What’s up tackle traders! I hope you are all having a good trading week thus far and for those of you in the Condors for Cash Flow system on the RUT I feel your pain. I certainly do hope that you have read Tyler Craig’s posts on managing this bird that has clearly refused to behave.

Iron Condor Post-Mortem Part I

Iron Condor Post-Mortem Part II

On a more serious matter, our prayers and thoughts go out to all those affected in the Las Vegas shooting over the weekend. I was on a flight to San Diego last week and I sat next to two guys who were on their way to Vegas for the weekend. They were so excited and could not wait to get off the plane so they could meet up with their friend and drive to Vegas. I could relate to their excitement because I too have plans to go Vegas in a few months. We talked about where they were staying and at that time, accommodations were still to be determined. They just wanted to get there. By the time we landed in San Diego we were taking selfies and hugging it out as if we had been friends for a lifetime. Funny how there is so much hatred surrounding us in this world yet a few strangers can connect instantly and create an atmosphere of happiness and laughter in such a short period. I did not get their names or their numbers and I had no reason to at the time but now I wish I had because they have been on my mind all week long. I just want to know that they are ok. I have been glued to the TV just watching the aftermath and listening to the survivors telling their stories as to what they witnessed and also hoping that as the faces of the victims start to appear on screen it’s not of the two guys who sat next to me on the plane.

Whether it is a tragic event such as what happened in Vegas, Mother Nature with hurricanes and earthquakes that have affected so many people, or just the ups and downs of daily living, how do we stay on task with everything we deal with on a day to day basis and still keep up with trading? From cooking, laundry, to cleaning, praying, let alone trading, has been a struggle for me this week. Even writing this blog was a challenge and overcoming these challenges did not come easy. If you work from home, I am sure you can relate that without a boss watching over your shoulder it is easy every now and then to just hit snooze on that alarm and pull the covers for what we tell ourselves will be 10 minutes. A few snoozes later its mid-day and we are now eating cereal in bed catching up on Netflix shows. Now, factor in the current events happening around us, you have a month where the RUT is not behaving as it should, coupled with life situations, who would want to get out of bed? It is important to recognize when you are in a rut (pun intended *wink wink*) and know what steps to take to get you out. Be it spending time with family, prayer, meditation, going out to lunch with a friend or a night out with the girls figure out your escape route beforehand otherwise you will find yourself bathing it. Yes, at times we spend more time there than we should but the point is not to stay there.

For us traders, we tend pout over our losing trades more rather than stay on task and keep it moving. In this journey we are all in as traders, we know that it takes time to become a Master Trader. It does not happen overnight either and in the midst of the process we can grow weary and lose hope and interest in trading. So what will you do when you find yourself at that moment when life seems to get the best out of you and at the same time your trades aren’t doing well? So what the Iron Condor on the RUT was not profitable this month, you do it again anyway. What if it looks like next month will not be profitable either? The answer is JUST DO IT!  Even when you don’t feel like it, just do it. A good way to stay on task and make a difference is to trade stocks that have a direct impact on the events happening.  For instance, during the hurricane, a good trade might be having a bullish trade on Home Depot and a bearish trade on the cruise lines then donating the profits to charity is one way of doing something good.  I did manage to place a few trades and even read a blog or two this week though this was not my best performance in terms of following a daily routine. The thing is, I gave it the best I could. The cooking and laundry were done although none of it got folded. LoL. My goal every day is not to be perfect at everything I do, it’s to give my best in everything that I do. When things are challenging, sometimes a tapping into our hope, faith or the little bit of energy we have left is all we need and that is okay. Events will happen in our lives and some will be more challenging than others so just make a commitment to trade even when life gets in the way. 

You can follow daily trade adjustments and updates on Twitter, Facebook, or text “follow @tackletrading” to 40404 to get text alerts!

 If you are not a Pro Member and following the Stock & Option Picks, then check it out! There is a Promo code for Free 15 day trial:  THETA

  Emily Muiruri, an Entrepreneur, Real Estate Agent and Business owner. Born and raised in Nairobi, Kenya before her family moved and settled in Maryland. She began her trading journey in January 2015 after 17 years of Property Management in the Self-Storage Industry.  Emily uses different strategies to trades stocks, options and forex. Although still a student learning and enhancing her trading skills, she has strong desire to teach women to take control of their finances and become traders. Writing blogs is one of the ways she’s is looking to spread the word and get more women involved. Emily knows that with the right education and trading system women can be successful traders

– – – – – –

Legal Disclaimer

Tackle Trading LLC is providing this site and any related materials (including newsletters, blog post, videos, social media and other communications) 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 may not represent specific trades or transactions that we have conducted. In fact, we may use examples that are different or the opposite of transactions we have conducted or positions we hold. This site and any information or training therein is also not intended as a solicitation for any future relationship, business or otherwise between the members or participants and the moderators. No express or implied warranties are being made with respect to these services and products.

All investing and trading in the securities market involves risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments, is a personal decision that should only be made after thorough research, including a personal risk and financial assessment, and the engagement of professional assistance to the extend you believe necessary.

Tags:

Finance, Stocks, Market, Stock Market, Options, Trading, Tackle Trading, Stock Market Today, Stock Market News, Market Recap, Market Review, Forex, Commodities, S&P 500, Dow Jones, DJIA, Trading Videos, Active Trading, Active Traders, Day Trading