Trading tools
We have limited time and attention. This is one of the realities that developing traders soon face—no matter how hard you work or how well-intentioned you are, there’s a limit to what you can look at, analyze, and understand. It’s important to filter out the noise so
General Comments
In trading and investing, there are good losses and bad losses. This post is about the bad losses, but let’s begin by touching on the good losses. A good loss is simply part of doing business: you followed your rules perfectly, executed the trade entry and exit perfectly and
Chart of the Day
I want to share a video I did for my research subscribers this week. Though this is a few days old, it's still valuable. I would like you to think about two things as you watch this video: First, I do look at trends and most likely price
Readers Questions
I got a good question from a reader, Eric: Adam, can you please help me? I am going crazy because I feel I am missing the best and biggest trades. Overall I am making money but when I look at my charts and review I see that I am missing
Readers Questions
Matt asks: Hi Adam, I have a question regarding trading timeframes. Do you have multiple trading timeframes or do you tend to trade one? For example, scanning the daily charts for set-ups and scanning the weekly charts for set-ups Good question, and I think there are a few answers, depending
General Comments
I want to share a few more personal thoughts with you today, to look at where this blog and my work has been, and to talk about some exciting new directions for the future. First of all, we aren’t talking about any radical changes or departures. If I hadn’
Psychology
What you think you see is not what you see. What you think is happening is not what is happening. Everything we experience is filtered through our inner dialog and inner experience. We can think of simple examples: three people watching a person on a subway train with a dog
General Comments
I spent much of the last two weeks or so traveling through the south west of France (think in the direction of Toulouse, toward Spain), and had a chance to visit some of the caves that were decorated with prehistoric cave paintings. Of course, seeing these paintings, deep in the
Psychology
Continuing from my last post, here are the rest of the questions my friend asked me to expound upon. What is Risk Management and should it be lumped together under Trade Management or separated? Risk management is one of the great buzzwords of our time. Who wouldn’t want to
General Comments
I received an interesting email from a friend who is doing a survey. In that email, he asked a few questions about trading. As I thought about these, I decided to treat them as writing prompts, and am sharing some answers with you. This part 1 of 2, and I&
General Comments
I'm sitting here at my desk looking out the window. On my desk is a (perfectly normal and fair) coin that I had been flipping a while. Question: can you tell me how many heads I flipped? Now, think about that question a few moments. If you had
Trading tools
One of the keys to discretionary trading success is knowing when not to trade. Here's a simple chart pattern that can help filter out some of the good times from the bad, and it works on pretty much any market or any timeframe. Take a look at the