11 Minute Read

Tackle Today: What Bruce Lee taught me about trading

May 1, 2019

By | No Comments

Tackle Today: What Bruce Lee taught me about trading (Photo by Fervent Jan on Unsplash)

≈ Be water, my friend. ≈

Empty your mind. Be formless, shapeless, like water. Now you put water into a cup, it becomes the cup. You put water into a bottle it becomes the bottle. You put it in a teapot, it becomes the teapot. Now water can flow or it can crash. Be water, my friend.

Bruce Lee interview on the Pierre Berton Show (1971)

When it comes to trading, coherence can be a sin. The quality of being logical and consistent at all times, independently of the scenario that is developing in front of your eyes could be a deadly mistake.

You’re in love with a company and want to stuff your portfolio with some of its shares. Coca-Cola, Apple, Boeing, Berkshire, whatever corporation. You love it, you buy it. Right?

On the other hand, you hate a bunch of companies and would never hold them in your portfolio. Azul, General Electric, Facebook and so on. In fact, you would be glad to short the hell out of them. Right?

That’s when coherence becomes the 8th deadly sin. The companies you love are on a year-long bearish trend. The ones you hate are running up like hell.

Shorting a stock that’s on a bullish uptrend is a sin.
Buying a stock that’s on a bearish downtrend is a sin.

Trade what you see. Be water, my friend.

Chart of the Day

Hold your nose and buy

Chart of the day: Hold your nose and buy (Facebook stock)

Say you hate Facebook. You love the fact that this company is at the centre of a privacy scandal. “Geez, I want to short the hell out of Mr. Zucka.”

Yes, it’s perfectly reasonable except that Facebook is on a bull run since January this year. Now what?

Coach Keith King has his own version of “Be water, my friend.”: Hold your nose and buy.

Video of the Day

How to Calculate the Perfect Call to Put Ratio

In this video, Coaches Tim Justice and Noah Davidson discuss how to calculate the perfect Call to Put Ratio.

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.

The Coaches Show Replay

If you missed last night’s episode where Coaches Gino Poore and Noah Davidson talked about multiple timeframe analysis and some of the Scouting Reports picks from the past weekend or would like to watch it again, check it out here.

Tackle 25 MasterMind Group 8:30 PM EST

Join and learn how to better use the Covered Call System with the Tackle 25 with Coach Noah Davidson.

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.

Trading Justice Podcast

Trading Justice Episode 319: Anatomy of the Bullish Retracement

In this episode we deep dive on the Bullish Retracement pattern and how to identify and qualify it. Primary qualifications include trend, liquidity, candle retracement guidelines, how to read a technical catalyst, identify signal candles and recognize confirmation candles.

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.

Chart Modal

Tackle Trading