Happy Monday Traders Podcast listeners! Today on Episode 442 your host Rob Booker addresses all of the traders out there who want a fresh start! Come with Rob to a deserted island for some super great analogies.
First, Rob invites us to master the principles of support and resistance. It’s not the holy grail, but it’s important. Now, next on the list is to decide which indicators should we have. Rob lets listeners in on exactly which ones he likes. Rob recommends readingThe Alchemist to help switch our mindset on systems and solutions. OK, now we are trading with the trend. The next key is the pacing of our trades and Rob makes this very clear for us.
And, even though we are on a deserted island, we need to have some rules: Reduce your trade size so you never take a big loss. Do what’s easy. Compound small wins. And, take responsibility for your situation. The captain is dead. We ate him.
Thanks for listening!
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