≈ Put yourself to the fullest. ≈
We know little to nothing about anything. About trading. About life. About how to build successful businesses, loving families, and stable relationships. Just when we think we already have the profit in our pockets, the markets turn the tides over our heads in a blink of an eye. Just when we thought all swans were white, there was this black one there to prove us wrong.
The lenses we use to see the world and filter it out so we can interpret it and take action accordingly is all ours, so:
We must not blame the unpredictability of the markets;
We must not blame oil prices;
We must not blame Trump tweets;
We must not blame the opacity of the future;
We must not blame other people.
Ideas and opinions are worth nothing without exposing them to the wild and concrete world, to the practical side of things. You can be as smart as Buffett and Munger combined and come with the greatest investment strategy of all time. Always give yourself a good hard pinch on the arm everytime you think you know it all and take full responsibility for the success or failure of your trading business. Be prepared to be wrong because, most of the times, we are anyway.
Remember: intelligence and self-criticism are siamese twins. At the end of the day, we know little to nothing about anything. We are just well-developed monkeys tinkering our twisted reality to see if we can navigate through it without bashing on the walls too much.
Chart of the Day
THE 4 MILLION-YEAR CUT
I am putting myself to the fullest possible use, which is all I think that any conscious entity can ever hope to do. (HAL 9000)
Video of the Day
Ask for Help
Coach T’s thought of the day is to ask for help. If you’re a student and need help or clarity, ask someone for it.
Today’s Lineup
Coaches Lounge 11am 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 Replay
If you missed last night’s episode where Coach Noah and Coach Gino talked about using scouting reports to find set-ups or would like to watch it again, check it out here.
Cash Flow Condors MasterMind Group 8:30PM EST
The Condors for Cash Flow system is a high probability option selling strategy designed to generate passive income over time. Join us tonight to go over January’s and February’s orders.
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 4:30pm EST
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.
Trading Justice Podcast Episode 295: Forex Fundamentals
Today on episode 295 of the Trading Justice podcast, the topic revolves around Forex and Forex trading. Your hosts Matt and Tim Justice discuss the fundamentals of the global trading market and how traders can profit in their trading through this knowledge.
