Writing prompts: Trading psychology and risk management
Continuing from my last post, here are the rest of the questions my friend asked me to expound upon. What is Risk Management and should it be lumped together under…
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,…
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 discipline rule
You have to be disciplined to trade successfully; we all know that, and it's one of the few pieces of trading advice that might apply universally. No matter what your…
Trading for a living: how much do you need?
The idea of "trading for a living" has, no doubt, motivated an army of new and developing traders over the years. Perhaps people look at their current jobs, and think…
Five steps to mental strength
A reader sent me a question this week on how to develop mental toughness in discretionary trading, noting that his own toughness seemed to be getting less tough as he…
It’s not what you think
I've been in this business for about two decades, and I've seen some... let's say... "stuff". One of the most interesting things is that everyone, in developing their process or…
What matters more than your process?
So, we live in a world in which investors are nervous. Everyone knows the Fed is going to raise rates, it's only a question of when and how much. Everyone…
Who’s on your team?
So, I write and talk a lot about the tasks of trading, finding an edge, maintaining that edge, and having the discipline to apply it. Probably and statistics are important…
Guest post: How to deal with market uncertainty
I was going through comments on my blog recently (and I apologize for not keeping on top of them. It's on my to-do regularly list now!) I came across an…
Reader question: what’s the most important thing?
Reader Mark asks a beginner's question that might not be such a beginner question after all: Hi Adam. This might seem like a silly beginner question, but what is the…
MarketLife Ep 27 – So you want to be a trader?
For the beginning trader, here are some thoughts and ideas for the first steps of your journey. For a developing trader, or for the successful trader, here is an invitation…
The Illusion Of Control
I’ve written and said many times before that simplicity is a good thing—if you have a methodology that is overly complex, there’s a pretty chance it won’t work. However, so…