Trade management lessons from a nasty reversal
I want to share a trade with you that I recent published in my Talon research report. There are a few lessons here: first, the enduring lesson of trading pullbacks…
The dirty dozen: my beliefs about the market and trading
I thought it might be interesting to put together a list that summarizes my experiences, successes, failures, and the beliefs that grew out of that work. It's not a simple…
Trading for a living: real talk
Trading for a living—this is why many of us come into the market in the first place. It's the fuel that drives a lot of marketing, good and bad, and…
Do you have a pre-trade checklist?
Consistency in trading results requires consistency of process. If you are doing something different every time you trade, it’s hard to evaluate your results. A simple pre-trade checklist can help…
Does anyone really succeed at trading?
There’s an interesting discussion over on my MarketLife forum, in which someone asked the question “does anyone really succeed at trading?” This snippet pretty much summarizes his question: What if…
How to think about your trading decisions
One of the things I’ve been thinking about recently is how to evaluate the quality of our decisions. This is a topic that traders probably don’t think enough about. Furthermore,…
Five Ideas to Get the Most from Your Coach
Working with a mentor, trading coach, or teacher can cut years off the learning curve. For many, it’s the difference between ultimate success and failure. This is an important and…
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…
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…
Styles and ranges of styles: where do you fall? Who are you, as a trader?
As I’ve been working on the new book, one of the themes that keeps coming up is all the different ways that people make money in the markets. We often…
The struggle: toward perfection
My recent blog generated more concern and controversy in my inbox than anything I’ve done in recent memory. Most of the messages I received were extremely well-intentioned, but, at…
Use your failure
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…
Trading Lessons from Knife Sharpening
A few nights ago I decided to sharpen my knives. As many of my readers know, I spent some time in a professional kitchen, and there was a time when…
My biggest mistake
Mistakes are a part of trading. They’re a bad part of trading, and we generally do everything we can to reduce those errors. In fact, for developing traders at certain…
Guest Post: The Sunday Night Dream
This is a guest post from my friend (and a trader and author for whom I have tremendous respect) Kevin Davey. I first "found him" through his book. I read…
What Glenn Is Doing Right
I want to share a note I got from a friend and developing trader, Glenn: A note on my trading. It is better than it has ever been. It is…