Hand Traders vs. System Traders · Adam Grimes interview
ฝัง
- เผยแพร่เมื่อ 19 ก.ย. 2024
- EP 115: What hand traders can learn from system traders, and vice versa w/ Adam Grimes
Adam Grimes has been a trader for more than 20-years, he’s traded all major asset classes, across various timeframes. He’s traded independently, with a prop firm, and he’s run other trading businesses also.
The main focus of this episode is to explore some of the things which discretionary traders can adapt from quantitative traders, and vice versa-meaning, what things can quants take from those who rely on discretion.
Then in the later part of this episode, Adam lays out a solid framework which can help struggling traders to move forward. As well as, the types of questions you should ask when you don’t know what you don’t know.
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Show notes: chatwithtrader...
This is one of the most under rated trading channel on TH-cam... This is one of THE BEST channel for traders and investors. UNLIMITED KNOWLEDGE FOR FREE. Thanks AARON.
11:00 How do you think about an edge?
14:42 What can discretionary traders adapt from systematic/ quantitative traders?
19:22 How can a discretionary trader do this sort of thing, do they ask questions the go to the data for the answers?
24:08 For someone who is fairly new to this method of approaching things, what are some of the questions to ask?
37:13 When you are asking these questions, what are the answers that you are expecting/ what does those answers look like?
44:57 Does the edge really lie within the trader?
48:43 What can quantitative traders/ systematic traders adapt from discretionary traders?
52:10 How do you factor in human behavior into quantitative analysis?
54:50 Earlier you commented that if you applied discretion to quantitative research, it can throw off the accuracy of that research. How do you deal with that?
Adam is a 5 star interviewee. He knows how to verbally break it down.
I'm so glad that i can speak english. I just have to say that I love to see that a trader with so much knowledge as you are willing to share information with us. Thank for your work.
One of the most professional trader to come to the channel. This man has made me understand the true definition of PROCESS. I even bought his book which to day was one of the best decisions I took in my trading career. Thanks Aaron for inviting him.
This is one of your top 3 interviews, thank you for your work Aaron. Thanks to Adam for his time and insight.
Adam’s book is AMAZING! Great interview. Thank you to both for your insight...simplification of the complication into the wild world of trading.
Great
General
1. Trading Explained / Scientific Method
2. Learning Process
3. Business Plan
This is gold, many thanks to Aaron.
Very True what Adam is saying, Super Interview
great chat!!! great host great!! great interview!! the guy really knows what he's talking i can relate him to Mark Douglas ... same way of thinking ! probabilities /randomness/
thanks
This was a fantastic interview. I liked Adam's commonsense and applicable answers about finding one's "trading edge". Is there a link to the meditation guide Adam spoke about?
Adam is the best. Try and make him a feature podcast on your channel
Great interview. Interestingly, it took me about 4.5 years to learn trading, and stop the consistent bleed.
Another great interview on both sides of the conversation here.
One million likes.... thanks Aaron, thanks Grimes
Thanks for this one. This is a great service.
I think there is a lot to be said for both approaches just depends on the individual mind set
On a real note, what's the music at the beginning?
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.
I look for a market the break the previous day's high and go vertical.If I'm not in the vertical move up I'm looking for a peak high then in for the short. $U today and yesterday. Simple trade
Learned mostly from adam grimes newsletter &The Course
rama adhi
How did Adams course work or working for you?
@@kitengland4978 his study is great , but its not enough , a lot more to understand
Rama Adhi thank you for responding
Please bring him on the third time, Aaron.
Hello Adam & Aaron,
My 2 questions are:
1. Why do some individual successful traders (who trade their own account) recruit other talented traders later on in their career? (As if they are aiming to build a hedge fund)
2. At what size of a market order would a trader (who uses MT4) have to have to make 'getting filled' a problem?
When would they need to make a phone call to a bank (or institution, correct me if I'm wrong) to get an order filled instead of just pressing a button on their Mt4 platform?
(For eg. Is a 500 Lot order on the EUR/CHF too big to just press a button on your screen? And should one consider infustructure to be set up as if they were an institution? How can this be done?)
Note: Please mention the reality of brokers betting on the other side of retail traders' bets and how big of an account would a retail trader have to have for a broker to take their clients' sizeable orders to the actual market?
Thank you, Chris (Australia)
StraightLEFTfromPAC good question. I also want to know
On point 2, Most brokers and in turn LPs have max order limits in terms of order size and/or number of orders. These limits are clearly mentioned in broker documentation. Ask your broker for further info.
5 years later, can you answer your own question?
Really like this guy, bring him on for third time in future:D
For traders who can listen and absorb the wealth of cautionary information available today from sources like Chat with Trades and other reputable sources, You can profit in your first 5 years. We have something today traders years ahead of us did not have. If you are willing to accept you don't know anything and listen then you can avoid the 5 year loss mentioned here. 5 years of loss isn't at all needed for market tuition. There is too much affordable education out there these days to fail for 5 years. Invest in yourself (education) and pay much less market tuition to implement your trading plan. A good education can help you avoid many of the account blow up pit falls out there.
Where should beginers go on your videos?
Whats the intro music?...i love it.
I'm one of those discretionary traders. I need to be hands on. Old school I guess.
very good!
chasm is kazm you did not say it right :D
1:15:00
Nice
Where is the timestamp guy when you need him.
Become the hero you seek
The P word- (P)sychology 🤣
anyone else dab to the intro music?
Have you ever watched the movie Toy Story?