Join Tim and Noah as they cover the advanced strategy of trading earnings with the naked strangle. Trading during earnings can be a harrying prospect for newer traders. Scads of new company data hits almost every day, the markets get jumpy, and the market acts unpredictably. Record earnings from that hot tech startup! Stock price is... dropping?? Lukewarm to bad earnings from an industry titan aaaaand its price just gapped up two dollars and made a short breakout run to the upside. There are ways to trade earnings safely. Trade around them, with your active trades avoiding the potential whipsaw. Don't trade them by staying in commodities, ETFs, and Forex. ...or you can utilize a strangle trade. A strangle (or collar) trade is where you have both a put and a call in place on a trade with the the limit order and stop order set around the price of each other. The theory is you're covered whichever way the price of the stock goes. When executed correctly, and that is the key, it works exactly like that. When set up improperly, though, it can deal serious damage to an account balance. A NAKED strangle (which is what Tim and Noah cover today) is doing that without owning any positions in the aforementioned stock. So take above, and add the risk of having to purchase the stock to fulfill the trade if it goes against you. It's a completely viable strategy, but it is for experienced traders only. Even then, it should be practiced through paper trading before going live with such a trade. With that note, enjoy Tim and Noah's take on the Naked Strangle.

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August's book is Money: Mastering the Game, by Tony Robbins. You can find it on Amazon right here, or check your local library. We'll be doing a live audience podcast on August 25 at 7 PM ET to discuss the book. You'll be able to join us right here: Podcast Room

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For your free 15 day Tackle Trading Pro trial membership, follow this link (https://tackletrading.com/join-pro/) and fill out the form with the coupon code being: theta Also, we'll be giving away a free month of Tackle Trading Pro membership to the best, most interesting review left for the podcast on iTunes! You can leave a review right here. ...

Join Matt and Tim as they discuss the importance of portfolio design and also trading during earnings. Arbitrarily picking stocks that match your trading rules is a way to trade, but not a good way. You can end up with a mis-balanced portfolio in the wrong sectors at the wrong time, too heavily invested in speculation, or other woes that could potentially lead to the implosion of your account. This is why just like you should have trading rules for choosing stocks to invest in, your portfolio should have a set of guidelines as well. Think of it as a strategy for your personal trading rules to follow. In general, there are three portions to a portfolio: cash flow, growth, and speculation. Cash flow is the segment where positions such as covered calls are placed and the passive income generated from the, well, cash flow, goes back into your account to help incrementally grow it over time through the power of compound interest. Growth is where you increase the strength and size of your portfolio with long-term holdings such as dividend-yielding stocks (and more covered calls) to improve your position over time. Buy and hold stocks will generally be in the growth segment of a portfolio. Lastly, speculation is for short-term trades and dealing with commodity futures and such. Again, options can be written against these trades (such as positions in oil), but be sure you have the proper training to not get blown out by an unexpected news event. Among cash flow, growth, and speculation a portfolio also needs balance; both in matching your personal trading style, and in position sizing. Assigning too much of your portfolio to a single trade not only throws your portfolio out of balance, but can potentially be catastrophic. What if that overweighted trade goes against you? What happens then? Here's a good measure on if a trade is imbalanced: if you get anxiety thinking about a specific trade, it's probably oversized for the type of trade it is (along with possibly being a bad trade outright). Follow your rules, and keep your portfolio balanced.

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August's book is Money: Mastering the Game, by Tony Robbins. You can find it on Amazon right here, or check your local library. We'll be doing a live audience podcast on August 25 at 7 PM ET to discuss the book. You'll be able to join us right here: Podcast Room

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For your free 15 day Tackle Trading Pro trial membership, follow this link (https://tackletrading.com/join-pro/) and fill out the form with the coupon code being: theta Also, we'll be giving away a free month of Tackle Trading Pro membership to the best, most interesting review left for the podcast on iTunes!

Join Matt and Tim for a discussion on the ongoing upward markets, the continuing polarization of the world, and a conversation with Coach Greg Holmes about commodities. The markets reached and tested new highs last week despite a slew of upsetting news over the past month or so. From Brexit and Orlando to Detroit, France, and Turkey, the markets are just unfazed. That's not to say there aren't initial reactions. There was a dip after the Brexit Resolution vote, but short of the GBP, everything has generally already recovered or even broken new highs in the case of the S&P. Granted momentum is decreasing, but that doesn't change the surge that occurred. Conversely, the events that have been unfolding around the world reflect a growing divide, whether ideological or otherwise, and the more radicalized elements getting more press time than more grounded and moderate views. What doesn't help this is an increasing inability to discuss things with one another, whether it's hot-button issues such as gun control or more mundane things such as taxes. When it's discovered that someone has a differing opinion on certain subjects, people are either just not talking about the subjects in question (in the best case), or outright breaking all communication with the other party (in the worst case). This causes a devolving echo chamber on both sides of issues where folks are only listening to others that share their views, which in turn gives radicalized elements a bigger voice as people try to 'outdo' one another in ideological purity. The good news is, this can stop. Instead of rejecting the other side out of hand (on whatever the issue is) and devolving to attacks on the other position, have a rational discussion. Don't bait the other side into acting irrationally nor allow yourself to be baited. The more we talk to each other, the more we'll find we actually have in common in other ways, even if we don't agree on everything. That can lead to more rational discussions, and more understanding, which would narrow that divide and bring folks closer together again. It can be done. The trick, though, is to keep talking.

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August's book is Money: Mastering the Game, by Tony Robbins. You can find it on Amazon right here, or check your local library. We'll be doing a live audience podcast on August 25 at 7 PM ET to discuss the book. You'll be able to join us right here: Podcast Room

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For your free 15 day Tackle Trading Pro trial membership, follow this link (https://tackletrading.com/join-pro/) and fill out the form with the coupon code being: theta Also, we'll be giving away a free month of Tackle Trading Pro membership to the best, most interesting review left for the podcast on iTunes!

Join Garret Holden and Justice Ekhaguere as they dive into The Death of Money by James Rickards. You wouldn't think it, but the world fiat currency system is under intense pressure. Massive amounts of quantitative easing (you can read that as printing money) by every major country, increasing instability with events such as the Brexit, and the continued flow of money upwards without it cycling back into the economy has pushed the world economy to the breaking point. That's James Rickards take, anyway. ...and he knows a thing or two about economics. Rickards is a portfolio manager, lawyer, economist, and the first to apply complexity theory to economics. He's also the author of the best-selling New Case for Gold and Currency Wars.; From China's sprawling empty cities and the corrupt uncertainty of Russia, to the massive market manipulation of the US, EU, and Japan, The Death of Money takes us through just what is really going on behind the curtain of the world economies. Even other BRICS countries, such as Brazil, aren't without their problems. Brazil, for example, has patchy infrastructure and is currently embroiled in corruption hearings throughout its government. It's not all doom and gloom, though; Rickards also offers insights on what can be done to prepare for the worst. So listen in as Garrett takes you through The Death of Money.

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August's book is Money: Mastering the Game, by Tony Robbins. You can find it on Amazon right here, or check your local library. We'll be doing a live audience podcast on Thursday August 25 at 7 PM ET to discuss the book. You'll be able to join us right here: Podcast Room

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For your free 15 day Tackle Trading Pro trial membership, follow this link (https://tackletrading.com/join-pro/) and fill out the form with the coupon code being: theta Also, we'll be giving away a free month of Tackle Trading Pro membership to the best, most interesting review left for the podcast on iTunes! You can leave a review right here.

Join Matt and Tim for an interview with Micah Brooks, long-time investor and Legacy educator. One would expect if interest in the markets is passed down by the family, it would be from parent to child. That wasn't the case for Micah. It was his grandfather that sparked the interest at a young age. While his father ran an electrician shop, Micah would chat with his grandpa about the markets, mutual funds, and investing. It was even his grandfather that taught Micah how to read the ticker symbols and stock quotes at that young age. When it came time to go to college, Micah tried following the family business of engineering, but found it didn't interest him. What did grab his attention, though, was economics. This was also about when trading started getting Micah's attention again, too; his co-workers were trading while working on MBAs and introduced him to options trading through ScottTrade. Unfortunately, due to a lack of proper education, Micah's account was soon empty. It wouldn't be his last time trading, though. While working at an investment firm, Micah ran into a group of day traders a few blocks away that were willing to help teach him the proper ins and outs of options trading (as well as setting him up with a virtual account to practice with first). Before long, not only was Micah pulling returns, he ended up as co-owner of his own investment firm managing other folks' money! One of the keys was the proper education, along with the willingness to seek it out. Without that training, Micah may have ended up staying an account manager at the previous firm instead of owning his own. Today, in addition to trading himself, Micah trains others to trade both through classes and mentorships with the goal of helping people gain control of their finances through motivation, self-discipline, and the development of a solid trading plan. That is something folks can end up missing in reading about big trades and big wins: you can't get there without the motivation to carry you through. Trading half-heartedly or as a hobby will get you hobby-like results. Commit. Get educated and stay with it, and the results will follow.  

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July's book is The Death of Money, by James Rickard. You can find it on Amazon right here, or check your local library. We'll be doing a live audience podcast on July 13 at 7 PM ET to discuss the book. You'll be able to join us right here: Podcast Room

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For your free 15 day Tackle Trading Pro trial membership, follow this link (https://tackletrading.com/join-pro/) and fill out the form with the coupon code being: theta Also, we'll be giving away a free month of Tackle Trading Pro membership to the best, most interesting review left for the podcast on iTunes!

Join Matt and Tim as they cover the current state of the markets and share their thoughts on the importance of having a trading plan. Many view view trading as a hobby, something to dabble in and maybe get lucky with every now and again. This view is incorrect. Trading is a business; even you trade for an hour a week. In treating it as a business, it should have a plan in place for how you operate. For trading, this takes form as a trading plan; a high-level encapsulation of all the goals, strategies, and trading rules a trader follows. It starts with goals: why are you trading? Retirement planning? Growing a college fund? Spending money? There really isn't a right answer here, but different goals will inform the decision on different strategies depending on the time horizon of the goal. What goes hand in hand with trading goals is determining what kind of trader you are. Do you want to day trade and not really hold any position too long? Are you a long-term investor? Again, no wrong answer here, but the type of trader you are affects the possible strategies you'll use even more than your goals. Following your trading goals and trading style will steer a trader to particular trading strategies. Traders that prefer buy and hold will want securities with good fundamentals and dividends, while a day trader only really cares about the technicals of the chart and any outstanding news (earnings, economic reports, etc.). Further, a trader can split a portfolio into different segments. Part of the portfolio could be dividend yielding stocks that have covered calls written against them while another part of the portfolio is set aside for swing trading to take advantage of when trends end or are just starting. The one thing about strategies is that they need to be tested before being taken live. Backtesting with a virtual trading account can help catch a poorly implemented strategy before it's taken live and causes the implosion of an account.

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July's book is The Death of Money, by James Rickard. You can find it on Amazon right here, or check your local library. We'll be doing a live audience podcast on July 13 at 7 PM ET to discuss the book. You'll be able to join us right here: Podcast Room

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For your free 15 day Tackle Trading Pro trial membership, follow this link (https://tackletrading.com/join-pro/) and fill out the form with the coupon code being: theta Also, we'll be giving away a free month of Tackle Trading Pro membership to the best, most interesting review left for the podcast on iTunes! You can leave a review right here.

July's book is The Death of Money, by James Rickard. You can find it on Amazon right here, or check your local library. We'll be doing a live audience podcast on July 13 at 7 PM ET to discuss the book and will send out a link to all prior to the book review. We have a preview of the book and the author with host Garrett Holden for you today, too, so give it a listen, give The Death of Money a read, and come ready to discuss the book! Once a month members of Tackle Trading can participate in the Tackle Trading Book Club (Think Oprah but much cooler, life changing, and actually can help us improve our lives and make some money).  The Tackle Trading Book Club will be monitored by Garrett Holden.  Each month we will select 1-2 books to read and review at the end of the month through an online webinar.  There will be books of many different topics including mindset, trading, options, technical analysis, economic.  Our desire at Tackle is to make the most intelligent and informed traders of all time and we are all prepared to put the time and effort in to accomplish this goal.  

Join Matt and Tim for a wide-ranging discussion about the latest happenings in the market with regard to Brexit, the Central Banks, and trading systems. With the future of the Brexit still uncertain but not currently moving forward, the markets had a snapback lasting longer than the initial dip from the referendum results, resulting in a bit of a bullish rally. That's not to say the markets are bullish right now; the markets themselves are still sideways, and have been for the past 19 months. The Brexit vote caused a bit of a shakeup and a spike in volatility, but pricewise, it's as though the vote hadn't happened at all. Going hand in hand with this mini-rally is the Central Banks from around the world assuring that they would take any measures necessary to shore up the markets should they have felt the rumblings of a crash occurring. Regardless of whether the snapback had occurred or an actual crash instead, if a trader is prepared for a given market (bullish, bearish, neutral), that trader will make money regardless of what the markets do, and without having to do much other than manage trades that follow said system. Do note, though, that while running a system may be easy once it's built and backtested, constructing an actual system with a reasonable probability of success is some serious work (and it should be, too). Think of it as frontloading the work into your trading. All the testing and design is done up front, and then the system generally runs itself save specific trade management. --- For your free 15 day Tackle Trading Pro trial membership, follow this link (https://tackletrading.com/join-pro/) and fill out the form with the coupon code being: theta Also, we'll be giving away a free month of Tackle Trading Pro membership to the best, most interesting review left for the podcast on iTunes! You can leave a review right here.