Proposal for a Training Course

Consider this post an invitation to a dialog. Feel free to use the comments section to share thoughts and ideas.

I have been thinking for some time about creating an introductory course for The Art and Science of Technical Analysis. As a I said in an earlier post, early on I abandoned the effort to write a book that would connect to beginners and instead chose to write a book that examined concepts in considerable depth. I feel I was successful in that venture; you’ll find information in the book you’ve never seen before. However, I have now created a problem in that the book may be unapproachable for traders at certain stages of their development. Other traders may have so many misconceptions and be so beaten up by losing quarters or years that they may find it difficult to hit “reset” and start anew. If you are pleased with your trading results and are a consistently profitable trader, then I am confident you will still find some new ideas and directions that you can incorporate in your work. (This has been confirmed by a number of experienced traders who read early drafts and found ideas for trading edges they had not thought of in the past. There is even a very simple idea that professional portfolio managers should find offers value literally hundreds of times larger than the book’s cost.) If you are not yet where you want to be in terms of consistency or profitability, ideally I want you to see my work with “beginner’s eyes” and leave all of your preconceptions and past experiences behind. This is much easier said than done.

The obvious solution was to create another work, whether a short book or a training course, to connect to those traders: to teach the beginning trader the basics of trading and to take the experienced but struggling trader back to the starting line and point them in the correct direction. I intend to create a lot of high quality content–actually, I’ll just be bold and say that I intend to create something that is as good or better than the existing training courses out there. In terms of pricing, my initial thought was to make it fairly low-cost and/or offer some kind of substantial rebate at some point. After long discussion on the pricing issue I have decided to take a radical step — it’s going to be free and available through this blog.

Now, this creates some problems. For the reader, things are often worth what you pay for them, so I know that making this material available at no cost will, to some people, lessen the value of it. I’m fine with that because I’m confident of the value. (Pearls before swine, and all that…) From my end, I recognize that it may be difficult to commit to building a body of work for no compensation, but this is essentially what any blogger does. The only difference is that this will be focused and structured a little bit differently. There’s also no hidden upsell, but I would hope that someone who finds value in the free course would realize that the book is the logical continuation and expansion of the ideas in the course.

With the pricing question settled, I next moved on to the format question, and settled on a combination of written materials and video. (There may be a set of charts and illustrations, but they may also be baked into the videos to save some time on the production side.) I’m not sure the scope of the course, as I will honestly have to assess my availability and time commitment as the project matures, but, as a ballpark estimate, assume probably 15 hours of video and accompanying written material.

I have very specific ideas as to structure and content of the course, but here is where I would like your input: what would you like to see covered in a course like this? What do you think is inadequately addressed in the existing material? I ask because I got some good insight when I did the same thing for the book; comments from the community and my early readers had a substantial impact on the finished work. In this case, I feel like I have a pretty good vision of where this course needs to begin and where it needs to end, so I may well ignore much of the advice. However, there are probably ideas that I’m missing, so let me open the floor for discussion.


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.