9 Minute Read

Tackle Today: TWO STEPS to start

May 6, 2019

By | No Comments

cover img - two steps to start - jake-hills-389-unsplash

≈ It doesn’t have to be hard. ≈

Getting to the point where all of your trading rules are set can seem like a long process… and it kind of is! In making this journey a little simpler in the beginning stages let’s do the technical analysis two-step. 

Step One: Pattern recognition – For those that adhere to technical analysis one of the first things we do is look for certain patterns. Breakouts, support bounces, retracements, cup and handle formation and on and on and on. While there are several different patterns to learn you don’t have to overwhelm yourself unnecessarily. Start with the simple breakout and retracement pattern and go from there.

Step Two: Specificity – Once you recognize a pattern what are your rules for getting into a trade? Don’t be the person who simply places a trade for the sake of placing a trade. Hey, I like Disney let’s buy 100 shares! Nope, don’t do that. Create rules on signals that ENTER you into a trade so you can start trading like a machine.

Recognizing patterns and working on your entry signals sound like a reasonable homework assignment for the week ahead!

Chart of the Day

Disney Earnings

Chart of the Day: Disney Earnings

Disney has been in the news quite a bit lately and produced several short-term profitable trades. Disney made the reports this week with a special play heading into earnings. Check out the Options Report this weekend to check out the analysis!

Video of the day

Trading Within a System

Coach T explains why trading within a system is so important.

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.

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