Tackle Today: The Turnstile Effect
January 15, 2020
≈ Developing your personal paradigm shift. ≈
“The mind that opens to a new idea never returns to its original size.”Albert Einstein —
The telephone took 50 years to reach 50 million people.
Television took 22 years to reach the same number of souls.
Mobile phones, 12 years.
Pokémon Go, 19 days. How unfortunate.
People like speed. The faster, the better. The financial markets could not be different. The “get rich quick” mentality went from endemic to pandemic. From the cab driver to my friend’s mom, anyone can download an app, open an account and start trading (and losing) before they find any Pokémon.
Of course, the speed of things is exciting but do you really think that it can, indeed, transform people’s lives, making them better off?
For us, transformation is the keyword, not speed.
Once you get acquainted with the financial markets and start to understand how it works, how it behaves, once you get to touch the Black Monolith of compounding interest and watch your equity curve become steeper, once you witness the explosive and anti-fragile behaviour of options, once you understand the intricacies of the currency market, once experience the peace of mind of day trading, not carrying any long or short positions overnight, once you become the gardener of your own portfolio, building it to survive any market conditions and a true engineer of your own future wealth bridging the gap between the unseen and the foreseen, once you cross all these turnstiles moving forward you start not to care how fast you change, but the direction, the relevance and the structural changes these things operate on you.
That is how you know you’ve changed things forever. There is no going back. You cannot return to your original size.
Chart of the Day
How Long Does It Take to Hit 50 Million Users?
Access the full-size chart HERE.
Video of the day
Stockman Freud: Trading vs Gambling
Watch the January 14th, 2020 Coaches Show where Coaches Mark Justice and Noah Davidson discussed the differences between actively trading and investing and gambling.
Today’s line up
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.
The Coaches Show Replay
If you missed last night’s episode where Coaches Noah Davidson and Mark Justice talked about Psychology of Trading vs. Gambling or would like to watch it again, check it out here.
Cash Flow Condors MasterMind Group 8:30 PM 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 12:30 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.
Trading Justice Episode 356: Teri Ijeoma on her journey, trading routine, and trading mindset
In this episode of the Trading Justice Podcast, we welcome Teri Ijeoma. Listen in as Coach Tim interviews Teri about her journey’s, her trading routine and her trading mindset. Listen to the episode in the player below:
Financial freedom is a journey
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