Episode 301: Jeff Bezos, Ebola and Trading

by robbooker on October 27, 2014

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In Episode 301 of The Traders Podcast, Jason the producer plays a couple of audio clips to hear the responses of your host, Rob Booker. The first clip is about Jeff Bezos of Amazon.com, and the next sound bite pertains to the Ebola outbreak. And finally, Rob answers a voicemail from Brian F., who calls in from Mississippi. We had a good time recording this show, and we think you’ll have fun, too. Join us!

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{ 2 comments… read them below or add one }

BrianF October 27, 2014 at 9:31 pm

You are too kind. I sort of don’t like the limelight, so you know I’m liquored up during some of these posts, and definitely on a roll when I call in. I cringed when I saw my name in the show notes, “Oh God, what did I say now?” LOL!

Look guys, I’ve seen this idea grow in Rob’s mind over the last year or so, and only noticed it because it mirrored my own thoughts. In fact, he was trolled about his idea to trade smaller and build proficiency in handling a loser, which I thought way funny, it took me ten years to come up with that one. This isn’t a game about making money in any one trade, it’s a game about increasing our skill and proficiency, so that we can make small percentages off of a slowly compounding account. Increase your proficiency, and the process slowly builds up steam. On my desktop, I have a picture of a tightrope walker, the caption reads, “New traders spend their time trying to walk a tightrope 50 feet off the ground. Old trader know the money’s the same ten times at 5 feet.”

It’s compounding that will give you what you want, steady money, not big numbers on the day, week, or month. Big returns necessarily involve big losses. You don’t want big returns, you want steady returns to compound your account, so that in the end, a mundane return equates to big money.

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Fasna February 18, 2016 at 4:39 pm

You hit the nail on the head when you say that in the future (and in fact it’s right now), Forex trdiang has become very much a battle of codes and not a battle of wits. When it comes to short term and intra-day trdiang, the market moves way too fast for a human mind to do battle with a software program. As more and more people adopt trdiang algorithms to do it for them, the battle will only intensify with one clear winner the machines.VA:F [1.9.21_1169]please wait…(1 vote cast)VA:F [1.9.21_1169](from 0 votes)

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