I’ll be the first to admit I don’t know how I graduated from college (Virginia Commonwealth University), I breezed pass high school with a 3.2 gpa without any concrete study skills and I reaped the consequences once college came around with more complex exams in front of me to pass. The reason for that to be honest, I didn’t enjoy what I was studying and I didn’t have the discipline to do what was necessary for me to take the necessary amount of time I should’ve preparing for tests once they became challenging. I believe there are a lot of individuals out there in the same situation, but what if you asked that person or myself to study something that they enjoy doing? I’ll use myself as an example, I like to lift weights and asking me to spend hours on YouTube watching experts in this field explain their theory on fitness and what it is that they do to enhance their performance is something I can do for quite a bit of time. Reading about nutrition and how to become a physically stronger individual is what keeps me motivated and excited to be better everyday and it’s a continuous education that you never stop yearning for. Now I’m not going to go into a fitness lecture because I know that’s not everyone’s thing in this community but obviously trading is!
With a four year degree learning about business, finance and economics I never enjoyed learning more about these topics until I was introduced to trading back in 2016. I remember after committing to extending education with Legacy, I studied every single day after work like I should have been studying in college. Even after a long day sitting at a desk, I had the mental stamina to want to be better at trading because I was so focused on making it work since I finally found a way to trade the stock market without guessing. Stocks and wall street were always something I admired from a far especially after watching movies like Wall Street with Michael Douglas and Trading Places as a kid, I wanted to be them but never knew how. Now I quickly found out that’s now how it really goes from what the movies betrays, but I loved that with studying trading I became more involved in understanding economics, the federal reserve, what causes recessions, quantitative easing you name it. I felt like I was in school again but for something I enjoyed learning because it helped me understand how money works, which in return made me more aware of how I want to invest my money in a way I never knew how to. A common question I get or one most people ask is, how do I know what stocks to invest in? Due to the amount of studying that I have put in through Tackles content, reading and researching, it’s easier for me to make that decision for myself. I have taken the time to re-reading content I’ve went over months or years before because it’s more than just reading something and saying you did it. Reading, understanding and most of all applying what you’re consuming with trial and error will make things click and allow to make an independent decision for yourself without relying on the opinions of others. That’s where real confidence stems from and anyone successful at a high level of their craft will probably tell you the same thing.
Take the time to always keep your stimulating your mind to be better at trading or whatever your passions are because they are always evolving and so does the world and competition is doing the same. So, what can you do to stay ahead of the game? Constantly striving to be better through studying to allow you to achieve what you want trading to be and if you can commit to that, hard work has never failed anyone and with consistency what you want can and will be achieved.
Chart of the Day
Earnings have been pretty good for a lot companies that have reported for the S&P lately and even with the economy growing at a record pace in the 3rd quarter, the bulls are barely participating in the party as it appears investors are waiting for the outcome of our Presidential Election next Tuesday to make a decision.
Video of the Day
Allen Iverson’s ‘Practice’ Rant
If you’re a basketball fan, you probably remember this classic rant from one of the greatest point guards of all time. ‘We’re talking ‘bout practice!’
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Mind of a Trader 2:30 PM EST
Join Coach Mark for his weekly live Mind of a Trader at the Closing Bell.
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.
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