Tackle Today: What guitar players taught me about investing đ¸
April 4, 2019
â Oh, by the way, which one’s Pink? â
You are a guitar player. Your all-time idol is David Gilmour. Through the years you’ve collected all his records, both from Pink Floyd and his solo career. You’ve learned everything you could about his gig rig. You’ve bought a nice Fender Stratocaster and tried as much as possible to replicate the sound of his guitars. You’ve scrutinized and practiced his licks until your fingers bled. You even got your tickets ready to go to Christie’s London to see his guitar collection. You are feeling sick for not having the funds to purchase the legendary Black Strat.
As much as you (and everyone else) have dedicated time and effort to sound like him, why are you still not the next David Gilmour?
Because his guitar is an extension of himself. The sound he gets from it, the groove, the feeling, the touch, the right bending of the strings, the way he approaches the instrument to get that sound we all love can only come from him and no one else. He hears the sounds in his head and uses the instrument to translate them to the physical world. The perfect translation came from honing and mastering the craft through the years.
You are a drummer. Try to sound like Neil Peart.
You are a saxophonist. Try to sound like John Coltrane.
You are an investor. Try to be Warren Buffett.
You get the point. Grabbing Buffett’s SEC filings and mirroring it wonât make you the next Warren Buffett.
Your portfolio should be an extension of yourself. Learn, hone and master the craft so you can translate what’s in your head to the physical world.
Chart of the Day
Buffett’s Portfolio
Nothing is more scrutinized than Buffett’s portfolio. Not even the Kardashians. If you want to check Berkshire’s latest SEC filings and scrutinize his portfolio yourself, feel free to see it here.
Video of the day
What is An Investment Portfolio
An investment portfolio is a collection of your investments including Stocks, Bonds, Cash, Real State, Metals, between other assets.
Today’s line up
Rookie Corner
The Boogeyman!
Last week we talked about how we can prevent ourselves from going down to the abyss of bad trading by examing our trading patterns and more importantly our adherence to our trading process. There were real strategies in last weeks blog that can help a trader pull out of a funk and help steer the trading ship towards profitability.
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.
Cashflow Club 8:30PM EST
Held every Thursday, this show helps you perfect your favorite cashflow strategies.
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.
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 (âTackle Tradingâ) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the âMaterialsâ) on an âas-isâ 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 attorneysâ fees, arising out of or resulting from userâs 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 Tradingâs 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 userâs investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.
