Trader Mindset

25 years ago Manny Ochoa was like many of you: he had a model that worked but wanted to grow his business to scale his operations to the pro level. He used his own limited capital as his initial grubstake and built a track record. That led to an allocation from a major (and legendary) prop trading firm and eventually to owning a seat on the CME.

Can you have capitalism with a sense of spirituality? My guest today thinks so. Motivated by an incident at Occupy Wall St., author and coach Kim Ann Curtin investigated how to be a capitalist while having a conscious. Curtin interviewed over 50 Wall St thought leaders on the subject and condensed her findings in her new book Transforming Wall St.

Listeners dive into the challenges of securing a trading position, learning about preparation and networking. Strategies for managing losses are explored, emphasizing mental clarity and quick decision-making. The importance of a supportive network for traders is highlighted, with tips on emotional regulation. The balance between systematic and discretionary trading approaches is discussed, alongside the impact of consumer behavior on long-dated options. Insights into market shifts, like the move from cable to streaming, provide a fresh perspective on investment strategies.

Peter Borish is the co-founder of Tudor Investments and The Robin Hood Foundation. He's used to giving back. He is a faculty member of MartinKronicle and he works best with new traders to make sure they begin their careers well and not establish any bad habits. Needless to say, we don't get any Buyer's Remorse from Peter's students. Peter is a very sought after executive and is an advisor to several companies and boards. He is the Chief Strategist at Quad Capital. He is a founding investor and member of the board of directors of CharityBuzz. He also served as Chairman of OneChicago.

Scott Kaminski, a veteran trader with 34 years of experience and a former trader at Tudor Investments, shares his insights as a leading trading coach. He discusses the importance of having a repeatable trading system and the parallels between trading strategies and professional sports. Kaminski dives into mastering market volatility, effective risk management, and the use of algorithmic tools to enhance trading success. He emphasizes the need for discipline and suggests that traders focus on mastering one market before diversifying their portfolios.

Adam Grimes is a great role model for today's aspiring traders. He's a successful author, trader, and trading instructor. He leads a very rich life: he's a chef, speaks 3 languages, and taught himself to program (a computer).