I wouldn't say advice but I loved how he has been shifting between both systematic and speculative trading and the way he describes his beliefs on both. This struggle was something I had been dealing with recently as someone who is fairly discretionary in my methodology, but I also understand the massive benefits of backtesting, automating and quantifying. It is good to see that Adam has some sort of middle ground between the 2 approaches, it makes me much more comfortable with my own beliefs about those things hearing someone of his experience explain them the way he did.
I have studied, and re-studied, and re-studied, and re-studied Adam's awesome book, "The Art and Science of Technical Analysis" + the workbook. Pure gold. I wish he would write another book!
The problem with machines is that they don't have emotion, they don't have a sense of purpose, they don't have an intrinsic need to belong and a feeling of connectedness to their surrounding. When a human looks at a cup we can look beyond it's material property of it being a porcelain object. We can attach a sense of smell, density, weight, texture, etc. We warp our minds to become the cup. When you handle that cup, you and the cup are essentially one. We can give purpose to the cup. We know we can use it to contain liquids, brew teas, and drink from it. A.I. technology runs stuck on this. In that same way, all the A.I. and Calculus machines in the world could never operate the markets like we do; because they can't train themselves to perceive the markets like we do. Because the machines don't have a sense of belonging and a need to be connected. No meaning. If a human can built up the determination to achieve something, mountains are moved. We can become incredible analysts, mathematicians, scientists, etc. Even more than that: we can outsource the work on to inanimate objects to unburden the mind so we can do more at once. We shaped the metals and plastics to be the machine and gave it the purpose of doing the calculus for us. The machine didn't do that to itself. That just makes them an extension of us! If that makes sense. People a lot smarter than me will have better ways of explaining this. The markets are a human invention, thus a human extension, and humans are complicated and need humans to interpret them, to connect to them, to feel them, to operate them and to win or lose the position. Image if a market would only be played by the perfect machines who cannot make the wrong moves, who would lose?
Hello Etienne Crete. Grateful for such an insightful interview with Adam. Please I'd love to learn to code 😊 but I have no idea where to start. Kindly suggest a place for me start
I'd suggest learning python as a start. It's relative high level enough for you to start off. It has a multitude of free libraries available to analyse time series, data slicing and dicing etc..
@@brunonewton6136 I believe mt5 is C++ based which is quite difficult if you havent programmed before. It may take a normal person who has programmed a little before, a few months to learn. If you haven't programmed before, expect a long uphill struggle. If you want to learn programming from scratch, then python is a good start. Saying that if you can manage to learn c++ and learn the concepts of programming then you can learn pretty much any other programming language. C and C++ were the first two languages I learnt and pretty much started programming in C# and java straight away.
Computer is gonna trader perfectly and there is not way for human to traders , that’s not true. Starting with zero quantitive background is not going to be a problem. Now,it’s so easy to access data compare with 10/20 years ago. Q: Is coding skill helps automation of trading strategy? Its not just coding. The beauty of code is forces you to explain every thing to computer in a very precise way. The understanding of statistics is more important than coding skill.
@@DesireToTRADE The title said "Full-Time Income From ..." so I was expecting specifics on expected income stream from a systematic approach and how Adam Grimes trades systematically. Instead it seemed to be more a general ramble about systematic trading which is available in books like Pardo.
There was no substance really in this interview. Just a bunch of jibberish and no real examples or steps on how to achieve this. Very disappointed in this interview
I agree. I was getting a lot of these emails too after signing upto his meailing list and thinking there might be useful info. There was too much promotional stuff so I just unsubscribed.
He also has put out some of the most comprehensive trading educational material for free (see the Art and Science of Trading course). The joke is expecting everything to be free.
So generic that nothing much out of this interview. Wished guest be more specific otherwise it's pointless listening to so many experts sharing something so common.
ELIMINATE TIME ELIMINATE NOISE. TRASH TIME BASED CHARTS. TIME WARPS/DISTORTS/OBFUSCATES PRICE ACTION. TREND FOLLOW - MILK TREND TILL END, NO TARGETS PREMATURELY SHIRTCHANGING ONESELF OF PROFITS - gey onboard when signal clips you in and get off when clips you out. NOW - it's all about clearly spotting trend inception/continuation/reversal inflection points. Monetize countertrend while remaining in core trend by hedging - be on both sides of the trade simultaneously.
What was your #1 advice from this interview?
Trading is a game of regret. No matter what you do, you will never be happy.
I wouldn't say advice but I loved how he has been shifting between both systematic and speculative trading and the way he describes his beliefs on both.
This struggle was something I had been dealing with recently as someone who is fairly discretionary in my methodology, but I also understand the massive benefits of backtesting, automating and quantifying. It is good to see that Adam has some sort of middle ground between the 2 approaches, it makes me much more comfortable with my own beliefs about those things hearing someone of his experience explain them the way he did.
Really liked this - "We are trading with aspects of human behavior."
One of the best technical analysis book I’ve ever read by Adam grimes. If you haven’t go read it its worth every penny.
This guy also made a fortune on the starwars films
Jajajaaja
🤣🤣😂😂
I have studied, and re-studied, and re-studied, and re-studied Adam's awesome book, "The Art and Science of Technical Analysis" + the workbook. Pure gold. I wish he would write another book!
Awesome man! Great to hear!
Second this. Adam's book is one of the best, most complete, and highly practical ones on technical analysis that I've ever read. Absolutely brilliant.
A brilliant and humble man!
thanks mate, great one
Great interview! As always top notch guest and of course Etienne s talent for asking pertinent top notch questions.
Thanks for listening! Very much appreciated :)
"Trading is constant regret" Discipline rules over emotion - Adam Grimes
Thank you for this interview Adam is the man!
Nice one bruh ✅
14:21 I never had the intuition to look at the chart as a piano roll. However, Right now going to read his book.
The problem with machines is that they don't have emotion, they don't have a sense of purpose, they don't have an intrinsic need to belong and a feeling of connectedness to their surrounding. When a human looks at a cup we can look beyond it's material property of it being a porcelain object. We can attach a sense of smell, density, weight, texture, etc. We warp our minds to become the cup. When you handle that cup, you and the cup are essentially one. We can give purpose to the cup. We know we can use it to contain liquids, brew teas, and drink from it. A.I. technology runs stuck on this. In that same way, all the A.I. and Calculus machines in the world could never operate the markets like we do; because they can't train themselves to perceive the markets like we do. Because the machines don't have a sense of belonging and a need to be connected. No meaning. If a human can built up the determination to achieve something, mountains are moved. We can become incredible analysts, mathematicians, scientists, etc. Even more than that: we can outsource the work on to inanimate objects to unburden the mind so we can do more at once. We shaped the metals and plastics to be the machine and gave it the purpose of doing the calculus for us. The machine didn't do that to itself. That just makes them an extension of us! If that makes sense. People a lot smarter than me will have better ways of explaining this. The markets are a human invention, thus a human extension, and humans are complicated and need humans to interpret them, to connect to them, to feel them, to operate them and to win or lose the position. Image if a market would only be played by the perfect machines who cannot make the wrong moves, who would lose?
I really like this interview, very informative
Thanks E good interview lot of major topics covered.
Glad you enjoyed it!
Nice interview!
Hello Etienne Crete. Grateful for such an insightful interview with Adam. Please I'd love to learn to code 😊 but I have no idea where to start. Kindly suggest a place for me start
I'd suggest learning python as a start. It's relative high level enough for you to start off. It has a multitude of free libraries available to analyse time series, data slicing and dicing etc..
@@hotchocolate7883 thanks. Well my primary charting software is mt5.
Is python ok for that?
@@brunonewton6136 I believe mt5 is C++ based which is quite difficult if you havent programmed before. It may take a normal person who has programmed a little before, a few months to learn. If you haven't programmed before, expect a long uphill struggle. If you want to learn programming from scratch, then python is a good start.
Saying that if you can manage to learn c++ and learn the concepts of programming then you can learn pretty much any other programming language. C and C++ were the first two languages I learnt and pretty much started programming in C# and java straight away.
systematic trading can be like working out for the first time. it's uncomfortable, because you realize how much you are not trading.
Interesting. Thanks.
Glad you liked it!
thanks.
There you have it - you've been told.
Thank You
You're welcome
interested in the quants
+140
840
For more trading options
Markets don’t move technically they move organic!
We want trending markets 😭
21:26 they have mathematized economics that's the worst thing Ludwig von mises in 'human action' warned them not to do.
Computer is gonna trader perfectly and there is not way for human to traders , that’s not true.
Starting with zero quantitive background is not going to be a problem.
Now,it’s so easy to access data compare with 10/20 years ago.
Q: Is coding skill helps automation of trading strategy?
Its not just coding.
The beauty of code is forces you to explain every thing to computer in a very precise way.
The understanding of statistics is more important than coding skill.
I like this guy nerding it up, smart guy
Absolutely!
expecting a generic talk,
talking about music
its quite nice
I will try to be discretionary
This guys said his course was free but it’s not
+140
840
17436
For more trading options
💪👍
cq
Very vague interview.
What part was vague?
@@DesireToTRADE The title said "Full-Time Income From ..." so I was expecting specifics on expected income stream from a systematic approach and how Adam Grimes trades systematically. Instead it seemed to be more a general ramble about systematic trading which is available in books like Pardo.
There was no substance really in this interview. Just a bunch of jibberish and no real examples or steps on how to achieve this. Very disappointed in this interview
I got an email from Adam Grimes (market life), he was trying to sell me his $1000 Option's course.
No thanks, what a joke.
I agree. I was getting a lot of these emails too after signing upto his meailing list and thinking there might be useful info. There was too much promotional stuff so I just unsubscribed.
He also has put out some of the most comprehensive trading educational material for free (see the Art and Science of Trading course). The joke is expecting everything to be free.
@@cosmicjive7103 If his stuff works for you and you want to follow someone who has no track record and risk your money on him, then good for you!.
@@hotchocolate7883 No track record? He's been publishing trades in real time for a decade at Talon (formerly Waverly) Advisors...
So generic that nothing much out of this interview. Wished guest be more specific otherwise it's pointless listening to so many experts sharing something so common.
ELIMINATE TIME
ELIMINATE NOISE.
TRASH TIME BASED CHARTS.
TIME WARPS/DISTORTS/OBFUSCATES PRICE ACTION.
TREND FOLLOW - MILK TREND TILL END, NO TARGETS PREMATURELY SHIRTCHANGING ONESELF OF PROFITS - gey onboard when signal clips you in and get off when clips you out.
NOW - it's all about clearly spotting trend inception/continuation/reversal inflection points.
Monetize countertrend while remaining in core trend by hedging - be on both sides of the trade simultaneously.