Brian is a retail trader who placed his first trade in 1967. Brian still actively trades, is a mentor at the Bear Bull Traders community and is author of ‘How To Swing Trade: A Beginner’s Guide to Trading Tools, Money Management, Rules, Routines and Strategies of a Swing Trader’.
In this episode we had a rich conversation with Brian covering a wide range of themes including:
- How Swing Trading enables a trader to take advantage of short-term trends, longer term trends, and over-extensions.
- How people can identify which trading style is best for them.
- How swing-trading enables a thought out trade process that is easy to fit into a lifestyle where you have other priorities which require your time.
- Fishing for ideas by using approaches which scan thousands of stocks using scanning tools and exchanging ideas with others whom you trust and identify with.
- How to make sense of the ideas by doing your homework, developing a fundamental understanding of markets and conceptualising plans for the trade.
- The importance of having a fundamental understanding of background and context to a market or sector, and understanding where and how money is rotating into and out of sectors.
- The psychological challenges of sticking with trades and not taking profit early so that performance is compromised.
- Improving the psychological aspects of trading and working on fighting human nature and mental state.
- The importance of balance in your life, healthy lifestyle, physical health, managing your day, staying mentally healthy.
- The huge importance of having a Risk Management process.
- Being able to continually adapt strategies to whats working and current.
AlphaMind: Powering Performance in Global Markets
AlphaMind brings powerful change, growth and development to people and businesses within global markets.
Driven by a deep understanding of how markets work, and how people and businesses function within them, we partner with clients to create personal performance improvements that elevate returns across their trading activities.
Go to the AlphaMind website to know more.
