Episode 160: Fear and Timing

by producer on June 19, 2013

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In this memorable episode of The Traders Podcast about “Fear and Timing,” your host Rob Booker and the producer, Jason Pyles, answer a valuable e-mail inquiry from a podcast listener named Jason, who asks us how to know when it’s the right time to make the necessary sacrifices to become a successful trader.

Jason the listener also asks how one has the confidence to step out in faith and take that risky leap into the darkness. He also asks how to address the resistance of disapproving family and friends who view such actions as being reckless, foolish and irresponsible.

Naturally, Rob answers these questions with all the fiery conviction and honesty that you’ve come to expect from him. And Jason the producer also offers some heart-to-heart answers, since Jason the listener also directed these questions at him.

Also in this episode, you’ll hear Rob describe a Tweet that made him want to throw the Starbucks furniture through the windows, [click to continue…]

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Episode 159: 3-2-1 and I’m Done

by producer on June 17, 2013

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In this 49-minute, extended episode of The Traders Podcast, your host Rob Booker chats with Matt LaCoco and Shonn Campbell about all the usual topics that you’d expect — psychics, yaks and traveling through the time-space continuum — sure, but they also discuss the following:

Personal mantras for life; the purpose in having someone to talk with about trading; the practice of skipping the first trade of each day, what it can do for your trading, and if this rule applies to automated trading systems; since robots never get emotional (but humans do), then why does anyone ever want to run their trading account in a discretionary fashion?; the role of intuition or “gut feelings”; the dangers of becoming obsessed with extraordinarily profitable days in the market and the way these big days can alter our thinking about trading; ceasing to worry about “What Could Have Been”; getting fed up with our pitfalls to the point that we’re motivated enough to stop falling into the same traps… just to name a few.

Leave a comment below and let us know your personal mantra! The best mantra submitted within one week of this podcast (by June 24, 2013) will receive a $100 Amazon gift certificate! Thanks for listening.

Links for this episode:

Follow Matt on Twitter: @MattLaCoco

Follow Shonn on Twitter: @PlateauTrader [click to continue…]

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Episode 158: Mirage Trading

by producer on June 12, 2013

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Are you a Mirage Trader? Do your biases blind you to seeing the reality of what’s actually on your charts? We hope not. Today in Episode 158, your host Rob Booker speaks with veteran trader Jared Johnson, the CEO, founder and president of Day Traders FX.com, about the emptiness of mirage trading, the scary phenomenon of seeing something that isn’t there…

Rob was recently speaking with a trader who was struggling and complained that no one appreciated how difficult trading was for this person. Jared describes his friend who would secretly trade from her day job by having a little laptop hidden under her desk. Then Rob shares a story about how he unwittingly and unexpectedly footed the bill for some special services that two of his employees received in New York City…

Rob asks Jared about his daily routine when he wakes up at 4 a.m., and they discuss Jared’s average amount of sleep on any given night. Rob describes his own odd morning routine that occurs before he starts trading each day. And Rob and Jared bring you an update on their combined trading account for charity, and they comment on how nice it’s been not to worry or stress about each other. Tune in! [click to continue…]

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Episode 156: The Price, the Balance and the Nature of Accomplishment

by producer on June 5, 2013

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In Episode 156, your host Rob Booker talks with Jared Johnson, the CEO, founder and president of Day Traders FX.com to respond to some listener feedback that we received from Chris about The Traders Podcast, Episode 44: Money Never Sleeps. During that old episode, Rob talks about how difficult it is to be the best at something, so he revisits this topic. Rob asks Jared if, as a successful trader, he gets to spend more time with his family and less time worrying about money. Rob and Jared discuss the balance between trying to be a successful trader at home while also navigating the demands of family life. Rob describes the oxymoronic lifestyle of being “a professional” from home. And Rob and Jared talk about the price and the nature of accomplishment, whereby one can choose to be mediocre at many things or one can streamline one’s focus and try to become the very best at a few things. Tune in to this fun and feisty episode of The Traders Podcast.

Links for this episode:

Day Traders FX.com

Episode 44: Money Never Sleeps [click to continue…]

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Episode 155: Trading for the Love of the Game

by producer on June 3, 2013

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In Episode 155, your host Rob Booker catches up with his trading partner, Jennifer Thornburg, to discuss trading for the love of the game. They talk about whether it’s more difficult to trade a larger amount of money or a smaller amount — and if there’s really something to tripping over those extra zeros. Rob and Jennifer discuss whether it’s possible to love trading too much and the difference between trading too often and simply being too fond of it.

In this episode, Rob also talks about how a detached attitude toward trading can often lead to larger profits. And since nothing is taboo for discussion here on The Traders Podcast, Rob and Jennifer talk about how alcohol consumption can affect your trading, and they also discuss how our lifestyle choices, in general, are often influenced by our trading needs. All of this and more during Episode 155 of The Traders Podcast!

Links for this episode:

Follow Jennifer on Twitter: @JenTho3

TFL365.com/NLP [click to continue…]

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Episode 154: Ambition, Discipline and a Losing Week in the Markets

by producer on May 29, 2013

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In Episode 154 of The Traders Podcast, your host Rob Booker speaks with veteran trader Jared Johnson, the CEO, founder and president of Day Traders FX.com. Rob talks about his losing week of trading, and he asks Jared how he deals with a losing week in the markets. Rob also asks how big a loss Jared would have to suffer before he’d feel some trepidation about sharing the bad news with his wife.

Rob and Jared discuss whether you can you learn anything from a winning trade, and they wonder how much you can really learn from losing trades. They also have a discussion about the relationship between ambition and discipline. And Rob and Jared also start planning their upcoming trading partnership, where they hope to trade an account together to raise money for charity. We think you’ll enjoy this show. Don’t miss it!

“Trading, man … it’s a wild animal — for sure.”
— Jared Johnson, Day Traders FX.com

Links for this episode:

Day Traders FX.com [click to continue…]

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Episode 153: A Burning Desire to Do What You Want

by producer on May 27, 2013

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The fact that Rob lost his pants and that he views himself as a monkey are just two interesting aspects of this episode — but not the only interesting portions … there are a lot of notable gems in Episode 153 of The Traders Podcast.

We have a feeling that this particular episode will provoke some response, so please leave us a comment below or e-mail us at Producer@TradersPodcast.com.

Also during this show, Rob mentions that he will soon be trading an account together with Mr. Jared Johnson of Day Traders FX.com — all for charity. These two are going to hold a special Webinar and more details will be forthcoming in future episodes.

But the “meat” of Episode 153 is Rob’s discussion of having a burning desire to do what you want. Rob also talks about how too much planning can lead to disastrous results, and he makes a distinction between actual planning and mere wishing. He discusses how “clarity is power” — and much more during this memorable episode. Listen! [click to continue…]

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Episode 152: Never Ever Ask Anyone for Advice Again

by producer on May 22, 2013

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In this very candid episode of The Traders Podcast, Rob says he feels like he’s in a perpetually bad mood. Jason suggests that it might be a so-called “funk,” which leads Rob to enumerate the things that are bothering him. So, Rob opens with a pretty amusing rant on the unpleasantness of Arizona’s climate in the summertime. That’s the first thing that’s been bothering Rob.

And for the second thing that’s troubling our host, an exasperated Rob also discusses (anonymously) a trader that he corresponds with who refuses to write a trading plan, despite his persistent recommendation to do so. Through this experience Rob realizes that he’s tired of giving advice, and he floats a new theory that maybe we simply shouldn’t seek the advice of others. Rob suggests that perhaps we should just do what we want to do, and learn from our own mistakes. [click to continue…]

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Episode151: The Rob and Raghee Divergence or: Half Off Is for Walmart

by producer on May 20, 2013

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In this episode, your host Rob Booker responds to an inquisitive e-mail from someone that we’ll just call “M.” His e-mail asks a number of questions, including: Why sit in front of your computer and teach people about trading, instead of just flying around the world, enjoying your trading wealth? And there are many other Web sites with a trading room, and so forth, so what makes yours different? So, Rob has a good time fielding M’s queries.

Then, at about 9 minutes into the episode, we’re joined by special guest and friend, Raghee Horner, the creator of the 34EMA Wave and the GRaB indicator. Rob asks Raghee a few questions that are peripherally related to his previous discussion of M’s e-mail. Rob asks Raghee what is the mistake that she keeps making, and in response, she talks about her hit-and-miss affair with stop-losses. And then Rob and Raghee discover their point(s) of divergence as traders! Give this one a listen — we think you’ll have fun!

Links for this episode:

May 9, 2013 Open Trades and Pending Orders

Daily Forex Trading Edge.com

Raghee on Twitter: @RagheeHorner

Twitter: @RobBooker

TFL365.com

The Traders Podcast on Twitter: @TradersPodcast

E-mail us! Producer@TradersPodcast.com

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