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Tackle Today: Simple is the Solution

February 10, 2021

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Easy as Pie!

Ever feel overwhelmed with trading?  Do you ever second guess yourself after researching a trade?  Do you have the media saying one thing about a company and the chart saying something completely different?  If this is you, you are not alone.  One of the biggest problem’s traders can face is something called paralysis by analysis.  You start to dig into a trade idea and then find yourself getting lost down the rabbit hole?  This is quite normal as there are so many things to think about when it comes to a trade.  You got market sentiment, you have the fundamentals and the technical picture.  What about the best strategy for this particular trade?  What about timing of the trade and the management of the trade?  This can be all very taxing If you let it.  There is good news, YOU can control all of this!

Here’s how you prevent this from happening to you.  You build out a systematic process for sorting all this information out and then you streamline your process over time to grab only the information that helps your trades be successful.  I know your probably asking how do I know what information will make my trades successful?  There are two ways to figure this out, one can practice thousands and thousands of trades and review them to see what worked and what didn’t in each of the different market conditions or one can learn from others and adopt the systems and processes of successful traders. 

If one looks at the processes of successful traders one will most likely find that these processes have been honed down to their simplest form so that they can be implemented most effectively.  It has been said that the simplest solution is often the best and this is especially true in trading.

So, if one wishes to be successful in trading and avoid the trap of paralysis by analysis then all one has to do is find out what successful people do, learn the process and repeat the process. 

This community is full of successful coaches and traders and one only need to seek and though shall find a simple solution to help you become successful.  Simple doesn’t necessarily mean easy but it does mean that it is achievable if one has the desire.

#TeamTackle


Chart of the Day

AES Corporation

AES Corporation (Ticker: AES) was a recent bullish trading candidate from our Stock Report. The stock had a deep retracement with the recent market action and reversed nicely to the upside providing some decent profits.


Video of the day

How to Create Your Daily Trading Routine in 4 Steps

Here is a video on building a daily routine, this is the first step in streamlining your process this comes directly from successful traders and it keeps things simple.


Traders Lounge 11 AM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

Coaches Show Replay

If you missed last night’s episode where Coach Tyler Craig Earnings Season Best Practices or would like to watch it again, check it out here.

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.

Trade Masters 7:00 pm EST

Join us for a special webinar with the coaches where they’ll analyze some trade setups.

Bear Market Survival Guide Mastermind 8:30 pm EST

Join the Tackle 25 Mastermind group tonight with Coach Tyler to learn more about Covered Calls and management.


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