Episode Description
In episode 545 of the Desire To Trade Podcast, you will be listening to an interview with veteran trader Paul Scott, who used to think finding the perfect pattern was the secret to consistent profits. He was chasing every candlestick formation he could find. Then he discovered what the real floor traders have known for decades—and it has nothing to do with complicated analysis.
The video is also available for you to watch on YouTube.
Topics Covered In This Episode
- 00:00 Introduction
- 00:50 What's new with Paul Scott
- 02:35 How he started trading supply & demand
- 08:18 From the trading floor to the changes in technology
- 10:25 Realizing price and value matter more than direction
- 13:41 Trading predefined ranges without directional bias
- 16:01 30+ years of consistent execution and boring profitability
- 20:05 Defining a strong level for a trade
- 24:05 Issues with supply & demand
- 27:21 Where to find Paul Scott (link below)
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What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
How to find Paul ScottWhat one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!