Topics:
- Transforming A Technique Into A Strategy
- Developing a Trading Edge
- Managing Your Risk Appropriately
- Time is an Important Parameter
- Position Sizing
- Martial Arts Influence on Trading
Guest:
Dan Gramza
President, Gramza Capital Management, Inc
Dan’s Resources
Rapid Fire ?
Q. What trader has influenced your life the most and why?
A. Bill Helmer, started my journey with futures.
Q. What was one of the hardest things you’ve had to overcome in trading?
A. Trade price not your opinion
Q. How has your trading process evolved over the years?
A. More mechanical
Q. What is one attribute that you believe every trader should have?
A. Patience
Q. Favorite Book About Trading?
A. Markets 101 by Kevin Koy
Q. If you could pick one profession other than trading what would it be?
A. Teaching
Q. What’s the best advice you’ve received about Trading?
A. You have to learn to love to take a loss. Evert
Q. If you could give the younger you advice after everything you’ve learned about trading and the markets, what would it be?
A. Do not marry an opinion or a position. This is a business and you are making business decisions based upon the amount of information you have at this point in time. The result of this business decision will be a profit or loss and nothing more than that. The results of the trade does not make you smart or stupid, a good person or a bad person it is a result of a business decision.
Q. If you had to elevator pitch me your edge in trading what would it be?
A. The keys to creating a successful trading strategy and increasing your confidence is the evaluation and implementation of the transformation of a trading technique to a trading strategy by identifying magnitude objective, risk parameter, trading edge, frequency of trade and robustness of the trading strategy.
Q. What’s your favorite thing to do when you’re not working?
A. Taking walks with my wife, martial art routines, going to the health club, golf
If you enjoyed this interview be sure to listen to these other episodes:
Trading Mentors – Mickey Hoffman
Confident Carefree Fearless Focused – Matt PAX Kenah
