Ep. 333: Gary Dayton Interview with Michael Covel on Trend Following Radio
My guest today is Gary Dayton. Dayton stands apart as a trading psychologist in his use of the Mindfulness-Acceptance-Commitment (MAC) approach to peak performance, a model of human behavior based on mindfulness. Dayton is a psychologist and holds a doctorate in clinical psychology and a certificate in human performance/sport psychology from Rutgers University. He is President of Peak Psychology, Inc., a consulting firm that specializes in developing \u201cpeak\u201d performance in traders.
The topic is his book Trade Mindfully: Achieve Your Optimum Trading Performance with Mindfulness and Cutting-Edge Psychology.
In this episode of Trend Following Radio we discuss:
- Mindfulness, yoga, and a turnaround in a particularly depressed patient
- Defining mindfulness
- How Dayton went from a clinical psychologist to integrating money, markets, trading, and investing into his work
- The importance of a trading process
- Looking at the lessons and research of Daniel Kahneman
- The endowment effect
- Price action as a heuristic
- The importance of an exit strategy
- Why mindfulness is the most important skill a trader can develop
Jump in!
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I\u2019m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I\u2019m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I\u2019d like to give you a great piece of advice you can use in your life and trading journey\u2026 cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
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