Trend Following With Michael Covel

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 importan