Patience… patience
An interesting debate emerged in the comments to one of my posts. In the post, I had suggested the discipline was the most important thing; a reader countered that patience…
Reader question: How to handle exits?
Glenn comes back today with another good question. Here's his full, unedited question: Your many hats, your one job, the one and only thing that matters. For what it is…
MarketLife Ep 35 – The beginner’s mind (a new mini-series)
This episode kicks off a mini-series in which I work with a beginning trader to learn the very fundamentals of the business. We will cover method, psychology, risk, learning techniques,…
Your many hats
I wrote a few posts last week about how to never miss the move. Today, I want to dig into that idea a little bit deeper, and think about why,…
Three steps to make sure you never miss that move
I've written a few posts recently about doing the right thing and the pain of missing moves. Sometimes very simple concepts can get us far, and I want to propose…
So you missed the move?
This post might make you mad. You might think I'm blind to risks or that I don't understand the world. You might end up telling me how wrong and stupid…
The one thing–the only thing–that matters
One of the problems with successful trading is that everything matters. In the scope of: when to get in, when to get out, how much to buy or sell, how…
Reader question: how active with exits?
Let's go to the mailbag for a question. Reader Anthony asks: I have a bit of an internal psychological dilemma going on at the moment. I place my stops usually…
Markelife Ep 34 – The Folly of Trading Wisdom
The podcast is back after a long break! Today, we dig into some of the conventional wisdom and common "soundbites" that are used. You've heard these, probably over and over:…
Where are markets going next? My current thinking and positioning
I appreciate the opportunity to share with you, my readers, here on this blog. Over the years I've learned a lot from you, have had you challenge my thinking in…
Reader question: can’t hold on to winners?
i received a great question from Glenn, which I'll summarize and paraphrase below: Adam, I'm doing many things right in my trading, but I struggle with one thing: I get…
Doing the right thing: Bias, opinion, and action points
One of the great things about writing a daily research piece is that it serves as a good record of my thought process and perspective on markets on each and…
Putting momentum to work for you
Financial markets are confusing--there's no doubt about that. Sudden reversals, spikes, dull dead periods exploding into panic, fakeouts and fakeouts of fakeouts... the list goes on, but traders and investors…
Reader question: how to not blow yourself up. Pattern interrupts can help.
Reader Steve asks a good question: Hi. I know that most of what you talk about isn't really about daytrading, but I am a daytrader and I have a question.…
Staying in step: finding rhythm of the market
Rhythm is a fundamental aspect of the human experience: our bodies pulse with the rhythm of blood and breath. We experience the rhythms of day and night, and the longer…
Video blog: market conditions and trend structure
I wanted to share a video that I do weekly for my research subscribers. (More information and a free trial is available here.) This is something a bit different from…