Trading Justice

The markets appear stable enough, but are they really? There's systemic risk out there. Currency is pumped into the markets to keep them afloat, the Fed is deferring increasing the interest rate, and more. Should a particular drop occur, it could actually cause a runaway fall in the security. If that sounds far fetched, look no further than the flash crash of the GBP over the weekend. Due to the volatility surrounding the currency combined with high frequency trading algorithms, once the Pound dropped below a particular level of support, the drop became precipitous. (High frequency trading algorithms are tradebots with trigger orders that act with millisecond speed.) Volatility and black swan events such as the the GBP flash crash contribute to the systemic risk that's more present in the markets than usual. Want to know more? Listen to the latest episode of Trading Justice! October's book is 401(k)aos by Andy Tanner. You can find it on Amazon right here, or check your local library. We'll be doing a live audience podcast on October 27 at 7 PM ET to discuss the book. You'll be able to join us right here: Podcast Room 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.

With a little over a month until election day, both candidates have overall established their policy. ...but what are the policies, actually? The airwaves tend to be dominated more by 3 AM tweets, missing emails, misfiled paperwork, and other noise. Granted, some of that noise should be paid attention to, but it distracts from where each candidate stands on the economy, taxes, and more. Well, the Brothers Justice say, "Enough!" They've dug into the positions for both Clinton and Trump in order to do a side-by-side comparison injected with their trademark commentary. Taxes, central banking policy, corporate regulations, and more; Matt and Tim get to the root of each candidate's positions and breaks them down for ya. So instead of reading about another tweetstorm, sit back and enjoy episode 182 of the Trading Justice podcast. October's book is 401(k)aos by Andy Tanner. You can find it on Amazon right here, or check your local library. We'll be doing a live audience podcast on October 27 at 7 PM ET to discuss the book. You'll be able to join us right here: Podcast Room 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.

    Market Wizards interviews a wide variety of traders: contrarians, trend followers, market makers, scalpers, and more. Each one has their own strategies, biases, and market insights that are unique to them while still lending to each trader's success. Even with the wildly different personas, trading styles, and market views, there are consistent concepts that come up again and again as Jack Schwager interviewed these disparate and successful traders. Words and phrases: discipline; stick to your plan, avoid emotional trading. There's a few more, too. If you're a fan of the show, even that short list should look familiar... Join guest hosts Josh Cole and Noah Davidson as they break down Market Wizards in episode 181 of Trading Justice. October's book is 401(k)aos by Andy Tanner. You can find it on Amazon right here, or check your local library. We'll be doing a live audience podcast on October 27 at 7 PM ET to discuss the book. You'll be able to join us right here: Podcast Room 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.

The US economy, and the world's in general, is on shaky ground. Interest rates are at record lows (and negative in some instances), making it of marginal value to save or buy bonds. The markets are overextended to the upside, causing volatility spikes when there's movement to the downside. In such conditions, what's called a flight to safety often occurs; where investors move their capital to traditionally safe instruments such as bonds and precious metals. However, with interest rates what they are, the flight to safety is being concentrated more into gold and silver. That's where Steve Rand comes in for new and veteran investors. With over 13 years of experience assisting investors with the precious metals markets tailored to each investor, he's developed a keen understanding of the underpinnings of both gold & silver and the markets as a whole. Want to hear what Steve has to say about the current state of things? Then give a listen to episode 180 of Trading Justice. Want to get in touch with Steve Rand? Here's how you can: Ph: 602.365.0165 email: [email protected] web: www.sbcgold.com September's book is Market Wizards, by Jack D. Schwager (July 2012 edition). You can find it on Amazon right here, or check your local library. We'll be doing a live audience podcast on September 29 at 7 PM ET to discuss the book. You'll be able to join us right here: Podcast Room 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.

Millennials and later live in an exciting time. Many of them have never known life without the internet (or even Amazon in some cases). The availability of information is unrivaled in history. ...and in terms of trading, it's never been so robust or easy to keep up with your trades. From Robin Hood to full brokers such as Thinkorswim, you can trade on the go or fully immerse yourself in an eight-screen workstation. Unfortunately, while one hand giveth, the other hand taketh away. The future of a Millennial is far less uncertain. Gone are the days of their grandparents and parents where going to college could easily lead to a solid paying job. Also absent are pension plans from working at the same company for decades. Further, college is expensive (and increasing in price every year) and is increasingly becoming a form of credentialism. The path of a Millenial into adulthood and beyond will be far different than previous generations. Take Jake Larmour, for instance. He's a Millennial forging his own path. Having started working for his father at the age of 11, by the time he graduated, he already had close to a decade of experiences on his resume. Early in college, he came across Rich Dad, Poor Dad and through further digging, ended up signing up for Legacy Education classes. Today, he's still in school and further refining his day trading skills while also learning about real estate. On TOP of it. Want to hear more of Jake's story? Then sit back and listen to episode 179 of the Trading Justice podcast. You can find Jake Larmour in the Facebook Group: Liberated Traders. Here's a link for ya.   September's book is Market Wizards, by Jack D. Schwager (July 2012 edition). You can find it on Amazon right here, or check your local library. We'll be doing a live audience podcast on September 29 at 7 PM ET to discuss the book. You'll be able to join us right here: Podcast Room 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.

      September's book is Market Wizards, by Jack D. Schwager (July 2012 edition). You can find it on Amazon right here, or check your local library. We'll be doing a live audience podcast on September 29 at 7 PM ET to discuss the book. You'll be able to join us right here: Podcast Room 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.

  When Steve Andrus graduated from college to play basketball internationally, he didn't expect he'd really need to worry about money management. Even at $40 commission per trade, he could either buy and hold particular securities or put moneys into mutual funds. Unfortunately, an unscrupulous money manager was Steve's contact for investing, leaving Steve with little remaining in his investment accounts. There's often a silver lining, though. In this instance, the events lead to Steve resolving to get educated on investing in both stock and real estate. He dove in headfirst into all the books and workshops he could get his hands on, and with diligent practice, study, and the mentorship of a long-time floor trader, Steve found himself an instructor for TDAmeritrade teaching others how to invest himself. In Steve's long history of trading, he's seen the markets change considerably, from having to phone in those aforementioned $40 commission trades to managing everything from the comfort of your computer. Sit back and give a listen to Steve's story and the recent history of the markets. September's book is Market Wizards, by Jack D. Schwager (July 2012 edition). You can find it on Amazon right here, or check your local library. We'll be doing a live audience podcast on September 29 at 7 PM ET to discuss the book. You'll be able to join us right here: Podcast Room 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.

Mutual funds are marketed and sold as reasonably safe and effective investment vehicles; put your money in and forget about it until you retire. They can provide returns, sure, but they often perform less well than the S&P, and upwards of 60% of profits made in an account can be taken by fees and market action. It may sound unbelievable, but guest host Garrett Holden has been a mutual fund salesman himself, and attests that the figure is accurate. He didn't initially know the take from investors was so high until he started doing research to improve his performance for both the company and his clients. Shortly afterword, Garrett started looking for other ways to help people financially, and it came down to educating them about finance so people can act on their own. Hence, this month's book, Money: Master the Game by Tony Robbins. It lays out the details above for the average layperson and how stacked mutual funds are against investors in such instruments. The book goes on to draw the same conclusion: teaching oneself how to trade and manage finances independently is more effective in the long run provided you're willing to learn. What you invest in and how is up to you (although, Tony makes several suggestions), but the most important thing is taking action. Join guest host Garrett Holden as he breaks down the book section by section along with his own commentary throughout in the August edition of the Trading Justice Book Club. September's book is Market Wizards, by Jack D. Schwager (July 2012 edition). You can find it on Amazon right here, or check your local library. We'll be doing a live audience podcast on September 29 at 7 PM ET to discuss the book. You'll be able to join us right here: Podcast Room 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.

With so much going on in your life every day, it can be difficult just to find the time to trade, let alone plan your trades. When you do, how can you decide what to trade? Pundits such as Kramer and his ilk always are going on about the latest hot stock. You could just blindly listen to them. ...or maybe you could just trade stocks of companies you like. Put your money behind companies that do what you consider good work. ...those are both terrible ideas without proper planning and insight, by the way. If tempered with your own trading plan as a check against whether said stocks fit what you've determined to be good trades for you, doing so can work just fine as a starting point. A trading plan is essential to the active trader. It'll help you stay on course with your personal trading goals and rules regardless of what the market is up to. A plan removes emotion when you hit a hot streak and start feeling unbeatable (a dangerous place to be); it keeps you on the straight and narrow instead of chasing high risk big wins that you normally wouldn't go after. At the same time, a plan helps remove some of the sting from losing trades, as well. Not every trade is going to be a winner, and a proper trading plan will take that fact into account and both help pad the ego from the losses along with keeping you from chasing high risk big wins to make up for lost ground. So if you haven't found the time to make a trading plan and you're just drifting to and fro in the markets, make time. ...then stick to those rules. Your portfolio and your nerves will thank you.   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 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.

Trading is an expansive enterprise that's been around for quite some time. With anything so complex and aged as trading, there's bound to be general beliefs and advice that crop up. Some are solid: Don't fight the Fed by trading contrary to what they're doing. Trade the trend of the chart, not your hunches. There are no old, bold traders as there's no real reason to take on excessive risk when trading for the long term. Other beliefs and advice is incorrect, or at least incomplete.  Mutual funds are safe. Trading is hard. It takes a lot of time to trade. These statements and others have wormed their way into some traders' thinking, and Trading Justice is setting out to undo these incorrect assumptions and beliefs. Join Matt and Tim as they assess ten different trading myths and deconstruct them point by point as to how they're incorrect. From trading only being for men to the market being unbeatable, this isn't an episode to miss. You can download the list of trading myths for your self right here: download link   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 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.