≈ Upside down. ≈
This week we’ve published what looks like a Triangle Series. First, the Trilemma, second, The Holy Trinity of Trading and today, finally, the Trading Pyramid.
Markets can be intimidating, especially for new traders and that’s no wonder. A behemoth that moves trillions of Dollars per day within its unique anabolic and catabolic processes, creating and destroying wealth in the blink of an eye. Sounds scary, for sure.
That is why trading requires structure, process, and discipline. Without those, it’s just another hobby with play money. A true business is not like that, though.
The good news is that it only takes seven steps to get your things together and start trading like a professional. Not seven days, like little Samara Morgan would tell you on the telephone, but seven steps.
The first step when approaching the financial markets is to conduct market analysis. This means that you need to survey the overall financial markets to get a read on what’s happening on the technical charts, in the news, and around the world. This is called a top-down approach to the markets. The ultimate goal here is to develop a market posture.
When you invert the pyramid and start from the broad, funneling down to the individual, things start to make sense, they start to click, they become a process.
Stay tuned, traders. We are about to release a free training that will bring method to the apparent madness of the markets.
Chart of the Day
The Trading Pyramid
This is a sneak peek of the new training series we are designing here at Tackle Trading. Start at the top of the markets and funnel your way down to individual securities. That will bring order to the apparent chaos of the markets.
Video of the Day
Understanding the Market Sectors
Coaches Noah Davidson and Gino Poore talk about how the market sector can be changed by current events.
Today’s Lineup
Traders 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.
Cashflow Club 8:30PM EST
Held every Thursday before Friday’s option contract expirations, this show helps you perfect your favorite cashflow strategies.
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.
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