011 – Interview with Gordon Scott – Extensive Trading Trainer

Gordon Scott brings decades of experience and learning to the work of educational strategy for Investopedia Academy. His focus is on maximizing the value of Investopedia Academy's online learning for individual traders, investors, and aspiring financial professionals. Mr. Scott previously served as the managing director of the CMT Program for the CMT Association, the coaching and curriculum director for Beacon Learning Group, and the content director for Investools. He also co-authored the book, Invest to Win with Toni Turner, published by McGraw-Hill in 2013.

Also view this on YouTube —> https://youtu.be/56_JQpWizbU

Show Notes

• Investopedia.com and Gordon’s started there and his role there helping traders
• The “Justification for Trading” and what that means
• What the “business of trading” really is
• Speculation and forecasting in trading
• How investment professionals approach risk management and where they fail
• Risk of failure and the desire for self-preservation how they never get talked about
• How trading really is more about getting the right training than it is trying to figure out your “psychological issues”
• Gordon shares some interesting statistics regarding the success rate of traders and the factors that come into play
• Backward-looking returns versus forward-looking risk management
• The number of trades it takes to hit that Black Swan event that blows up your account – on average
• The criticality of exit strategies
• The Arcsine Law and how it shows itself in the markets
• Are the markets “randomized”?
• How you can get your trading business up and running pretty fast if you concentrate on the right thing
• The story by Chuck Le Beau about the trader who talked to other planets
• What it’s like working with Gordon in his coaching, particularly the risk management

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• Book a free consultation with Brian here à https://insideouttrading.com/book-a-call-w-brian/
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• “Enough To Be Dangerous” short report — https://www.insideouttrading.com/enough-to-be-dangerous-report/
• Work with Brian — https://www.insideouttrading.com/schedule-a-call-with-brian/
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About the podcast

• On Spotify – https://podcasters.spotify.com/pod/show/brian-mcaboy8
• On Apple Podcasts – https://podcasts.apple.com/us/podcast/consistent-profits-podcast/id1677400820
• On YouTube – https://www.youtube.com/playlist?list=PLWBHY_-GTmgEQmz302Iog3bi5xnIF1xyZ
• On Google Podcasts – https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVvdXR0cmFkaW5nLmNvbS9ibG9nL2NhdGVnb3J5L3VuY2F0ZWdvcml6ZWQvZmVlZC8
• On Radio Public – https://radiopublic.com/consistent-profits-podcast-6Bx9yM
• On iHeartRadio – https://www.iheart.com/podcast/269-profit-by-design-trading-p-109844703/

How to find Gordon

• His website – https://www.myconsistentprofits.com/
• On LinkedIn  – https://www.linkedin.com/in/gordonbscott/
• On Twitter – https://twitter.com/gordonscottcmt

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