are like air, they exist constantly surrounding you wherever you go. Excuses are common:
- When you ask a six-year old why they didn’t do their chores, they might respond with “I forgot.”
- When you ask your employee or co-worker why a project isn’t completed they may respond with, “I didn’t know it was a priority” or “I have not had enough time.”
- When you ask your congressman why the government is a mess you likely will get a long-winded response on why it is everyone else’s fault but theirs.
We all have other things in life pulling at our time and energy. There are always reasons (aka excuses) why we didn’t accomplish more in any given time period. It is time for all of us to become the type of individuals who eliminate excuses and take responsibility for our actions. It is time to become the rare individuals that others can look up to as a model of accountability and performance. It is within each of us to achieve great things so let’s set high goals this week and accomplish those goals.
Write down right now what you want to do with your trading this week. Then your next step is to do it! Feel free to share with us at team@tackletrading.com what you want to accomplish as we are here to listen and give any advice that might help you reach your weekly goals! Kick some this week team, kick some!
Chart of the Day
SPY
Weekly moving averages are very underrated indicators and as you can see on the SPY it has held its weekly 5 EMA 12 straight weeks! Finding indicators that can help you judge pullback opportunities can be powerful tools to help you succeed in trading.
Video of the Day
What Are Descending Channels
A descending channel is the statistically range bound price action of a descending price trend contained between downward sloping parallel lines.
Today’s Lineup
Coaches Lounge 11am 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.
Market Recap 4:30pm EST
The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.
