Episode 77: The Magnitude of the Trading Forces Against You

by robbooker on September 3, 2012

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In this show Rob Booker talks with Scott Welsh, a professional trader and tennis pro who coaches peak-performance athletes. You’ll hear Rob and Scott address the question, “Who are the so-called ‘Big Boys’ on Wall Street, and how can the common trader compete with them?” Rob explains why there isn’t really a winner for every loser, and he discusses why a zero-sum game in trading is a ridiculous notion. Scott warns against letting anything external psych you out of your trading.

Rob and Scott also discuss questions relating to the magnitude of a trader’s wins, such as how does one know when one has a big enough win? Rob talks about those poor souls who don’t close-out their winning trades, and Scott describes his process for determining his winners.

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Follow Scott on Twitter: @SWelsh66

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