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Veteran technical analyst Adam Grimes of MarketLife says that the market "just doesn't look right or feel right" to keep rolling along. It's not the kind of market that can support a big move upward, and is more likely to spend the year range-bound, in a protracted "chop and flop." That doesn't mean Grimes is down on the market, because he says this could be "a healthy psychological reset;" as that reset happens, Grimes said he would cut back on active and aggressive moves and stay patient looking for declines that will represent buying opportunities. Susan Fahy, chief digital officer at VantageScore, discusses the firm's CreditGauge measure, which shows credit card balances and consumer delinquencies on the rise, although at modest levels; overall indebtedness declined, driven primarily by consumers paying down existing mortgage debt and not buying new homes. Plus,small-and mid-cap portfolio manager Lance Cannon of Hood River Capital Management returns to the Market Call, and Chuck answers a listener's question about building the conservative side of an asset allocation while worrying about sequence-of-return risk.
Victoria Fernandez, chief market strategist at Crossmark Global Investments, says that she sees the stock market grinding higher through heightened volatility for the rest of the year as the Federal Reserve pushes rate cuts out to December or into 2025. Still, she expects "another shoe to fall" with the economy and the market, though that trouble likely is coming next year or beyond. By comparison, Adam Grimes, president of Talon Advisors, sees the market retesting record high levels in fairly short order, but he worries that the longer-term technical indicators suggest "a rocky two, three, four years" ahead, though he remains positive that equities will be up a decade from now, so that long-term investors should remain in the market through the trouble ahead. Plus, in the Market Call, Janet Brown of FundX Investment Group — publishers of the No-Load Fund*X — talks about riding the wave of what has been winning, and discusses how the winners and losers appear ready to hold their positions for a while longer before conditions change.
Adam Grimes, president of Talon Advisors, says in the Talking Technicals segment that he expects "strength coming into the end of the year," with the stock market re-touching and potentially breaking all-time highs, but "from that point, I will get pretty defensive" because of the "very significant selloff" he expects in stocks. Grimes notes that he expects a protracted bear market for stocks, which doesn't change his long-term positive outlook for equities but which he says will hurt investors who haven't seen that kind of downturn in about 15 years. Nobel Prize winner Sir Angus Deaton returns to the show to discuss his new book, "Economics in America: An Immigrant Economist Explores the Land of Inequality," which is out today and which discusses how societal problems were exacerbated by economic platitudes and not enough attention paid to workers and the poor living through trouble. Plus, forensic accountant Tracy Coenen returns with the latest "Find Me The Money" segment, talking about the right way to hire an attorney to help guide you through the divorce process, and Chuck discusses a recent statement from Dave Ramsey about how easily the well-known financial guru has "beaten the market" over the last three decades.
Desire To Trade Podcast | Forex Trading Tips & Interviews with Highly Successful Traders
Consistently Profitable Mindset & Trading Techniques - Adam Grimes In episode 405 of the Desire To Trade Podcast, we will be listening to the recording of an interview with expert trader, Adam Grimes and they talk about consistently profitable mindset & trading techniques. How does psychology in trading help you get better results? There's a lot to learn from this interview! The video is also available for you to watch on YouTube. >> Watch the video recording! Topics Covered In This Episode 00:15 Introduction 00:50 What's new with Adam? 02:31 Switching focus from systematic trading to trading psychology 05:49 Balance between trading psychology and your trading process/results 08:01 Discipline in trading 10:23 Defeating overtrading or taking profit too early or late 15:19 What makes trading difficult? 18:31 Overcoming fear in trading 24:21 Looking for targets 32:34 "Null" probability or "drift" probability 38:42 Catching the big moves in the market 39:51 Adam's thoughts on looking at trends 43:02 Dealing with the fear of missing out 44:36 Adam's advice when going for 1-hour targets 46:29 Where to find Adam Grimes (links below) and much more What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: EightCap (preferred Crypto and FX Broker) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes How To Find Adam Grimes? Adam's blog: www.adamhgrimes.com Twitter: @adamhgrimes Daily Market Analysis videos: www.marketlifetrading.com What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
Adam Grimes, president of Talon Advisors, says investors have good reason to be defensive right now because while he sees strong potential for the market to make new highs in the next six months to the end of the year, only to then embark on a deep bear market. He says 'you have to approach this market by being bullish and bearish at the same time.' In The NAVigator segment, Jay Rhame, chief executive officer at Reaves Asset Management -- president of the Reaves Utility Income Fund says that the dividend-growth potential for utility companies makes them a viable investment option despite today's high interest-rate, high inflation conditions which typically are bad for the sector. Also on the show, Sam Huisache discusses a recent survey from Clever Real Estate showing that 75 percent of Americans who move have regrets about the changes they've made, and Chuck Carlson, chief executive officer at Horizon Investment Services -- editor of The DRIP Investor newsletter -- talks stocks in the Market Call.
Markus Schomer, chief economist for PineBridge Investments, says in "The Big Interview" that he believes the U.S. economy can avoid recession, not just through the remainder of this year but into 2023 -- when many experts say recession will become official -- as well. Schomer says that people misunderstand the type of economy we're in and the type of inflation we are living through; he believes the Covid economy is still playing out, and that the supply-demand equation will find balance again, and soon enough to keep things rolling without a major market meltdown. That said, Schomer's optimism stood in contrast to Adam Grimes of Talon Advisors, whose take on the market's technical indicators suggests that the ongoing market rebound is nothing more than a bear-market rally, set up to rise high and then reverse sharply, which he thinks will happen in line with the economy slowing down further later this year. Also on the show, Andrew Wellington, co-founder and chief investment officer at Lyrical Asset Management makes his maiden voyage in the Market Call talking stocks.
Episode 171: Adam Grimes, the author of The Art and Science of Technical Analysis joins the podcast to go over various topics and questions related to Adam's way of viewing the markets with insights on technical patterns and strategies. Adam has over two decades of experience as a trader, analyst and system developer.BookAuthor: Adam H GrimesTitle: The Art and Science of Technical AnalysisSocial MediaAdam H GrimesTwitter: adamhgrimes Podcast: Trader's Workshop www.adamhgrimes.com
Desire To Trade Podcast | Forex Trading Tips & Interviews with Highly Successful Traders
Full-Time Income From Systematic Trading In episode 338 of the Desire To Trade Podcast, 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! Let's get started!!! Listen to Adam Grimes previous interview (2016) Watch the video interview here In This Episode, You'll Learn... 0:00 Start 0:15 Introduction 0:35 What has Adam Grimes done since his last interview with Etienne 2:13 How Adam has adapted to markets moving less than before 6:55 How Etienne has adapted to the changing markets 7:32 Why a trader needs to keep evolving 8:30 How a high R:R can be bad for your psychology 10:28 Why beginner traders lose money with high R:R strategies 11:11 What role does creativity play in trading 16:16 Why AI sometimes doesn't work great in trading 23:21 How to beat AI with discretionary trading 27:46 How trading got more complicated over time 33:52 Does more people having access to data change the game? 37:20 Why Adam wants to become a systematic trader. 42:24 Does a systematic trader need to learn to code? 49:30 Where to find Adam Grimes 50:52 Why you need to be careful who you learn from And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (special signup offer) AxiTrader (use our link to get a special bonus) EightCap (preferred Crypto and FX Broker) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes Where to find Adam Grimes! Blog Facebook Twitter Adam's Book The Art and Science of Technical Analysis: Market Structure, Price Action, and Trading Strategies What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
Adam Grimes, president of Talon Advisors, says that the longer the market goes sideways without any real downturn, the more the long-term probabilities favor a rebound, but Grimes noted that any potential serious weakness will be here late in the first quarter or by the second. That said, he is watching the current weakness in cryptocurrencies and how crypto has been leading the equity markets; if crypto troubles continue or grow, therefore, he could see more potential for downturn going forward, and could create an environment with significant selling pressure that investors will want to sit out. Also on the show, Chuck talks banks and financial-services stocks with David Ellison of the Hennessy Large-Cap and Small-Cap Financial Funds, discussed how investors should be adjusting portfolios for inflation with Tom Siomades, chief investment officer at AE Wealth Management, and covers how Americans' financial priorities have been changing during the pandemic with Mitch Kime of Key Bank.
Adam Grimes has been playing guitar and singing from the tender age of 8 after years of touring around pub circuit he has released his original music which has prompted singer Samantha Mumba to compare him to Dermot Kennedy. Adam joined Sinéad for a chat about his music and his upcoming appearance on this week's Last singer standing show on RTE. See acast.com/privacy for privacy and opt-out information.
Jae Yoon, chief investment officer at New York Life Investment Management, says that he is worried about how much higher the market can go from here with valuations at or near record highs, but he believes investors can be confident about investing globally and adding emerging markets and developed Europe for growth. Yoon believes the 10-year Treasury bond will be in the 1.5 to 2 percent range by the end of this year or early next year, and says investors need to react to that, tilting towards value and small-cap stocks and shying away from technology stocks. He says that how the rate and inflation picture play out will decide the market's ability to continue rising and avoiding trouble. Also on the show, author and blogger Shannon Bush talks about 'Redefining Rich' and changing the way you value things in your life, we revisit a recent chat on technical analysis with Adam Grimes of Talon Advisors, and Ted Rossman of CreditCards.com joins Chuck to answer an audience member's question about how and why treating their credit seriously and doing the right things hasn't resulted in a near-perfect credit score.
Technical analyst Adam Grimes, president of Talon Advisors, says that he is generally bullish about the market right now, and that it 'would take a lot' to make him move to the short side and bet against the market. Instead, he anticipates a strong market move to the upside and says investors should be moving money aggressively to take advantage of buying opportunities. Also on the show, Mike Taggart of Taggart Fund Intelligence discusses the current state of closed-end fund consolidations and how two ongoing deals aren't particularly good for shareholders, and yet those individual owners have mostly allowed the deals to continue. And in the Market Call, Sandy Villere III of the Villere Funds talks about how he is maintaining balance -- and holding a little more cash than normal -- given current market conditions.
Dan and Jay discuss a video from one of their trips to Cooperstown, and are interrupted by D.B. Cooper, with special guest Stephen King. Find DJCHOUR on...
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.
Kevin Mahn, president and chief investment officer at Hennion and Walsh, says that valuations are stretched and growth could be hard to find, but a new period of economic expansion coupled with a shift in market leadership -- with small caps and more coming to the fore -- will create new investment leaders for investors to pursue. He sees the rebound from coronavirus leading into a multi-year economic expansion. continuing for several years. Also on the show, Adam Grimes of MarketLife Trading and Talon Advisors says that there are few troubling technical signals suggesting any reason to lose confidence in the current bull market, which he also expects to be a multi-year move. In The NAVigator segment, Craig Packer of Owl Rock Capital talks about business-development companies and how the BDC loan market has been impacted by the pandemic, and Ryan Jacob of the Jacob Funds talks technology stocks in the Market Call.
Adam Grimes, president of Talon Advisors, expects the market to find conviction and direction after the election, whether it takes a turn for the dark with strong selling -- a week or two with no snap back that could trigger a bear market -- or moves back to record highs and holds those peaks to start a new run up. Whichever way the market goes, Grimes says investors need to avoid being on the wrong side of the new momentum, buying a dip that turns into something bigger or taking profits but missing out on a growth wave. Also on the show, Sudarshan Murthy of GQG Partners talks emerging markets and whether they have advantages from coming through the pandemic ahead of other parts of the world, Jill Gonzalez of WalletHub.com discusses the lengths consumers are going to when it comes to iPhones, and Chuck Self of iSectors talks exchange-traded funds and how 'minimizing downside risk' ultimately leads to bigger profits in the Market Call.
Adam Grimes, Partner at MarketLife and President of Talon Advisers, shares his thoughts on technical analysis and mastering your emotions while trading markets. What advice does Adam Grimes have for new traders? And what can traders do to control their emotions while trading in these volatile markets? Join us on this episode of Trading Global Markets Decoded to find out.
Adam Grimes, president of Talon Advisors, says that rapid snap-back after the stock market's big March swoon was the 'least-expected outcome' from a sharp decline, and is symbolic of just how hard it is to make accurate technical forecasts right now. Grimes says the Federal Reserve's clear intention 'to do whatever it talks as long as it takes' has created significant market distortions, leaving more unknowns at this point, which should have investors on edge. Also on the show, Wayne Wicker, chief investment officer at VantagePoint Investment Advisors gave his outlook for the market, Vivian Tsai of the College Saving Foundation covers her organization's survey on how students see college plans and careers changing in the wake of the global pandemic, and Nick Raich of The Earnings Scout talks earnings trends and stocks in the Market Call.
Adam Grimes of Talon Advisors has a bullish market outlook, noting that extraneous market events like coronavirus don't typically derail longer, larger market themes, and aren't going to overcome the current forces driving the market for the foreseeable future. Also on the show, financial adviser and author Michael Falk discusses how public discussions of entitlements and other big financial topics must change to avoid collapsing, Richard Barrington of MoneyRates.com on how much Americans overpay on credit-card debt, and Christopher Zook of CAZ Investments makes his debut talking stocks in the Market Call.
Jason Thomas, chief economist at AssetMark, said that investors are too concerned with current events and the upcoming election when they should be focus instead on the earnings power of big companies, which he said will continue to drive the market for the foreseeable future. Thomas said that while investors have reasons for their personal concerns around news, they should tune out the noise to focus on the strong earnings picture. Similarly, two very different technical analysts -- Adam Grimes of Talon Advisors and Lawrence McMillan of McMillan Analysis -- came to similar conclusions, namely that the market could be headed for a technical blow-out but both suggested that the warning signs are still hard to see and said they would wait until they see a downturn as imminent before changing their investment strategy to something more defensive. Finally, Chuck Carlson of Horizon Investment Services and the DRIP Investor talked stocks in the Market Call.
Today's guest, Adam Grimes, has over two decades of experience as a trader and system developer, as well as prior experiences working on the trading floors of the New York Mercantile Exchange. He is currently the Chief Investment Officer and Managing Partner of Waverly Advisors, LLC, an institutional research and advisory firm for which he writes daily market commentary. Adam is also the author of the The Art & Science of Technical Analysis: Market Structure, Price Action, and Trading Strategies (Wiley 2012) and a contributing author for many publications on quantitative finance and trading, and is much in demand as a speaker and lecturer.
Adam Grimes, president of Talon Advisors, said that while news headlines and market volatility might give investors pause for the near term, long-range investors should not be concerned about the market's technicals, and should view downturns cautiously as buying opportunities. He noted that when the market is range-bound -- as it has been -- but generally staying near the top level of the range, that typically bodes well going forward. Also on teh show, Kimberly Flynn of XA Investments talks about alternative investments available in closed-end funds in The NAVigator, Pat keon of Lipper at Refinitiv discusses why investors flooded junk-bond funds with money in recent weeks, and Brian Gahsman of the AlphaCentric Robotics and Automation fund has the Market Call.
Adam Grimes of Talon Advisors, say that with the market having reached new highs, it's now getting more complex. He's still bullish, but he does see potential troubles down the line, making this a time when investors can be 'rewarded handsomely' for being aggressively long on stocks. John Sarson of the Sarson Funds explains in the Big Interview why 'The Internet and cryptocurrency go together like peanut butter and jelly,' Chuck explores the latest weird financial news, and Mike Bailey of FBB Capital Partners covers stocks in the Market Call.
Neal Dwane, global strategist at Allianze Global Investments, said he believes current market optimism over trade issues with China may be misplaced, noting that the excessive optimism could bring an end to recent relief rallies, and he noted that the bigger potential for trouble lies in a potential global debt crisis where central banks have taken on so much debt that they can't buy more, making it hard for the Federal Reserve to raise rates without tanking the market and the economy. Also on the show, tax litigator Dan Pilla discusses why IRS refunds are down so far this year and if that's a bad sign, we rebroadcast a recent chat with Adam Grimes of Talon Advisors, and Eric Ervin of Blockforce Capital talks dividend stocks in the Market Call.
Vincent Reinhart, chief economist and macro strategist at Mellon said in the Big Interview that between tariff problems and economic issues in Europe, investors must wait for the second half of the year for solid growth. That said, economic growth will be sufficient to avoid recession but not enough to satisfy investors who want to see more global expansion. Also, Adam Grimes of Talon Advisors suggested that investors should be long in stocks, while expecting a bear market to arrive in six to nine months, and David Brady of Brady Investment Counsel discussed large-cap growth investments in the Market Call.
I have to admit… I’m a bit of a sceptic. However, I’ve had so many people recommend meditation to me in the past. Successful people. People I have a lot of respect for. In fact, some of the previous podcast guests, some big names, have shared with me how powerful meditation has been for them, both personally and for their trading. But it’s not just traders, many successful business people swear by it too. So, what’s all the fuss about? I’m always on the lookout for anything extra that can give us an edge in the markets, so could meditation be something us traders can harness to our benefit? Or is it all just some weird mumbo jumbo sham? Well it’s time to find out, so in this episode I speak to Adam Grimes about meditation and trading, including: What is meditation, and does it actually work? What are the benefits and drawbacks of meditation and can it help traders become better? How to get started and what to expect. This is only a short episode, so even if you’re a sceptic like me and think this may have nothing to do with trading, I recommend you take a listen anyway. Try to approach it with an open mind and form your own opinion from there, so let’s jump over to our chat with 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.
Desire To Trade Podcast | Forex Trading Tips & Interviews with Highly Successful Traders
Adam Grimes: Building Your Edge In Any Financial Market Join the Facebook group for more free resources In episode 60 of the Desire To Trade Podcast, I interview Adam Grimes, a stock, futures and currency trader with a formal education as a musician. Adam trades for a living and is also behind his personal blog. He started in Futures trading several years ago and was over-leveraged. Adam reminds us that there are countless ways to make money in the market, but that a trader's method must be defined in advanced. While a lot of traders rely blindly on trading psychology, Adam highlights the fact that having a proven system is essential from the start. During this interview, Adam mentions one thing I have noticed from discussing with struggling traders. Most traders who do not have consistent results haven't even tested their systems but want to believe that their system work. Topics Covered - Adam Grimes Why common trading advice can be wrong The technical analysis concepts that don't have an edge How quantitative trading works Reliance on trading psychology and its effect How to find your edge in the market How you can fail to trade successfully with a backtested system How to use discretion in your trading How to adapt your strategy to several markets The FIRST stage of success - Very important! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! Resources Mentioned How To Trade Pullbacks - Adam H. Grimes The Art And Science Of Trading Course DesireToTRADE Academy If you truly want to succeed in Forex trading, 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. Get the Forex Day Trading Success Cheat Sheet for FREE! http://www.desiretotrade.com/day-trading-success-cheat-sheet/ Check out the Desire To Trade Podcast - Trading Tips & Interviews with Successful Traders: http://www.desiretotrade.com/podcast/ iTunes: http://www.desiretotrade.com/itunes/ Stitcher: http://www.desiretotrade.com/stitcherpodcast/ For a lot of article and tips that will help you become the best trader you can be: http://www.desiretotrade.com
Today’s guest is a trader that has been requested quite a few times actually, I’ve had a lot of requests to have this person as a guest on the show, and the guest is Adam Grimes. Adam has two decades of experience in the industry as a trader, analyst and system developer and is currently Chief Investment Officer of Waverly Advisors. He’s previously held positions at Level Partners, MBF Asset Management and SMB Capital and is the author of ‘The Art & Science of Technical Analysis: Market Structure, Price Action & Trading Strategies’. For those of you that know Adam and his work, his approach to trading is a mix of quant and discretion, and I think even if you’re a purely systematic or quant based trader it’s interesting to hear other people’s approaches and points of view. So we start off the chat by discussing his approach of mixing quant and discretionary models, and then we move onto behavioral factors in the market and why approaches that look at the market as purely rational fail. We then end the chat discussing Keltner channels and their applications to trading, so there’s quite a variation in topics here but I’m sure you’ll find it interesting. Topics discussed Mixing discretionary decisions with a quantitative framework Why behavioral factors in the markets are so important and why approaches that look at the market as purely rational fail The application of Keltner Channels in trading
Adam Grimes is a great role model for today's aspiring traders. He's a successful author, trader, and trading instructor. He leads a very rich life: he's a chef, speaks 3 languages, and taught himself to program (a computer).
Welcome to episode 21, with a very special guest; Adam Grimes. Adam is author of the very popular book titled, The Art and Science of Technical Analysis, which covers market structure, price action and trading strategies. He is also the Chief Investment Officer of Waverly Advisors, and host of the Market Life podcast. Adam’s career dates back almost 20 years, during that time he has traded a wide range of asset classes, both independently and along side a well-respected prop firm. Plus, he also did a stint on the New York Mercantile Exchange (NYMEX). Over the next hour or so Adam shares his interesting outlook on the market, and many aspects of trading. So as you could imagine this include plenty of discussion around technical analysis, but you’ll also pick up a number of great psychology tips to help you with the mental aspect. Enjoy team!