#31 Paul Wallace - From Air Force Fighter Controller to Trader

In this week’s episode we are in conversation with Paul Wallace. Paul is a private UK based trader, who taught himself trading after getting attracted to internet stocks in the early 2000s. 

Prior to that Paul was a fighter controller in the Royal Air Force, and today, as well as working as a trader, and training and coaching other traders, Paul also runs a programme called The Veterans’ Trader Project (VTP) which provides introductory training for ex-forces personnel looking to move into a new career. 

Paul brought with him some fascinating insights and perspectives. And this conversation veered into some surprising directions, including touching upon themes about:

• What is needed to succeed as a trader.
• The delusion many traders suffer about how easy it is to be a trader. 
• Embracing the pain of losing traders to allow you to grow as a trader. 
• The mistaken belief of new traders, that trading systems are a form of ATM. 
• Data Scientist v Traders as system builders.   
• How operating under ambiguity is a shared skill-set of military personnel and great traders
• Preparing mentally for the battle of trading. 
• Improving and developing exceptional performance. 
• Decision-making under uncertainty. 
• Learning from your trains. 
• Being a fear-based trader. 
• Process, Discipline and Self-awareness. 
• The art and science of trading and getting into flow. 
• Building a trading checklist. 

And many other topics and themes.

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.