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Tackle Today: It’s Game Time!

November 22, 2021

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The wait is over.

Traders,

Thanksgiving is the second best thing happening this week. The first? Tonight’s Swing Trading 101 webinar. I’ve scanned through the slide deck, and it’s eye-popping and enlightening. What’s more, we’re about to unleash some sweet discounts on Tackle Trading products. Over the last few Tackle Today messages, we’ve covered the power of patterns, Technical Analysis timing tools, and trading time frames. Today let’s address the importance of the reward to risk ratio.

The best charting patterns have two things going for them. First is a high probability of moving in one direction over the other. The second is a favorable reward to risk ratio, which we typically define as two to one.

These two variables are constantly considered in scanning for the best trade ideas during our weekly Scouting Report meetings.

The second characteristic hedges the first. Even if you don’t end up winning more than 50% of the time, a favorable risk-reward ratio can bail you out. For example, if you’re capturing $2 on your average winning trade and only losing $1 on your average loser, then you can have a win rate of only 35% and still come out profitable.

If you’re a stock trader and haven’t been focusing as much on reward versus risk, consider this your invitation to do so. And, for heaven’s sake, clear your calendar for tonight and join us for an entertaining discussion on swing trading.

#TeamTackle


Chart of the Day: Taiwan Semiconductor ($TSM) Awakens

Chart of the Day: Taiwan Semiconductor ($TSM) Awakens

Semiconductors are on fire, with Nvidia, Qualcomm, and Advanced Micro Devices all rocketing to the moon. If you’re looking for other major players that aren’t as extended, consider TSM which is just now breaking out of a ten-month base.


Video of the day: Swing Trading 101 with Matt Justice

Join Coach Matt Justice in this fun and informative webinar that will teach you everything you need to know on the art of swing trading. Attend this event to open your eyes to the real income potential of options trading and stock trading.

Topics Covered

✅ What is Swing Trading: Definition, Types of traders, the 3 Steps to Swing Trading and the 3 pillars of Swing Trading
✅ Types of Trends
✅ Uptrends: Price cycles, higher highs and higher lows, Core 123 pattern
✅ Downtrends: Price cycles, lower highs and lower lows, Core 123 pattern
✅ Support and Resistance
✅ Swing Trading System Rules


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.

Swing Trading 101 with Matt Justice on YouTube 8:30 PM EST

Click on the button below to go to YouTube and join #TeamTackle.

Weekend Reports

Watch the Stock, Options, Commodity, and Forex Reports to help you prepare for the week.


Tackle Trading: Financial Freedom is a Journey. Sign up now for a 15-day free trial.

Financial freedom is a journey

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.


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.

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