Tackle Today: A portal to another world | Tackle Trading
≈ A Technical Analysis Adventure ≈
Many science fiction movies, television shows, and novels incorporate the use of a portal. Depending on the tale, the portal can lead to another place on this planet, to another world, and even to another dimension. The common theme that overlaps all these works of science fiction is that once the adventurer enters the world, they are exposed to things they have never seen before and embark on an adventure in this new location.
When most people are exposed to the technical analysis for the first time, the experience and excitement is very similar to the adventurer entering a portal and experiencing a new world. For all practical purposes, the principles of trends, support, resistance, Fibonacci retracements, moving averages and other indicators might as well have been in a different dimension for most of us.
Undoubtedly the adventurer has apprehensions, worries, and even fears about being exposed to such a strange environment. A brave new world exists once you enter the world of trading and technical analysis. It can be a bit scary but taking that first step through this portal might not lead you to a new world, but it certainly can transform your own.
Chart of the Day: S&P 500 (SPY)
With price approaching all-time highs last week, the markets effectively took the week off last week as it was one of the more boring weeks of 2019. Will it be more of the same this week? Unlikely, with the shear number of companies reporting earnings there are sure to be a little more movement. We will eb all over all of the action this week in the Trader’s Lounge, Halftime Report and nightly shows.
Video of the day: Analysing a Naked Put vs Bull Put Spread
Coach Matt and Noah compare using a Naked Put vs a Bull Put Spread. They compare the pros and cons of each and talk about how traders should decide which strategy to use.
Financial freedom is a journey
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Originally published at https://tackletrading.com on April 22, 2019.
