Tackle Today: Mission Accomplished
November 23, 2021
≈ Thanks for watching! ≈
Traders,
Our Swing Trading 101 webinar was a smashing success last night. All who participated came away with a more profound knowledge of technical analysis, pattern recognition, and Marty the elephant. We tapped into the timeless wisdom of legendary trader Jesse Livermore who knew a thing or two about making money.
“There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.”
Jesse Livermore
“Do not anticipate and move without market confirmation- being a little late in your trade is your insurance that you are right or wrong.”
Jesse Livermore
“Buy rising stocks and sell falling stocks.”
Jesse Livermore
“It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance.”
Jesse Livermore
Veteran #TeamTackle members should recognize all four of these principles. We’ve parroted them in one form or other dozens of times throughout our education. Here might be another way of expressing them.
“Patterns repeat.”
Tackle Trading Coaches
“Wait for a trigger before entering a trade.”
Tackle Trading Coaches
“Trade with the trend.”
Tackle Trading Coaches
“Making money is far easier with education.”
Tackle Trading Coaches
If you missed last night’s entertainment and the introduction to our Holiday sale on Tackle products, you can catch the replay below or on our Youtube Channel.
#TeamTackle
Chart of the Day: Tech gets Wrecked
The technology sector (XLK) finally saw a significant reversal candle. We call Monday’s candle an outside day or bearish engulfing candle because it traded above the previous day’s high but then tumbled and closed below the prior day’s low. The high volume added significance to its warning sign. It doesn’t necessarily mean the tech sector will go into a downtrend. However, it does mean the momentum of the red-hot uptrend will likely cool for a spell.
Video of the day: Swing Trading 101 – Lessons from Jesse Livermore [Webinar Replay]
Last night Coach Matt did an amazing job teaching trading principles during our Swing Trading 101: Lessons we can learn from the great Jesse Livermore.
In this webinar you will learn:
✅ What is Swing Trading
✅ The 3 Pillars to Technical Analysis
✅ Price Cycles in Uptrends and Downtrends
✅ Key Technical Patterns
✅ How to use Support and Resistance
✅ Lessons from Jesse Livermore that we can apply in today’s market
✅ Case Study’s on Current Market examples
At the event, we announced our Holiday Sales where our Pro membership, Premium Systems, and 1-on-1 Coaching Program are being offered at a great discount!
Today’s line up
Tales of a Technician: Return on Time Invested Redux
Today I want to revisit the concept of Return on Time Invested (ROTI) as it relates to managing naked puts and bull puts which are the most common strategies I wield in my Team Phoenix Trading Lab.
Traders Lounge 11 PM 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 8:30 PM EST
This is our weekly MasterMind group. Join the coaches tonight, 8:30 PM EST to discuss the markets and help you prepare for the week.
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.
Financial freedom is a journey
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