9 Minute Read

Tackle Today: Will You Be Content with Your Decisions?

March 30, 2020

By | No Comments

A Plan in Motion

While there might be many variations, there are three schools of thoughts right now with regards to the market’s future, or more specifically how people are playing the current market conditions from an investing point of view. A more detailed version of these schools of thought can be found here. A brief summary of these schools of thought are:

  1. Bullish Thesis – Don’t want to miss out on any rally. Believe coronavirus will be contained eventually and stimulus money will offset the economic damage done.
  2. Bullish Thesis – Willing to wait for some combination of retesting of lows, better levels of prices or more confirmation of successful coronavirus mitigation efforts and economic data that points to a healthy economy. This group essentially buys the bullish thesis but are willing to miss out on a sharp rally if that were to occur for better prices/more confirmation.
  3. Bearish Thesis – for a variety of different reasons think the bullish thesis is underpricing obvious risk to the economy.

Where do you stand as are about to start the month of April? Better yet, are you going to content with the decisions you make today based on your investing plan regardless of the outcome in a market with so many different variables? Gathering information, formulating a plan, executing that plan and being content with the sound and logic decisions being made today will go a long way in helping you control both fear and greed in an extremely volatile market.

Chart of the Day

Day Trading Pattern

A nice consolidation pattern emerged over nearly a three hour period before leading to a breakout and short-term daytrading opportunity. These consolidaiton patterns, while not perfect, have been consistantly one of the better patterns in the market over the last month.

Video of the day

Mental Health Tips

Country Singer Joe Diffie sadly passed away yesterday due to complications from Covid-19. Thoughts and prayers with his family and so many others at this time.

Today’s line up

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.

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.

Weekend Reports

Watch the Stock, Options, Commodity and Forex Reports to help yo prepare for the week.

Tackle Trading: Financial Freedom is a Journey. Sign up now for a 15-day free trial.

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 involve 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 advisors, to determine whether such trading or investment is appropriate for that user.

Leave a Reply

Chart Modal

Tackle Trading