Stock Trader & Educator: Adrian Reid
We are so excited to bring you all another Market Mamas interview! As you guys know, Kendra and Becky are US based futures day traders. We love talking to other traders from all styles and varieties and with our guest this time, we get to further diversify our trading conversations! In this episode of Market Mamas, hosts Becky and Kendra welcome 20 year veteran stock trader and educator Adrian Reid to discuss the intricacies of trading psychology and systematic trading. We explore Adrian's journey into trading, the transition to automated trading systems, and his educating and mentoring business Enlightened Stock Trading.
The conversation emphasizes the emotional challenges traders face and the strategies to overcome them, and how diversifying trading strategies is powerful for long-term success. In this conversation, Adrian discusses the intricate relationship between emotional responses and trading decisions, emphasizing the importance of systematic approaches to trading. He shares his journey from emotional trading as a young trader to developing a structured mentorship program that helps aspiring traders navigate their own psychological hurdles while diversifying their portfolios. The discussion highlights the significance of self-reflection, curiosity, and community in achieving trading success, while also addressing the challenges traders face in managing their emotions and maintaining discipline.
Adrian is so generous in this discussion to review his system and how he came to creating, diversifying and strengthening it. His points about the isolation of trading from your home and the power of community in this pursuit are such important reminders for us all. We were very much on the same page with him as well when we discussed the importance of back-testing and fine tuning your system as you learn and grow. This work is essential in developing your own trading business for sure. Please watch the full episode linked above. There was so much wisdom from this advanced trader that we are so pleased to be able to bring to you all.
Key Takeaways:
-Normalizing emotional turmoil is crucial for traders.
-Systematic trading can help manage emotional decision-making.
-Understanding market conditions is vital for effective trading strategies.
-Back testing strategies can provide data-backed decisions.
-Mentorship can significantly shorten the learning curve in trading.
-Curiosity helps traders analyze their emotional responses.
-Self-observation is crucial for understanding trading behavior.
-Honesty about trading mistakes fosters growth.
Learn more about Adrian Reid at Enlightened Stock Trading: https://enlightenedstocktrading.com/
Access your free resources from Adrian: https://enlightenedstocktrading.com/free/