Individual Traders
Working with a mentor, trading coach, or teacher can cut years off the learning curve. For many, it’s the difference between ultimate success and failure. This is an important and powerful relationship, and I want to share some ideas for how you can get the most out of your
Trader Development
I have received several questions about overtrading over the past few weeks. Each question touched on a different aspect of the problem,; this is a serious question that many traders are asking about (and many more are facing and don’t realize it!) Rather than choosing one question to answer,
Trading tools
I change slowly. The last major change I made to my trading was in 2005, and the smaller changes I've made since then are tiny, incremental changes. Often, they're just time-saving tools that have grown out of my coding work. I also am very consistent: I
Pullback
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 parabolic
Trading tools
I received a good question from J last week: Today I had the other problem: I missed an entry entirely because my Stop Limit order wasn’t filled as price moved through it - I had set the stop at 90.33 and the limit at 90:35. [and the
Technical Patterns
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? This is an old question. I first remember
Trader Development
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
Pullback
I have found, over the years, solid results from trading a handful of patterns put in the proper context. Perhaps the most useful of those patterns in the pullback, which is simply a pause in an ongoing trend. Of course, how well you do trading pullbacks will depend on a
Psychology
Many traders struggle with making impulsive trades. For some reason, we can create the best and most carefully crafted trading plan, review the patterns we intend to trade, and resolve ourselves to doing everything correctly—but then we discover that half the trades we execute don’t fit into the
Anti
Trader Development
As I’ve been working on the new book, one of the themes that keeps coming up is all the different ways that people make money in the markets. We often think of some of the big, basic divisions; we might say “I’m a fundamental investor” or “I trade
Support / Resistance