by AdamHGrimes | Aug 30, 2017 | General Comments, Trader Development
This is the third, and last, post in a series of three posts that started by looking at the 10,000 hour fallacy and the importance of deliberate practice. Those posts were broad in scope, and some of you asked how to related them specifically to trading and financial...
by AdamHGrimes | Aug 24, 2017 | Trader Development
This post is a followup to my recent post which looked at Malcolm Gladwell’s 10,000 hour fallacy. That post focused on what is wrong with pop science soundbites. This post is different: today, I’m going to tell what you can do to work toward...
by AdamHGrimes | Aug 17, 2017 | Trader Development
Have you ever heard someone say they are “working toward their 10,000 hours?” I’m sure everyone reading this has heard of the “10,000 hour rule”: the idea, drawn from Malcolm Gladwell’s bestselling book Outliers, that it takes...
by AdamHGrimes | Aug 7, 2017 | Psychology, Trader Development
Trading is great—you’ll have no boss, can work whenever you want, and make boatloads of money! (Or so the email I got from a MLM forex scammer this morning tells me…) While there might be a grain of truth in all of this, there’s a bigger truth that’s often overlooked:...
by AdamHGrimes | Jun 8, 2017 | Psychology, Trader Development
“I’m looking for a portfolio that will make about 20% a year but I don’t want any down years.” “Can you give me a hedging strategy with options that will protect me from all downside without limiting my upside and at zero cost?”...
by AdamHGrimes | Jun 5, 2017 | General Comments, Psychology, Trader Development
One of the frustrating things about current market action is that very few setups have good followthrough. We can follow a market faithfully for weeks, wait for the best possible entry point, put on the position, put in the stop, and then… nothing. The market...
