Desire To Trade Podcast 058: Peak Performance And Trading Success - Paul Wallace Show notes: http://desiretotrade.com/paul-wallace/ In episode 58 of the Desire To Trade Podcast, I interview Paul Wallace, a trader with a high emphasis on peak performance located in London, UK. After a career in the Royal Air Force Paul started trading whilst working in the City during the dot-com boom of the late nineties. Paul is a professional financial trader with more than 24 years’ experience working in competitive, results-driven, performance environments. He has experience trading both as an individual and for funds. Paul has always been fascinated by success, achievement and peak performance, whether on the battlefield, sports-field, boardroom or financial markets. He blogs about his own trading at FXTraderPaul.com. He also runs the trader support practice, Tradingbeliefs, helping traders manage and improve their overall performance. Fear-Based Traders vs. Greed Based Traders Fear-based traders must have a simple system and know exactly what they must do. You must ensure to eliminate doubts and be certain regarding when to pull the trigger. They are likely to avoid pulling the trigger in the face of small hesitations. Most Greed-based traders are normally bad risk managers as they are looking to get more out of the market. They must still have a simple trading strategy. The 3 Crucial Components Process: having a checklist you can rely to. Find out more about it in Creating Your Forex Trading Strategy Playbook Discipline: “being disciplined is part of the job description for being a world-class trader.” If you aren’t disciplined, you might need to re-evaluate whether you really want to trade. Self-Awareness: use your mistakes as an opportunity to learn by reviewing your performance. Topics Covered – Paul Wallace - Paul’s take and prediction on Brexit - A real explanation of a popular trading quote - Paul’s main trading strategies - How Paul went from a Air Force to trading - Why veterans are great traders - The Process – Discipline – Self Awareness crucial components - The importance of de-briefing - Figuring out if you are a Greed-Based Trader or Fear-Based Trader - Managing expectations - 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! Join the Facebook group for more free resources: www.desiretotrade.com/group/ 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: 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
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Duration: 43m 38s
Rating: 2