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
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
Technical Patterns
Financial markets are confusing--there's no doubt about that. Sudden reversals, spikes, dull dead periods exploding into panic, fakeouts and fakeouts of fakeouts... the list goes on, but traders and investors quickly discover that reading the market is far from easy. Wouldn't it be great if there
General Comments
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
Psychology
Rhythm is a fundamental aspect of the human experience: our bodies pulse with the rhythm of blood and breath. We experience the rhythms of day and night, and the longer cycles of the seasons. Rhythm is fundamental to music, whether it’s the relentless pounding bass of a rock song,
Chart of the Day
I wanted to share a video that I do weekly for my research subscribers. (More information and a free trial is available here.) This is something a bit different from what I usually do here on this blog; I tend to keep the blog a bit more "classroom"
Technical Patterns
In my last blog post, I made an argument that the details of patterns do not matter--get the idea and the big picture right, and everything else is much easier. While I firmly believe that this is true, it does leave some important questions unanswered: mostly, exactly where, when, and
Technical Patterns
When I started trading, like many people, I was drawn to traditional technical analysis. I spent hours and hours studying different variations of patterns, often after creating the charts myself on graph paper. I measured ratios, looked at different kinds of averages, relationships of highs and lows within bars within
Volatility
How many emails do you get promising to show you how to find "hot stocks now"? How many screeners out there want to show you the movers and shakers in the market? How much attention does the media focus on big movers, and how much does social media