It is Rocket Science

Welcome back to Perry Kaufman part 2 on the importance of testing and some of the secrets to his success including rising at 4.30am each morning. Louise Bedford looks at marriage 'material trading' and finding the perfect archetypal trade.Marriage Material TradingMake sure the instrument you buy is MARRIAGE MATERIAL.Do you have a checklist?Do you have an archetype?Find an image of that perfect trade that ticks every box and then …. print it out. Perry KaufmanPerry Kaufman’s advice to youngsters is to marry someone smarter than you.And arguably Perry may have done that himself, his wife was a member and floor trader at the Chicago Mercantile exchange. She is a systematic trader and he is algorithmic, and she is perfectly willing to tell Perry that he is out of his mind.We still don’t know who does the household budget but it is a good guess that they have it sorted between them.Perry talks testing systems and how to determine and define your parameters and he also gives his top 3 pieces of advice in the markets.We ask Perry about some of the secrets to his success. Spoiler alert - one of them is that he rises at 4.30am …. every morning!He eats the ugliest frog first each day and his 100-year old mother still manages her own stock portfolio.We also hear his favourite quote which seems suitably perfect for a former rocket scientist and algorithmic trader: "Numbers are like people if you torture them they will say anything."To find out more about Perry go to www.kaufmansignals.com Be the spark If you know someone who’s struggling in the markets, don’t keep Talking Trading to yourself. Share the show with them — because sometimes all it takes is one insight, one spark, to turn their trading around.Take them to talkingtrading.com.au and be the person who makes the difference.Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.www.tradinggame.com.au www.talkingtrading.com.au.FacebookYouTube TwitterLinkedIn