Friday Feature: Fitness Meets Trading Part 2 | Tackle Trading

There are adjustments in life we all must make and those adjustments may not be handled appropriately after the first time.
— Marques Johnson —

There are adjustments in life we all must make and those adjustments may not be handled appropriately after the first time, but please believe that another situation that was identical to the first will arrive once again. The question then becomes, how do you react to it the second time and that will be a good indication if you’ve learned your lesson or not. Let me give you an example when it comes to weightlifting.

I was squatting heavy one morning and I was going for a 15 rep count which is not the norm for most individuals with heavy weight on their back. Once I approached the halfway mark during this set, doubt crept in my head as I was losing breath quickly, 15 reps was looking doubtful because it felt like 20 more to go, my form also began to crumble and I eventually failed at 11 reps.

Now even though I failed, I still had the confidence in me that I could still knock out the 15 reps, but how do I overcome the fatigue and at the same time keep posture in check performing the task and for those of you who are fitness junkies like myself understand that a lot needs to go right when you’re performing compound lifts.

What came out of it was that I needed to pace myself at a slower speed to keep my composure under control mentally and physically and which would also allow me to sustain my form at a longer duration. The following week 15 reps of 315lbs was accomplished and it felt great more so mentally than actually completing the set itself because squatting like that is highly difficult and the time I put into thinking how to overcome that obstacle knowing I was going to attempt it again.

In trading, the same thing will occur in your portfolio with a few positions of yours that are going in the opposite direction that you’d like for them not to go. When I started out as a trader selling .20 bull puts and naked puts, I thought I was in smooth sailing not even thinking about adjustments that would be necessary after I placed the trade. So when things went against me I had lost more money than I should have or it was too late to make any of the right hedging techniques because by then the stock turned back in the opposite direction losing money on the hedge on top of the original position leaving me with a double whammy!

There’s not one trader this hasn’t happened to, but it’s almost good that this happens so we understand once that situation appears again, how are you going to respond?

Every week there’s always one position or two that I have to make adjustments on and a lot of it comes down to timing and knowing the proper technique to use in each situation and I only understand that now because of experience and reaching out for guidance when in doubt.

Tackle Trading has produced a lot of content over the years and especially in recent months on how to handle positions that go against us and it would be wise to go through their vault of videos that have not only helped me but for any of you out there who feel lost and need fine tuning when these situations occur and they happen all the time!

‘Till next time,

Marques Johnson. Full-time Trader.

I’m from Virginia and I grew up in a military home where I was raised by two parents who provided me the best of both worlds from how to be a good person and how to be self-sufficient in life. I’ve been trading for three years now and each year there’s always something significant I learn because the markets are changing all the time. I particularly focus on trading stock and futures options but trading isn’t the only thing I’m passionate about. Fitness is a significant aspect of my life and personal training is what I do throughout the day, so the balance of trading and fitness is a great mix for me mentally and physically which keeps me motivated every day.

Financial freedom is a journey

The Tackle Today series is brought to you by Tackle Trading.

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.

# Sign up now for a 15-DAY FREE TRIAL #

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.

Originally published at https://tackletrading.com on June 21, 2019.

--

--

--

Learn. Trade. Connect. Succeed. tackletrading.com

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

5 Advantages of Spendee Premium ⭐️

Where does a person go to find a real loan shark?

How my Roboadvisor account in Wealthfront performed since July 2017

The Truth About Investment Newsletters

Sav Stock — How To Make A Fortune From Tesla’s Secret Supplier

Open these accounts , take loans and advances, start your own business

Why are their so many questions for fast loans, or free credit report lately?

Consumer Financing as the Ultimate Competitive Advantage for SMEs in 2019

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Tackle Trading

Tackle Trading

Learn. Trade. Connect. Succeed. tackletrading.com

More from Medium

Invest in leisure stocks in Spring of 2022?

Introduction to Fundamental Analysis — Part 2(How to value a Company and its Stock Price)

Kelly’s Formula: How to Calculate the Size of Our Investments

Understanding the Basic Comparison Between Fundamental and Technical Analysis