Episode 1 – Interview with Rande Howell – Why trading without emotions is a myth

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J. Randle Howell speaks on the final day of the CLSA the 20th annual Investors' Forum, Friday, Sept. 27, 2013 in Hong Kong.



In this interview, Rande and I discuss why it’s impossible to turn off your emotions while trading and how traders can begin to create a successful mindset for trading.
Rande Howell is a trained therapist who coaches retail and professional traders as well as the author of one of my Top Recommended Books, “Mindful Trading: Master Your Emotions and the Inner Game”.



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The Big Ideas

  • Emotions are biological in nature and why we cannot free ourselves from emotions, but we can operate free of emotion
  • Why your equity curve is the ultimate truth meter on whether or not the beliefs you have about the markets and managing uncertainty are effective
  • How to organize and optimize your mindset for trading.
  • How to create “Trading Archetypes” to build a trading committee
  • Using exercise properly for performance
  • Why Rande no longer uses HRV and what he’s waiting for instead
  • Bringing more meaning to trading – giving back
  • Where new traders should start with their trading development
  • The traits of successful traders

Resources Mentioned:

Rande’s free e-book – A compilation of Rande’s best articles.
Emwave2 – Heart Rate Variability (HRV) training device.
Kiva – Microfinance site that allows you to lend around the world to alleviate poverty.
The Hour Between Dog and Wolf: How Risk Taking Transforms Us, Body and Mind – Book by John Coates on the neuroscience of stress and risk-taking.

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Episode 1 – Interview with Rande Howell – Why trading without emotions is a myth

by editor time to read: 46 min