Ep 603: Recency Bias vs. the Portfolio Approach in Trading

by Natalie Pyles on March 22, 2018

 

Welcome to The Traders Podcast! This is Episode 603, when your hosts Rob Booker and the producer Jason Pyles discuss “the Portfolio Approach” to currency trading.

Traders are subject to a bizarre recency bias, where they tend to use the most current event or experience as a baseline for predicting what will likely happen in the future. In other words, traders often base their feelings about a certain robot or trading strategy on the outcome of the last trade they took. In Episode 603, Rob suggests that we should instead judge by using, what he calls, “the Portfolio Approach.” Join us to learn more!

And if you would like to learn more about day trading the cryptocurrency market, be sure to visit RobCoin.com to receive Rob’s free book! Thanks for listening to The Traders Podcast.

Links for this episode:

Subscribe to Rob’s YouTube channel here: https://youtube.com/robbooker

Rob on Twitter: @RobBooker

The Traders Podcast on Twitter: @TradersPodcast

TFL365.com

Trader Interviews.com

Jason’s movie podcasts:

If you like movies, then Jason’s show Movie Podcast Weekly will give you semi-comedic reviews of the 2018 movies that are new in theaters.

Movie Podcast Network Jason’s movie podcast network.

Movie Podcast Network Twitter: @MovieCastNetwrk

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