In Episode 179, we bring you a little treat that’s a change of pace… Your host Rob Booker loves to hear what our fellow trading friends are thinking about — especially when those friends are Matt LaCoco and Shonn Campbell. Naturally, Rob sent them a digital audio recorder to capture their conversations about trading. … Naturally.
So, what you’re about to hear is a 20-minute excerpt of what was originally a 70-minute conversation between Shonn and Matt as they hang out at The Cigar Shop. This episode is a lot of fun, but it takes a little bit of concentration to listen to because there’s a great deal of ambient noise in the background, including a fountain and other people’s voices. But we sometimes like to capture the raw conversations that traders have “out in the field.”
Matt and Shonn discuss a number of topics, including the pitfalls of investing too much time and effort into trading; adding to — and over-complicating — your charts; why the “Great Bear of Wall Street” himself, Jesse Livermore, wasn’t a big deal after all; an unhealthy fascination with the machismo method for making money; several “don’ts” that are indicative ways to tell if you’ve already lost; why it’s difficult to trade strictly from indicators and the idea that perhaps planning out a trade on indicators isn’t really planning a trade at all; and if you can believe this — Matt and Shonn also cover some ground that we’ve probably never talked about on The Traders Podcast before: the secret to training your kids to be good traders.
Don’t miss it — this fun episode is worth your time. Thanks, Shonn and Matt!
Links for this episode:
Follow Matt on Twitter: @MattLaCoco
Follow Shonn on Twitter: @PlateauTrader
Rob on Twitter: @RobBooker
The Traders Podcast on Twitter: @TradersPodcast
E-mail us! Producer@TradersPodcast.com
Tagged as: currency trading, episode 179, forex, great bear of wall street, indicators, investing too much thought into trading, investing too much time into trading, jason pyles, jesse livermore, machismo method for making money, matt lacoco, professional trader, rob booker, shonn campbell, the cigar shop, the traders podcast, trading career, trading for a living, trading from home, trading method, trading strategies, trading strategy, trading success, training your kids to trade