Adam Grimes – SMART Pullback Trading
About Adam Grimes
MarketlLife Co-Founder & CEO
Adam Grimes is a prominent professional trader and advisor to hedge funds and institutions. In a prolific career spanning well over two decades, Adam has been at the New York Mercantile Exchange (NYMEX), a senior prop trader and Chief Technical Strategist at a top-tier Manhattan firm, a hedge fund trader, VP of quantitative trading at an institution, and he currently works as the Chief Investment Officer of Talon Advisors.
Who is SMART Pullback Trading for?
- Traders with any size account — whether it’s $5k or $5mm — who trade equities, futures, options, or forex
- Traders who want a simple, proven trading plan to find, enter, and exit higher probability pullbacks without getting caught buying a dip that turns into a crash.
What You’ll Learn In SMART Pullback Trading?
Day 1: Building a reliable foundation
10 Principles of successful trading
- Defining your edge with Market Pullbacks
- How To Survive Highly Competitive Markets even as a part-time trader
- The Evolving Markets
- Small Edges For Big Results
- How to profit when there is no “free lunch”
- What Matters In Trading
- Position Sizing Principles
- How To Train Your Psychology To Win
- How To Think About Probabilities
- The Secret To Long Term Sustained Success
What we’re looking for in good pullbacks
- The Anatomy of a Pullback
- How Trends and Pullbacks Relate
- How To Enter A Different Points In A Trend
- Examples of bad pullbacks
5 Mistakes traders make in pullbacks
- The sweet spot to enter and avoid being too early or late
- Proper sizing for controlling risk
- When to exit and how to avoid holding too long (aka “greed”)
- Taking pullbacks after climaxes (FOMO)
- Ignoring failures on entry
Current market opportunities from the day/night before. All markets and timeframes.
Day 2: Trends and pullback variations
Trend structure and pullbacks
- How to navigate the “impulse waves” of the market
- How momentum impacts your pullback trades
- Misconceptions about divergences
- How trends begin and develop
- How trends end and why this matters
What happens after a pullback?
- Examples of both winning and losing pullback trades
- Current market opportunities/examples
Homework
Day 3: Sizing and trade selection
Thoughts and principles for sizing
- A quick look at “the trading questions”
- Quick overview of different approaches to sizing
- How to use fixed fractional sizing
- The connection between risk and stop location
- The lies of the trading community on “low risk”
Using R to manage trades
- Reviewing the connection between stop location and risk
- Choices for the initial stop
- Choices for exit
Finding the best pullbacks
- Putting everything we’ve learned into operation
- Screening ideas for stocks
- Intraday triggers
Homework
Day 4: Entry techniques and using options
Using options with pullbacks
- Tradeoffs and opportunities
- Managing time decay
- Verticals
- Holding period
- Moneyness
Entry techniques
- “Go with” entries
- “Countertrend entries”
- Scaling in
- Using indicators to help time entries
Homework
Day 5: What happens after a pullback trade & management
Trade management
- Two broad categories: winning and losing trades
- Initial stop location (mostly already covered)
- Initial profit target location (also mostly review)
- Trailing stops vs “all-out”
- Scaling in
Going from paper to real money
Putting it all together
Review of trades that set up and happened since the start of the course
Day 6: Putting it all together
Recap of all the training
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