≈ L’extraordinaire voyage. ≈

Mid August I’ve decided to follow my (really small) family on a short trip. The last time I took a week off was January 2014.

It didn’t work, as you can imagine. Four days later I was back—exhausted and poorer—while they kept on traveling. At least I drank good beer, ate good cheese, gained a few extra pounds and learned a lesson on investing.

Have you noticed how much time people spend planning their next family adventure? It can take months. A 1-week trip in August begins in January. People want to make it cost-efficient, which means, the most fun they can get for every dollar spent. The infamous budget: flights, hotels, pet shelter, passports, visas, health insurance, clothes, medications, fun for the kids, food and alcohol for the grown-ups. Date and time for everything. Touristic spots sitting on a spreadsheet together with numbers. Mobile apps for every situation. It’s almost like people have graduated in planning excursions. Ph.D. and all.

Now, try to ask these people about their money. Net worth. Retirement. Legacy? Investments? … Anyone?

Nothing.

When it comes to money the approach is completely different. That is when a profusion of bad mindsets jump into the scene: shortcuts, ‘get rich quick’, hot tips, ‘top 10’ whatever, ‘tomorrow I’ll take a look’ etc.

Wrong priorities? Instant gratification? God knows. The fix is easy, though:

Replace ‘Fun’ for ‘Returns’.
‘Dollar spent’ for ‘Risk’.

There you go. Instead of ‘Vacation’, you have ‘Investing’. As traders, we are always seeking the best return we can possibly get for a said amount of risk.

We’ve got to teach these people that money is like a jealous lover. It seeks attention. If you don’t give it enough, it will leave you. Or at least it won’t be there when you need it.

---

Chart of the Day

Five months of peace

Me before the family vacation.

---

Video of the day

Stock of the week: Apple

View this post on Instagram

🔴 STOCK OF THE WEEK: APPLE • Apple is down after the 3-day Holliday • Shares outstanding have been going down year after year, since the company is buying back the stock • Return on equity is strong • Earnings per share exploding in the last years • Implied volatility is stuck in the middle at 33% • Triangle pattern developing Are you playing Apple? If so, how? #Apple #Trading #Stocks #StockOfTheWeek #StocksMarket #StockMarket

A post shared by Tackle Trading (@tackletrading) on Sep 4, 2019 at 3:53am PDT

---

Today’s line up

Rookie Corner

Broker Madness Part 4

Hey Rookie Bloggers. We are getting further down the rabbit hole that is Interactive brokers. Last week we looked at the charting features of the TWS platform as well as how to put bracket orders around a spread order.  This week I want to take a few things a bit further as well as introduce a few other features that we use quite often in the TOS software.

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.

Cashflow Club 8:30 PM EST

Held every Thursday before Friday’s option contract expirations, this show helps you perfect your favorite cashflow strategies.

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.

---

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.