9 Minute Read

Tackle Today: The Myth of Being a Trader (Part 1)

April 6, 2019

By | No Comments

Tackle Today: The Myth of Being a Trader (Part 1) - (Photo by Aron Visuals on Unsplash)

≈ You must be so smart! ≈

Pearl Li here.

Yes. I get this a lot, especially when I tell people I trade and invest for a living.

Their first reaction often falls along the lines of, “You must be smart.” I tried to explain that, “I just did this for a while and under the right education became consistent enough to make a living.” and then, a silence ensues a bit ending with the conclusion of, “No, I think you are very smart.”

As much as I love a good compliment and will often just accept it out of social politeness, it’s hardly the whole story. It’s not that I think being smart is not a good trait but I must admit it’s just not a critical factor of your overall success.

I know, we seem to value being smart above everything else these days, but I can attest to the fact that being smart has often sabotaged my own success in trading.

Read the full story “The Myth of Being a Trader (Part 1): You must be so smart!” HERE.


Chart of the Day

Trader’s Success Factors

Tackle Today: Trader's Success Factors chart.

“Overall, in my development, where do I see being smart fit? What are the key characteristics of a successful trader?”

Read the full story HERE.


Video of the day

How to Scale Out a Position after it hits the target

Coaches Matt and Tim talk about how to scale out of a position when it hits your first target.


Today’s line up

Options Theory

How to Add $500 to Your Trading Account

I was listening to a podcast the other day when the host mentioned an easy way to nab $500 with little effort. If you read through this entire article I’ll share how you can double it to $1k.

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.

Cash Flow Club Replay

If you missed last night’s episode where Coach Tyler Craig talked about Relative Strength or would like to watch it again, check it out here.

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.


Tackle Trading: Financial Freedom is a Journey. Sign up now for a 15-day free trial.

Financial freedom is a journey

The Tackle Today series is brought to you by Tackle Trading.

Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.

# Sign up now for a 15-DAY FREE TRIAL #


Legal Disclaimer

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.

Leave a Reply

Chart Modal

Tackle Trading