In order to build up your emotional and financial bank accounts during the day, short-term traders should consider the technique of “feeding the bulldog” and making this a primary objective of each trading day. There is an old saying to the effect that “talking doesn’t feed the bulldog”. This is a colorful way of saying […]
Category: Planning
Profitable ETF Trading Strategies: managing your emotional bank account
Managing your intraday trades when the market is open can be a very nerve-racking experience. Sometimes there’s so much going on that it’s hard to keep track of what’s important. Other times it seems like you’re watching paint dry and nothing is going on in, and you can feel your nervous energy building up in […]
Profitable ETF Trading Strategies: leveraging our need to be right
By learning how to manage your need to be right, you can reduce your trading frequency, improve your trade management skills and add directly to your bottom line. There is a connection between our need to be right, our self-confidence, and our trading frequency which resides deep in our emotional center. By understanding this […]
Profitable ETF Trading Strategies: measuring your open risk in minutes per trade
The shorter the time frame of your typical trade, the more important that the refinement of your entry becomes. In fact, the more important that the refinement of each segment of trade management becomes, because there is less time available to correct for errors or to overcome sloppiness in execution. For short-term trading, such as […]
Profitable ETF Trading Strategies: 10 ways to improve your span of control
Understanding your span of control is essential for knowing the maximum number of trading positions you can have open any single time. Sometimes span of control is the limiting factor in the number of open positions. Sometimes it is trading capital available. Sometimes it is your maximum allowable portfolio heat. Your portfolio heat means how […]
Profitable ETF Trading Strategies: understanding your span of control
The military describes managing current operations as command and control. One of the most important concepts in command and control is the idea of span the control. Span of control describes how many simultaneous, subordinate operations you can successfully manage at appropriate level of detail given the current situation of uncertainty, stress and pressure. […]
Profitable ETF Trading Strategies: a checklist for battle stations
Military command posts must monitor the situation around them 24 hours a day and seven days a week. There is never a time when they can take the day off. But there are also times that require extra vigilance and attention to detail such as when the unit is about to engage in a new […]
Profitable ETF Trading Strategies: can I make a living as a mechanical trader?
The short answer is: no, you cannot make a living as a mechanical trader. In fact, you cannot make a living as any kind of trader, mechanical or otherwise. This doesn’t mean that you are a bad person or stupid or somehow lack the qualities needed to be a success in life. It is simply […]
Profitable ETF Trading Strategies: appreciating the power of rehearsals
Rehearals are considered to be one of the highest payoff practices in the military planning process. It’s where units develop and reinforce the patterns of action and decision-making that make all the difference in combat. Rehearsals will improve your trading practice as well, if you understand how to do them well. There are 4 main […]
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 […]