I have to trade because of the intellectual and emotional challenge and the satisfaction I get from trading well. I love to trade because I find it interesting, and it challenges me every day to discover who I am and what I can do. I like to trade because it combines my passions for action, research, intellectual challenge and adaptation. Trading […]
Tag: trading
Reflections on leadership and risk management
Image via Wikipedia Carol: as you develop experience with working for new and different bosses, you find yourself with a standard strategy of how to size them up and find out what makes them tick so that you can work with them and for them? Do you find yourself spending more or less time with […]
Traders Roundtable: the eight “P’s” of trading success
At a recent weekend traders roundtable discussion, the topic of the keys to trading success came up. Experienced traders with different styles and different favorite markets and techniques identified what they thought were their best pieces of advice for novice traders. It was late in the day and adult beverages may have been served and […]
Traders roundtable: how does position sizing compare to diversification as a risk management tool?
In a recent traders roundtable discussion, our talk came around to a discussion of two different risk management tools: position sizing and portfolio diversification. The question became: which one of these strategies is more effective? The discussion led us to quickly reframe that question into one which said “how do both of these strategies, and […]
Profitable ETF Trading Strategies: trade like Ted Williams hit baseballs
There is general agreement that Ted Williams was the greatest hitter in the entire history of baseball. He brought a science to the practice of hitting, a committment to the informed practice of his craft, a deep understanding of his strengths and weaknesses as a hitter. These combined with his natural physical ability to produce […]
Profitable ETF Trading Strategies: the best book on trading
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, […]
Profitable ETF Trading Strategies: an extended reflection on risk management and mental toughness
A Trader Quality Number idea: if i want to trade AA today, and in the sideways mkt i have been using .1 iStop, maybe today i can use .4 as the iStop for position sizing, and acknowledge i will exit at -.5R or an adverse move of .2 if you are timid about pushing the […]
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 […]