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 […]
Tag: retirement
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: 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 […]