General Comments
An interesting debate emerged in the comments to one of my posts. In the post, I had suggested the discipline was the most important thing; a reader countered that patience was more important. Now, I could (and did) argue that patience is a subset of discipline, but the discussion could
Breakout
Glenn comes back today with another good question. Here's his full, unedited question: If your system has you trading a certain way and you can execute those trades with precision life is great right( huh maybe not) .... So let say you job is to enter a trade and
Podcast
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 success along the way! Look
Psychology
I wrote a few posts last week about how to never miss the move. Today, I want to dig into that idea a little bit deeper, and think about why, sometimes, you really do want to miss the move! Understanding this idea gets right to the heart of what it
Pullback
I've written a few posts recently about doing the right thing and the pain of missing moves. Sometimes very simple concepts can get us far, and I want to propose a simple solution to the problem of missing moves, and show you a way to fix this problem.
Psychology
This post might make you mad. You might think I'm blind to risks or that I don't understand the world. You might end up telling me how wrong and stupid my view are. That's ok, because this post can also help you, and that&
Psychology
One of the problems with successful trading is that everything matters. In the scope of: when to get in, when to get out, how much to buy or sell, how often to adjust your position, etc., every decision matters. There's no one thing that is most important. You
Readers Questions
Let's go to the mailbag for a question. Reader Anthony asks: I have a bit of an internal psychological dilemma going on at the moment. I place my stops usually around 3 ATR on pullback trades as I like to avoid the noise of the market. However, after
Podcast
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
General Comments
I appreciate the opportunity to share with you, my readers, here on this blog. Over the years I've learned a lot from you, have had you challenge my thinking in good and exciting ways, and I've been honored to have a number of you become clients
General Comments
i received a great question from Glenn, which I'll summarize and paraphrase below: Adam, I'm doing many things right in my trading, but I struggle with one thing: I get out of my winning trades too quickly. Any ideas on how I can work on this?
Psychology
One of the great things about writing a daily research piece is that it serves as a good record of my thought process and perspective on markets on each and every trading day. (Hint: developing traders might try the same thing. When I was figuring all this out, I wrote