Trader Mindset Scott Kaminski - Master Trader and Trading Coach
Sep 25, 2015
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.
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Patience for Quality Trades
- Accept that there will be days without good trading opportunities; great trades happen infrequently. - Embrace patience and wait for high-quality setups to improve your trading outcomes.
Avoid Noise in Low Timeframes
- Avoid over-trading lower time frame charts like 1-minute or tick charts which are dominated by noise. - Focus on higher timeframe trends confirmed by volume to identify meaningful market moves.
Use Relative Strength and Structure
- Scan for markets with strong relative strength or weakness confirmed by volume and structural control. - Look for sectors showing plurality to increase the probability of sustained trends.
