The ability to manage your emotions at a comfortable level is a decided advantage for any trader to have in the market. It takes a live focused attention and energy and commitment to offset the hardwiring of the millions of years of evolution that shaped our evolutionary brain. A very powerful technique in the battle […]
Month: April 2009
Profitable ETF Trading Strategies:trading through the metaphorical lens of combat
In other articles I have considered the usefulness of selecting metaphors to help you place your trading plan in context. Metaphors are powerful devices for focusing your mind in helping provide context for complex behavior in situations where consistency and forceful action are often the critical components of success. In this article I want […]
Profitable ETF Trading Strategies: mastering the execution phase
Successful military operations are characterized by high performance execution of a detailed plan that has been well-prepared and thoroughly rehearsed. The principles that govern military success on a complex, uncertain Battlefield can be successfully applied to improve your trading practice. In other articles I have examined the phases of planning and preparation in greater […]
Profitable ETF Trading Strategies: the preparation phase of trading
Successful military planners for years have employed a three phase approach to battlefield success. By organizing their battle space and time into the phases of: Plan, Prepare and Execute, military planners have established a history of success. This mental model can be applied directly to improve your trading practice. Each of these phases deserves attention […]
Profitable ETF Trading Strategies: the operations order format of structured trading
The military’s five paragraph field order is a template for trading success. By adapting this powerful template, you will have an outline of required information to ensure that your plan is complete. The five sections are: situation, mission, execution, support, command and control. Let’s take a quick look at the contents of each of these […]
Profitable ETF Trading Strategies: three leadership questions for traders
I had an opportunity to conduct a two-hour interview with the executive director of the Center for Creative Leadership and explore their research into the field of emergent leadership. It is their opinion that modern leadership for conditions of uncertainty take on a different form than are conventional notions of leaders and leadership. Their insights […]
Profitable ETF Trading Strategies: 10 ways to find new edges
If you want to find opportunities in the market that no one else can see, then you must admit to looking at the market in a different way than the herd. In practical terms this can mean doing things like: 1. Adjusting the parameters of a popular instrument of technical analysis said that you get a […]
Profitable ETF Trading Strategies: Kipling’s Jungle Books metaphor in trading
I have written in previous articles about the power of metaphor in trading. Our evolutionary brain makes powerful use of analogy to reason about new situations to find effective behavior. To see in a flash that this situation is like that situation and that what worked for success over there might work over here is […]
Profitable ETF Trading Strategies: fighting for dimes
There are some traders who say that it is not worth our time and attention to fight for nickels and dimes. In my opinion though, it depends on the nature of your trading whether this is sensible advice or not. Here is an example of when fighting for nickels and dimes makes a lot of […]
Profitable ETF Trading Strategies: examining uncertainty
Many psychologists who specialize in the training and education of equity traders focus on the importance of managing uncertainty in your trading practice. I agree with their emphasis, because I believe that your trading practice is composed of equal measures of your self, your systems and the market. Uncertainty plays a major role in each […]