41 – Bruce Bower on Peak Performance Trading

10 Aug, 2015 / By: Brandon Clay

Bruce Bower - Author of Peak Performance Trading & Investing

Bruce Bower – Author of Peak Performance Trading & Investing

Emerging market trader, Bruce Bower, shows us how psychology and plans play an important part in trading.

Bruce Bower is an emerging markets trader who has plied his trade in hedge funds in Moscow and London. Now he’s trading his own account. And he’s written about it on his blog, How of Trading and how to do it yourself with his book, Peak Performance Trading & Investing. We had a very useful discussion for newer traders, especially on trading psychology.


tradimo logoOur content partner for this episode is the guys I’ve been telling you about over at Tradimo. They have a free trading school, perfect for newer traders. One of those lessons I just reviewed is on money management entitled “How much money do you need to trade?” It was a very helpful review if you have that question. And the lesson is free over at tradimo.com/learn – click on “money management’.

Now onto the program

Best Trading Advice

“When there’s nothing to do, do nothing”.

Podcast Highlights

  • Following the advice of those that came before you in the trading field
  • Sticking to your trading plan
  • What’s your trading methodology?
  • Focusing on the process more than the results
  • Keeping focused helps keep emotions out
  • The mental aspect of trading

From the Trader’s Story

“Even if you have a plan it takes time to trust it and the best way to grow to trust just to learn how to stick to it”.

“You can’t become successful at (trading) if you don’t like it. You need the passion and curiosity to fuel you”.

“To some extent, our results are out of our hands”.

“The mental game is really one of the things that helps you take yourself from someone who is skilled and who knows how to do everything all the basic skills, to the next level”.

“If you are going to be a top performer in the markets then you should be using all of the tools you can to help you get to that next level”.

Parting Advice

“Focus on how not to lose, instead of how to make big money”.

Newer Trader Resources

Stop Loss

Short Put

Other Resources Mentioned by Trader

Saxo Bank

Bloomburg

Favorite Trading Book

Contact:

http://howoftrading.com/

One of the things I love about Bruce’s story is discovering where trading can take you. Bruce is from the US and has lived in the US, in Russia, and in London, where he still trades. Right now, he can live wherever he wants so long as there’s an internet connection and he still wants to trade. It’s so good to hear these inspiring stories on where we can go with this trading thing. At least that’s one of the reasons I’m doing this.

And by the way, if you’re looking for a little more info into how top traders trade, we’ve got a free resource over at TradingStory.com: our free ebook,  “The Best Trading Advice from 25 Top Traders.” We’ve got Warren Buffett, Paul Tudor Jones, someone that Bruce Bower mentioned in his interview, George Soros, and many others. Just head on over to TradingStory.com/BestAdvice to get your free copy.

All the best!

 

  • couloir

    What a great interview. This episode really hit home. Using a video game analogy, I’ve been stuck on the same level for a while and after having ‘studied’ Bruce’s book and listening to this episode half a dozen times I have a clear idea on how to get to the next level. Thank you to Brandon and Bruce and keep the podcast coming.

  • http://tradingstory.com Brandon Clay

    Just saw this one Couloir – I loved chatting with Bruce as well. He’s one of those guys that have stood out among all the great traders on the podcast. Have a great week!