Tackle Today: How to trade in a market like this❓
June 4, 2019
≈ It only takes 2 S.T.E.P.s ≈
Yesterday, one of our power users at #TeamTackle, Justin Driskell, asked an interesting question in the Clubhouse. We highly encourage you to read it and also answer him here.
We hear you, Justin. It has been, indeed, a challenging environment, especially for new traders. The last couple of years got me thinking WHO are the REAL market makers and movers.
Trump moves the market.
(I want to go long › “Deal with China is coming to a happy end.”)
Xi Jinping moves the market.
(I want to short the market › “Deal with Trump is tanking.”)
The FED moves the market.
(I don’t want to lose my job › “We are halting rate hikes.”)
Twitter moves the market.
(“We are the new Thinkorswim platform.”)
We, mere mortals, on the other hand, have to open the trading platform, run numbers, study hard until our brains start to melt and, still, watch our positions run into the red. We don’t have this exclusive power to open up the Twitter box and move the tides in our favor.
So, how to trade in a market like this?
S.T.E.P. #1: separate your ego from your pocket. The market neither loves, nor likes, nor dislikes you. You don’t need to be right, you need to make money.
S.T.E.P. #2: Have a system that you can rely on. One that you can diligently apply on the best trading setups you can find, independently of the market conditions.
The first S.T.E.P. is up to you. But the second S.T.E.P. is all up to us. You won’t find any other financial education company out there that gives you the fish and also teaches you how to catch it.
We will be releasing tomorrow, June 5th, at 8:30 PM EST, our first swing trading system that is entirely based on the famous Scouting Reports: the S.T.E.P. System.
Let’s break the Zoom room. Sign up HERE.
Chart of the Day
Why the S.T.E.P. System?
The image above is another sneak peek at the S.T.E.P. webinar presentation. You won’t believe what Coach Noah Davidson is preparing for you all. Don’t miss it, sign up here.
Video of the day
Get Pumped for the S.T.E.P. System
The swing trading system that has made Tackle’s Scouting Reports so famous is now finally revealed. Don’t miss out on this fun and informative webinar, sign up now!
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.
The Coaches Show 8:30PM 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 12:30PM 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
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.
Financial freedom is a journey
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