Trader Interviews: Hello everybody. Welcome to TraderInterviews.com and MoneyShow.com. We're going to be talking to various different traders of course every week and the idea of being that you can get information about your own trading, things to use in your own styles and strategies that maybe you can add to your arsenal to make you a better trader as well. So our guest today is Tim Racette. He's a part-time trader and we're going to talk to him about how he got into the market and his overall trading style. So, Tim, thanks for joining us in the show today.
Tim Racette: Great to be here Tim.
Trader Interviews: Well, talk about your background, like to start, they are always, how you got into the trading game.
Tim Racette: Well, I started in high school as an investor, working through a broker. And I really felt the big lack of control, disconnected. When I wanted to get into a position, it wasn't very quick or free. I had to go through the broker and I felt like I just had no control. So, I began trading in January of '07 through ThinkOrSwim and I've been loving it ever since.
Trader Interviews: Now, one of the things that you said over to me before we did our recording that you thought trading was 80% psychological and 20% trading systems and managing your trade. Talk about what you mean by that.
Tim Racette: Yeah, that's right. Just when I feel like, if you have a psychological discipline to be a trader that the strategy can develop afterwards, so also your discipline and your knowledge of trading is really what's makes you successful in the market. The strategy can change. It can adapt to different markets, so you should be able to put any strategy to any of the great traders in their hands and they will, they should be able to take it and run with it.
Trader Interviews: We hear a lot about that, you know, the psychology is...
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