Full-Time Income From Systematic Trading - Adam Grimes | Trader Interview

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: geni.us/Mjvn0
Find out more about Adam Grimes: adamhgrimes.com
Earlier trader interview with Adam Grimes (2016): • Adam Grimes: Building ...
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
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// 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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[@DesireToTRADE]

What was your #1 advice from this interview?

[@nasiruddinjewel1266]

Trading is a game of regret. No matter what you do, you will never be happy.

[@agedvagabond]

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.

[@tommwidd7178]

Really liked this - "We are trading with aspects of human behavior."

[@Stevo19801]

This guy also made a fortune on the starwars films

[@DanielFlores-no9wc]

Jajajaaja

[@Wiremu_Tahata]

🤣🤣😂😂

[@sehajbrar9795]

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.

[@felipediazvlog]

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!

[@DesireToTRADE]

Awesome man! Great to hear!

[@spidey3]

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.

[@carlosavila3573]

Nice interview!

[@leonard0104]

thanks mate, great one

[@weilun0099]

I really like this interview, very informative

[@acevfx2923]

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?

[@wish2868]

A brilliant and humble man!

[@brucesmith6868]

Thanks E good interview lot of major topics covered.

[@DesireToTRADE]

Glad you enjoyed it!

[@chidexkofi]

Nice one bruh ✅

[@GM-ny2sc]

Great interview! As always top notch guest and of course Etienne s talent for asking pertinent top notch questions.

[@DesireToTRADE]

Thanks for listening! Very much appreciated :)

[@amorfati4096]

14:21 I never had the intuition to look at the chart as a piano roll. However, Right now going to read his book.

[@alexanderwalters7657]

systematic trading can be like working out for the first time. it's uncomfortable, because you realize how much you are not trading.

[@momentumcharting6700]

Interesting. Thanks.

[@DesireToTRADE]

Glad you liked it!

[@rogeliotarucjr9380]

thanks.

[@brunonewton6136]

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

[@hotchocolate7883]

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]

@@hotchocolate7883 thanks. Well my primary charting software is mt5. Is python ok for that?

[@hotchocolate7883]

@@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.

[@bibarishs3120]

Thank You

[@DesireToTRADE]

You're welcome

[@albertlabos8400]

There you have it - you've been told.

[@MusicisLife-ur8iw]

We want trending markets 😭

[@nickk9499]

I like this guy nerding it up, smart guy

[@DesireToTRADE]

Absolutely!

[@angle0angle096]

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.

[@romanomatadin9429]

💪👍

[@leonard0104]

interested in the quants

[@tradeforum2491]

+140

[@tradeforum2491]

840

[@tradeforum2491]

For more trading options

[@thawdani]

expecting a generic talk, talking about music its quite nice

[@amorfati4096]

21:26 they have mathematized economics that's the worst thing Ludwig von mises in 'human action' warned them not to do.

[@boom6722]

Markets don’t move technically they move organic!

[@abrahammijarez5646]

This guys said his course was free but it’s not

[@tradeforum2491]

+140

[@tradeforum2491]

840

[@tradeforum2491]

17436

[@tradeforum2491]

For more trading options

[@leonard0104]

cq

[@TrakeliaJimerson]

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

[@iq-nj4xg]

Very vague interview.

[@DesireToTRADE]

What part was vague?

[@iq-nj4xg]

@@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.

[@phillaysheo8]

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.

[@hotchocolate7883]

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.

[@cosmicjive7103]

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.

[@hotchocolate7883]

@@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!.

[@cosmicjive7103]

@@hotchocolate7883 No track record? He's been publishing trades in real time for a decade at Talon (formerly Waverly) Advisors...

[@hannahis3254]

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.

[@gn6905]

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.