11 Minute Read

Tackle Today: Never lower your guard

January 29, 2020

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"You never got me down, Ray!" Raging Bull, 1980. Never lower your guard | Tackle Trading
“You never got me down, Ray!” Raging Bull, 1980.

≈ The month is not over yet. ≈

Sometimes we are so focused on trading just a handful of stocks or even tracking closely the basket of stocks we are holding long-term and our consolidated ROI for the entire month that we forgot that one week, one single week, can mess up with everything.

This is what we are referring to:

+ Big names in the S&P 500 reporting earnings
+ Coronavirus
+ Wed Fed (here they come again)
+ Consumer Confidence
+ Advance GDP
+ US and Chinese PMIs

In Brazil, there is a saying that goes like this: “You only shout GOAL when the ball hits the net”. With some variations here and there, but you get the point.

It’s when the month approaches its last days really fast, like a time decay curve, and you find yourself cheering for a positive consolidated ROI, it is exactly in that moment when you lower the guard that the thin ice cracks below your feet.

Here’s an excerpt of last Saturday’s Tackle Newsletter, written by Coach Marques:

“This week we have a lot of fan favorites reporting with the biggest being AAPL on Tuesday after market hours. With the main blue-chip companies reporting this week, their outcome can have an influence on how the market reacts following the numbers reported especially within their sector. So keep your head on a swivel with what you have currently in your portfolio with those that may not even be reporting this week.

In other news, crude oil and natural gas are riding the same train southbound. […]”.

Coach Tyler Craig also gave great support to #TeamTackle regarding the market gap down in the Tales of a Technician blog and the Traders Lounge, all available on our website.

There is no excuse to lower your guard. The month is not over yet.

Chart of the Day

Where are countries in their economic cycles?

Chart of the day: Where are countries in their economic cycles? Source: Vanguard economic and market outlook for 2019: Down but not out (Vanguard Research, December 2018)

“[…] The typical business cycle is characterized by an economy moving through a series of states: early cycle, when growth recovers strongly after a recession; mid-cycle, as an economy approaches and then exceeds full capacity and growth peaks; and late cycle, as the economy slows down and tips into recession again.”

Source: Vanguard economic and market outlook for 2019: Down but not out (Vanguard Research, December 2018)

Note: The chart above is from December 2018 so do expect some changes in each position regarding their particular economic cycle.

Video of the day

Why Planning Doesn’t Matter in Trading

Coach Noah Davidson talks about the importance of taking action in trading.

Today’s line up

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 Replay

If you missed last night’s episode where Coaches Mark Justice and Tyler Craig talked about How to Use Moving Averages or would like to watch it again, check it out here.

S.T.E.P. MasterMind Group 8:30 PM EST

Make sure to attend the Monthly S.T.E.P. System Mastermind Group and learn directly from our experienced coaches and see for yourself exactly how to apply the S.T.E.P. system discipline in the current 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.

Trading Justice Podcast

Trading Justice Podcast Episode 358: The Coronavirus

In this episode of the Trading Justice Podcast, we discuss the implications of the recent outbreak in China of the coronavirus. What does it mean for stocks moving forward? Listen to the episode in the player below:

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