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Tackle Today: Simple AIN’T Easy

February 11, 2020

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Tackle Today: Simple AIN'T Easy

≈ From AIN’T to AND. ≈

“Why do we assume that simple is good? Because with physical products, we have to feel we can dominate them. As you bring order to complexity, you find a way to make the product defer to you. Simplicity isn’t just a visual style. […] It involves digging through the depth of the complexity. To be truly simple, you have to go really deep.”

Jonathan Ive on “Steve Jobs” by Walter Isaacson —

Although used as synonyms, simple is not the same as easy. To get to a state of simplicity, you have to dig through the depth of the complexity. Get your PC, for example, and try to get rid of all the visible screws. I bet it’s going to fall apart.

When talking about portfolio design, we can go into the depths of complexity and come out with something as simple as:

  • 90% allocated in hyper-conservative assets;
  • 10% allocated in hyper-aggressive assets;
  • 0% allocated in mild risk.

Simple? Sure. Now try to build a portfolio like this.

Now options. Anyone can buy a call option in no time: ASK › SEND ORDER › TILLILLON. Then come the complications:

  • Which strike?
  • Which expiration date?
  • Which underlying asset?
  • What about earnings?
  • Dividends?
  • Volatility?
  • When to get in?
  • When to get out?
  • How many contracts?

That is when you know you’ve got the make the “simple” also “easy”. How? Following four simple steps:

Step 1: Learn a system
Step 2: Learn its rules
Step 3: Follow its rules
Step 4: Practice

Now, Simple AND Easy.


Chart of the Day

The Electric Burger

Source: @charliebilello on Twitter

This chart from Feb 4th shows that Tesla’s market cap passed that of McDonald’s. The Cheetah vs. Ronald the Clown.

Can anybody tell me what’s wrong with this picture?

(Source: @charliebilello on Twitter).


Video of the Day

Simple Ain’t Easy

Simple Ain’t Easy (Over My Head) by Christopher Dallman. From Hallmark’s “Nearlyweds”.


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 8:30 PM EST

This is our weekly MasterMind group. Join the coaches tonight, 8:30pm 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.


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