Guest:
Greg McKenna
Private Trader, Writer Business Insider Research Australia
Record Date: 9/17/18
httpss://www.youtube.com/watch?v=KhyMSbGJxp8
Listen on —> iTunes
Listen on —> SoundCloud
Topics:
- Bank Trader to Private Trader
- Importance of Mentors
- Having Relationships with Markets You’re Trading
- Technical Strategy
- Position Sizing
- Linkage Between Markets
Rapid Fire:
Q. What trader has influenced your life the most and why?
A. Peter Whitty, my boss at State Super who let me take risk, make mistakes, and learn how to manage money. All while subtly guiding me at the same time
Q. What was one of the hardest things you’ve had to overcome in trading?
A. The desire to be right – still struggle – and the way we were taught to trade at the bank
Q. How has your trading process evolved over the years?
A. Fundamental, to fundamentals with technicals, to technicals with fundamentals
Q. What is one attribute that you believe every trader should have?
A. Intellectual integrity and curiosity. Plus and ability to be disciplined and stick to a process
Q. Favorite Book About Trading?
A. Reminiscences. But the most influential was The Great Wave: Price Revolutions and the Rhythm of History I read it in January ’08 and while it is a history of inflation it’s also a history of banking crises so I was ready for the 2008 market funk and set up the Bank Balance sheet accordingly.
Q. Favorite Movie or TV Show About Trading?
A. Trading Places
Q. What’s the best advice you’ve received about Trading?
A. Get your position sizing right – make sure you can sleep at night or walk away from the desk, if not reduce your size
Q. If you could give the younger you advice after everything you’ve learned about trading and the markets, what would it be?
A. Be more active with your own not just the bank/funds trading. And don’t change jobs so often.
Q. What’s your favorite thing to do when you’re not working?
A. Family, Surfing, reading about economic and markets history
Greg McKenna’s Resources:
If you enjoy this interview with Greg & the topics discussed — be sure to listen to these other episodes with Mike Agne & Nick Radge.
Essential Skills in Becoming a Successful Trader – Mike Agne
Systematic Trading – Nick Radge
