Tackle Today: What music taught me about investments | Tackle Trading: The #1 rated trading education platform

Tackle Today: What music taught me about investments

Sep6 cover

≈ Who draws the crowd and plays so loud, baby it’s the guitar man. ≈

We failed a thousand times as traders we will fail a thousand more. It’s OK. Just make sure you don’t fail too big for too long. The risk of ruin is something you must never run into. Be antifragile and benefit from shock.

Take an acoustic guitar as an example. The strings are stretched, submitted to stress, but just the right amount of it. If you pass the ideal point, they’ll snap. If you don’t stretch them enough they won’t play. In both cases, they will be out of tune, producing noise instead of music.

You have to strum the strings and press them against the neck to make music. In other words, you are submitting them to more stressful situations. No stress, no music. Just the right amount will do the trick. But how would you know the right amount?

Practicing, studying and refining your technique. Developing and knowing yourself during the process. Maybe you’re a Bossa Nova musician or the next heavy metal shredding master. Make mistakes. Thousands of them. Snap the strings and hurt yourself. Learn scales by also playing the wrong notes.

Put thousands of hours into practicing and refining skills into your trading business. You must work hard towards performing your greatest gig ever.


Chart of the Day

Nocturne and The Option Chain

COD Nocturne and The Option Chain

In today’s Chart of the Day, you can see a music sheet (above) and an option chain (below). The music sheet is Frederic Chopin’s Nocturne in E-flat major arranged and tabbed for guitar. The other is a regular option chain from the Tastyworks platform. When you start trading or playing guitar, you won’t get everything right on the first try. Quite the contrary, it’s more likely that you will mess everything up, missing notes on the music sheet and losing money on the brokerage account. Practice is the key to perfection on both worlds. Train exhaustively before making any live gig.


Video of the Day

Ask For Help

Coach T’s thought of the day is to ask for help. If you’re a student and need help or clarity, ask someone for it.


Today’s Lineup

Rookie Corner

Let’s Go Hunting

We have covered a lot of ground in the few episodes of this blog. We have placed a successful long call trade and we have gone through how to properly follow through on the trade. We also worked on our belief systems to enhance our results. So what’s the next step?

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