Pullbacks Masterclass Trading System – MarketLife – Adam Grimes

Who it’s 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.

Originally recorded live May 24th – June 9th 2022.

Course outline:

Part 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.
  • Live Q&A

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
• Q&A

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
• Q&A

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
• Q&A

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
• Q&A

Day 6: Putting it all together

• Recap of all the training

• Live Q&A