Episode 208: The Loser Trader, the Confident Trader

by robbooker on December 4, 2013

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Episode 208 is a sifting episode — a Traders Podcast episode to help separate the sheep from the goats, or more precisely, the Loser Trader from the Confident Trader. In this show, your host Rob Booker will describe the characteristics of the Loser Trader versus the characteristics of the Confident Trader. Which one are you?

Rob says the Loser Trader is obsessed with loss and all the “could have beens” and “should have dones.” The Loser Trader wastes time thinking about losses. His previous trade affects his next trade. He wishes he could have his money back. The Loser Trader often allows himself to feel guilt, sorrow and shame.

Next Rob contrasts the Loser Trader with the mind of the Confident Trader, the trader who lives a simple life and never dwells on the past. The Confident Trader’s goal is to practice right trading, not to make a certain amount of money per day. The Confident Trader has an infinite time horizon. In Episode 208 Rob spends time describing both types. Again, we ask you to ponder… which kind of trader are you?

Links for this episode:

TFL365.com

Rob on Twitter: @RobBooker

The Traders Podcast on Twitter: @TradersPodcast

E-mail us! Producer@TradersPodcast.com

Trader Interviews.com

{ 4 comments… read them below or add one }

FELIX December 5, 2013 at 3:02 pm

HI ROB

I LOVE THE PODCAST, I LIVE IN THE BALEARIC ISLANDS AND I HOPE YOU COME SOMEDAY HERE TO TAKE THE SUN AN OPEN AN ACADEMY.
I CANT FIND ANY LINK THAT WORKS TO DOWNLOAD THE WALLABY,CAN YOU TELL ME WHERE DOWNLOAD IT.
POSDATA:
.I’M HEARING ALL THE PODCAST FROM THE NUMBER ONE TILL THE SEVENTY SEVEN AND I STILL.

FELICIDADES

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Rodney January 25, 2014 at 2:01 pm

Best one yet!

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JavierHinojo May 24, 2014 at 9:03 am

Rob,
By far one of the best Pod casts! I listen to this at least once per day. Sometimes 5-6 times a day. Keep up the good work. I really enjoy Rob El Negro.

Javier

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Jonathan January 25, 2015 at 3:17 pm

I just discovered your podcast a few days ago and I must say after listening to about 20 episodes this is by far my favorite so far! Keep up the great work!

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