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Tackle Today: Tales from the Trading Crypt ⚰️

October 31, 2019

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Tackle Today: Tales from the Trading Crypt ⚰️
“Christian, come, come marry me… Leave your family… Invest in our mutual funds… Trust me…”

« The horror, the horror… »

Today we celebrate the horror in trading and investing. We all have scary moments to share. Horrible nightmares we can’t wake up from. Today, the world we see and know finally approaches the liminal stage, thinning the boundaries with the Otherworld.

If you stop to think about it for a second, the financial markets are a pool of horrific creatures:

Mutual funds with obscene fees
Plug & Pray trades were we kill winners and hold on to losers
Positions you pay to get it and pray to get out
Financial advice from hell
Specialized media
Analysts’ estimates
Negative yield bonds
Inflation
Quantitative easing
Fiat currencies
Market crashes
Penny stocks
Trade war
Twitter
Black Swans
The uncertainty of the future
Crocs
Beyond Meat


The horror, the horror. The list is endless.

Father Guido recorded a video with some scary stories on financial advice and trading. Such a wise man who confronted the evil in trading many times. He is to trading what Father Lankester Merrin is for the movie “The Exorcist”.

Although horrifying, my story was pretty simple: I got this money and open a new account on another bank. I wanted to invest, make it grow. Then comes my new account manager, a hot blonde from hell who suggested I park my money on a mutual fund with high fees. She almost ended my marriage too. To complete the story I’ve learned she lived in the same street I did. I then started to silently pray during the meeting. It worked.

— ‘You can’t choose between life and death when we’re dealing with what is in between. Now tell her before it’s too late.’
— ‘Run to the light, baby. Mommy is in the light.’


Chart of the Day

Happy Halloween, buy $Crox

Happy Halloween, buy $Crox

Video of the day

Scary Stories With Father Guido

Join Father Guido Stockaducci for some scary financial advice stories…


Today’s line up

Rookie Corner

The Momentum Tools

Good Day All, Last week we talked about the two different kinds of momentum, technical and psychological. We took a brief look at the technical side from the candlestick point of view and made mention of some indicators that can help us see changes in momentum. This week I want to dive a little deeper into the momentum indicators to see if we can get these to help us understand and flow better with the momentum of the markets.

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.

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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