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 “peak” 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’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m 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.

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