Reader Question: How to Stop Overtrading?
I have received several questions about overtrading over the past few weeks. Each question touched on a different aspect of the problem,; this is a serious question that many traders are asking about (and many more are facing and don’t realize it!) Rather than...
Working on a new way to view charts
I change slowly. The last major change I made to my trading was in 2005, and the smaller changes I've made since then are tiny, incremental changes. Often, they're just time-saving tools that have grown out of my coding work. I also am very consistent: I use basically...
When Good Setups Go Bad
One of the best setups I've seen in the currency markets was (note: past tense) the EURCHF. After a multi-month uptrend, the currency pulled back into a picture-perfect bull flag. One of the few negatives arguing against a long trade was that the cross went a little...
Reader question: stop vs stop limit orders
I received a good question from J last week: As you know, I’ve recently switched to using Stop Limit orders for entries after experiencing a lot of slippage last month on one trade. Today I had the other problem: I missed an entry entirely because my Stop Limit order...
Reader Question: Can We Use Indicators and Trade Price Action?
Today’s question comes from Mohammad, but the question emerged over the course of a more extensive discussion, with other people contributing, clarifying, and confusing! Here’s the question, paraphrased: If we trade “price action” can we and should we use indicators?...
Reader question: why write down prices or chart by hand?
Here’s the first in a series of posts answering reader’s questions. Bob asks: Adam, question for ya if thats alright… I was noticing on part of your free course it was referring to writing down closing prices of a few select financial instruments each day… what is the...
MarketLife Ep 41 – Randomness: why it matters and how to understand it
I received a good question from a listener, Alex: I was talking to a friend of mine (who is a physicist). " I presented him with some market statistics that seem to hold true in many markets, e.g. that the market has only a low probability to hit yesterday’s high and...
MarketLife Ep 40 – What’s Wrong with Tips?
Just a quick podcast here to share some thoughts and ideas about tips--what's wrong with stock tips? Why is it a bad idea to take trading tips from social media? What can you better? How can you take ideas and give yourself the best chance of success? The answers to...
MarketLife Ep 39 – What’s Luck Got to Do with It?
I received a great question from Jason: Mr Grimes, I need to ask you something. I have been watching your videos and I'm a little confused about one thing. On one of your examples, you showed a diagram of a collection of people making I believe 250 trades with a...
MarketLife Ep 38: Using stock screens
In this podcast, I look at some ideas for using stock screens well and successfully. We start by considering all of the possibilities and screens that are available, narrowing them down to the types that might truly help your trading. Going through a few points, we...
Marketlife Ep 37 – How to Get Confidence and Other Readers’ Questions
In this podcast, I answer a few reader questions: From Tom: I'm definitely not a beginner. I consider myself intermediate, but always suffered from "I know nothing. Other market participants know more or know better" inferior-type thinking. How does one gain the...
Marketlife Ep 36 – How to Fix Your Trading
In this podcast, I cover a step by step plan that I've found to be very effective in fixing the problems traders face. Too many times, people waste time on trading plans that do not work. Too many times, traders do not understand their edge, or even know if they have...
Waverly Advisors
We help people trade and invest. We do this by understanding what drives financial markets—where they’ve been and where they are most likely to go in the future..
The Course
Whether you are just starting your journey or trade professionally, there is something here for you. Experience the acclaimed (and completely free) comprehensive trading course designed by Adam H Grimes.
Reading List
A trader’s education should be both broad and deep. This reading list will help you build a strong foundation from accounting to basic market knowledge to the intimate workings of financial markets.
The Art and Science
“There are so many trading books our there and only a small percentage that are really and truly worth reading. This is one.” – Mark Bray