Sam Kavanagh, is a Scottish trader with a uniuqe story to tell.
Probably the youngest trading prop firm owner in the world, Sam has been through it all. From building a team of profitable traders (some from scratch) to dealing with all the paperwork and regulations.
Today’s episode is a little different.
I dive deep into what it took for Sam to create a KB Trading Consultants, the techniques he used to recruit and develop his traders along with how he maintains his mental edge and the mental edge of those trading for his firm.
Take The Challenge. Prove You Can Trade
Manage Up To $2M For An Award Winning Prop Firm. You Keep Up To 90% Of Profits On Performance. Use 10% Discount Coupon: TRADINGNUT
Sam’s Oil Trading Strategy Explained
[10:37] There’s a lot of good macro-economic factors coming into play in the markets.
[12:42] When you’re managing risk correctly, you’re not making as much as you are gambling.
[20:01] Trading is lonely.
[21:14] You can teach someone to be a good trader but, you can’t teach someone to be a good person.
[30:18] Consistency comes from what you do.
[30:31] The trader themselves has the edge and not the system that they trade.
[33:52] It’s the work that you put in to shape your mind that enables you to be a good trader.
[41:09] Having a decent journaling system is the only way to track your performance.
[47:34] Examine your feelings and your thoughts when you’re trading.