Professional trading is discussed as Stuart McPhee interviews John Netto.
Stuart: You have mentioned exercise, you know the ability to remain calm and level-headed when everything seems against you and you're under great adversity and all seems lost.
And I think in trading especially when you are operating on your own, and you don't have that assistance around you, and you think all seems lost, how do I cope with this and I think in the military we are taught to just relax, calm down.
You mentioned physical exercise, and sometimes I just dread thinking about the exercise we did to get to that level.
And I think physical exercise really helps people deal with stress they feel more confident in themselves, lower heart rate, lower blood pressure, just deal with things.
I often mention the benefits of physical exercise to traders and I don't think many other people do.
And I just try to tell people if you just go walking it just helps lower the resting heart rate, remain calm.
One other thing if I can get you to comment - I talk about discipline all the time as being the number one attribute.
Just to let you know I had a workshop, a full day workshop I ran about a year ago and I was talking about discipline and this woman put her hand up and said 'I agree with everything you're saying.
All the problems you're talking about I've been through that myself.
I know I lack discipline but I still don't know how to fix it.
I know I've got to cut losses.
How do I get discipline? I know it is essential for my professional trading.
' Do you have anything, perhaps an exercise to help people out there? I mean, how do we get more discipline? I mean I'm pretty comfortable with my level of discipline and you probably are the same.
But how do people get more discipline? John: You've got a great point there.
Our training profiles are very much a microcosm of our lives.
I take a top down approach both in my trading styles, I look at longer term price charts first, and then shorter term price charts but having discipline in trading is first about having discipline in your life.
Not something you switch on and off.
John: You know how you do one thing is how you do everything.
Do you honor commitments to yourself? If you tell you kids you're going to do something and you actually follow through.
So being disciplined starts with areas in your life and working from that base, I think it then transcends and transitions quite a lot into trading.
Stuart: I've probably never said it like that but I totally agree with you.
You're right, it's a microcosm.
We don't just turn it on, right let's be disciplined for the next half hour or hour, it's just part of your life and the exercise and the diet and looking after yourself and being prepared for whatever you do in life.
And professional trading is no different to that.
You are absolutely right with that.