The Psychology of Trading: A Conversation with Chris Cady & Peter Mcewen
The podcast features two traders, Chris and Peter, who discuss their backgrounds and approaches to trading. Chris got into trading as a summer job in 1980 and was hired for his non-traditional background and ability to adapt to changing market conditions. Peter, on the other hand, got into trading out of fascination with the dynamic nature of capital flows and as a way to challenge himself. Both Chris and Peter come from Buddhist backgrounds and incorporate mindfulness and meditation into their trading.
00:00:46 Non-traditional backgrounds in trading.
00:06:12 Psychological well-being important for trading success.
00:12:29 AI can predict market behavior.
00:18:18 Discipline and regulation are key.
00:27:54 Trade what's in front of you.
00:32:20 Market profile is a tool.
00:39:44 Train mindset to manage anxiety.
00:43:32 Use physiological interventions to manage stress.
00:55:32 Take small losses to survive.
00:59:31 Gratitude in trading is crucial.
01:03:11 Invest in what interests you.
You can reach out to Chris and peter using @techgnostic and
@Chris_C_Cady
Get full access to Diary Of A Trader at diaryofatrader.substack.com/subscribe