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Coming Soon: a New Trading Course

capIn a few weeks, we will be releasing our long-awaited educational companion to The Art and Science of Technical Analysis. This project has been three years in planning and development, and, along the way, we also considered a number of possible commercial outlets. At the end of all of this, after considering many possibilities, we arrived at an interesting decision–the course will be completely, 100% free.

This is not a lead in to another, paid, course, nor is it an advertisement for any product or service. (In the interest of full disclosure, I do write and publish daily research for Waverly Advisors. For some traders, the research would be a valuable companion to this course. More information on the research can be found here.) It is also not an effort to sell my book. The book would also be a useful companion/textbook for this course. I will give corresponding readings for each course module and may sometimes refer to material in the book, but the course stands alone and is fully self-contained. You will not need the book to get value from the course.

You are probably wondering why give this material away instead of selling it, and there are two answers. One is that, as I’ve engaged more and more readers who are reading my writing, it has become apparent that, though there is a lot of information available on technical analysis and technically-motivated trading, that information covers a wide range from good to very, very bad. Too many authors simple repeat techniques from other sources that may or may not actually work. For people looking to learn and truly understand technical analysis, whether they be professional money managers who might focus on fundamental analysis, or individual at-home traders, it is very hard to find a solid source of reliable information.

Which brings me to the second reason for making this course available free of charge: the “educational trading industry” often charges exploitive prices for material that may or may not be useful. It is not uncommon to see trading courses offered for $10,000 that are only basic surveys of material available from trading books, or that focus on techniques that are no longer useful. My course is different: these are techniques that have stood the test of time (many of them test out well on commodity prices from the Middle Ages!), and have been useful in my trading. These techniques and concepts are the driving force behind the research I publish with Waverly Advisors, and our outstanding track record is further verification. Simply put–these tools work.

The course will include approximately 20 modules that build skills from the basic elements of technical analysis to a holistic approach to trading. Emphasis will be placed first on how to think about trading problems. I will encourage you to develop a scientific, objective approach to market problems; there is no room for imprecision and delusion. Though this is not a math course, we will look at the mathematical tools you need to understand the market’s movements, and you may find ideas here for further study. Here are some of the topics we will cover:

  • Quantitative analysis: how to think about trading problems, how to properly construct and understand a statistical market study. Never be misled by glib “statistics” as presented in the major media or on blogs.
  • The nature of the market: How do prices move? What makes prices move? Why is it so hard to make money trading? All of these questions, and more, are important for the trader who seeks to take profits out of the market. Many traders have false ideas about what the market actually is, so they are playing a game that has no connection in reality.
  • Specific trading patterns: The decision to buy and sell comes down to understanding how the forces of buying and selling pressure might shape a market in the future. Specific price patterns can point to opportunities and give insight into how to manage the risk in the position. We will also look at what can be quantified in the market (not everything can be), and how to be sure that our patterns are aligned with the underlying tendencies in the market.
  • Trading tactics: How to buy and sell. How much to buy and sell. How and when to adjust positions, as they move in your favor or against you. What do you about surprises, before and after trade entry, and how to stay in the flow of a dynamically unfolding marketplace. These questions and many more are essential parts of the traders toolkit.
  • Psychology: Trading is hard, and one reason is because the market makes traders work against themselves. Drawing upon my experience as a trader, a teacher and mentor of traders, and a working hypnotherapist, I will include many tools and techniques for enhancing your focus, monitoring your state, and learning to navigate the psychological challenges of trading. Psychology is not an edge in and of itself, but it is very hard to make money if part of you is working against this goal.
  • Special topics: Options, developing purely systematic approaches, record keeping, technical tools for long-term investors, spread trading, developing your own indicators, and many other areas will be covered in the course.

Course modules will consist of a video lecture (60-90 minutes in length) with associated “homework.” (The homework will not be graded due to my time constraints.) The course material will be copyrighted, so I ask that you not redistribute or repost it–it will always be available for free, but allow me to maintain and edit it as it develops. There will be quasi-restricted access: you will have to sign up for course access, but, again, it will be free of any charge. There will also be a forum: a bulletin board-style discussion forum in which participants can interact with each other and share trading ideas.

I’m excited to share this course with you. I am familiar with much of the educational material out there, and I’m confident that this, 25-30 hours of video with associated support documents, all tied to a working, verifiable approach to technical trading, will be the equal of anything commercially available. I would only ask a few things of participants: register, do not repost the material, come with an open mind and be prepared to have many of your preconceptions about the market challenged. Critical thinking is perhaps the most important trading skill of all. Be prepared to work hard, and please share your ideas and feedback as we go along.

Registration should be open within the next two weeks. Until then, check out my new website which will be growing over the next several weeks to support this course.

AdamHGrimes

Adam Grimes has over two decades of experience in the industry as a trader, analyst and system developer. The author of a best-selling trading book, he has traded for his own account, for a top prop firm, and spent several years at the New York Mercantile Exchange. He focuses on the intersection of quantitative analysis and discretionary trading, and has a talent for teaching and helping traders find their own way in the market.
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