One of the most common quests for trading excellence early in a trader’s career is the search for an all purpose, robust trading secret which can be used to guide the trader through all markets, in all time frames, in any conditions, regardless of the instrument being traded, the size of the position, and your […]
Tag: ETFs
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: Finding a quality Mastermind Trading Group
Finding a mastermind that’s right for you. In a previous article I described some of the ideal qualities of a Mastermind for traders and the reasons why the social connections and personal support are so important fr the lonely profession of trading. Maintaining emotional balance and energy are so important in this career. How […]
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 […]
The market is in a Washout pattern here
the entire mkt is in a Washout Pattern (WO) pattern here meaning: there is reason to buy the mechanical entry a nickel above the hi of today there is reason to buy evidence of momentum prior to the mechanical entry in order to front run it, so that u can get a better average price […]
A Reflection on the gold ETF (GLD)
A friend sent me a report on “problems/concerns with the GLD ETF as structured and asked me to comment. I said: GLD is kind of in the same category of ETNs which are promissory notes of the investment house which is guaranteeing performance of the instrument. There are quite a few of those out there […]
The 5 Day Down Failure pattern explained
example of a current short position in Raytheon that has returned %R already, and more coming it seems; shorting the defense industry is a gimme right now