Episode 142: If Being Profitable Is Wrong – I Don’t Wanna Be Right

by robbooker on April 17, 2013

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Dinner With AndhiThe Traders Podcast visits The Big Easy! When we catch up with your host Rob Booker and Bradley Fried amid their Trade-for-a-Living Tour, they listen to some wise counsel from Andhi in New Orleans. The three traders talk about how you don’t have to be right; you just have to be profitable. They discuss a common affliction of being too quick to enter trades, and Brad says that part-time traders who have a day job only have so much time to get in to their trades, so they often jump in prematurely for fear of missing out.

Throughout his conversation, Andhi mentions a list of five golden items that we suspect would help any trader who heeds his insights. Andhi also talks about “reversion to the mean” and how familiarizing yourself with some statistics can help you process the massive amount of raw data that traders study. Rob tells a story from his college experience about a bird that made him more popular for a day. And these traders discuss other fascinating concepts, such as The Human Moving Average and how to overcome obsessive thoughts about your next trade! Don’t miss this one!

LINKS FOR FOLLOWING ROB’S TRADE-FOR-A-LIVING TOUR:

Watch Rob’s daily videos on YouTube

Watch Rob’s daily videos on RobBooker.com

Facebook: Man vs. Market

Twitter: @RobBooker

Other links:

TFL365.com

The Traders Podcast on Twitter: @TradersPodcast

E-mail us! Producer@TradersPodcast.com

{ 2 comments… read them below or add one }

David Pullen April 18, 2013 at 1:21 am

Loved the interview Rob and want to echo your comments regarding Jason.

Truly think your podcast works so well both because of the (good cop, bad cop..hosts) and the fact that your content focuses on the people that trade, rather than the trading itself.
Obviously you need both, but the people are often forgotten, outside the podcast.

Also I have to agree, that Andhi has it all together, and you know what, it took him “his” !! journey to get there.

Loved hearing about it and thanks Andhi for sharing your experience, can’t wait for the next interview, cheers
Dave

ps: Rob, would you be Starsky or Hutch?? 🙂

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Fortin April 18, 2013 at 1:00 pm

Rob just left Pass Christian, MS at around 7:30 this morning (Thursday). He’s cruising up the Gulf coast to Atlanta. (I hope he’s not as hung over as I am. I could barely say goodbye (LOL). I just wanted to crawl back into bed and sleep but it’s off to work we go).

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