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Interview with Curtis Faith (A Turtle Trader)

Published on February 24, 2010

Interview with Curtis Faith (A Turtle Trader)

February 24, 2010

As I shared earlier, I am interviewing Curtis Faith (An original turtle trader and author of a few excellent books on trading including the latest one “Trading from Your Gut”) tomorrow. This is rather a unique topic which has been discussed often on OPDiscussion forum as well as via e-mail exchange, time and again. This interview is an effort to help other traders via learning from master traders. If you would like to seek clarifications, ask questions pertaining to “gut feel”, “Intuition”, right brain driven trading vs mechanical system trading, etc., this is an excellent opportunity.

Pls feel free to post your questions on comments section either of this post or the original post.  I shall compile and published a detailed post after the interview.

As I mentioned earlier, a limited number of books (Trading from Your Gut) will also be given away for FREE to those asking excellent questions that help in explaining this right brain driven approach much better.

Thanks for helping OP serving its readers better,

Profitable Trading, OP

3 Comments

  • Avatar Bill says:

    OP,
    Here are some questions I thought of while skimming over the book. I have access to the electronic version.

    1) It seems that good traders understand crowd psychology. What other life tests need similar skills?
    For example, should excellent traders be excellent at picking their way through a crowd? Driving from one side of a crowded city to another side?
    Shouldn’t master traders also find the marketing of goods or services easy?

    2) Mr. Faith mentions building skill in chess. Chess is regarded by some as a pattern matching and/or experience game, and that IQ is not as important.
    Is trading the same way, is experience more important than IQ?

    3) What would Mr. Faith say about a trader (like me) who manages to “tread water”. In that after a years worth of trading, the account is about where it started.
    What time frames for measuring trading skill are suggested?

    4) The term “master trader” is used frequently. Currently, how many are there, or what percentage are master traders? Do they really know each other?

    5) Is Mr. Faith familiar with “dual n-back training”? If so, what relevance might it have to improving the trading mind?

    6) Mr. Faith indicates that some of the worst losses create some of the best lessons. How does one differentiate a significant loss between statistics and a trading error?
    For example, I had a unbalanced butterfly on the VIX that I initiated in early December. The idea was that after the end of the year, trading would “normalize”, and volatility would come back into the market. This needed to happen before January options expiration for this to work. It did not, and the position lost. In February, the VIX did go to the expected levels. So was this a trading error, or just plain bad luck, and how would you know?

    Bill

  • Avatar OptionPundit says:

    Question from another investor Bob Wilber-
    Nowadays most of the trading volume in many major markets is done by program trading.

    How has this affected price behavior and the ability of human beings to make successful trades?

  • Avatar Jeff Monroe says:

    Mr Faith, What is your perspective on “trend following” and do you recomment any starting strategies?

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