Pullback
Chart Reading Isn’t About What’s Right. It’s About What Works
What’s the right way to read chart structure? That’s the wrong question. This post explains why context and utility matter more than correctness in trading charts.
Readers Questions
General Comments
Trading with Head and Heart: Balancing Strategy and Psychology
I received an email from a reader named Doug, about my recent blog post: “…I'm definitely a skeptic with the psychology portion of trading - but as a futures day-trader, it may be even more important for me. I'm finally at the point where I have
Readers Questions
Reader Question: What is Momentum?
Here’s a good question from a reader, Said: “I know this is a very basic question, but what is momentum? I see people use it and I am not sure what they mean.” Basic questions are often good questions. In trading, people use terms in different ways (and sometimes
Readers Questions
The right mindset: perspective from a newbie
In our Facebook group, Paul made this post: Just read an excellent post on Adam's blog called "Trading for a living: real talk". This post talks about the reality of trading for a living and one section really resonated with me. It's sub titled
Readers Questions
Reader question: How do I measure liquidity?
A reader, Mohammad asks: I see you mentioning liquidity or a market being too thin to trade. I’m not sure what this means or how to measure liquidity. Please help. Ok, this is one of those basic questions that deserves good attention. First of all, the term “liquidity” is
Readers Questions
Reader question: how can it be random?
I received a good question from Gareth this morning: "Your book is one of my top sources in trading literature, though there are some ideas that I find it difficult to agree. Specifically, I've found your idea of many support/resistance levels being created randomly hard to
Readers Questions
What to do with missed profit targets?
A trader I work with, Glenn, sent me this note: Adam, I think this would be an excellent blog post because when it happens it is so frustrating. I got triggered long, and price came within 3 cents of my 1.0R [R = initial risk on the trade] take profit
Readers Questions
Reader question: what am I missing?
A reader, Denys, sent me a question this week: Dear Adam, . In short, i've been doing some trading for about a year and read dozens of different books and other resources etc. What surprises me at this stage is that I feel that i know nothing despite of
Psychology
Reader question: what do I do when I miss the move?
Dimitar sent a question, and I bet he’s not the only trader who struggles with this: Hi Adam, I am part time private Trader. I read regularly your blog articles and I am coming with a question, that concerns me at the moment and which I haven't
Readers Questions
Reader question: what to do about missing trades?
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
Reader question: Multiple timeframes?
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
Breakout
Reader question: How to handle exits?
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