Episode 246: The Retirement Lie — Part 4

by producer on April 16, 2014

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In this fourth and final episode on The Retirement Lie, our guest host Scott Welsh begins with answering a comment from Brian. Then Scott and Jason the producer run the numbers to demonstrate a few possibilities for a nearby retirement, as well as a far off one. Scott discusses fear and what we could potentially achieve, depending on our risk tolerance. This series is now complete and has spanned from Episodes 243 to 246. Your regular host, Rob Booker, will return on Monday for Episode 247. But we’ve been grateful to have The Coach as our guest host for the past two weeks. Thanks, Scott! And thanks for listening to The Traders Podcast.

Links for this episode:

Scott’s Blog

E-mail Scott: ScotWelsh ( AT ) gmail ( DOT ) com

Scott on Twitter: @SWelsh66

Call and leave us a voice mail: (801) 382-8789 [click to continue…]

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Episode 245: The Retirement Lie — Part 3

by producer on April 14, 2014

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Welcome to Episode 245 of The Traders Podcast. Your host Rob Booker is on a short vacation from his podcasting post, so we’ve been lucky to have The Coach Scott Welsh fill in as our guest host. This episode is Part 3 of 4 about The Retirement Lie. In this show, Scott answers a listener question from FX Cave (aka Cavex). Next Scott talks about how retirement equals freedom, and this is why we live — to be free! He also discusses the value of using probabilities to inform your trading. And Scott talks about The Little Book That Beats the Market by Joel Greenblatt, and his “Magic Formula.” Don’t miss it!

Links for this episode:

Scott recommends: The Little Book That Beats the Market by Joel Greenblatt

Scott’s Blog

E-mail Scott: ScotWelsh ( AT ) gmail ( DOT ) com

Scott on Twitter: @SWelsh66

Call and leave us a voice mail: (801) 382-8789 [click to continue…]

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Episode 244: The Retirement Lie — Part 2

by producer on April 9, 2014

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Episode 244 of The Traders Podcast is Part 2 of Scott Welsh’s “The Retirement Lie.” (So, if you haven’t heard the previous episode yet, please go back and listen to Episode 243: The Retirement Lie – Part 1 prior to playing this one.) Your usual host, Rob Booker, is enjoying a two-week vacation from podcasting, so for the next few episodes, The Coach Scott Welsh will be our guest host.

And in this second episode of four, Scott tells us more about “The Retirement Lie.” Scott begins this episode by discussing a Wall Street Journal article that examines this Retirement Lie. Scott says there are two questions he wants us to think about regarding our retirement: 1.) How can I retire as fast as possible? 2.) Since I like my job, how much can I save? Yes, Scott also addresses the question: What if I don’t want to retire? So, you’re going to hear Scott run the numbers and explain “the vision” to Jason. Don’t miss this one! And thanks for listening.

Links for this episode:

Scott’s Blog

E-mail Scott: ScotWelsh ( AT ) gmail ( DOT ) com

Scott on Twitter: @SWelsh66

Call and leave us a voice mail: (801) 382-8789 [click to continue…]

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Episode 243: The Retirement Lie – Part 1

by producer on April 7, 2014

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Welcome to Episode 243 of The Traders Podcast. Your usual host, Rob Booker, is enjoying a two-week vacation from podcasting. So, for the next four episodes, starting with this one, we have a guest host — “The Coach” Scott Welsh — co-creator of the Bossilator course and a peak-performance instructor who resides in Columbus, Ohio.

For his first episode of four, Scott talks about “The Retirement Lie.” He begins by describing his intense disdain for liars, and then Scott talks about some very popular lies that many people believe. This leads into Scott’s surprising insights about The Retirement Lie, and he begins explaining some good news for traders pertaining to their retirement that isn’t a lie! Don’t miss it! Thanks for listening.

Links for this episode:

Scott’s Blog

E-mail Scott: ScotWelsh ( AT ) gmail ( DOT ) com

Scott on Twitter: @SWelsh66

We also recommend listening to this popular episode featuring Scott Welsh: Ep. 34: Peak Performance Athletics and Trading for a Living From Home

Call and leave us a voice mail: (801) 382-8789 [click to continue…]

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It has been exactly 132 episodes since we last had a TraderRadio Flashback! For those who don’t know, TraderRadio.net (circa 2008 – 2009) was the precursor to The Traders Podcast. We sometimes enjoy looking back at the concerns of the day five years ago and comparing how they relate to our present trading. So, in this recording you’ll hear your host, Rob Booker, chatting with his old friends Corbin Layton and Joshua Hauck (the Ohio River swimmer) in an episode recorded on June 15, 2009, titled “Calamity, Collapse and Trading Redemption.” Rob and the boys talk about the transformation that occurs within a trader after experiencing a margin call (or some other humbling experience). And they also spend some time talking about some news items pertaining to the summer of 2009, such as the Eurozone economy, as well as the dollar bear trend and more. Thanks for listening!

Links for this episode:

TraderRadio.net

Call and leave us a voice mail: (801) 382-8789 [click to continue…]

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For Episode 241, your host Rob Booker brings us a memorable solocast. A trader named Andy Russell recently wrote to Rob and asked how one successfully trades for a living. Rob answers.

He addresses Andy about transforming a 50/50 proposition into a winning proposition. Rob also gives four recommendations that make trading sustainable for the long-term. And Rob talks about how important it is not to close winning trades too fast. If you’ve been struggling with trading for a living, this episode is not just for Andy Russell, it’s for you! Thanks for listening.

Links from this episode:

Call and leave us a voice mail: (801) 382-8789 [click to continue…]

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In Episode 240 of The Traders Podcast, you’ll hear your host Rob Booker talking with Matt LaCoco about all the negativity that’s thrown at brand-new traders. Rob and Matt discuss why there are so many naysayers. Then they explore the positive aspects of trading that new traders can anticipate. Matt says that “being negative always, always costs money.” Rob and Matt also discuss how their friend, Shonn Campbell, now trades with the perspective of running a business as a warehouse owner. This episode is a little bit unique, because it ultimately turns into a couple of friends just wrapping about their trading. Don’t miss it, and thanks for listening.

Links from this episode:

Matt’s Awesome Trading Blog

Follow Matt LaCoco on Twitter

Call and leave us a voice mail: (801) 382-8789 [click to continue…]

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Episode 239: An Update on The Trader House

by producer on March 24, 2014

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Welcome to Episode 239 of The Traders Podcast with your host, Rob Booker. This particular show is a wacky hodgepodge, of sorts. Jason the producer begins with a story of a little conflict he had at a screening of the new movie “Divergent.” Next we listen to a voice mail from Ryan. We randomly talk about various incarnations of The Tonight Show, then we read comments from FX Outlier, Liftoff, Scott and Warren. But stick around until after Rob closes the show, because we had an after-show conversation about Rob’s Trader House. Let us know your thoughts. Thanks for listening.

Links from this episode:

Forex Early Warning.com

JoaquinFX.blogspot.co.uk

Call and leave us a voice mail: (801) 382-8789 [click to continue…]

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In Episode 238, your host Rob Booker explores Matt LaCoco’s concept of allowance. But this conversation is probably just the tip of the iceberg. Rob would actually like to hear more from Matt on this topic.

So, tell Matt LaCoco that you’d like to hear his thoughts on allowance on Twitter here: @MattLaCoco Be sure to ask him to write an essay on his blog about allowance.

Rob also talks about ideas circling around ingratitude and being discontent with the state of what you have (or what you don’t have). Rob asks whether constant improvement is a myth, and he suggests that an over-emphasis on improvement can lead to a lot of unhappiness. We talk about the problems of interfering and getting in the way of what’s already working sufficiently. And this episode touches on the ideas of contentment, complacency, ambition and innovation. Don’t miss it! Thanks for listening.

Other links for this episode:

Call and leave us a voice mail: (801) 382-8789 [click to continue…]

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Episode 237 begins with an idea… Jason the producer suggests some sort of prize give-away for those who call The Traders Podcast and leave us a voice mail at (801) 382-8789 with some sort of short, trading-related story. Next we read a question from fxoutlier, who asks about the status of Duane the Meticulous Trader. Then we read a comment from Nate, who asked about, what Rob calls, “The Worst Trading Strategy in the World.” And Rob also explains why traders are so easily drawn to such a strategy. Next we read a comment from our friend, Scott, about maintaining confidence even while at a loss. Then we get an e-mail from Kaine who’s sick of being told about being a losing trader. Then we read a comment from Anthony, who has an idea for the next Traders Expo. Then we hear from Cole, who talks about his long-term trading strategy. We think you’ll enjoy this episode. Call and leave us a voice mail! Thanks for listening!

Check out Rob’s video about his Trifecta Trading System for day trading

Other links for this episode:

Call and leave us a voice mail: (801) 382-8789

Rob on Twitter: @RobBooker

The Traders Podcast on Twitter: @TradersPodcast [click to continue…]

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