Episode 143: Winning Trading Is About Giving Up Freedom

by robbooker on April 22, 2013


Somewhere along the southern route of their Trade-for-a-Living Tour, outside of New Orleans, your host Rob Booker and Bradley Fried have a rambunctious conversation with Brian, a seasoned trader who has a lot of hilarious and insightful thoughts to share. Brian talks about the difference between trader experts and expert traders. He also talks about the two kinds of people who can teach you to trade. And in this episode, Rob, Brad and Brian discuss how trading is not about freedom; trading is about restricting your actions to what works.

Rob asks Brain what to do if you’re in a losing trade. And Brian describes the big problem with fundamental analysis. Rob and Brad make some observations about precious metals (namely gold). Brad says there’s something that you can learn from everyone. And these three traders talk about wasting weeks (and years) thinking about the way things should be, versus dealing with things as they presently are. And Brian also describes what you need to come to grips with, in order to make progress as a trader. All of this — and so much more — here on The Traders Podcast!


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