ETF Trend Trading System: Learn From Women, Men!
So, if you’re male don’t be offended by this. As a long time ETF Trend Trading advocate I have usually found this to be surprisingly true.
First, women tend to admit their mistakes quicker and easier than men .. generally speaking. Confronted with the same losses men tend to point to their fund managers incompetence or economic irregularities before they suck it up and admit to their own mistakes. Women generally speaking aren’t typically like that.
Again, I know I haven’t met your wife or girlfriend. But I’m speaking in general terms here.
Having said that, just understand that if you don’t confess when you’re wrong or when the trade is working against you, then you’re tempted to move your stop…and doing so will absolutely blow up your account.
Second, women learn better than men. They’re more teachable especially with regards to new tasks. My wife can learn a lot of stuff faster than I can. Now I realize that we all have or own strengths but the point is we all need to be teachable at trading especially when it comes to learning a trading system, money managing skills, position sizing, patience, etc.
If you don’t LEARN how to fix a recurring problem you will frequently make that same or similar mistake.
The last trading quality that makes women better traders: Pride. Most men trade with their ego and not intelligence Do you take pride in your trading skill or do you think you’re a god to the markets? “That’s blasphemous!”, I hear you say. But when you have a winning string of trades does pride drive you to start doubling your trades. That’s a symptom…
Conversely, an account busting losing streak happens and you react accordingly. Even though you may have followed every technical consideration that your trading system calls for thus completing the trade exactly to spec. Only to realize the trade still works against you.
Welcome to the markets!
It happens. Deal with it and follow the system again.
If you do everything right and things turn South… go ahead and drop your pride, let the trade hit your risk stop and so, you might lose your 1 or 2%. It happens but don’t blame a solid, technical ETF trend trading system. Follow it and reserve your judgments after a long series of trades.
Having said that, I’m not proclaiming we as men need to trade like women, obviously not. Not the point here. The point is simply, that a.s.a.p. YOU need to think like a real trader. You know the ones that are wildly profitable. And profitable technical traders are machine-like when it comes to following a profitable system. What system or approach are you relying upon?
For a short time you can you can check out this ETF Trend Trading review and get this free ETF newsletter that delivers a strategy as to how you can start averaging returns of 5.7% each month in only 5-10 minutes per night.
Tags: first women, fund managers, irregularities, losing streak, position sizing, technical consideration, trend trading