Tackle Today: The Curator | Tackle Trading: The #1 rated trading education platform

Tackle Today: The Curator

cover img The Curator e1532359532994 scaled

Curators are responsible for assembling, cataloging, managing, and displaying artistic and cultural collections.

Imagine you’ve been hired as the curator of the Miles Davis definitive exhibition. You’re responsible for assembling, cataloging, managing, and displaying his powerful and everlasting body of work, produced during a career that spanned some 47-year period. According to Wikipedia, his major discography consists of at least 51 studio albums, 36 live albums, 35 compilation albums, 17 box sets, 4 soundtrack albums, 57 singles, and 3 remix albums. You have to decide what comes in and what goes out. Packing his entire work into a single room is like turning the exhibition into a warehouse.

The New York Stock Exchange (NYSE) is the world’s largest stock exchange by market capitalization of its ≈2,400 listed companies at US$21.3 trillion as of June 2017 (Wikipedia, again). Finviz has 7,410 securities listed on its screening tool.

The point we’re trying to make here is that your job as a trader is exactly that of a Miles Davis curator. You will be selecting a handful of securities to compose your portfolio. You have to decide what comes in and what goes out and what to do with each one of the selected. Packing dozens of securities together is like turning your portfolio into a sinkhole that will drain your money and time out.

Think of yourself as a curator. The curator’s job is to say no. Yours too.

Learn to say no.


Chart of the Day: Curating your portfolio

COD Curating your portfolio

Say you want to build a cashflow portfolio. Your plan is to sell puts to buy the stocks at a discount and then sell calls against them. On top of that, you want to receive nice dividend payments. How to build such a portfolio on a small account when there are 7,410 stocks available on the Finviz screening tool? That’s an important skill you have to develop as a trader: being a curator.


Video of the day: Using Stock Scanner on Finviz

Coaches Matt, Gino, and Noah talk about their favorite indicators on Finviz.


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

Financial freedom is a journey

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.


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 involves 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 advisers, to determine whether such trading or investment is appropriate for that user.

Share this

X
Facebook
LinkedIn
Reddit
Pinterest
Telegram
WhatsApp

More Insights

Join the #1 Rated Trading Education Platform

Learn to generate monthly cash flow from the financial markets and how to grow long-term lasting wealth. Tackle Trading is an amazing online community for active traders that is led by seasoned market professionals. Tap into the power of Tackle Trading’s proven trading system and learn how easy it is to make money with the proper coaching and education.

8,800+

Members

100+

Reviews

Ready to take your trading to the next level?

Get in touch today and receive a FREE complimentary consultation.

Let us help you start trading!

Our Pro Membership gives you the tools to tackle all your trading obstacles.

Register for the Master Trader Live Workshop and get the First 15 Days on Us

ELEVATE YOUR TRADING SKILLS

Master Income Strategies

Unlock the Secrets to Income with Covered Calls

Holiday Sales

Up to
43%
OFF

Days
Hours
Minutes
Seconds
Unfortunately, this offer is now closed. If you still want to take advantage of it, reach out to us at team@tackletrading.com.