Chris Sayce is a UK based trader for about 7 years. His interest in the markets peaked when he read a book about stocks. Even though he found his edge, it took him a few years to get there, including the times when he ran a number of accounts into the ground. One of his turning points came when he found a trader who would offer him some much needed help.
Chris offers his experience with a mentor and what traders can do if they need help. He also discusses why it’s important to have repetition in learning, how traders can create discipline and mindset blocks that can hinder developing traders.
What’s Covered in This Interview:
- How Chris went from a newbie trader who ran many accounts into the ground to trading now with consistent profitability.
- How Chris was easily stick in the “beginners cycle” and how he got out of it by concentrating on himself and a trading strategy that worked for him.
- Chris’ brilliant idea which he uses to create discipline and build confidence in his own trading.
- How repetition played a role in Chris’ development process and why traders need to go through old material continually even as they gain more experience.
- What motivated Chris to seek out a mentor and how much of an impact it had.
- A mistake that cost Chris another 6-8 months of being able to make consistent money that could have been easily avoided.
- How Chris realized that early roadblocks were as a result of mindset challenges.
- How Chris trades te FTSE 300 and why he doesn’t like to use scans.
Links and Resources:
- Trend Following – This book by Michael Covel Chris read early on, which helped him to find a trading strategy best suited for his personality.
- Reminiscences of a Stock Operator by Edwin Lefevre – Chris has read this book by Edwin Lefevre more than 100 times.
- What Makes a Successful Trader – Nick Radge (EP 004) created this video detailing the ‘quantitative vs qualitative’ aspects of trading, and how traders can avoid the ‘beginners cycle’.
- @ChrisSayce – Follow Chris on Twitter, or feel free to email him at chrissayce1983[at]googlemail.com.
