In this trader interview, I sit down with full-time trading legend Adam Grimes. Being a systematic trader with a hint of discretion, Adam has been transitioning to fully systematic trading over the past few years. You’ll get to learn more about what it takes to generate a full-time income from systematic trading!
Recommended book by Adam Grimes:
Find out more about Adam Grimes:
Earlier trader interview with Adam Grimes (2016):
Chapters:
0:00 Start
0:27 Introduction
0:55 What’s up with Adam Grimes since his last interview with Etienne
2:45 How Adam has adapted to markets moving less than before
7:25 How Etienne has adapted to the changing markets
7:57 You keep evolving as a full-time trader
9:02 How a high R:R can be bad for your trading psychology
11:00 Why beginner traders lose money with high R:R strategies
11:45 What role does creativity play in trading
17:06 Why AI sometimes doesn’t work great in trading
24:27 How to beat AI with discretionary trading
29:07 How trading got more complicated over time
35:21 Does more people having access to data change the game?
39:03 Why Adam wants to become good at systematic trading
44:25 Does a systematic trader need to learn to code?
51:48 Where to find Adam Grimes
53:05 Why you need to be careful who you learn from
#traderinterview #systematictrading #trading
// SOCIAL
Forex Trader Community (Facebook Group):
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Twitter: @desiretotrade
IG: @etiennecrete
// TRADING MUST-HAVE RESOURCES
Forex Broker (Pepperstone):
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VPS (for algo trading):
Trading Journal:
// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That’s why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you’re good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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Link do Vídeo
What was your #1 advice from this interview?
I’m currently reading his book (The art & science if trading). Actually I skipped already about 100 pages. This is the worst book about trading I ever read. Bunch of statistics, which is probably most unreliable science in the world, a lot of philosophy, useless and unnecessary formulas. Also there is many pages about how bad and useless are fibonacci, moving averages and ect. Obviously he doesn’t know how to use fibonacci and MA. The book is useless, he doesn’t give any advices, any strategies and I’m not sure he’s even knows how to trade. Don’t buy this book, seriously. Better watch youtube videos or follow some smart people on Twitter, don’t waste your time and money on this rubbish
There you have it – you've been told.
systematic trading can be like working out for the first time. it's uncomfortable, because you realize how much you are not trading.
I like this guy nerding it up, smart guy
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.
thanks.
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 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!
We want trending markets 😭
expecting a generic talk,
talking about music
its quite nice
Nice interview!
I really like this interview, very informative
Interesting. Thanks.
Very vague interview.
Great interview! As always top notch guest and of course Etienne s talent for asking pertinent top notch questions.
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
This guy also made a fortune on the starwars films
Thanks E good interview lot of major topics covered.
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.
SYSTEMATIC TRADER THEY DONT FEEL THE MRKETS..TRADING IS FEEL THE MARKET
💪👍