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039: Finding Your Own Way To Trade w/ Dave Floyd

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Finding Your Own Way To Trade w/ Dave Floyd

In episode 39 of the Desire To Trade Podcast, I interview a
stock & Forex trader I really admire named Dave Floyd, the
founder and head of trading at Aspen.

Dave started trading in college while he was in Boston. He first
read Market Wizards, a book showcasing stories of
various successful traders (which I highly recommend!).

The interviewed covered several topics, but one of them highly
resonated with me. It is the idea of finding your own way as a
trader. Once you get through the initial phase of trading, you
begin to understand that copying others isn’t what will help you
succeed. Everybody’s different and two traders almost cannot trade
the exact same way. You must then find your own way as a
trader.

Cheat Sheet – Dave Floyd

  • Balancing overtrading vs. not trading
    enough
  • How to go through the hard learning curve of a
    trader
    : it is not about learning strategies from
    others.
  • The transition between day trading and swing
    trading
    : that was a natural transition for Dave.
  • Strategy differences between day trading and swing
    trading
    : find someone or a group that can help you in hard
    times and good times.
  • The biggest mistakes for Dave as a trader:
    hint: the opposite of overtrading…
  • Following your gut instinct is important but it’s not
    necessarily for beginners
    .
  • The commonalities between traders:
    many traders have creative endeavours according to Dave.
  • Approaching stock vs. Forex trading: Dave uses
    fairly similar approaches.
  • Why you MUST develop your own
    approach

 

What is one thing you are going to implement after
listening to this podcast? Leave a comment below, or join me in
the Facebook
group
!

The music at the end of the podcast has been produced by Daniel
Hoshor. If you want custom & tailor-made music for your
business, make sure to check him out at http://www.thedannyboiexperience.com.