≈Then there will be plenty of time. ≈
Coach Mark here. Markets from the S&P to oil to bitcoin have produced a lot of bullish technical signals in recent weeks, haven’t they? I am a true believer in technical analysis and the ability of individuals to use this knowledge to beat the returns of the boring fund managers of the world. I truly believe this, and nothing can shake me off this belief. Nothing. Traders who are responsible can use the power of technical analysis (along with other trading skills) to consistently work their way towards financial freedom.
If I have this belief, why would I ever do anything that threatens my trading/investing account? Why would I do something reckless that threatens the precious account that I have worked hard in my life to grow and build? There are very few “shove all the chips into the middle of the table” moments in short-term trading. The market is having a great stretch and during these times I have to always make sure that I am not letting greed overcome my senses. We all want to make as much money as possible – as quickly as possible – but when greed rears its head it can often have disastrous results.
If these moves in various markets are real then there will be plenty of chances to make numerous good trades along the way in the coming days, weeks and months. This is something I always remind myself of at the start of what appears to be an invincible moment in the market.
Chart of the Day
S&P Futures
It sure does feel like the S&P 500 is looking to test the all-time highs, doesn’t it? Earning season is providing bulls a much needed catalyst as it attempts to solidify the charts and sentiment of traders.
Video of the Day
Onboarding With Coach Frank
Each week Coach Frank walks new members and visitors to Tackle Trading through all of the features that Tackle Trading has to offer. Watch the video above if you want to check out last night’s onboarding session with Coach Frank.
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.
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.
Coaches Show 8:30 PM EST
Join us every Tuesday at 8:30 PM EST for the Coaches Show! Tonight Coach Gino and Greg will be hosting the event.
Financial freedom is a journey
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