EP15 // Trading For A Living Risking Only 8 To 12 Pips Per Trade: Kim Krompass

Is it really possible to only risk 8 to 12 pips per trade and trade for a living? This is actually pretty common for Kim Krompass. She is one of the only traders that I spoke to that was actually successful from the beginning. But then something terrible happened.

The post EP15 // Trading For A Living Risking Only 8 To 12 Pips Per Trade: Kim Krompass appeared first on Trading Heroes.

In this episode of the Trading Lifestyle Podcast, I was fortunate to be able to sit down with Kim Krompass and learn about her journey to becoming a professional independent trader. I met Kim through the Meetup group that I started here in the San Francisco Bay Area.

The one time that we talked in person at a meetup was very brief, so I was happy when she agreed to be interviewed for this podcast.

She has taken an interesting route to becoming a trader. Just like many people who come to trading, she was very successful in another area before she began to learn to trade.

Unlike other traders however, she was profitable from the very beginning. She will go into what strategy she was using in the interview.  But needless to say, it stopped working during the 2008 crash and she had to do a lot of soul searching to figure out if she really wanted to continue to be a trader or not.

Since her bread-and-butter strategy was not working anymore, she had to figure out a better way to trade and she found some mentors and coaches to help her get back on track. What resulted was a strategy where she doesn't use any indicators an takes very small losses, as little as 8 pips for certain pairs.

We also got to talking about what she does for fun outside of trading, why she doesn't usually hang out with other traders and what fine wine has to do with anything. This is a very informative and no-nonsense interview that covers a wide variety of topics, so I hope you enjoy it!

Why she was a profitable trader from the beginning
What is Kim's strongest trading trait
Her strong opinion on demo trading and backtesting
Find out her daily routine
How she made a fortune and lost a lot of it
Learn about two of her most successful students
Why the spread on the Mexican Peso might not be as scary as you think

Click Play To Listen To The Interview

Price Action Traders Institute
John Person – National Futures
Paul Tudor Jones – Famous trader
Turtle Traders – A famous trend following trading experiment
Michael Covel – Trend following researcher, author and speaker.  Great podcast too.
The Carry Trade explained
Jing – Screenshot software
Twitter – What Kim uses to broadcast her trading and socialize with other traders
Bitly – Shorten links to share online
Notebook – For recording trade entries

Other Ways To Get The Trading Lifestyle Podcast

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Click here to hear the other podcast episodes

What did you think of this episode?  Let us know in the comments below…

The post EP15 // Trading For A Living Risking Only 8 To 12 Pips Per Trade: Kim Krompass appeared first on Trading Heroes.