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 […]
Tag: daytrading
Profitable ETF Trading Strategies: designing a robust trading system
One of the first questions the new trader will ask is how to develop a trading strategy that works in all market conditions. If you think about this as a design problem you will realize that this is always the most difficult task of all. Such a system would have to be both strategic and […]
Profitable ETF Trading Strategies: trading the morning gaps
There are many trading books from excellent traders that described their particular techniques for trading the morning gaps. If you look carefully at their ideas see that in many cases we are in complete disagreement about an appropriate strategy for the gap. This sounds stranger than it really is. The morning gaps is so volatile […]
Profitable ETF Trading Strategies: efficiently developing an effective trading plan
Every day after the market closes I prepare a trading plan for the following day. Every Friday night, I analyze the market conditions on a weekly basis to develop a week long trading strategy that will last entire week. My combined daily trading plan then incorporates both the weekly and daily preparation. I use a […]
Profitable ETF Trading Strategies: a reflection on trend following
Trend following is one of the most powerful practical trading strategies available to you as an individual trader. It is suitable for multiple time frames and multiple markets. In a very real sense, all trading strategies regardless of time frame incorporate some aspect trend following except for purely random entry systems. In my own personal […]
Profitable ETF Trading Strategies: four sources of traders insight into self
There are a number of ways to trader can go about gaining self-knowledge. I want to describe four important sources in this article: assessment instruments, reflective journals, traders mastermind and a trading coach. Each of these can offer important insights into your trading practice, and I recommend that traders use each of these for their […]
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: is mechanical trading right for me?
Clearly, when you are considering whether or not a particular trading strategy is appropriate for you it comes down to bottom line performance. Can you, in fact, execute the trading strategy according to the rule sets as defined? In this sense it doesn’t matter whether your system is purely mechanical or discretionary or combination of […]
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: living with normal fears
In other articles I have considered the usefulness of selecting metaphors to help you place your trading plan in context. Metaphors are powerful devices for focusing your mind in helping provide context for complex behavior in situations where consistency and forceful action are often the critical components of success. In this article I want to […]