≈ Keep It Simple = Success. ≈

Beth Salamanca here.

“Keeping It Simple” was something mentor Tim ingrained in me. Back then, I was way too complicated: I over-researched, over planned, and over paper-traded. I’ve grown quite a bit since then, but I can still revert to type unless I remind myself about KISS!

Over time, and with the help of Elite Instructor, Micah Brooks, I’ve been able to crystallize with a laser-like focus on what my trading is all about:

My KISS philosophy is to be a nimble active trader, rotating stocks and strategies depending on market conditions. I never enter more than two trades a day. I sell options when implied volatility is high, and buy options when IV is low. I use a high probability of profit (POP) of 85% or better. And I always have a predetermined exit strategy.

This way, I clear out the noise while increasing my profitability. No wasted motion.  No bad habits. I stay focused on what works for a changing trading environment, and I have the profitability odds on my side. I’m not skilled in all of the options strategies–only the basic ones. Nonetheless, we can still profit from doing the strategies we know, and doing them well.

In life, I learned success is not only what we do, but also what we don’t do. My KISS formula is a simple program for a complicated person. It keeps me on track doing what I need to do and keeps me out of the weeds on what I need to avoid. It allows me to use my limited time wisely to achieve results. Finally, it focuses me on doing what I can—when I can, and prevents me from spinning my wheels on doing what I can’t. You too can achieve trading success using the “Keep It Simple = Success” method. 

For more details, check out my blog, “My What: K.I.S.S.”.

Chart of the Day

Accenture Break Out

Accenture’s Q2 earnings shows strong performance reflecting continued demand for their consulting services and execution of their growth strategy. Revenues of $10.5B. Raises business outlook for Fiscal 2019.

Video of the day

How the FED uses economic data to adjust policy

Starting with the unemployment report, Matt begins to talk about how the Fed uses economic data to adjust policy.

Today’s line up

Options Theory

Searching for Profits in the Google Pullback

As I was scroungin’ around for an idea to write about, I started thumbing through my carefully curated watchlist and came across a beautiful chart. One that demanded my attention and, indeed, affection. I’ve been staring at it for minutes now, and the connection is undeniable. But I’m not selfish. My mother taught me to share, so share I will.

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.

Cash Flow Club Replay

If you missed last night’s episode where Coach Tyle Craig talked about chart reading, technical analysis, and indicators or would like to watch it again, check it out here.

Women in Trading Live Webinar 8:00PM EST

Once a month we’ll be hosting a live webinar featuring Women In Trading. Get in the game!.

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.

Trading Justice Episode 314: Emily Muiruri on Women in Trading

In this special episode, Matt Justice interviews Emily Muiruri, a long-time friend trader, investor, and Coach, dedicated to bringing financial education to women through her project Women in Trading at Tackle Trading. Listen to the episode on the player below.

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