Episode 234: Cut Losses Quickly and Allow the Winning Trades

by robbooker on March 5, 2014

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This episode opens with your host Rob Booker and Jason the producer taking an unintentionally alienating stroll down Memory Lane by perusing Google Maps… Next we read a comment from Ryan about his long-term trading, which leads Rob to quote from his friend Tim Sykes’s blog post about his 64 trading rules. Rob talks about the importance of cutting losses quickly and allowing your winning trades to run their course. We think you’ll enjoy Episode 234, so please check it out. Thanks for listening!

Rob’s Trifecta Trading System for day trading

Other links for this episode:

Rob on Twitter: @RobBooker

The Traders Podcast on Twitter: @TradersPodcast

TFL365.com

E-mail us! Producer@TradersPodcast.com

Trader Interviews.com

{ 2 comments… read them below or add one }

Suko Higuchi March 9, 2014 at 4:06 am

Next show, riding out huge losses under extreme pressure, Bill Ackman.

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Ryan Herron March 22, 2014 at 11:44 pm

Yep. You got it pretty much right, rob. Cut it within an hour or let it run for a few days. It is dang hard though, mentally. Cant wait to meet up again as well. Maybe ill be the one to pay for dinner this time…you like gas station nachos? Lol

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