≈ A Fresh Start. ≈
There’s a metric that traders around the world track. Some follow it daily. Others check it weekly. Some degenerates stare at it minute to minute. It’s the scoreboard that tallies your performance, and it’s known as the P/L YTD. For the uninitiated, this all-important data point stands for profit/loss year-to-date. Whatever it looked like last week, however great or terrible, matters no longer.
It’s a new year. The slate has been wiped clean. Prior victories and defeats no longer impact this number. You’ve been gifted a fresh start.
What are you going to do with it?
2022 can be the best year of your trading career if you’ll allow it. Do more of what works. Do less of what doesn’t. Make a list of yesteryear’s mistakes and commit to never doing them again. Focus on what you can control; ignore what you can’t.
Take a new trading course, learn a new system. Expand your knowledge. Get engaged. Join our Discord channel and start sharing with the community. You’ll be the one that benefits the most.
You’ve got an entire year to build your P/L YTD to the moon. Get started.
Chart of the Day: Taiwan Semiconductor Awakens ($TSM)
Taiwan Semiconductor rocketed higher to kick off the New Year. Shares were up 7% in midday trading, breaking out of a nine-month base. You know what they say – the longer the base, the higher in space. TSM wants to revisit its old peak of $142.20. Oh, and did I mention Taiwan Semi is on the 2022 Tackle 25 list?
Video of the Day: How to use the Boomerang Strategy to Trade Fundamentally Strong Stocks for Cash Flow
In this Tackle Trading webinar, Coach Tim will teach you how to use the Boomerang Strategy where you use Short Puts and Covered Calls to generate cash flow using strong fundamental stocks. Naked Puts and Covered Calls are core options strategies and are primarily used by traders to generate positive theta i.e. Cash Flow through their trading.
In this webinar, you will learn:
✅ What is a Naked Put
✅ What is a Covered Call
✅ Which types of stocks are used for the Boomerang technique?
✅ Basic Technical Trends and Patterns for Boomerang candidates
✅ Option Contract Basics
✅ Option Strike Prices
✅ Option Expiration Dates
✅ The Power of Compounding Returns
✅ Proper Mindset for Cash Flow Trading
Today’s line up
Tales of a Technician: The Math of Making Money
I’m prepping for this Wednesday’s Team Phoenix trading lab and thought it would be nice to share my notes and process for piecing together a presentation. The topic is: The Math of Making Money, and will focus on how it pertains to the Tackle Trading Trade Journal and the strategies we use in my lab. Namely: scaling credit spreads, naked puts, covered calls and boomerangs.
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
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.
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