Tactical simply means planning and positioning to accomplish a purpose. Tactical investment strategies are trading strategies that seek to capitalize on identified investment opportunities. To understand tactical it is important to understand price momentum. Tactical strategies utilize a systematic mathematical process to identify price momentum. While all tactical investment strategies look to identify and profit from price momentum, strategies measure momentum in a number of different ways. One strategy might measure the direction of an assets’ price momentum against itself (tactical trend following) while another strategy might compare the price momentum of different assets against each other seeking to position into the asset or assets showing the strongest relative price strength (tactical relative strength).