Tackle Today: Why do we trade?
April 27, 2019
≈ There is always a reason. ≈
Did you ever ask yourself why do you trade?
There’s always a reason behind everything, whether we acknowledge it or not. Being self-conscious of what we do in life makes a world of a difference in the pursuit of a high standard of living.
The world is a harsh place to live in and Mother Nature is constantly trying to kill us all. She will succeed in the end, mind you. The solution to this inescapable fate is living a meaningful life, one with a purpose.
Although we humans were made equal—in the sense that we are humans, not dolphins or bottles made of polyethylene terephthalate, for example— each of us carries a unique walk of life. Therefore, the reason we became traders will greatly differ from one another.
- A book that sparked the desire to go and take care of our financial future.
- Some money inherited from an ancestor that went before us.
- The responsibility to provide for our family.
- The legacy we want to leave for our heirs.
- A nest egg in case things go terribly sideways.
- The adventure of making the first million dollars.
- The intellectual adventure of learning something so hard from scratch and be successful at it.
Could be one. Could be a combination of two. Could be all of them altogether.
Tim Justice asked one of our team members, Marques Johnson, why he trades.
Today is Friday Feature and here’s Marques’ answer. Read “Why I Trade”
Chart of the Day
Meteorite from the sky
That is a beautiful gap. According to Wall Street Breakfast, “Intel (NASDAQ: INTC) plunged after-hours after cutting its financial guidance for the full year and reporting its first decline in sales of data center chips in seven years.”
Like the Coaches at Tackle say: You don’t catch a falling semiconductor chip.
Video of the Day
Pinterest or Zoom?
Traders, recently, both of these companies released their IPOs, which one would you trade and why??
Today’s line up
Options Theory Blog
Volatility Value
Today I’m an advocate for a long-forgotten phrase that lost its fight for representation. To better understand the current situation you must first grasp the dynamics of options pricing. Allow me to bring you up to speed.
Traders Lounge 11PM EST
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Cashflow Club Replay
If you missed last night’s episode where Coach Tyler Craig talked about account and trade management or would like to watch it again, check it out here.
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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