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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
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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’
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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
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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&
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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
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I just wanted to take a few minutes here at the end of the week and share some things I'm working on. Some of these things you will see soon, and some not so soon! New book First, I announced a few weeks ago that I have begun
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This will be the last post in a short series in which we have looked at ways to quantify and to understand a trading edge. This series was motivated by a reader's question, so here's Anthony's question again: First, I was messing with the
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I thought it might be useful, since most markets are about as exciting as drying paint right now, to take a few steps back and consider some basic tools that most technical traders use. Today, I'm drawing from an early draft of my book, and sharing a few
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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
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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
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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?
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Reader Steve asks a good question: Hi. I know that most of what you talk about isn't really about daytrading, but I am a daytrader and I have a question. Overall I'm not making money. I've found that my problem is that I have