i was remembering his analogy of the ship at sea in a storm, and that democracy is not well suited (his conclusion not mine)for voting in the right person to take the wheel, that what we really want is the best captain at that moment of storm, regardless of whatever other short comings he may […]
Month: August 2009
Traders Roundtable: the eight “P’s” of trading success
At a recent weekend traders roundtable discussion, the topic of the keys to trading success came up. Experienced traders with different styles and different favorite markets and techniques identified what they thought were their best pieces of advice for novice traders. It was late in the day and adult beverages may have been served and […]
Traders roundtable: the three phases of new system innovation
At a recent traders roundtable discussion, we started to review the procedures and practices that each of us followed for coming up with new ideas to trade the market. While each trader have their own specific routines and follow, there were some aspects of their practice that were in common with each other. Here are […]
Profitable ETF trading strategies: cooperating with the voice of the future
Trading is by its very nature a crapshoot, filled with uncertainty. People find trading so difficult because it rewards the ability to maintain an open mind with respect to performance and uncertainty, whereas our pattern matching brain desires to create order out of chaos no matter what the cost. We like to believe that there […]
Profitable ETF trading strategies: a thought experiment with relative strength
Typically, traders will apply various technical analysis indicators to the behavior of price of an instrument in order to find moments of advantage. Many times these are combined in systems of ever-increasing complexity and apparent sophistication. All of these concepts however are based off of direct behavior of price. That’s not the only way that […]
Profitable ETF trading strategies: the power of focus
I have a good friend who has been struggling for years to become a professional trader in the stock market. He is well-capitalized, smart, a quick learner, humble, energetic, self disciplined and passionate about his desire to be a full-time trader. And yet, after years and years of trial and error he has not made […]
Profitable ETF trading strategies: reflection theory and its implications on back testing
A simple explanation of reflection theory comes from the mathematical field of set theory and statistics. The theory can be made as complex as you want it to be, based on your interest in statistics and math, but the essence of it is intuitive and has some interesting insights for back testing your systems in […]
Profitable ETF trading strategies: the importance of the initial capital preservation stop
Chat rooms and discussion boards are filled with the talk of what to do about stops for active traders? This discussion can seems take on an almost religious fervor and I have never actually seen a single discussion thread where anyone’s mind was ever changed or consensus was ever reached. That probably relieves me of […]
A note for my son as he starts his senior year of high school
I hope you read this, my son, who I am so proud of. I see you growing up to be a fine young man and I could not be prouder of you than I am. I also want to know how much I love you. I remember the day that I brought home my firstborn […]
You don’t have to take the pill, grandma, but we want to make sure you know your options
The American Thinker weighs on with some chilling evidence about the direction being suggested by the economic incentives of single payer public healthcare. All in the name of efficiency.