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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