10 Minute Read

Tackle Today: How to deal with indifference

September 17, 2019

By | No Comments

UV photograph (AS15-99-13488) shot by Apollo 15 Astronaut Al Worden of a crescent Earth seen during the return home from the Moon - Apollo 15 Mission, August 4th, 1971
UV photograph (AS15-99-13488) shot by Apollo 15 Astronaut Al Worden of a crescent Earth seen during the return home from the Moon – Apollo 15 Mission, August 4th, 1971

≈ A quick guide. ≈

“The most terrifying fact about the universe is not that it is hostile but that it is indifferent; but if we can come to terms with this indifference and accept the challenges of life within the boundaries of death, our existence as a species can have genuine meaning and fulfillment. However vast the darkness, we must supply our own light.”

Stanley Kubrick —

The stock market is indifferent to us. Prospering in it is an exercise of humility, balance, patience, and moderation. How can we come to terms with such indifference? Here are four tips:

1)

Have patience and free cash. You don’t move the markets but follow them, so, be patient and wait for the right time. Sooner than later, the market will grant you access to a nice setup. Free cash is your ammo.

2)

In order to jump into a nice opportunity, you’ve got to be prepared. That means less ego and more discipline. Ego obfuscates reason which leads to bad decision making. Replace it for discipline.

3)

Don’t be a dog chasing cars. If a stock is up too much like a rocket or down too much like a falling knife, chasing it can lead you to a disaster.

4)

Work on a balanced and flexible portfolio. The portfolio design should reflect your financial goals, personality, trading skills and, above all, it should match the market conditions.

The good thing about being a trader is that there is a market for everyone out there. Including you. If you can deal with its indifference.

“Now I will tell you what I’ve done for you
Fifty-thousand tears I’ve cried
Screaming, deceiving and bleeding for you
And you still won’t hear me”


Chart of the Day

Dog chasing cars

Chart of the Day: Crude Light Futures

Looks like Saudi Arabia’s air defense was prepared for F-35s, not cheap drones. As a result of the airstrike on Saudi Aramco, Crude Light Futures spiked yesterday. Did you make money or felt like a dog chasing a car?


Video of the day

Stock of the Week: GOOGLE

In this video, Coach Cody Maki shares his analysis on Google.


Today’s line up

Traders Lounge 11 PM 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 Gino Pore and Mark Justice tonight, at 8:30pm EST to discuss Put Ratio Backspreads from the Tackle Trading Playbook 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.

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.

Leave a Reply

Chart Modal

Tackle Trading