Kam Dhadwar originally started trading in 2001. In 2005 he traded within a prop firm, and currently trading independently. Kam discusses why he’s really keen on auction market theory, volume profiling techniques and market profiling in order to capitalize on intraday moves.
He also talks about why it’s really important to believe in your trading plan and financial and psychological risks. Kam also discusses how he uses NLP, mindfulness and meditation practices as a way to improve his trading performance.
What’s Covered in This Interview:
- How Kam studied mindset before strategy and got a slight head start on most traders.
- How Kam transitioned into full time trading in less than 2 years.
- Kam’s reframed mostly negative aspects of trading into something more positive.
- Why Kam doesn’t use the word ‘loss’ when talking about his trades, and uses “the cost of doing business’ or ‘expenses” instead.
- Kam’s positive and negative experiences when trading in a prop firm.
- Why Kam believes traders keep on making the same mistakes even if they know better.
- An overview of financial and psychological risks (which are two very different things, by the way).
- What Kam’s looking for when trading value in current times, including how to look at context where prices are trading.
- Even with limited experience, why it’s crucial that traders believe in their plan, especially what they’re trading.
- The ways Kam uses mindfulness, KLP and meditation techniques to improve his trading.
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Links and Resources:
- TheTradingFramework.com – Visit Kam’s website to learn more about his trading methods.
- YouTube channel – Kam posts his daily analysis as well as past webinars on his YouTube channel.
- @L2ST – Follow Kam on Twitter.
- Mind Over Markets – This book by James Dalton was one of the first ones Kam read on market profiling.
- A Six Part Study Guide To Market Profile by CBOT – A free PDF guide by CBOT that made it easy for Kam when he was getting started to understand auction market theory.
- TadJames.com – Kam shares this resourced for anyone who wants to learn more about NLP and/or meditation techniques.
