≈ Structure and discipline to face the unknown. ≈

I love the Trading Justice podcast drops. It’s great to hear bits and pieces of wisdom—and humor—in no more than 2 minutes.

There was this one drop in particular that had a great impact on me (check the Video Of The Day).

“Three reasons why military vets make great investors and entrepreneurs:

(1) Structure
(2) Discipline
(3) Ability to take the unknown step”

That is the truth in both the military and trading/investing worlds. You can’t take any necessary steps towards the unknown without structure and discipline. You can’t have discipline without structure. And in order to build structure, you have to have discipline. Try to remove one and the Trinity does not sustain itself. Clockwork.

I am not a military veteran myself but I come from a family that is mostly composed of military men, including my father and most of my mother’s side of the family. Many veterans and a few war heroes. They fought in many of the battles that took place in Brazil during the transition from Monarchy to Republic and also during World War II alongside the Allies in Italy.

Structure, discipline and the ability to take the unknown step were part of my upbringing. I’d never know they would play such an important role many years later when I decided to set up my own business and start a trading career.

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Chart of the Day

RUT, the Laggard

If there is one chart that is certain to catch everyone’s attention is the Russel 2000 index (RUT). While the S&P and the Dow are pressing new highs and the Nasdaq is flying like a SpaceX rocket, the poor bastard RUT is lagging way behind.

However, at Tackle Trading, there is one group that is in an ecstatic mood: the Cash Flow Condors system traders. Ask them what they think about the RUT moving sideways and going nowhere.

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Video of the day

Trading Justice Drop

Three reasons why military vets make great investors and entrepreneurs: (1) Structure; (2) Discipline; (3) Ability to take the unknown step.

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Today’s line up

Tales of a Technician

Trading Netflix

Today we’re breaking down a trade setup in Netflix. You’ll learn how I use technical analysis, multiple time frames, volatility patterns, and implied volatility to build out a trade. And just so we’re clear, this is not a recommendation.

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 8:30PM EST

This is our weekly MasterMind group. Join the coaches tonight, 8:30pm EST to discuss the markets and help you prepare for the week.

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.

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