Trading Lesson: 12/30/2008 Summary: a review of some 5DD and 5DDC setups, and an inquiry into self talk ========================================================== The Trader: COP has a nice chart today. Had my eye on it after you put it on your list of 5DD. Got distracted after it went down a 6th day. Should have watched it […]
Tag: trading
Profitable ETF Trading Strategies: Sector Contrarian
There is a new conventional wisdom beginning to emerge from the stock market these days and it says that there’s no way you can make money in a bear market unless you have the good fortune to be an expert market timer and bet against the recovery of the broad market. While it is true […]
The path to mastery, with emotional intelligence
The studies in the Cambridge Handbook of Expertise and Expert Performance describe the path to mastery as: (1) Deliberative Practice (2) Time spent at Deliberative Practice (3) Assistance from a mentor. Deliberative practice can be broken down to: (1) Identifying a long-term outcome (2) Breaking down the skills that lead to that outcome into its […]
In this thoughtful posting, Dr Jack Kem examines the strategic and conceptual changes in the publication of the new FM 7-0 Training the Force. here is a highlight: Conceptually, the band of excellence was intended to provide a training focus so that there wouldn’t be wide variance in unit proficiency – train on the essential […]
Efficient markets: Being vs Becoming
There is a world of difference, all you need really, in the difference between these 2 statements: the market IS efficient and the market becomes efficient. It’s the difference between a state of being and a state of becoming (a state of action). A market moving towards efficient price levels is a market in motion, […]
How can a trader be short term bullish in such a bear market?
Washout pattern strategy
A short term trading strategy that is robust in bear market conditions
Profitable ETF Trading techniques: Systems thinking for traders
The purpose of this article is to review some of the highlights of systems thinking. My focus will be on practical applications and rules of thumb, rather than trying to develop a scholarly article which would only be of interest to … well, scholars! I will make every effort to do you no intellectual harm, […]
Markets testing intermediate term low: set up for a low risk trade here
the test of Friday’s low sets up an excellent, low risk short term trade here. We will look at it in the seminar tomorrow as a case study. The volatiltiy has been murderous on investing, and buy-and hold, but has been excellent for short term trading designed to capitalize on chaos and uncertainty
Profitable ETF Trading techniques: Understanding the importance of behavioral finance
We know that people pride themselves on their rationality and analytical skills. This is very evident in traders who invest a lot of psychological energy into their systems and personal discipline. And yet it is also very clear that psychology is extraordinarily evident in financial decisions. Time and again ,psychological pressures will over-rule rational analysis […]