web analytics

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, much of the traditional advice is very bad and actively works against the trader trying to...

When Good Setups Go Bad

One of the best setups I've seen in the currency markets was (note: past tense) the EURCHF. After a multi-month uptrend, the currency pulled back into a picture-perfect bull flag. One of the few negatives arguing against a long trade was that the cross went a little...

Reader question: stop vs stop limit orders

I received a good question from J last week: As you know, I’ve recently switched to using Stop Limit orders for entries after experiencing a lot of slippage last month on one trade. Today I had the other problem: I missed an entry entirely because my Stop Limit order...

Reader Question: Can We Use Indicators and Trade Price Action?

Today’s question comes from Mohammad, but the question emerged over the course of a more extensive discussion, with other people contributing, clarifying, and confusing! Here’s the question, paraphrased: If we trade “price action” can we and should we use indicators?...

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 was referring to writing down closing prices of a few select financial instruments each day… what is the...

Sign up for updates

Sign up today to receive updates and insightful analysis.

Recent Comments

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 losing trade Never...

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 the...

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...

MarketLife Ep 30 – Market Intuition: what it is and how to get it

This episode takes a look at market intuition--a subject that is a bit difficult to talk about. In response to a number of reader questions, I share some concrete ideas for developing and expanding your own intuition. Here are the show notes:   Two kinds of intuition...

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