Aug 21, 2017
What Makes A Great Discretionary Trader – Show Notes
Show notes: http://www.desiretotrade.com/106/
Recorded on July 24th, 2017
In episode 106 of the Desire To Trade Podcast, I interview discretionary trader Will Hunting who, like many traders, describes the early years as a series of ‘humbling’ experiences.
Will Hunting started a journal recording simple techniques and market observations which allowed him to trade successfully and develop a hobby into a career.
Some of that journey was documented in public forums dedicated to trader education.
He has helped hundreds of traders new and veteran alike to build solid foundations in technical analysis, price behavior, market psychology & critically the ability to make sensible decisions.
Having delivered double digit returns for many years he has been featured in trade publications and is one of the UK’s most well-known independent retail forex traders.
Key Takeaways From This Episode
Learning From Every Trader You Meet
One major thing I got from this interview is the idea that we, as Forex traders, take lessons from all the other traders we meet. The trading strategy I currently trade, although it is unique to me, is based on different little things I learned from different people.
A Twist On The Risk-To-Reward
Another major discussion concerned reward-to-risk. Although a lot of traders see a loss in trading as the "cost of doing business", Will reminds that we can add criteria to avoid taking as many loss. That will make the drawdowns much smaller.
Following The Way That Makes Sense To YOU
As discussed throughout this interview, Will Hunting has a discretionary trading style that differs from most traders previously interviewed.
That, however, makes sense to him and that is a very important part of the equation of success in trading. A trader that doesn't use something that makes sense to him will never trade at its optimal performance.
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“Plan every trade. If you do that, you have a head start on all traders.” – Will Hunting
DesireToTRADE Top Resources
- DesireToTRADE Forex Trader Community (free group!)
- Complete Price Action Strategy Checklist (free checklist!)
- One-Page Trading Plan (free template!)
- DesireToTRADE Academy
How To Find Kevin Hunt?
What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!