≈

Stay in your lane and tune out the noise.

≈

Traders,

I’ve been plowing through Morgan Housel’s recent book, The Psychology of Money. It’s a veritable treasure trove of thought-provoking insights. One that spoke to me was the concept of identifying the exact game you are playing. What’s your time horizon and style of investing? What information is relevant to that particular game? And what information isn’t?

 Here is how he articulated his approach:

“I’m a passive investor optimistic in the world’s ability to generate real economic growth and I’m confident that over the next 30 years that growth will accrue to my investments.”

Then, he stated, “…once you write that mission statement down you realize everything that’s unrelated to it – what the market did this year, or whether we’ll have a recession next year – is part of a game I’m not playing. So, I don’t pay attention to it, and am in no danger of being persuaded by it.”

This is exactly how I feel about my long-term investments. I don’t care one bit about what the market does day-to-day, week-to-week, or even year-to-year. The capital I’m investing is based on retirement goals and long run trends.

Over a time-frame of that length, daily downtrends, market corrections, and even cyclical bears are as common as dirt.

More importantly, they are all temporary.

#TeamTackle

---

Chart of the Day

The Long Run

The S&P 500 closed at $166 in October 1984. In the 36 years since my birth year, it has risen nearly 23-fold to $3,939. Getting exposure to this growth is essential to achieve my retirement goals.

---

Video of the day

The Queen’s Court

---

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.

Cash Flow Condors

Join Tyler Craig tonight as he hosts his monthly MasterMind group.

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.

Trade Masters 7:00 pm EST

Join us for a special webinar with the coaches where they’ll analyze some trade setups.

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.