What happens when you have placed your trade and you immediately have second thoughts as you watch the market moving against you? It is a normal trading experience to have a position that has moved in your favor a certain distance but has begin to stall before it reached the price that you were expecting […]
Category: Creativity
Profitable ETF Trading Strategies: the Problem of “Maybe”
A lot of professional traders manage the complexity of the human psychological dimension of trading by removing their emotional judgment as much as possible from the system by using a mechanical system. In other articles I have described how even mechanical traders will have to address psychological issues that are a natural consequence of trading […]
Profitable ETF Trading Strategies: Sources of Psychological Pressure for Mechanical Traders
How does a mechanical trading approach adapt to a complex market? When should you adjust your rules as a trader? Is there a place for discretion in mechanical trading? A lot of professional traders manage the complexity of the human psychological dimension of trading by removing their emotional judgment as much as possible from the […]
Profitable ETF Trading Strategies: Mastermind Meeting Discussion Topics
How can we focus the Mastermind discussion group’s attention? What kinds of topics are worth discussing? How do we keep the group on topic? In previous articles we have seen how to find quality mastermind groups for traders, and how a Mastermind group can improve your trading practice. When the Mastermind comes together in a […]
Profitable ETF Trading Strategies: being a good Mastermind member
We have seen in a couple of other articles the benefits that accrue to members of a good Mastermind trading group, and some ideas on how to find and join a good Mastermind group. Having joined a Mastermind, how should you behave? Most of your behavior should be guided by the principles of being a […]
The Snapping Turtle trading technique: a case study
Here is a snapshot of one of our bread and butter intraday trading techniques: the “Snapping Turtle” technique which in Coca Cola (symbol: KO) turned in another reliable trade as the market melted up today. Chart 1 reflects the situation at the moment of entry. Our analysis suggested that if price were to move thru […]
Profitable ETF Trading Techniques; 10 qualities of a good Mastermind group
What can a mastermind do for you? Why should this be part of your trading practice? What are the qualities of a good mastermind? Trading can be a very lonely profession particularly with online trading through a deep discount broker. At the same time trading places tremendous psychological pressures on you to win or at […]
A thought experiment in leadership and identity
Here is a thought experiment to get your mental juices flowing Who am I? a multi-billion dollar enterprise with a long and distinguished history, filled with notable achievements, and some dismal failures have for held a position of international leadership for decades associated with a core function of any modern nation and economy provides products […]
Reflective learning and Self Talk
At our trading workshop this weekend, wr reviewed a numbver of what I consider to be milion dollar ideas: ideaswhich, over the course of a lifetime should produce a net value add greater than a million dollars in trading performance. While we were doing that in the middle of our assembled traders and institutional money […]
Reflections on Qualitative Research techniques: interviewing
Wow 1: Lofland and Lofland p.37. “…It is precisely the “spy quality” of covert research in closed settings that raises questions about it propriety in social science” It strikes me that even if you take care to protect individuals by withholding their names, your results may end up introducing harm if the organization you are […]