Episode 156: The Price, the Balance and the Nature of Accomplishment

by robbooker on June 5, 2013

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In Episode 156, your host Rob Booker talks with Jared Johnson, the CEO, founder and president of Day Traders FX.com to respond to some listener feedback that we received from Chris about The Traders Podcast, Episode 44: Money Never Sleeps. During that old episode, Rob talks about how difficult it is to be the best at something, so he revisits this topic. Rob asks Jared if, as a successful trader, he gets to spend more time with his family and less time worrying about money. Rob and Jared discuss the balance between trying to be a successful trader at home while also navigating the demands of family life. Rob describes the oxymoronic lifestyle of being “a professional” from home. And Rob and Jared talk about the price and the nature of accomplishment, whereby one can choose to be mediocre at many things or one can streamline one’s focus and try to become the very best at a few things. Tune in to this fun and feisty episode of The Traders Podcast.

Links for this episode:

Day Traders FX.com

Episode 44: Money Never Sleeps

Twitter: @RobBooker

TFL365.com

The Traders Podcast on Twitter: @TradersPodcast

E-mail us! Producer@TradersPodcast.com

{ 6 comments… read them below or add one }

Brian Bice June 5, 2013 at 10:50 am

I’ve been working from home for 27 months and this discussion is SPOT ON! I was interrupted 3 times by my 2 and 4 year olds while listening to the podcast this morning. My office has french doors and closing the doors attracts the kids like bugs to a porch light. I actually get less interruptions by keeping the doors open throughout the day. Yes, I get aggravated sometimes when I’m on the phone and someone starts screaming in the background or I’m trying to focus and every two minutes my 4 year old daughter wants to ask me a question that seems nonsensical to me, but is vitally important to her at that very moment. And just this week, I accidently closed a trade when I was distracted by my wife and daughter asking me if I was going to stop for lunch (I have one-click trading setup on my platform). Thankfully for them it was a winning trade – LOL.

Distractions will come whether you’re in an office, at home or working in a monastery. Just do your thing! Some aspects of success suck. Someone or something will suffer. It’s up to us, as the individual, to be at peace with how we react to it.

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tracey June 5, 2013 at 12:47 pm

Dam straight!!! Jason has a sexy voice. Jason I suspected you had a cold earlier this week, Sweety you really should come with a warning sign. I really appreciated hearing the truth about the trials and tribulations a trader has to endure to get to the finish line. Admittedly I feel relieved that we all draw our own line in the sand and we have to find peace with the decisios we make. Rob, Jason and Jarred thanks for your honesty. Just for laughs, I was explaining to my partner, a set up that I was looking at, divergence trend line break, hook etc he said that is really good honey, you really know your shit. He then threw 50 cents at me and said buy the aussie. I laughed and thought shit I need to trade away from the house. It would be great to hear from women that trade and how they cope with their other half. Ps the aussie trade went for 50 pips

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Doc June 5, 2013 at 1:53 pm

Hey Rob and Jason:

Charlie Rose was interviewing Jack the golf legend about his golf career. If he had interviewed Jack about his family, you would hear a very different story.

When Jack won the 1986 Masters, his son Jackie was his caddie. With his success with golf and business, he piloted his private plane home on Fridays from various tournaments, to watch his sons play in their high school football games. He then returned to the golf tournament to play on the weekend. Guys that were trying to make the cut, weren’t likely doing that.

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robbooker June 5, 2013 at 2:07 pm

Doc,

I love what you have to say here.

Thank you for your comment!

Rob

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Jess Peletier June 6, 2013 at 2:04 am

Hi Rob and Jason,
I can relate to this podcast so much! I have always been a trader from home, from the moment I started learning I had my kids running around my ankles and this year, for the first time ever my 3 kids are all at full-time school.

I can confidently say that I have achieved more in this last 6 months than I did in the last 3 years, simply by having my own time to trade. No interruptions, no demands and hours a day of free time to totally indulge myself in my charts and test my ideas.

And because of this I do have time for my family. My weekends are free now because my work gets done during the week. I still am not 100% available to my family during the week – there are times when I need to get up during dinner to place a trade or whatever, but I figure it’s my job. If I was a nurse, for example, I wouldn’t be home at all – I’d be sleeping during the day and working nights – but I’m not good with gore so they’re lucky. 🙂

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ED Salas June 6, 2013 at 4:59 am

In the end, it’s all about the choices we all make. I call in absolute decision making, which is a skill NOT a lot of traders have and people in general.

Judgmental people in our current society expect everyone to have that perfect balance of work and home. Home-based traders have the hardest time in a balancing act. Members in the household will never get the notion of ‘I Am At Work’. On the flip side however, members of the same household bug you less ‘At Work’ if you have a regular, mediocre job offsite.

So that podcast listener that passed judgement on Rob, is just one jealous soul…and the only thing in this world that he is a master of is pass judgement. I call that a very horrible & terrible person.

If you want to be the best trader in the world, make that decision and just do it. Just bear in mind, equilibrium in other parts of your life will definitely suffer. Never apologize for it.

Thanks for your time.

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