Episode 83: Protecting Yourself From Yourself

by robbooker on September 24, 2012

Play

In this episode Rob Booker interviews Hubert Senters of Trade the Markets.com. Hubert is a veteran trader of more than 20 years. He shares a number of interesting details about his own trading career: Hubert talks about how long he trades each day, and Rob and Hubert discuss when to quit if you’re having an off day. Hubert describes some rules that he has in place in order to protect himself — from himself, and Rob talks about these rules in terms of “catalytic mechanisms.”

Rob asks Hubert if he gets emotional while trading, and Hubert discusses his method for coping with getting angry after losing money. They also talk about how many monitors Hubert has in his trading office (and how many of those he actually uses). Rob asks Hubert about the book he’s been writing, and Hubert goes all the way back to the beginning, explaining how an unseemly job at a dairy farm eventually led him to where he is today. All of this and more — on The Traders Podcast. Join us!

Links for this episode:

Trade the Markets.com

On Twitter: @HubertSenters

{ 1 comment… read it below or add one }

Christina February 18, 2016 at 7:16 pm

Read as many books (as you can) on trdaing, trdaing money management trader psychology.The game in FX is to make more money on your winners than your losers. Its perfectly OK to lose 60% of your trades (OK and not unusual) . Trading strategy is important but in FX it’s not nearly as important as trdaing money management.If you don’t know this by now . you haven’t read enough or read the right books.Start with Kathy Lien’s and Boris Schlosbergs book: Millionaire TradersThen read a new book on trdaing every month or two.Here’s another great book . it’s no an FX book . but it’ll help;Trading In The Zone, Mark Douglas

Reply

Leave a Comment

Previous post:

Next post: