≈ You have the rules. Now execute them. ≈
“Nail in my hand, from my creator
Show Me How to Live (Audioslave, 2002) —
You gave me life, now show me how to live”
Tell me: what good are rules without a perfect execution?
We’ve released the S.T.E.P. System back on June 5th. Every week we are rolling a new module out for #TeamTackle. The first 2 modules presented the foundations for the entire system: Technical Analysis. Last week we’ve released the first module containing rules, Module 3: Trading the Bullish Retracement.
From the third until the last module you will learn rules, rules, rules, and more rules. This is when things can get tricky to some traders. Do you remember what Richard Dennis, the father of the Turtles, once said?
“I always said that you could publish my trading rules in the newspaper and no one would follow them. The key is consistency and discipline.”
Richard Dennis —
Great ideas and great mentors DO NOT equal great systems. A great system equals rules and execution. We are putting all our effort and dedication into the S.T.E.P. System, however, in the end, it’s all up to you. If you don’t execute the rules, the system will be just it: a lifeless creature. Show it how to live.
Tomorrow we will be rolling out Module 4: Trading the Bullish Breakout. Stay tuned.
Chart of the Day
System = Rules + Execution
This image was taken from the System Development 101 video series, available HERE for PRO Members. It depicts four situations one might encounter when dealing with trading systems. It’s pretty self-explanatory. There is only one way that a trading system can work.
Video of the day
Trading within a system
Coach Tim Justice explains why trading within a system is so important.
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 8:30PM 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.
Financial freedom is a journey
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