Tackle Today: In the beginning…
February 12, 2019
≈ 2019: A Trading Odyssey ≈
In the beginning, there were the financial markets. People would stare at them and start reasoning about what to do with them. Then, one-by-one, they decided to try and invest, trade, buy and sell. Some got broken along the way and promised never to go back there again. Some did succeed by having the momentary companion of Lady Fortune, after which, they got broke and promised never to go back there again.
But some strived and succeeded. And continued. And succeeded again. And stumbled upon a large number of obstacles. And learned from their mistakes. And succeeded again, over and over again.
These individuals became legends. From legends, they became myths. And as myths, they made it to the eternal Investors Hall of Fame.
What are these individuals? Geniuses? Beings from another dimension? Robots disguised in human flesh? What do they eat? How did they survive the elements?
You don’t need any extraordinary math skills or the highest IQ. You just have to have a soul of steel. In the center. Neither falling off of a cliff when you lose, neither popping champagne on every single winning. Stable. Serene. The discipline of a Shaolin monk. The spectator of your own ego. Your convictions and structure will be tested by the markets sooner than later.
Like Antaeus, son of Poseidon and Gaia, as long as you remain with both feet in contact with your mother, the Earth, you will win, otherwise, the markets will defeat you with their Herculean powers.
Chart of the Day
In the beginning
Today’s thought of the day is an excerpt from the latest edition of the Trading Justice Newsletter: “The Holy Trinity of Trading Part I: Portfolio Design”. Go to the Trading Justice website and sign up to receive every month a gorgeously designed PDF with the best trading insights you will ever find in the financial industry. Sign up HERE.
Video of the day
How to perform multiple time frame analysis on a swing trade
In this video, Coach Noah shows you exactly how to do a multiple time frame analysis on a swing trading.
Today’s line up
Tales of a Technician
The Perks of Portfolio Protection
In traditional asset allocation, the way to reduce risk is diversifying your dough out of stocks and into bonds. Since bonds carry less volatility than stocks (not to mention a negative correlation), they dampen overall portfolio fluctuations – particularly in times of crisis. But every pro has its con. In exchange for reduced risk, a higher allocation to bonds comes with lower expected returns.
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.
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