January 23, 2020
Hello Tackle Traders! We have been talking systems the last couple of weeks and we are going to continue down this road as promised in the last go-round of this blog. I feel this is important because I am currently reflecting on my own trading journey and I am trying to think of all theREAD MORE
January 17, 2020
Good day, All! We are back for another round of discussion on the topic of systems. This blog is less about the development of systems and more about the concepts behind finding a system that works for you and your trading personality. If you are looking for help in creating your own system that worksREAD MORE
January 9, 2020
Happy New Year! We are back with a new edition of the Rookie Blog and I want to start of the new year talking about systems. We have talked about systems in this blog before but I feel like a deeper dive is warranted because of the large amount of misinformation that can be foundREAD MORE
October 10, 2019
Good Day Rookie Bloggers! We are back with our systems and conditions series after taking a small hiatus to discuss the challenges that we can face with certain brokers depending on where you happen to reside. I hope it was educational for those of you that find yourselves up against the challenges that I spokeREAD MORE
May 16, 2019
Last week we talked about the second market phase and that is breaking out to the trend. This is the phase that most of the investing public looks for. They like those long trending bull markets because they get to see their equity rise and it feels good. For traders this phase can be equallyREAD MORE
April 24, 2019
I am always learning something even when I’m doing nothing.
April 23, 2019
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.
March 22, 2019
We are so hardwired to think we must work hard, produce a lot of activities and act like we are so knowledgeable about the financial market to gain wealth. I can’t even begin to tell you how wrong we are.
January 29, 2019
An edge is a systematic exploitable advantage over an opponent. Edge in trading is based on market behavior. Market players are not rational in their decision-making process and this is where the golden opportunity lies.
December 7, 2018
Last update: August 2021 ≈ Cash Flow and Growth ≈ I put a poll question in the clubhouse recently asking the Tackle Trading community a simple question: Do you trade Covered Calls? If you haven’t answered the question yet, you still can HERE. Of the 5 potential answers, the breakdown was interesting. 38% said YESREAD MORE
September 20, 2018
≈ What is real? ≈ – “This is your last chance. After this, there is no turning back. You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland and I show you howREAD MORE
August 23, 2018
— “The max loss in this position is $500. A hundred dollars more won’t make any difference.” (detail: the max loss rule is $400) — “I found this opportunity of placing one more trade. Eleven positions won’t hurt because the probability of profit is very high.” (detail: the max number of simultaneous trades is 10)READ MORE
August 13, 2018
Vince Lombardi is perhaps the most famous coach in American sports history. In 1959 he took over as a coach and general manager of the Green Bay Packers and in a few short years created a football dynasty that would win five championships in the next decade. Vince Lombardi has many famous quotes attributedREAD MORE
July 26, 2018
Japanese restaurants. We’ve all been there at least once in our lives and we love Japanese food. But what impresses me the most is the minimalistic appearance of some of their dishes. It pleases and surprises the eyes before the stomach. Take Nigiri Sushi, for example. Combine a slice of fish on top of someREAD MORE
June 12, 2018
Warren Buffett is now almost 90 years old. He is one of the most successful investors of all time. One day, just like the rest of us, he will pass away. Even if he lives until he’s 110, he’s pretty close to his final days. Do you think he will just leave all his investmentsREAD MORE
June 11, 2018
A geared device is a simple machine. It has cogwheels. Cogwheels have cut teeth, called cogs, which mesh with another toothed part of another cogwheel to transmit torque. You trading business should mirror a geared device, like a simple machine. It has cogwheels with cut teeth, the cogs. A group of cogwheels working together couldREAD MORE
May 30, 2018
— Dave, do you mind if I ask you a personal question? — No, not at all. — I’ve wondered whether you might be hiding some second thoughts about the mission. — What do you mean? — Rumors about something being dug up on the moon. I never gave these stories much credence. ButREAD MORE
January 11, 2018
This is why I created something very special for all of you! A Tackle Trading Planner! It is a short and easy to use version so you don’t have to spend too much time trying to figure it out, so I really hope you put your hands on it.
October 1, 2017
I have a confession to make – I never used to backtest, ever. Blame it on my ignorance.
