Ep 601: Understanding Where You Are in Trading

by Natalie Pyles on March 15, 2018

 

If you want to be a profitable currency trader, you need to understand where you are and where you’re going. It just makes sense. If you want to drive somewhere, you need to first understand your present location before determining which direction you should travel next to arrive at the desired destination. The same goes for trading: Before you can concern yourself with which direction the market is going, you first need to understand where it is at the present moment.

In Episode 601 of The Traders Podcast, your hosts Rob Booker and the producer Jason Pyles begin this first of a two-part series about Understanding Where You Are in Trading, which will be followed by our next episode, Understanding Where You Are Going in Trading. Join us!

Be sure to check out Rob’s book about day trading the cryptocurrency market. You can receive it for free here:RobCoin.com

Links for this episode:

Subscribe to Rob’s YouTube channel here: https://youtube.com/robbooker
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Ep 600: Establishing Your Trading Setup and Processes

by Natalie Pyles on March 13, 2018

 

Without any fanfare or pomp and circumstance, we bring you Episode 600 of The Traders Podcast, featuring your hosts Rob Booker and the producer Jason Pyles. During this show, Rob and Jason talk about a typical currency trader’s happy tendency to discover his or her preferred setup.

Over time, usually within two to three years, most traders settle into a particular methodology, complete with corresponding preferences and comfort zones. Naturally, one can’t always have the precise setup that one would like, but one can still strive to maintain that consistent traders’ “happy place.” And of course, each trader’s station and methods will be unique to that individual.

If you haven’t established your trading setup and processes that make you comfortable and happy as a trader, then you’re missing out on an enjoyable part of an important process that no one ever talks about. Build a trading space that’s inspiring to you, and you will be inspired while trading! We’d love to see your setup. Send us a picture to 304.281.8332.

By the way, you can receive Rob’s free book about day trading the cryptocurrency market by visiting RobCoin.com And check out Jason’s movie podcast friends at Movie Podcast.Network MoviePodcast.Network.

Links for this episode:

Subscribe to Rob’s YouTube channel here: https://youtube.com/robbooker
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Ep 599: Trading Without Witnesses or Distractions

by Natalie Pyles on March 8, 2018

 

In Episode 599 of The Traders Podcast, your hosts Rob Booker and Jason Pyles discuss the phenomenon where observation changes behavior. Rob talks about the benefits of trading alone, without distractions and without the presence of others. Trading while others are present, especially if the bystanders are actively watching you trade, will affect your performance. Listen to learn more about this phenomenon and how it pertains to your profitable training.

Every Tuesday and Thursday we bring you new episodes of The Traders Podcast. Subscribe free in Apple Podcasts (iTunes) to make sure you don’t miss a single release!

And if you’re interested in learning more about cryptocurrencies, visit RobCoin.com to check out Rob’s new book, “The Complete Guide to Day Trading Cryptocurrency.” Thanks for listening to The Traders Podcast!

Links for this episode:

Subscribe to Rob’s YouTube channel here: https://youtube.com/robbooker
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Ep 598: How to Become Great at One Trading Strategy

by Natalie Pyles on March 6, 2018

 

How does one become a great currency trader? In Episode 598 of The Traders Podcast, your hosts Rob Booker and the producer Jason Pyles suggest that you focus on becoming great at one trading strategy. And in order to become great at one strategy, you just need to start taking trades. In short, the best way to find a successful trading method is to actually implement it. But if you’d like to hear a more in-depth explanation, listen to Episode 598. Join us!

The Traders Podcast brings you new episodes every Tuesday and Thursday. You can subscribe free in Apple Podcasts (iTunes) to make sure you don’t miss a single release! And by the way, if you’re interested in learning more about cryptocurrencies, visit RobCoin.com to check out Rob’s new book, “The Complete Guide to Day Trading Cryptocurrency.” Thanks for listening to The Traders Podcast!

Links for this episode:

Subscribe to Rob’s YouTube channel here: https://youtube.com/robbooker
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In Episode 597, your host Rob Booker tells Jason the producer about his recent trip to London for a large traders’ conference, where he caught up with some inspiring currency traders. Rob’s take-away message that he wanted to pass along from those who trade profitably to those who are still learning to trade profitably is to get something going and then leave it alone. And for automated traders, the message is to stop touching your robot.

In this show we talk about how traders tend to micro-manage every little aspect of a trade. We keep trying to tweak and adjust and fix things that might very well run a favorable course on their own, without any intervention or interference. Join us to learn more!

And if you’re interested in learning more about cryptocurrencies, visit RobCoin.com to check out Rob’s new book, “The Complete Guide to Day Trading Cryptocurrency.” Thanks for listening to The Traders Podcast!

Links for this episode:

Subscribe to Rob’s YouTube channel here: https://youtube.com/robbooker
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In this episode of The Traders Podcast, your hosts Rob Booker and the producer Jason Pyles discuss Step 3 of 4 in their four steps to currency trading: test one strategy. Now, to be clear, this counsel should not be confused with the advice that says to pick one indicator and stick to it. That’s not what we’re talking about. We’re talking about testing a singular strategy for success. To learn more, join us!

If you have interest in learning about cryptocurrencies, visit RobCoin.com to check out Rob’s new book, “The Complete Guide to Day Trading Cryptocurrency.” Thanks for listening!

Links for this episode:

Subscribe to Rob’s YouTube channel here: https://youtube.com/robbooker
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Some of the most valuable advice is often the simplest. Occam’s razor, right? The best choice also happens to be the simplest.

Much like the Old Testament story of Naaman, the Syrian, who sought to be healed of leprosy through the prophet Elisha. When Elisha instructed Naaman to wash in the Jordan River seven times to be healed, Naaman initially refused. Naaman’s servant asked, “If the prophet had bid thee do some great thing, wouldest though not have done it?” Then Naaman humbled himself, washed seven times and was healed. (2 Kings 5)

Traders are often very similar to Naaman in this story, afflicted by the leprosy of loss. When they are given plain counsel such as, “Don’t lose money,” they think it’s too straight-forward, too obvious, and they dismiss it. What percentage of traders who have been listening to this series of episodes has been following every step Rob Booker has prescribed thus far? Join us in Episode 595 of The Traders Podcast to hear Step 2 of Rob’s Four Steps to Currency Trading: Don’t Lose Money!

If you have interest in learning about cryptocurrencies, visit RobCoin.com to check out Rob’s new book, “The Complete Guide to Day Trading Cryptocurrency.” Thanks for listening!

Links for this episode:

Subscribe to Rob’s YouTube channel here: https://youtube.com/robbooker
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The goal for most people is to learn how to trade for a living. Recently on The Traders Podcast, we’ve talked about learning how to lose and learning how to win and stop. In Episode 594, your hosts Rob Booker and the producer Jason Pyles discuss two other goals: the modest endeavor to make just one dollar, and then the ambitious goal to make $1,000 per day! This might sound ridiculous, but to most people out there, trading for a living also sounds ridiculous.

Generally speaking, we usually hit the goals that we set for ourselves. But if you want to reach beyond what you’ve been able to accomplish previously in trading, then you need to change what you’re doing. And to be clear, it’s not a matter of merely doing more of what you’ve been doing; we’re talking about seeking an approach that’s altogether different from what you’ve done in the past. It’s time to start something new and to rethink your approach to trading. Join us for Episode 594 to learn more about how to trade profitably!

By the way, if you have any interest in the wonders of cryptocurrencies, visit RobCoin.com to check out Rob’s new book, “The Complete Guide to Day Trading Cryptocurrency.” Thanks for listening to The Traders Podcast.

Links for this episode:

Subscribe to Rob’s YouTube channel here: https://youtube.com/robbooker
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Ep 593: Next Learn How to Win and Stop

by Natalie Pyles on February 15, 2018

 

Good morning and welcome to Episode 593 of The Traders Podcast! Your host Rob Booker and producer Jason Pyles have a great podcast for you today. If you haven’t already, you should go back and listen to Episode 592: First Learn How to Lose.

Now moving on! Rob teaches you how to make a $1,000 a week and, here’s the crucial part: and then how to stop.

Here’s a question: What can you buy for $1 a week? Answer: Not much. But, if you develop the patience needed to just make $1 a week for 4 weeks and then stop, then you have everything you need to grow into a profitable trader. Rob teaches traders everyday how to do this.

Once the discipline to stop is in place when you’ve earned a dollar, try to make $2 a week and then stop. You’ll have to learn how to quit while you’re ahead. You’ll have to learn to “stop when you’ve lost, and stop when you’ve won.”

“Trading is the game of knowing when to stop.” And, little by little you can learn to make $1,000 in a week and stop.

Check out Rob’s Trading System at RobBooker.com.

Are you finally ready to learn about Cryptocurrencies? You can visit RobCoin.com to receive Rob’s new book, “The Complete Guide to Day Trading Cryptocurrency.” Thanks for listening to The Traders Podcast. Every Tuesday and Thursday we release new episodes. Subscribe free in Apple Podcasts to make sure you don’t miss any new episodes!

Links for this episode:

Subscribe to Rob’s YouTube channel here: https://youtube.com/robbooker
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Ep 592: First Learn How to Lose

by Natalie Pyles on February 13, 2018

 

Here comes the cold water. Everybody wants to learn how to win at trading, but very few traders are willing to even consider — let alone follow — tried and true counsel for doing what it takes to become a profitable trader. In Episode 592 of The Traders Podcast, your hosts Rob Booker and the producer Jason Pyles discuss how first learning how to lose is a necessary precursor to learning how to win.

Any great fighter will tell you that it’s imperative to learn how to take a hit. Sure! It’s always advisable not to get hit at all, but that’s just not the reality of boxing or trading. Perhaps you’ve heard the expression, “Don’t lose your shirt while trying to make a suit.” Or it might sound trite, but it’s true: Our greatest moments are born out of what we learned from our most spectacular failures. Join us for Episode 592 to learn more, if you think you’re ready to do what it takes to win.

Also, if you’re curious about the cryptocurrency market, you can visit RobCoin.com to receive Rob’s new book, “The Complete Guide to Day Trading Cryptocurrency.” Thanks for listening to The Traders Podcast. Every Tuesday and Thursday we release new episodes. Subscribe free in Apple Podcasts to make sure you don’t miss any new episodes!

Links for this episode:

Subscribe to Rob’s YouTube channel here: https://youtube.com/robbooker
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