There are many traders who advise you to have the courage of your convictions. They will describe situations in which they were experiencing maximum pain but found the courage and fortitude to hold on and stay with the position and were handsomely rewarded for doing so. They may even have some impressive charts to […]
Month: April 2009
Profitable ETF Trading Strategies: the power of re-entry
Every short-term trader has had the experience of exiting a position to preserve a profit only to see the position immediately resume its favorable ways without you on board. Most traders have kicked themselves for letting these profits get away and have sat on the sidelines watching the position continued to grow without them. […]
Profitable ETF Trading Strategies: insights from cognitive neuroscience
Cognitive neuroscience has found seven important findings about how your brain is wired that affect your performance. 1. The way you sense information and the way your senses are connected to your brain are unique and diverse. 2. The more you use a particular style of cognition and sensing, the more developed that skill and […]
Profitable ETF Trading Strategies: Synchronizing your trading systems into an effective strategy
Achieving integration and synergy is a critical part of the military planning process, which has a direct connection to the task of trading successfully. Military units achieve integration and synergy in a variety of ways that include phasing, control measures, decision criteria, a synchronization matrix and rehearsals. Each of these can be a great help […]
Profitable ETF Trading Strategies: applying the concepts of Mission and Commander’s Intent to improve your trading
The military planning process offers powerful insights that traders can apply to improve their trading practice dramatically. This article looks at the powerful idea of the Concept of the operation. The concept of the operation immediately follows the Mission Statement and Commander’s Intent, which lays out the critical tasks and purpose of any operation, and […]
Profitable ETF Trading Strategies: adapting the best practices of military planning
The Military Decision Making Process is a reliable way for military unit commanders and their staffs to conduct rapid yet thorough planning and produce highly reliable plans that have an excellent chance of producing success on a complex and uncertain battlefield in the face of a dedicated, adaptive enemy bent on their destruction. It is […]
Reflecting on the source of qualitative judgement
Profitable ETF Trading Strategies: introducing “ready fire aim” for traders
If you don’t have confidence in your understanding of the market you are trading, and or have a specific strategy that has a definable set of rules for scanning, filtering, stalking, entering, managing, and exiting your trade, you might think of the opportunities in terms of “Ready-Fire-Aim” instead. Performing these 3 tasks in a different […]
Profitable ETF Trading Strategies: “Ready-Aim-Fire” for traders
If you have confidence in your understanding of the market you are trading, and have a specific strategy that has a definable set of rules for scanning, filtering, stalking, entering, managing, and exiting your trade, you might think of it in terms of “Ready-Aim-Fire”. By getting this sequence right, and performing the required tasks properly, […]
Profitable ETF Trading Strategies: a craftsman’s approach to trading
How you think about the activity of trading in the world has a powerful influence on the planning preparation and execution of your trading plan. Robert Pirsig describes the mindset of Grail seekers in his excellent book Zen and the Art Of Motorcycle Maintenance. He called it the romantic approach and associated with things like […]