574: The 30 Year Institutional Pure Price Action Trader (Paul Scott)

574: The 30 Year Institutional Pure Price Action Trader (Paul Scott)

Author: Etienne Crete August 24, 2026 Duration: 27:05

The 30 Year Institutional Pure Price Action Trader (Paul Scott)

In episode 574 of the Desire To Trade Podcast, you will be listening to an interview with Paul Scott, who explains how more than 30 years in professional trading shaped the way he reads the market today. He walks through why he focuses so heavily on price, avoids prediction, and treats losing streaks very differently from most retail traders.

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode

  • 00:00 Introduction
  • 01:09 How his trading approach has changed over the years
  • 02:05 What "look at the right side of the chart" actually means
  • 03:13 The language of the chart: reading key decision-making levels
  • 04:40 Is his approach mechanical or discretionary?
  • 07:38 Where he learned price action
  • 09:44 "The educational state of retail trading is disgusting"
  • 12:55 Why mechanical price action beats emotional interpretation
  • 14:20 Has anything changed in the markets with AI and robots?
  • 16:29 Emotion and discipline in trading
  • 19:32 Paul's advice for people who want to live off trading
  • 20:41 How he handles losing streaks
  • 21:42 His rule for cutting a setup after two losses
  • 22:16 How he avoids overtrading too many assets
  • 23:48 What traders don't focus on enough
  • 25:37 Where to find Paul Scott (link below)

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

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Hosted by Etienne Crete, the Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders is a deep and practical resource for anyone serious about the foreign exchange market. This isn't about hype or quick tips; it's a focused exploration of the mindset, strategies, and daily habits that separate consistently profitable traders from the rest. Each episode features candid conversations with proven traders from diverse backgrounds, dissecting their real-world experiences, toughest losses, and most valuable breakthroughs. You'll hear detailed discussions on analysis techniques, risk management psychology, and building a sustainable trading business. Etienne guides these interviews with a clear purpose: to extract actionable lessons you can apply directly to your own charts and decision-making process. The podcast operates from a core belief that trading mastery is a skill built through education and disciplined practice, leading to greater independence. Whether you're refining your system or just starting out, these conversations provide the nuanced insights and hard-won wisdom rarely found in textbooks or online forums. Tune in for a straightforward, no-fluff dialogue about what it truly takes to navigate the markets with more confidence and control.
Author: Language: English Episodes: 50

Desire To Trade Podcast | Interviews with Highly Successful Traders
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