Tackle Today: Directional or Cash Flow trading | Tackle Trading

How are you tackling this market?


This morning’s market action is mixed as reports from Wal-Mart, Home Depot and Kohls came in regarding their quarterly earnings reports. As expected, the retailers saw increased sales online compared to in person, and generally beat their expectations for the 2 ndQuarter. Oil is stuck in its range, while gold is pushing near $2000 per ounce and the US Dollar is breaking below support.

These are the themes that have been in place for some time, and the question is: how are you trading them?

When charts trend, directional trading is the best approach. When charts stagnate, cash flow trading takes the lead. Many traders use a combination of both, as they build their swing and position trades.

Using different trading styles, and adapting to changing market conditions, is a valuable tactic to use if you can do so. It is wise to learn how to day trade, swing trade, position trade, and invest using directional AND cash-flow principles.

You may have your favorite approach, and a developed system. If so, great! If not, get to work. And, even if your system is dialed in, do you know how to adapt to changing market conditions with new techniques if needed?

Here is a challenge of the day, spend some time evaluating different trading strategies and styles so that you understand them. Also, think about how they may play a role in your own trading and investing plans as you build your skillsets.


Chart of the Day

Pinterest, Inc. Daily Chart.

PINS was a bullish pick on this week’s Options Report. After strong earnings in late July, the stock consolidated until the move today, another break above resistance and you have a new trigger entry opportunity. Review the entire weekly report here: https://tackletrading.com/options-report-august-15th-2020/

Video of the Day

How to Develop a Trading Identity

Coach Tim goes over the importance of creating your own trading identity.A quick overview of what SMART goals are and how they can improve productivity.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.

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.

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 August 18, 2020.




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Learn. Trade. Connect. Succeed. tackletrading.com

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