Individual Traders
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 went through the learning process. I thought it was a good question, and I spent a whole podcast answering it.
Podcast
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 even then it has
Individual Traders
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 system, tends to focus attention on the wrong things; part of the
Pullback
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 knows that bond prices move inversely to rates, so higher rates will lead to lower bond futures prices.
Pullback
Short answer: probably not. The long answer is more instructive, so let's get started. Context matters, but what does that mean? What is context? In this case, the longer-term relative performance of the broad healthcare sector gives us some insight. The following chart, which I published in my
Readers Questions
A reader, Mira, asks an interesting question: I've been going through your blog and podcast and have been surprised at some of the trading tools you don't use that everyone else seems to use. I thought it might be interesting if you could just do an
Podcast
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 * Data-based * ESP (can'
Individual Traders
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 tools, and I try to help my readers work toward intuition. I spend a lot of time debunking some of
Guest Blog
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 excellent, long comment from Jochen in response to this post on market uncertainty. Frankly, I'm often
Readers Questions
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 most important finance concept for a trader to know? I'm a college student taking finance and
Market Math
Reader Jas asked a question about backtesting: I was wondering if you'd be able to advise me on how to back test a strategy on some custom indicators. I'm aware of back testing software in the market but not sure if it will do the job
Market Math
I received a good question from Brent: I recently watched [a presentation someone else did] about VWAP and they seemed really convinced it was an effective indicator. I am curious if you have studied VWAP in recent years? Their contention is the black boxes key around VWAP which makes it