Episode 228: When You’re Trading for the Long Term

by robbooker on February 12, 2014

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Episode 228 of The Traders Podcast begins with your host Rob Booker following up on what happened with his attempt to purchase bitcoin earlier this week. Next Rob talks about how in 2014 he has switched to trading for the bigger trends and the bigger moves. Rob is now going for much longer term trades, working from the four-hour charts.

To illustrate Rob’s philosophies on long-term trading, he tells a true story about his friend, Matt, who wanted a two-seater, Mercedes coupe (circa the year 2000) but only wanted to pay a certain price for it… This story leads into a follow-up story about how Matt’s experience influenced Rob’s actions when he found himself in a comparable situation. So, if you’ve been considering trading for the long term, Rob gives you some tips in Episode 228. Don’t miss it! Thanks for listening.

Links for this episode:

Twitter: @RobBooker

TFL365.com

The Traders Podcast on Twitter: @TradersPodcast

E-mail us! Producer@TradersPodcast.com

{ 2 comments… read them below or add one }

fxoutlier February 12, 2014 at 4:14 pm

If you’re going to have a mailbag episode I’d like to ask, ” Are we ever going to get an update on Duane the Meticulous Trader and did he get around to writing a book?”

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Ravi February 13, 2014 at 11:45 am

I’m loving these podcasts and I’ve been listening since end of last year. My mailbag questions would be: What’s your take on the often repeated 95% of all forex traders fail? (I wouldn’t be surprised if you haven’t already covered this, but in case you haven’t.. ) What would you consider to be the single-most valuable thing you’ve learned trading? Also, what’s up with the Myfxbook.com feed in the sidebar? It hasn’t been updated since July 2013. Thanks for the awesome podcasts!

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