A friend of mine who is seeking to develop his skills as an equity trader asked what book on trading he should read if there were only one. I started to think about the different masterpieces I have read and have applied in my own trading. There are masterpieces of fundamental analysis, of technical analysis, […]
Tag: coaching
Profitable ETF Trading Strategies: the power of stories
Trade like a storyteller We know from cognitive science and learning theory that humans are storytellers by both nature and nurture. Knowing this about how our brains are wired can help us in a couple interesting ways as lifelong traders and learners. Generally it is easier for most people to learn when the new information […]
Profitable ETF Trading Strategies: adapting to a changing market
The market goes through changes all the time, as market participants and their methods and objectives change through time. Sometimes trend following will dominate, sometime reversion to the mean trading will be effective, other times channel trading with strict profit targets will work. It is normal for traders to develop preferred methods of training, based […]
Profitable ETF Trading Strategies: paying attention to market pivot points
To extend the metaphor of “Trading is like Driving” a little further, you could think of the market’s pivot points to be like lanes on the highway. When you are driving on the Interstate or even just in town, the lane markers have come to take on an important meaning ion the minds of every […]
Profitable ETF Trading Strategies: trading large cap stocks and broad ETFs
There are a lot of reasons to trade large cap stocks and the exchange Traded Funds (ETFs) that track the broad sectors and regions of the world. It’s not without its tradeoffs, but for a lot of new traders it can make a lot of sense. You will have to give up the goal of […]
Profitable ETF Trading Strategies: Trade like a defensive driver
I was giving my teenage daughter some advice about how to survive on the road. As a newly licensed driver, she was naturally apprehensive, because this is a brave, new world for her. As I heard myself giving her guidance from 35 years of successful driving experience, I was struck by how similar it was […]
Profitable ETF Trading Strategies: Start with the basics
A friend of mine, frustrated at the pace of his progress, asked how he could gain and maintain momentum on his personal journey towards trading mastery. Here are my thoughts: I would start with the daily tasks of trading and get the procedural parts down. At the same time, I would suggest weekly evaluations of […]
Profitable ETF Trading Strategies: 5 ways that trading like a gardener will improve your results”
Gardening is a hobby, a craft and an art when practiced at the highest levels. It helps develops habits of mind and healthy attitudes towards your daily work that can be of great benefit in the high stress world of short term trading. Here are 5 things you can learn from gardening that will help […]
Profitable ETF Trading Strategies: trade like an autobahn driver
Support and resistance levels create congestion zones around certain price levels. In congestion zones, there is no clear indication if the follow-on trend will be either up or down, as bulls and bears are wrestling with each other for control of price. A congestion zone on a chart occurs when price is moving sideways, and […]
Profitable ETF Trading Strategies: developing the daily trading plan
Trading the markets on a daily basis with short term strategies places a premium on efficiently and effectively developing a comprehensive daily trading plan. Short term trading can be a very rewarding part of an overall trading and investment strategy. Without a sound and comprehensive plan, though, there are just too many ways to go astray for […]