Tackle Today: The Stock Market is whatever you want it to be
February 20, 2019
≈ Freedom. ≈
We don’t know how to deal with such a level of freedom.
We look at it, stare at it for a while; we perceive it and interpret it. From that interpretation, we know what to expect from it. And this is what we will be trading from that moment on until we change our perception.
Instead of just a place where we buy and sell financial assets, it can assume any form we wish:
A circus.
A mental institution.
A casino.
A circus inside a mental institution.
A casino inside a mental institution.
A place where you buy bits and pieces of companies.
A warehouse.
A place to profit from other people’s panics.
A place where you’ll never step foot again.
A way of life.
A magical place.
A cold, damp and desolated place.
A perfect place to not have direct contact with another human.
A place where you make loads of money.
A place where you lose loads of money.
A place that is all over the place. Pure Prozac.
A long-term marriage (heaven or hell, whatever that means to you).
A brick and mortar retail store.
A supermarket.
A place where geniuses fail.
A place to breed turtles.
Feast or famine.
A place that looks like the road to heaven but feels like the road to hell.
A place where you buy high and sell low.
A place where you buy low and sell high.
Whatever the case is for you, it’s not the markets you trade, but your perception of it.
…
All we have to do now
Is take these lies and make them true somehow
Chart of the Day
Just candles
If we bring the stock market to the lowest common denominator, we find a place to buy and sell financial assets. Above is the S&P 500 E-mini Futures, YTD (2019). Green candles, red candles, shadows, money flowing in and out, day in, day out, lows, highs, open and close.
But that’s not what we see.
Video of the day
How to use a probability cone
In this video, coach Noah Davidson teaches how to use the probability cone, an indicator that helps to project out the implications of volatility into the future.
Today’s line up
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 Replay
If you missed last night’s episode where Coaches Mark Justice & Grant Larsen talked about the psychological roadblocks to trading 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 next month’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
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 309: Shooting the Bull – The Wolf of Wall Street
In this episode of the Trading Justice Podcast, Matt and Tim Justice invite panelists Mark Justice and Christian Sisson to discuss the movie The Wolf of Wall Street. Listen to this episode on the player below:
Financial freedom is a journey
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