Successful military planners for years have employed a three phase approach to battlefield success. By organizing their battle space and time into the phases of: Plan, Prepare and Execute, military planners have established a history of success. This mental model can be applied directly to improve your trading practice. Each of these phases deserves attention […]
Tag: training
Profitable ETF Trading Strategies: the operations order format of structured trading
The military’s five paragraph field order is a template for trading success. By adapting this powerful template, you will have an outline of required information to ensure that your plan is complete. The five sections are: situation, mission, execution, support, command and control. Let’s take a quick look at the contents of each of these […]
Profitable ETF Trading Strategies: three leadership questions for traders
I had an opportunity to conduct a two-hour interview with the executive director of the Center for Creative Leadership and explore their research into the field of emergent leadership. It is their opinion that modern leadership for conditions of uncertainty take on a different form than are conventional notions of leaders and leadership. Their insights […]
Profitable ETF Trading Strategies: 10 ways to find new edges
If you want to find opportunities in the market that no one else can see, then you must admit to looking at the market in a different way than the herd. In practical terms this can mean doing things like: 1. Adjusting the parameters of a popular instrument of technical analysis said that you get a […]
Profitable ETF Trading Strategies: Kipling’s Jungle Books metaphor in trading
I have written in previous articles about the power of metaphor in trading. Our evolutionary brain makes powerful use of analogy to reason about new situations to find effective behavior. To see in a flash that this situation is like that situation and that what worked for success over there might work over here is […]
Profitable ETF Trading Strategies: fighting for dimes
There are some traders who say that it is not worth our time and attention to fight for nickels and dimes. In my opinion though, it depends on the nature of your trading whether this is sensible advice or not. Here is an example of when fighting for nickels and dimes makes a lot of […]
Profitable ETF Trading Strategies: examining uncertainty
Many psychologists who specialize in the training and education of equity traders focus on the importance of managing uncertainty in your trading practice. I agree with their emphasis, because I believe that your trading practice is composed of equal measures of your self, your systems and the market. Uncertainty plays a major role in each […]
Profitable ETF Trading Strategies: on having courage
There are many traders who advise you to have the courage of your convictions. They will describe situations in which they were experiencing maximum pain but found the courage and fortitude to hold on and stay with the position and were handsomely rewarded for doing so. They may even have some impressive charts to […]
Profitable ETF Trading Strategies: the power of re-entry
Every short-term trader has had the experience of exiting a position to preserve a profit only to see the position immediately resume its favorable ways without you on board. Most traders have kicked themselves for letting these profits get away and have sat on the sidelines watching the position continued to grow without them. […]
Profitable ETF Trading Strategies: insights from cognitive neuroscience
Cognitive neuroscience has found seven important findings about how your brain is wired that affect your performance. 1. The way you sense information and the way your senses are connected to your brain are unique and diverse. 2. The more you use a particular style of cognition and sensing, the more developed that skill and […]