by AdamHGrimes | Apr 30, 2018 | Psychology
Many traders struggle with making impulsive trades. For some reason, we can create the best and most carefully crafted trading plan, review the patterns we intend to trade, and resolve ourselves to doing everything correctly—but then we discover that half the trades...
by AdamHGrimes | Apr 5, 2018 | Individual Traders, Psychology, Trader Development
I’ve been thinking a lot about failure recently, and I wanted to share a few of those thoughts with you today. It’s a little glib to simply say “failure isn’t bad” and “don’t be afraid of failure.” Failure is no fun, and, in some pursuits (skydiving?) failure can have...
by AdamHGrimes | Mar 20, 2018 | Psychology
I’ve had many discussions with traders in the last week in which I see a common theme: many people are very frustrated with this market. Many people feel very much out of sync with the swings, and I heard from more than one person “it’s like I’m doing everything at...
by AdamHGrimes | Mar 6, 2018 | Psychology
This is a followup to my recent blog post on strings of losses in trading systems. I ended that blog with a promise to consider how the probabilities affected our behavior, and I’ve been swamped with requests to write this post! This is a good topic, and one that...
by AdamHGrimes | Sep 20, 2017 | General Comments, Psychology
It’s good to be focused on goals. Goals tell us where we want to be, and help us best use our time, energies, and talents to get there. If we have good goals, we can accomplish much more than we’d ever expect, and can work through incredible periods of...
by AdamHGrimes | Aug 10, 2017 | Psychology
I got a good question in my inbox yesterday from a reader, Dave: Last month I made almost 2% (which is great), but this month I’ve already lost 5% (which is not so great). Every trade I have taken this month has beaten me silly. The losses in money do not bother...
