How to identify a trading edge & the realistic path of a trader | Adam Grimes

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EP 021: Adam Grimes explains how to identify a trading edge & gives a realistic breakdown of ‘the path to becoming a trader’
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Опубликовано:

23 янв 2016

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Комментарии : 245

@hugosimons5455 6 лет назад

These interviews are worth more than 5 years at University. Thank you very much for sharing

@filmike1 5 лет назад

Hugo Simons so true!

@AnthonyVMx 5 лет назад

So freaking true.

@millerscot3395 3 года назад

Many countries are not well known about this trading business but if u are new we can still help you. Btc trading is the Best💰💰💰💰💰💰

@abdulsamad74581 3 года назад

Lol😂😂😂. It's daunting how very true this is

@SOS_12 3 года назад

I just started watching this I hope I feel the same. :)

@colin2397 4 года назад

My biggest game changer is when I stopped lying to myself. Cut your losses. I’ve spent months being bullish on shit I bought too high and then was stuck bag holding while lying to myself that it will go up. Cut your loss it will change the way you think. If you can’t access cash then you can’t make money. Always take profits and scale into positions. If it goes against your plans cut it leave it and come back. Most times I’ve done this I’ve come back and make almost perfect entry by letting it come to me instead of thinking you know the trend. Just my thoughts after changing my life the last few months. Great interviews btw.

@m.dickinson436 28 дней назад

You are not going to learn how to trade,you are going to become a trader! So wise.

@lovenpeace271 5 лет назад

One of the best things that Aaron does is not interrupt a traders thought flow and just let's its flow like water, words flow off a traders tongue. big difference between TV talking heads and Aaron's interviews

@gmiles119 4 года назад

This guy is talking reality. I believe that if something he says causes you some discomfort, you will find he was right, if you stick around long enough. On the other hand, the things he is saying are comforting to those of us who have gone through what he says will actually happen to everyone just starting out. Well done.

@ThaoTran-vb6dp 3 года назад

Spot on by the guest! I’m a.16 year full time trader. Took me 5 years to break even after suffering big loss in 1st year. “Learn to be a trader yourself”. Is such great advice! Thank you very much Aaron for your channel!

@shivam.p2461 2 года назад

You started trading @11?

@orapelengmadea1036 Год назад

@@shivam.p2461 Not age, but years in trading.

@josouk5950 6 лет назад

...the first sign of success is that you stop losing money - not necessarily making money, but you stop funding your account with more deposits - once you have reached that stage, you are in the 'elite' of people who tried to learn how to trade and actually made it through the most difficult phase - so very very true !!! Great interview.

@prelude12341 6 лет назад

so, always keep tight stops?

@unprofitabletrader9245 5 лет назад

Well, I'm funding my account more slowly now so I guess I'm on the right path. Even had a few green weeks, but gave it all back smh

@donho4109 4 года назад

This was a very good interview. I have gone through my shares of learning from the market and having an edge and controlling your risk is paramount to being a consistent & profitable trader. I wholeheartedly agree that when you stop adding/transferring money into your account to keep it going, that you have reached a milestone and have turned the corner on your equity curve. I have gone through more “boom and bust” cycles than I care to share. I have lost several fortunes (hundred of thousands) and then had to work back up from the pits of hell to do it again and again to see myself do the boom/bust cycle again. It wasn’t until I found Mark Douglas that I was able to discover my underlying issues for my repeated failures. I wish you all luck with your individual journeys in trading. Enjoy learning and discover what works for you. Take good care!

@leophotographyhk5248 2 месяца назад

The most valuable point in Adam's sharing is his (and as a trader, in general) experience on the Path to becoming an independent trader, on how one would ride the ups and downs, and when would the trader be most vulnerable (eg. after just made a series of winning, or when trying to scale up). Thanks Adam for his sharing! And thanks Aaron for being a great host. Not every host has both the intelligence and patience. Aaron is one of the few brilliant 👏

@katyayanidevi3553 6 лет назад

@ 40:00 talks about edge... HAVING AN EDGE OVER RANDOM. It can be a pattern or intuition or fundamentals. (also, Basic understanding of Probability.)

@alllove3717 6 лет назад

Cheers mate.

@chewie1355 2 года назад

Thanks.

@Alejandro-db2xj Год назад

Great

@justinholtgrave 3 года назад

I completely agree with what he said about only really needing one time frame. Only using one time frame helps prevent you from closing a trade too early during a pullback. Many times I have closed trades too early for them to go right back in my favor. Two time frames is perfect. One to find setups and one higher TF to confirm direction of long term trend.

@mukomanathan4044 3 года назад

Listening to him clearly explain what is an edge as a fill up my spreadsheet and see that my approach "work but not that well" is just about the biggest booster i need right now

@kennethcitizen8041 3 года назад

This is Definitely my favourite Podcast.. Aaron Fifield is doing a great service to all Traders with varying degrees of experience. The great Traders' Mindset is on full display with this vehicle of excellence..

@stevefriedlander7053 5 лет назад

Aaron, best interviewer with best guests! You’re a STAR! 👍

@serephraim 6 лет назад

You've had a lot of great speakers on this podcast, and this one particularly resonates with me. Thanks for taking the time to interview Adam Grimes. Look forward to more quality podcasts!

@damianduran6480 7 лет назад

lots of brilliant people has been interviewed here, this guy I think is one of the top 10, great interview!

@reothabetsechomane1844 6 лет назад

damian duran i agree👌🏾

@C_willi 3 года назад

This is some of the best advice I’ve ever heard, and I’ve watched a ton of videos

@jasonblack4208 7 лет назад

Best interview I've seen so far. The game is all about statistics

@todaymakeithappen9215 7 лет назад

WOW... BLOW ME AWAY............................Just LOVED the INTERVIEW.. what a COOL CAT..... An ALL OUT REAL and very DEEP EXPERIENCE---Taking a JOURNEY with ADAM as he outlines each phase of his development as a trader.... a Comprenhensive account of what it takes to be a successful trader.. ..............THANK YOU BOTH for SHARING... Really felt a CONNECTION!!

@garrettvaldal8500 5 лет назад

Love these videos. You're doing the world a favour Aaron!

@keithwisdom1663 6 лет назад

this guy is the real deal...... powerful truths ---relating trading to challenges in life

@vikasarsid1299 3 года назад

What a beautiful conversation it is, it feels like having years of learning Thank you for this.

@willianrodriguez3516 Год назад

R9r9f9goh(o m

@rexonroaster2972 Год назад

Listening this podcast in 2022 It's kinda reality of trading the way we think of trading Btw love from India🇮🇳

@_addy 5 лет назад

Such a great episode, came back to it after an year

@abelflores1929 3 года назад

This guy is so right , very transparent great trading journey of his.

@xxxs8309 5 лет назад

Mind will see patterns in randomness-good quote

@simoncraw 6 лет назад

This is my second time listening to this and I will probably listen again in the future.

@mikebasketball11 5 лет назад

Second time here also, such value.

@btctreader7666 3 года назад

Exactly 🔛🔛🔛🔛🔛🔛

@malthus101 5 лет назад

This guy was some real talk. Prescient timing, as I've just discovered what I think is a strategy that might be working for me and it fills me with fear that it might be a fluke, or luck or whatever. But I have no choice but to press on with it and refine and tweak it then test it over time and in different market conditions. I'm sure I'll learn lessons along the way... better than sitting and staring at charts just "wondering" what I should really be doing.

@momomimi5853 Год назад

Adam Grims excellent explanation of finding an edge it really sounds informative. Thank you Chat with traders. Keep it up.

@peterp4753 3 года назад

All you have to know is the interst rates, yields on bonds, especially 10 year bonds, relative to 200 day moving average, pick the best stocks in any sector you want to trade, use 3 technical tools in your trading and really pay attention and know when to EXIT your trade, for profit or loss BEFORE you place a trade. Be disciplined about it. That's it, you'll make money in the long run !!

@kimm1910 7 лет назад

Adam Thank you so much for your program. I like your interview style above anybody because you ask questions and let them finish their thoughts so we can listen to them and you ask the most relevant questions every single time. Really enjoy your show.

@charlesoftherocks1264 4 года назад

Great interview. Thank you Adam, and thank you Aaron.

@nirupmalkani788 2 года назад

Great content. Gives a very interesting perspective. Thank you very much for this interview.

@srinidi679 6 лет назад

Philosophical & Brilliance 🎁

@simeon8758 7 лет назад

Best interview yet

@philpreston6406 6 лет назад

Love these videos, Adam. Great insight, listening to some of the best traders in the world. These Great traders, have also had, their fair share of ups and downs - Just proves, yet again, we have to sort out our Phychology issues, before we can reach the Top!

@hamisintunzwenimana8083 Год назад

Good General 1. Systems 2. Process: Consistency, Sizing, Breath, & Sophistication 3. Mental States

@lastmatch1111 2 года назад

I have never traded but I find this information is applicable to many aspects of life.

@shauntay2214 2 года назад

love his honesty thank you

@kylebroussard5952 2 года назад

I'm going to be sad and happy at the same time when I finally listen to every one of these

@spirit6221 4 года назад

Brilliant interview

@bibarishs3120 6 лет назад

thank you....very good interview

@riquenosis74 7 лет назад

Great interview.

@orapronobis2614 4 года назад

Excellent information and analysis keep up the good work

@tomminterbobby 7 лет назад

Lots of interesting philosophical trading advice. Thanks

@ssmibrahim 7 лет назад

The Game is to stay in the Game first and for most

@reothabetsechomane1844 6 лет назад

Thank u aaron for this platform

@KTHOMAS78 4 года назад

Great content on this channel!

@denisdornstauder6632 2 года назад

9:00 ,, What was the thing you was struggling a lot in the beginning? ‘’ -> ,,Being under capitalized’’ I think this is a pretty good thing as a beginner other wise you would blow accounts faster than you would loose money in Las Vegas.

@nowanobady 6 лет назад

1:06:00 the best advice! thanks!

@sharvankhushbu 5 лет назад

Really helpful information..

@jaishazcoley 2 года назад

34:34 onward 🔥🔥🔥🤯🤯🤯

@hs4xace 7 лет назад

Thank you!

@AnkurkB 6 лет назад

Thanks Aaron !!

@simplyp9219 3 года назад

"art and science" is one of my favorite books

@trentcleveland5190 7 лет назад

Aaron, I have been listening to your channel for a little over a month now and really enjoy sitting down and listening to your interviews. This one, in particular, is one of my favorites. Adam has so many gems of wisdom and honesty in this interview that really resonate with me. Just wanted to say thank you for this one, and please keep up the good work! Also, are you going to be offering shirts again any time soon!? Would definitely love to get my hands on a couple. Cheers!

@ChatWithTradersPodcast 7 лет назад

+Trent Cleveland, really great to hear you clicked with what Adam had to share. Will likely do another run of tees at some point, just not sure when. To stay in the loop, you're best to subscribe here: chatwithtraders.com/subscribe - thanks!

@trentcleveland5190 7 лет назад

Aaron, thanks for the reply. I"ll be sure to subscribe today and keep in touch. Keep up the great work! Chat soon!

@vueher4965 5 лет назад

He taught himself calculus on his free time! Freaking boss!

@hardesteasymoney754 6 лет назад

Hey Aaron, beautiful work here. One wish is for all this interview to have a transcript. Then I can read and re-read the important points shared. cos they are too awesome to miss.

@vineetverma4547 3 года назад

Thanks a lot Adam and Thanks a lot Aaron. I think this was a very good discussion. One more book sold to me now. Vineet

@hs4xace 7 лет назад

thank you!

@wn77wn 7 лет назад

Man that was grate interview i rely got a lot out of it and repeated listing to many of patches from it ... please keep it up.

@oswaldokatz2523 3 года назад

This is a gem... so many tips is insane... also to the idiots on the comments section: please don’t change, your actions fund our profits.

@sjoerdhof 8 лет назад

awesome wat you are doing here Aaron. so good to hear the experience from different traders! and i really like the work you put in to it to get is all this info from these traders for free :) thanks!

@ChatWithTradersPodcast 8 лет назад

+sjoerd hof no trouble man, thanks heaps for listening! Note, episodes are released here before they're on RU-vid: chatwithtraders.com/podcast

@user-cu7pj9oy7g 3 года назад

Thanks!

@150_ENGINEER Год назад

This guy is great

@standingonmountain3975 8 лет назад

Great advise to learn not to loose money first. I will put a reminder sticker on my computer.

@ChatWithTradersPodcast 8 лет назад

+Ksenia Asatryan thanks for listening, I'm pleased this was helpful.

@danielbocancea519 Год назад

Only 10 min in and i love this one

@thepostman9664 7 лет назад

Pretty good interview Aaron..

@karimfish4526 2 года назад

Thanks

@theguy0594 3 года назад

He was right about the time it takes. I'm a good 5 years in but 2.5 of those were really interrupted tbh

@stevenpaulniles 2 года назад

Great point that all analyses consider the past, never the future. It is so silly that people stress that past results may not correlate with future results. That's true with everything: weather, cooking, and trading. Yet, people denigrate analysis on this basis.

@forexknowledgeacademy224 7 лет назад

An insightful interview. One of the main messages here is for traders to understand the concept of probability and have faith in your strategy if it has a statistically proven rate of more wins over losses. Strategies are not difficult to devise but very hard to trade with discipline. Finally strategies should be very simple to follow. Beware of fitting technical indicators to work with your strategy.

@ChatWithTradersPodcast 7 лет назад

+Forex Knowledge Academy, nice summary! Thanks for listenin'

@ryuxfx52 Год назад

Do you still trade?

@itslike123 Год назад

Good amount to start with is zero. You start demo, prove you profitable for 6 months or a year then check how much percentage you grow the account then you will find out how much money you need, start trading with real money using the same strategy you used on the demo account without deviation. That's the right answer

@brysonjarrett5114 11 месяцев назад

This man sounds exactly like Mark Douglas, great stuff.

@TheArkhamRebellion 3 года назад

I am always amazed by how perfectly Adam Grimes describes trading. This guy really has it worked out.

@beamerUSA 5 лет назад

51:35 15 minutes is the best.. But I keep a spare one of 3 mins. So 3 & 15 minutes is the best for Daytrading. I am a strict daytrader.

@nobakwaas5161 6 лет назад

very very nice

@blackbramfisch6954 7 лет назад

Hey Aaaron. Thanks for the upload bruh. Please get Wayne Mcdonell and Quillian Black on your show

@wlker23wayne 3 года назад

Omgeeee yes get Cue Banks

@amimellamanjose7687 5 лет назад

At 52:19 what was the difference between learning to trade and price action trading?

@At0sch 2 года назад

Das mit dem meditieren ist eine gute Sache, funktioniert auch in Deutschland.

@ADA98310 11 месяцев назад

Adam Grimes is legit

@satyajitsautya2107 3 года назад

14:20 how to limit your risk, single share of stock.. Good suggestion 35:00 chart

@vincentuhlke3018 8 лет назад

awsome!

@ChatWithTradersPodcast 8 лет назад

+vincent uhlke thanks!

@aldig3935 5 лет назад

Trading like is fishing with live or cut bait,make sure ur at the right place at the right time or ur gonna run out of bait with no fish to go home with.

@valentin19998 5 месяцев назад

40:40 basically answers the question 42:45 also

@thekongstocks 4 года назад

- EXCELLENTE • SUPERBO • TOP-NOTCH - #AdamGrimes #ChatWithTraders #AaronFifield

@ilya_9592 6 лет назад

Aaron good afternoon. Please add subtitles to this video. Thanks in advance. P.S. It's all for the same to watch with translation in a foreign language.

@beamerUSA 5 лет назад

21:01 The equally honest interview after Anand Sanghvi .....both should join hands. It would be magnificent. 26:40

@JohnSmith-lp7px 4 года назад

I think the perception traders have of different styles of trading other than there own is interesting. Adam made a comment about day traders sitting in front a computer all day but I hear day traders saying the same thing about swing traders. Perception is a funny thing

@greenscorpio1967 6 лет назад

if they say psychology, rather than knowledge is the most important component to successful trading, how can you put 3-5 years is about how long before you start making consistent profits or break even

@bigrush2674 3 года назад

These interviews beats reading a book

@donburdick4301 5 лет назад

I enjoy your interviews! Do interview anyone who is not trying to sell a book or program?

@pressedearth9492 3 года назад

Ken Roberts? I bought the same course. Ended up getting a real job. Paper charts and dial up modems. Those were the days my friend.

@rodgeraarons8997 3 года назад

Yes. 3:22. Bought that course.

@Thatvam 7 лет назад

aaron u r simply super mam

@ChatWithTradersPodcast 7 лет назад

+Prasad Naga - hah, too kind! Thanks.

@Bavubuka 4 года назад

do you only cover stock trading? What about Forex?

@josouk5950 6 лет назад

undercapitalised ! absolutely one of the biggest problems when trading - you need adequate capital to allow positions to play out

@SSEnrich 4 года назад

Second interview I have heard with this guy. I don't think there will be a third. I feel completely black pilled. We get it. This is impossible and people should give up!

@ryuxfx52 Год назад

Hahaha and did you?

@SSEnrich Год назад

@@ryuxfx52 No, not given up. I have 20 Excel sheets with backtests. It shows quite much anything should be proitable. The problem has been that you get into losing streaks of 9 losses or more after one another. So now I an adding indicators to filter out losing trades. Job almost done so I can start live trading very soon now. Then they say that it is 90 % psychology to trading. I just don't belive that. Pure lie. I have tested exactly how many pips profitable trades go over a year. How often can I expect a trade to go 200-300 pips (not very often)? What happens if I don't use a stop (quite often one would be fine. The few times it goes wrong it will just kill your account). I have tested what happens if it reaches 90 % to my target and then reverses. Will it go to stop or will it come back? I have experienced a good strategy collapsing and starting losing 90 % of the time. You just stop using that strategy or you flip it and use it the other way. In short. If you take trading seriously. Test, journal and review (statistics). Then I think you will be fine.

@user-qd1zk7kj3d 3 года назад

Great interview. Just wondering why 50,000 is such a perfect number to trade with and not just 1000 to learn and become consistent, and then 25,000 when you are a profitable trader by a good amount (to rid of the PDT)

@Nelford76 2 года назад

Thought the same. I started with 5k

@Presticles1 2 года назад

Probably because he didn't do a lot of scalping?

@ryuxfx52 Год назад

Personally I don’t get why more people don’t just use demo till their consistent then take on prop firm funding and maybe use the profits to fund a personal account