Trading Justice

podcast Steven Huang started his career as a trial attorney, with the ultimate goal of being a corporate transactional attorney. Trading didn't hold much interest at all to start; he came across swing trading as a potential way to make some side income. Day trading was an option at the time, but Steve didn't want to be tied to the markets during the day. Starting with naked puts, trading went okay for Steve until the 2008 meltdown; which nuked his account. At about this time, Steve sought out Tim's help on general risk management while still primarily swing trader (he still didn't want to give up on being a lawyer quite yet), but another dip in the market caused his account to crater a second time. In talking to Tim after the second account flatline, Steve decided to actually get some serious fiscal education starting with Tigrent. He started performing better, and continued his education further with other services such as Rich Dad and general trading systems. Today, Steve only day trades, and has developed a few systems he personally follows when trading. He loves how fluid the market is, and how easy it is to fix errors as the trading day progresses. He's also very specific about the difference between trading strategies and trading systems. Trading strategies, Steve posits, are general best practices of trading such as technical & fundamental analysis to make standalone trades and generally assess particular securities. A system, however, is taking a particular portfolio as a whole and applying particular rules to entering & exiting trades, and knowing how & roughly when you'll take profit during the trade. A system also helps a trader maintain emotional distance, which is important when a particular trading day is extremely good or extremely bad. With a system, you just trade the rules you set in place and can minimize trading errors. Other places to find this podcast:  
Direct download: TJ87SteveHuong.mp3
Category:Podcasts -- posted at: 8:00pm MDT

podcast Noah Davidson wasn't a conventional student in school. In classes up through college, listening to lectures and reading straight out of books only carried what he learned so far before he couldn't get a handle on it. Noah learned by doing; such as when he first started trading 15 years ago during the dot-com bubble. He had a vague idea of fundamental analysis, but traded more on stocks and brands he was familiar with exclusively. That went well enough until the start of the burst caught him by surprise: a $40 per share position became a $2 per almost overnight and nuked his account from low orbit. To be fair, though, technical analysis was only really possible at the time if you went and paid serious cash to brokerage firms to even provide you the data. After shaking the loss off and getting a job with the world's first technical analysis software maker, Noah gave it another shot with more caution and a shiny new program that would allow him to perform technical analysis. Noah slowly and surely started trading and building an account back up and realized he was pretty good at what he was doing and wanted to get better, and even sold his car to afford more trading classes. He enjoyed that well enough, but eventually Noah discovered the final piece that was missing for himself about the same time he started teaching his own classes: he wanted to be part of a community of traders that could talk shop and help each other out. From that concept emerged Tackle Trading, a financial education site and community where traders could learn and have a great time trading together. You can also find this podcast on:  
Direct download: TJ86NoahDavidsonTackleTrading.mp3
Category:Podcasts -- posted at: 7:09pm MDT

podcast Join the Tackle Trading coaches as Tim, Gino, Noah, and Matt take a look at market for the week. This episode:
  • The worst unemployment report since the 2008 market and its effect on the market.
  • The importance of the current 2040 support level.
  • What an Elliot Wave pattern is using forex as an example.
  • The ongoing battle over crude oil's price and its overall volatility.
...and more! You can also find this podcast on:  
Direct download: TradingJusticeEpisode85.mp3
Category:Podcasts -- posted at: 3:57pm MDT

podcast In trading, fundamental analysis is one half of the winning formula to making great trades. If you're new to trading, you may be doing fundamental analysis without even realizing it. If you're assessing a particular security's profit and loss, trading volume, earnings reports, and other public information, you're performing fundamental analysis. It's a great place to start for placing trades, and can also give you a general feel for the health and size of the company (if it's a stock) or sector (if it's a commodity). Even better, if you step back and look at indices with fundamental analysis, you can get a read on how well a particular market segment is doing, or even the rough well being of the entire market. In this episode, Matt breaks down what drives the market with a focus on fundamental analysis. The general public moves more in the market based on price, p/e ratio, and other basics of securities. Understanding what drives the market will allow you to make smarter trades, and can even give you a better grasp of what's going on behind the curtain for a particular security when you perform technical analysis on its chart. You can also find this podcast on:  
Direct download: TradingJusticeEpisode84.mp3
Category:Podcasts -- posted at: 1:00am MDT

podcast For this episode of Trading Justice, it's the replay for the March 31 Coaches Show. This week, Coaches Tim, Noah, and Gino:
  • Give a market review along with the concept of old resistance to new support,
  • Go into earnings and how they affect volatility and options trading,
  • Take a look at the volatility of the dollar and how it's affecting both the forex and stock market,
  • Share tips on setting up your own trading charts,
and more!  
Direct download: TradingJusticeEpisode83.mp3
Category:Podcasts -- posted at: 9:27pm MDT