Episode 96: Election Day 2012, Trading the Problem Not the Solution, and Who to Follow on Twitter

by robbooker on November 7, 2012

Play

Episode 96 was recorded on the morning of U.S. Election Day 2012, so your host Rob Booker begins by offering a few thoughts on this particular race between President Barack Obama and Governor Mitt Romney. More specifically, Rob asserts that the Markets follow the problems of the day and not necessarily the leader who’s elected afterward.

In short, as traders, we don’t really look for the next election; instead, we’re looking for the next problem. The opportunities in trading occur when the problem happens. Rob discusses what it means when you cast your vote for a particular individual. And in this episode, Rob also talks about the words “hope” and “change” and how hope isn’t a trading strategy.

In this show Rob also makes some endorsements of his own by listing off the names and Twitter handles of people and organizations that he trusts and follows which analyze the markets or bring you pertinent news. Rob looks at where we get our information, where we get our facts, and where do we get some interpretation of those facts in order to get a better understanding of what’s actually happening. Check out Rob’s list of recommendations below, and be sure you don’t miss this episode!

Links for this episode:

For fundamental analysis after an event occurs:
Ashraf Laidi of City Index = @alaidi
Kathy Lien at BK Asset Management = @KathyLienFX
Boris Schlossberg at BK Forex = @FXflow

For real-time news information in short bursts:
Reuters Insider = @ReutersInsider
Reuters Top News = @Reuters
Bloomberg Now = @BloombergNow
RT = @RT_com
Fox Business = @FoxBusiness
Breaking News = @BreakingNews

Jason’s Mostly Movie-Related Twitter Recommendations:
Rob Booker = @RobBooker
The Traders Podcast = @TradersPodcast
Instant Netflix = @Instant_Netflix
Dave Becker’s DVD Infatuation = @DVDinfatuation
Film critic Eric D. Snider = @EricDSnider
Jason = @MovieCastWeekly

{ 2 comments… read them below or add one }

Neal Gilbert November 7, 2012 at 4:42 pm

Rob,

I like your list for Twitter followers, and it is good to know that we would place many of the same people on the top of our respective lists. Here are a few more for your listeners that I find useful:

Trading & Comedy:
Brian Lund – @bclund
Joe Weisenthal – @TheStalwart
Josh Brown – @ReformedBroker
Katie Martin – @Katie_Martin_FX

Breaking News:
Zero Hedge – @ZeroHedge
Forex Live – @ForexLive
Efthimia Efthimiou – @EfiEfthimiou (specific to Greece)

Because I’m a Nerd:
Neil DeGrasse Tyson – @neiltyson
Scientific American – @sciam

Reply

Curtis Jack November 9, 2012 at 11:05 am

Does anyone remember the name of the trader who bought his nice car, and multimillion dollar house, at the very beginning of his career? I remember Rob talking about this in a previous episode, but can’t find it.

Reply

Leave a Comment

Previous post:

Next post: