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There is no 10,000 hour rule

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...

What should you expect after a big drop in stocks?

We’ve had a very large decline in stocks this week. Depending on what index you use and how you measure, it’s the biggest or one of the biggest in the past few years. The world is also tense with geopolitical concerns: economic numbers from major economies...

Handling strings of losses

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...

Chart of the Day: Markets Under Stress

Looking at day-to-day changes in markets on a volatility-adjusted basis can quickly show themes and stresses that we need to...

Stock screens for trading day Thursday 10 August 2017

I’ve shared these screens for a while, and they will eventually be part of the new MarketLife project. Until we’re live there, I’ll keep sharing them here. Here is a link to today’s screens: ML_Screens081017 And here is a “how to...

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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, money management, and much more, and hopefully we will get to see Austin have some...

Markelife Ep 34 – The Folly of Trading Wisdom

The podcast is back after a long break! Today, we dig into some of the conventional wisdom and common “soundbites” that are used. You’ve heard these, probably over and over: Only price pays. The trend is your friend. Ride your winners Never add to a...

Marketlife Ep 33 – Trade management: decisions and tradeoffs

So much emphasis is placed on where to get into a trade, entry signals, entry patterns… but the decisions we make after we are in the trade are at least as important (and maybe far more important) for overall profitability. In this episode, I dig into some of...

MarketLife Ep 32 – Technicals for the non-technician

In this episode, I look at basic technical tools that anyone, regardless of background or previous experience, can use to enhance his or her trading program. Important concepts and tools are covered, along with some ideas for how to expand your learning and learn to...

MarketLife Ep 31 – Get tough: how to develop mental strength

I received a good question this week from a reader, Vladan: Adam, can you please talk in one of your podcasts about mental strength when it comes to discretionary trading and how to improve it.  I know it ultimately comes from conviction, backtesting and knowledge but...

Waverly Advisors

We help people trade and invest. We do this by understanding what drives financial markets—where they’ve been and where they are most likely to go in the future..

The Course

Whether you are just starting your journey or trade professionally, there is something here for you. Experience the acclaimed (and completely free) comprehensive trading course designed by Adam H Grimes.

Reading List

A trader’s education should be both broad and deep. This reading list will help you build a strong foundation from accounting to basic market knowledge to the intimate workings of financial markets.

The Art and Science

“There are so many trading books our there and only a small percentage that are really and truly worth reading. This is one.” – Mark Bray