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Tackle Today: Swing Trading with the Second Horseman of the Trading Apocalypse

February 26, 2019

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≈ Learn how to avoid this trap. ≈

I’m a Pro member at Tackle Trading. I love the Scouting Reports they release every weekend but… but… but… well… you know…
I am still afraid of trading the picks. That’s it. Entry, stop, target, position sizing… all those numbers… What if I do it wrong? What if I lose money?

That’s the “Analysis Paralysis” trap, the Second Horseman of the Trading Apocalypse plaguing you.

Analysis paralysis is the state of over-analyzing a situation so that a decision or action is never taken. Most beginners fall into this trap. They over-analyze a position and never move on to further pull the trigger.

If you analyze a position too much, you’re probably feeling insecure and that could mean:

(1) you are not following the rules;
(2) you don’t have rules at all;
(3) you’re seeking the optimal or “perfect” solution upfront.

The result is clear: fear of making any decision which could lead to erroneous results. However, there is a sure-fire way to avoid the Second Horseman: follow the rules.

On our weekly Scouting Reports, we have the numbers. This week we are holding a special live event to talk about the rules: Swing Trading 101 webinar on February 27th, 8:30PM EST.

Instead of not making any decision or taking any action, take action now and register here for the event. Coach Matt will be there as your host to walk you through the Art of the Swing Trading.

That will be the end of the Second Horseman and the beginning of a new moment in your trading career. See you there!

Chart of the Day

Options Report pick, December 2018

Goldman Sachs (NYSE: GS) was one of our picks for the Options Report, back in December last year. The chart above depicts the setup. If you were plagued by the Second Horseman (the “Analysis Paralysis” trap), you would’ve starred at the chart and analyzed the numbers long enough so no action was ever taken. Traders who pulled the trigger following the rules made money. That’s the difference: they have followed the rules with confidence.

Register for the webinar here to gain more confidence and start a new moment in your trading career.

Video of the day

Rules vs Reaction!

What happens when things go the other way and no such avenues present themselves to salvage our positions?  What happens when Mr. Market says it’s your turn to get bit regardless of what you try?

Today’s line up

Tales of a Technician

The Art of Swing Trading

One of the simplest ways to define what type of trader you are is by your time frame. Are you buying and holding for years, months, days, or minutes? In other words, what is the average duration of your positions? Long ago our trading forebearers laid out the classification for trader types. Here are the most popular categories with accompanying definitions.

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.

The Coaches Show 8:30PM 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 12:30PM 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.

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