Episode 220: Having an Interest in Trading vs. Actually Trading

by robbooker on January 15, 2014


In Episode 220 of The Traders Podcast, your host Rob Booker catches up with “The Coach” — Scott Welsh, co-creator of the Bossilator course and a peak-performance instructor who resides in Columbus, Ohio. Rob talks to Scott about goal-setting with a robot, and Scott discusses the crucial chasm and transition between having a desire to attempt trading versus actually starting to trade. Rob and Scott spend some more time talking about automated trading in 2014 and many other great topics, so tune in! Thanks for listening.

Links for this episode:

Scott’s Blog

E-mail Scott: ScotWelsh ( AT ) gmail ( DOT ) com

Scott on Twitter: @SWelsh66

We also recommend listening to this popular episode featuring Scott Welsh: Ep. 34: Peak Performance Athletics and Trading for a Living From Home


Rob on Twitter: @RobBooker

The Traders Podcast on Twitter: @TradersPodcast

E-mail us! Producer@TradersPodcast.com

{ 4 comments… read them below or add one }

Carlos Punzalan January 16, 2014 at 1:47 am

Hi Rob. This comment of mine refers to Episode219: Long vs Short Term Trading.
I am listening and having a lot of fun in almost all of your Podcast ( now in episode 153 in reverse order ). Nice job, very entertaining and educating at the same time.

To be honest, having 2 years of experience analysing currencies, I came to a point where I realised that the only thing to beat or solve in the currency space or in any other financial markets is “Volatility” ( in my opinion , the ever minute to years of changing views about its current state and that’s why it ticks… ).

I’m in the camp of holding positions, either buy or sell or the combination of both for the longest possible time or forever for consistent capital appreciation. The way I see it or to do it
is through Regression. I’m working on it for a year now and it allows me to hold 12 Currency Pair and yet just controlling 1.

Please go figure it out, it may give some insights that no Brokers would want. Just kidding.

Thanks. More Podcast!


robbooker January 16, 2014 at 12:05 pm

Carlos, I agree completely. I love this idea of yours, and I look forward to hearing more from you about the work you are doing.



Carlos Punzalan January 16, 2014 at 6:10 pm

Hi Rob. Thank you for your reply. I appreciate it. I’m working it alone, figuring it out myself without any one to guide. I’m not an economist nor mathematician but I think my experience in equities and now in currencies brings me to this idea of Regression. This is not the “Mean Reversion” but rather new concept or method or whatever we can call it for taming volatility ( at least in currencies but not all pairs ).

Sorry, but I’m not a Technical Trader ( I don’t even understand the word Technical ). I’m more to analysing , internalising , rationalising (whatever ) the things that I do. I don’t even consider myself Fundamentalist. If I have a view on something, I put logic in it. Taking the vantage point.



Carlos Punzalan January 16, 2014 at 6:20 pm

Variables :

Dependent ? – ? – ? – ? – ? … (Product)

Independent 1 – 2 – 3 – 4 – 5 …
Independent 1 – 2 – 3 – 4 – 5 …

Dependent ? – ? – ? – ? – ? … (Quotient)


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