Individual Traders
I received a lengthy question for a reader who has put in a lot of time learning to trade, and has not yet left the trading simulator. I thought his questions were insightful, and they mesh well with a topic I'm considering covering in some depth: how to
Trader Development
I received a question from Alex, which appears to be a simple question. Digging deeper, it actually drives straight to the essence of intraday trading: If I am wanting to trade intraday on the ES, are there some high probability ways to determine whether the day is likely to be
Individual Traders
There are a few practices that consistently separate winning traders from the losers. True, there is an incredible diversity of winning strategies, approaches, and personalities, and winning traders do and act in very different ways. However, we when look at and talk to consistently profitable traders, we start to see
Individual Traders
1. It is not just that risk is hard to understand--some risks may be impossible to understand. Your risk management plan has to leave room for the unknown and the unknowable. This is why advice from great traders always includes a reminder to "stay humble" or to avoid
Trader Development
You have to be a disciplined trader. This is one of the nuggets of trading wisdom we hear constantly, and for good reason--it's true. Without discipline, we will make many mistakes in the highly competitive market environment. But it's not as simple as saying to yourself
Trader Development
It's easy to make money in the market. Anyone can place a winning trade; no expertise, experience, knowledge, or edge is possible. It's not so easy to make money in the long run, or to make any kind of consistent money in the market. Knowing that
Individual Traders
So you're a trader, huh? (Or investor... if you think of yourself as an investor, just read "invest" instead of "trade"; this message is for you too!) If you are a trader, what do you do? What is your job? It's too
Podcast
This episode of MarketLife looks at some of the things that stand between beginning traders and success. What can you do to make your chances better? What are the challenges you are likely to face? What mistakes do most people make? Why do so many fail and, more importantly, what
Individual Traders
If you are an individual self-directed trader, expect setbacks and failures, especially in the first two years. Expect that your triumphs may be promptly followed by dramatic failures, that you will make mistakes in areas you thought you had mastered, and that any positive P&L may be quickly
Psychology
Sixteen days ago, I started publishing a series of short daily podcasts on meditation. So many people are writing about meditation and its benefits, but there's also a lot of misinformation floating around and it's hard for someone to know where to start. I wanted to
General Comments
Most of us who write about financial markets look to the future. Yes, there is a place for theory, and any theory lies on a firm foundation of what has happened in the past—history matters. But what probably matters most to us is the future: what is around the
Individual Traders
The twenty two day guided meditation experience is now live. I will not be posting regular updates here, but follow me on twitter (@AdamHGrimes) or bookmark this page for daily updates. If meditation is something you have tried in the past, maybe this is the time to try it again