Tackle Today: Pleased to meet you
May 8, 2019
≈ Hope you guess my name. ≈
(“This stock is sure to breakout. Perfect pattern. Let me check… rules… 7 contracts. I’ll double that, 14 calls instead. […]”)
Please allow me to introduce myself
(“Wow, the market is on a 5-month run. No need to buy puts in a market this strong. I’m on a winning streak, won’t hit the brake pedal. […]”)
I’m a man of wealth and taste
(“This stock has a nice premium, price is $7, wow, what a bargain. It’s been sideways like forever. Sell puts… How many contracts? At that price it won’t be a problem selling 20 contracts and stuff my account with cash flow. […]”)
I’ve been around for a long, long year
(“Faith in my chart reading and technical skills, that is what I have.”)
Stole many a man’s soul and faith
(“Downtrend is almost over, hit the bottom, showing a reversal pattern. Pretty soon the position will stop bleeding money. […]”)
Pleased to meet you
(“God, look at this leverage! Imagine how much money I could make with this leveraged product. […]“)
Hope you guess my name
(“Journal. This is nonsense. I don’t need a spreadsheet that tells me my account is growing and my trades are profitable. […]”)
But what’s puzzling you
(“I’ve learned to make money without using a Paper account. Give me a break. Who needs paper accounts just to learn how to enter an order? […]”)
Is the nature of my game
Chart of the Day
The suspense is (definitely) not over
That was the topic for the April 30th article. The suspense surrounding the breakout of the S&P 500—and now the new support found—is still killing and the climax hasn’t arrived yet. Breakout or fakeout? Hold or capitulate?
Video of the Day
How to Analyze a Call Option Trade gone bad
Coach T answers a question from the Clubhouse about a Call Option Trade on VERIZON ($VZ) that has gone against the trader.
Today’s line up
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.
Bear Market Survival Guide MasterMind Group 8:00 PM EST
*New time exclusively: 8:00pm EST * Owners of our premium system The Bear Market Survival Guide are invited to attend. System architect, Tyler Craig, will be showing how to apply the principles taught in the course. You will find the recordings to previous meetings below.
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 320: Gino Poore on Rookie Mistakes
In this episode of the Trading Justice Podcast, Trader and Coach Gino Poore joins us to talk about the top 10 most common mistakes that new traders make that you can learn from. Listen to this episode in the player below.
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