Ep 640: When a Trading Question Haunts You

by Natalie Pyles on October 4, 2018

 

Happy October! It’s been way too long. Your hosts Rob Booker and the producer Jason Pyles are grateful to be back in the saddle again on The Traders Podcast after a requisite hiatus. Thanks for sticking with us.

In Episode 640, Rob discusses a trading issue that he and other traders have struggled with: What if you have a question about your trading that you’re obsessing over? What if there’s a facet of your trading that just keeps haunting you? For instance, Rob’s haunting question of late has been this: How do I filter out the bad trades from my trading system?

Rob and Jason spend some time discussing what this sort of intense focus might mean and how to get past it and work through it. Rob also tells a truly horrifying story about a struggling trader who was trying to punish himself in an unthinkable way. Join us to hear more! Thanks for listening.

Rob’s wife, Niki Booker, has a new relationship podcast! Check it out: Find Your Soul. Find Your Soulmate.

And, here’s her Apple Podcasts link:Find Your Soul. Find Your Soulmate.

Hear Jason’s movie podcasts:

For some good Horror movies for Halloween check out: Horror Movie Podcast .

For the scoop on new releases in theaters check out: Movie Podcast Weekly .

Be sure to visit RobTrends.com to learn about Rob’s brand-new indicator and trading system!

Remember, if you want to learn more about cryptocurrency, you can get Rob’s free book at RobCoin.com! Thanks for listening to The Traders Podcast. [click to continue…]

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Ep 639: A Trading League of Our Own

by Natalie Pyles on August 22, 2018

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Welcome to the Traders Podcast Episode 639! Boy are we glad to be back. Today your host Rob Booker, who’s 50% improved from a 7-day fever from the depths of you-know-where, regales us with his heroic recovery. And, he catches up with Jason on his summer and the rap.

Understandably, Rob hasn’t been discretionarily trading in these summer months, which isn’t uncommon. Robots are great though because you don’t have to do anything. They can keep trading for you even if you’re so sick you want to claw your eyeballs out and stick them in the freezer.

Here’s the big news: In August and September Rob is assembling a group of 500 traders to trade together. They’re going to be trading the same way with the same robot, so they really concentrate on each element of doing something. Rob likens this act of revisiting the fundamentals to a profound lesson he learned from a business partner years ago, who, before beginning a software install that he’d done numerous times before, did the most unthinkable thing. He read the owner’s manual. Please join us!

Thanks for tuning in!

Be sure to visit RobTrends.com to learn about Rob’s brand-new indicator and trading system!

Remember, if you want to learn more about cryptocurrency, you can get Rob’s free book at RobCoin.com! Thanks for listening to The Traders Podcast. [click to continue…]

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Ep. 638: Looking to the Future Like Elon Musk

by Natalie Pyles on August 9, 2018

 

Welcome to the Traders Podcast Episode 638! Today your host Rob Booker indulges a current event question from Jason about Elon Musk’s recent investigation-stirring tweet.

This guy lives in the future. For traders it begs the question, “What kind of trader would a future-dweller be?”

A trader oriented in the future who is sitting on a lot of losing trades will be motivated to do something about it: close positions, hedge positions, etc.

A trader in the “now” will vacillate between worry and acceptance.

A trader living in the past will be replaying the movie of his past in his head.

Remember that Murphey’s law doesn’t state that whatever that is bad that could happen will happen; it just states that whatever can happen will happen.

Could you start and end every day with a bet about chaos? Could you benefit from that? Rob’s not sure yet, but he knows that things don’t stay where they are. There will be shocks to the system. Ask yourself, “what trade could I take that would benefit from an implosion of the status quo?”

Listen in for a great conversation that also circles around to The HBO hit Succession, Bitcoin and the upcoming Traders Rap! Thanks for tuning in!

Be sure to visit RobTrends.comto learn about Rob’s brand-new indicator and trading system!

Remember, if you want to learn more about cryptocurrency, you can get Rob’s free book at RobCoin.com! Thanks for listening to The Traders Podcast. [click to continue…]

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Ep 637: Simplify Your Trading, See More Success

by Natalie Pyles on July 24, 2018

 

Has your trading plateaued? Do you feel stuck in a rut? Traders commonly become impatient with the process because they just don’t feel like success is happening fast enough. How long should it take to become profitable? Many traders want to know how long until they can trade for a living.

In Episode 637 of The Traders Podcast, your hosts Rob Booker and Jason Pyles discuss how you can improve your trading by degrees and by eliminating the unnecessary aspects. Many traders further complicate their trading by trying to add to it, but ironically, trading tends to work better when you simplify your approach. Rob says we tend to think in terms of hours, minutes and days while the world of trading is measured in months, quarters, years and even decades. Listen to learn more!

Be sure to visit RobTrends.comto learn about Rob’s brand-new indicator and trading system!

Remember, if you want to learn more about cryptocurrency, you can get Rob’s free book at RobCoin.com! Thanks for listening to The Traders Podcast. [click to continue…]

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Ep 636: A Trader’s No. 1 Goal Is to Reduce Drawdown

by Natalie Pyles on July 19, 2018

 

What is your No. 1 goal in trading? To make money? No.

In Episode 636 of The Traders Podcast, your host Rob Booker explains why your No. 1 “secret goal” as a trader is to reduce drawdown. Rob says a trader’s primary responsibility is to reduce drawdown and cut your losses. You want to avoid holding on to your losses for long periods of time.

During this question-and-answer show, the producer Jason Pyles also talks to Rob about a number of universal, trading-related queries. Rob says the famous phrase in trading is, “You can’t win if you don’t play,” but the phrase should be, “You can’t play if you don’t win.” Listen to this episode to learn how to win more! Thanks for joining us for The Traders Podcast.

Be sure to visit RobTrends.comto learn about Rob’s brand-new indicator and trading system!

Remember, if you want to learn more about cryptocurrency, you can get Rob’s free book at RobCoin.com! Thanks for listening to The Traders Podcast. [click to continue…]

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Ep 635: Learning How to Make Money Trading

by Natalie Pyles on July 17, 2018

 

Sometimes the events of the news don’t have to be strictly financially related in order for us to glean some truth about trading. In Episode 635, your host Rob Booker and the producer Jason Pyles discuss the recent, heroic rescue of the boys trapped in a cave in Thailand. We talk about pressure and deadlines. We also discuss rising to the occasion and calling upon reserves of strength and determination precisely when they’re needed. Rob also draws a parallel with the beginning of a trader’s career and the seemingly long, dark tunnel to attaining the status of a profitable trader.

In Episode 635, Rob also talks getting back on track at the last point where you knew you were still on course. We discuss the occasional necessity of having to repeat portions of a journey. Many traders find this very humbling and discouraging, but Rob talks about how it’s often a necessary part of the learning process. We also hear the story of David, a trader who Rob repeatedly challenged to make one dollar a day. Listen to hear what David eventually learned! Join us!

Be sure to visit RobTrends.comto learn about Rob’s brand-new indicator and trading system!

Remember, if you want to learn more about cryptocurrency, you can get Rob’s free book at RobCoin.com! Thanks for listening to The Traders Podcast. [click to continue…]

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Continuing on with our interview series, Episode 634 of The Traders Podcast brings you the wisdom of Scott Heywood. He talks about his primary trading goal of just surviving to trade tomorrow and next week!

Scott says he doesn’t consider himself a trend trader or even a counter trend trader. He doesn’t make his decisions to trade based on whether a pair is trending. Scott talks about getting his news from Twitter, though he doesn’t let that information worry him or affect his approach to trading.

Scott also talks about his preference of having freedom and flexibility in his schedule rather than adhering to a daily trading routine. Scott does, however, have a weekly routine that he describes during this podcast. When asked how long it takes for a person to learn to trade for a living, Scott explains why it could be anywhere from six months to six years, depending on the individual. He also discusses the value of time and experience. Join us to hear more!

How to get in touch with Scott:

Website: Tenfortyone – Sign up for Scott’s newsletter!

Scott’s favorite book: Zen in the Martial Arts

Be sure to visit RobTrends.comto learn about Rob’s brand-new indicator and trading system!

Remember, if you want to learn more about cryptocurrency, you can get Rob’s free book at RobCoin.com! Thanks for listening to The Traders Podcast. [click to continue…]

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Welcome back to The Traders Podcast! Your host Rob Booker continues his interview series with the great trend trader Raghee Horner! She talks about the importance of having a short memory when it comes to good trades (as well as the bad ones). Raghee encourages the listeners to not take a stop-loss personally. In fact, Raghee says traders shouldn’t take anything personally.

During Episode 633, Raghee speaks about trading systems, trading routines and how she tracks her trading goals. She also talks about how fasting can help your trading! Raghee says a good trade is a story you can wrap your head around and then prove with price. And she tells us what she believes is the most common mistake that traders make! Join us to hear more!

How to get in touch with Raghee Horner:

Website: Raghee’s Clubhouse
Twitter, Facebook and IG: @RagheeHorner

Raghee’s favorite books: Breaking the Habit of Being Yourself and The Amazing Power of Deliberate Intent

Be sure to visit RobTrends.comto learn about Rob’s brand-new indicator and trading system!

Remember, if you want to learn more about cryptocurrency, you can get Rob’s free book at RobCoin.com! Thanks for listening to The Traders Podcast. [click to continue…]

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Ep 632: Scott Welsh on Beating the Market

by Natalie Pyles on July 5, 2018

 

In Episode 632 of The Traders Podcast, your host Rob Booker poses a number of interview questions for guest Scott Welsh to answer at his leisure. In this show, we ask what it means to “beat the market”? Better yet, how does one beat the market? For Scott Welsh, beating the market means creating a return that is consistently higher than if you just bought and held the S&P 500 Index.

Scott is also asked if he is a trend trader, a counter-trend trader or if making such a distinction is nonsensical. Scott talks about the biggest mistake that new traders make. And he also discusses trading goals. We talk about how long it takes for someone to learn to trade for a living when doing discretionary trading. And of course, Scott “The Coach” Welsh incorporates some parallel metaphors from his years of experience in the tennis world. Oh, and it wouldn’t be a Scott Welsh episode if we didn’t discuss a little robot trading, as well. Join us to hear more!

How to get in touch with Scott Welsh:

Website: scottwelsh.me – Sign up for the weekly newsletter!
Twitter: @swelsh66
YouTube: Scott Welsh Trading. Beat the market – Scott Welsh. New YouTube videos release every Thursday!

Scott’s favorite book: Zen and the Art of Motorcycle Maintenance

Be sure to visit RobTrends.comto learn about Rob’s brand-new indicator and trading system!

Remember, if you want to learn more about cryptocurrency, you can get Rob’s free book at RobCoin.com! Thanks for listening to The Traders Podcast. [click to continue…]

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Ep 631: The Genesis of a Traders’ Rap

by Natalie Pyles on July 3, 2018

 

In a very unusual episode of The Traders Podcast, your host Rob Booker talks with the producer Jason Pyles about some of the themes of trading, including the perpetual pursuit of more time, money and influence.

Traders are also commonly subject to disappointment, heartbreak, depression, confusion, anger and self-sabotage. Traders are also full of hope and desires for fast cars and a beach-side life. Rob also discusses the characteristics of traders who “come up hard” by starting out in the traders’ school of hard knocks, so to speak.

Rob also commissions Jason to complete an intriguing task! Using some of the themes mentioned above, Rob hires Jason to write and record a traders’ rap song! Join us to hear more!

Be sure to visit RobTrends.comto learn about Rob’s brand-new indicator and trading system!

Remember, if you want to learn more about cryptocurrency, you can get Rob’s free book at RobCoin.com! Thanks for listening to The Traders Podcast. [click to continue…]

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