Why trading can be so challenging (and what to do) – Adam Grimes

Описание: Adam Grimes from Talon Advisors discusses why trading can be so challenging and what to do about it, including:

• Why it can be so hard to learn from the markets,
• The dangers of doing stupid things in the markets that generate a good outcome,
• Random price movements and finding more predictable moments,
• Why having success outside of the markets doesn’t guarantee you’ll be a good trader,
• Trading psychology and interacting with randomness,
• Adapting to uncertainty and mispricing risk,
• Deliberate practise, Algo vs discretionary trading, when to stop trading a system, new events, out of sample date, how far to backtest and forward test before going live and much more.

► You can discover more from Adam at https://adamhgrimes.com and https://www.marketlife.com

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** Timestamps **
00:00 Warming up with some tunes
00:04 Getting started
00:35 Adams background
02:30 Why is it so hard to learn from the markets?
05:15 Success outside of the markets vs market feedback
09:00 Wicked learning environment
09:25 Deliberate practise in trading
10:26 Doing stupid things in the markets that generate a good outcome
14:00 Is algorithmic/systematic trading a solution?
16:43 Random price movements and finding more predictable moments
22:05 Randomness across different timeframes
24:30 How to prove a discretionary trader has an edge
29:20 Trading psychology and interacting with randomness
37:10 The gaps in trading psychology and applications to trading behaviour
41:03 Adapting to uncertainty and mispricing risk
46:33 Discretionary trading edges
48:32 Algo vs discretionary trading
51:00 When to stop trading a system
53:37 Using out of sample data
55:36 Why is forex so hard compared to stocks?
58:10 Hybrid systems - combining algo and discretionary
59:35 Do you consider news events in your trading
1:02:45 How far to backtest and forward test before going live
1:07:30 Screening stocks for pullback in an uptrend
1:10:08 How to discover more from Adam

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Disclaimer:
Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.