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Ep. 638: Looking to the Future Like Elon Musk

Welcome to the Traders Podcast Episode 638! Today your host Rob Booker indulges a current event question from Jason about Elon Musk’s recent investigation-stirring tweet.

This guy lives in the future. For traders it begs the question, “What kind of trader would a future-dweller be?”

A trader oriented in the future who is sitting on a lot of losing trades will be motivated to do something about it: close positions, hedge positions, etc.

A trader in the “now” will vacillate between worry and acceptance.

A trader living in the past will be replaying the movie of his past in his head.

Remember that Murphey’s law doesn’t state that whatever that is bad that could happen will happen; it just states that whatever can happen will happen.

Could you start and end every day with a bet about chaos? Could you benefit from that? Rob’s not sure yet, but he knows that things don’t stay where they are. There will be shocks to the system. Ask yourself, “what trade could I take that would benefit from an implosion of the status quo?”

Listen in for a great conversation that also circles around to The HBO hit Succession, Bitcoin and the upcoming Traders Rap! Thanks for tuning in!

Be sure to visit RobTrends.comto learn about Rob’s brand-new indicator and trading system!

Remember, if you want to learn more about cryptocurrency, you can get Rob’s free book at RobCoin.com! Thanks for listening to The Traders Podcast. Read More

Ep 635: Learning How to Make Money Trading

Sometimes the events of the news don’t have to be strictly financially related in order for us to glean some truth about trading. In Episode 635, your host Rob Booker and the producer Jason Pyles discuss the recent, heroic rescue of the boys trapped in a cave in Thailand. We talk about pressure and deadlines. We also discuss rising to the occasion and calling upon reserves of strength and determination precisely when they’re needed. Rob also draws a parallel with the beginning of a trader’s career and the seemingly long, dark tunnel to attaining the status of a profitable trader.

In Episode 635, Rob also talks getting back on track at the last point where you knew you were still on course. We discuss the occasional necessity of having to repeat portions of a journey. Many traders find this very humbling and discouraging, but Rob talks about how it’s often a necessary part of the learning process. We also hear the story of David, a trader who Rob repeatedly challenged to make one dollar a day. Listen to hear what David eventually learned! Join us!

Be sure to visit RobTrends.comto learn about Rob’s brand-new indicator and trading system!

Remember, if you want to learn more about cryptocurrency, you can get Rob’s free book at RobCoin.com! Thanks for listening to The Traders Podcast. Read More

Ep 634: Scott Heywood on Surviving to Trade Tomorrow (and Next Week)

Continuing on with our interview series, Episode 634 of The Traders Podcast brings you the wisdom of Scott Heywood. He talks about his primary trading goal of just surviving to trade tomorrow and next week!

Scott says he doesn’t consider himself a trend trader or even a counter trend trader. He doesn’t make his decisions to trade based on whether a pair is trending. Scott talks about getting his news from Twitter, though he doesn’t let that information worry him or affect his approach to trading.

Scott also talks about his preference of having freedom and flexibility in his schedule rather than adhering to a daily trading routine. Scott does, however, have a weekly routine that he describes during this podcast. When asked how long it takes for a person to learn to trade for a living, Scott explains why it could be anywhere from six months to six years, depending on the individual. He also discusses the value of time and experience. Join us to hear more!

How to get in touch with Scott:

Website: Tenfortyone – Sign up for Scott’s newsletter!

Scott’s favorite book: Zen in the Martial Arts

Be sure to visit RobTrends.comto learn about Rob’s brand-new indicator and trading system!

Remember, if you want to learn more about cryptocurrency, you can get Rob’s free book at RobCoin.com! Thanks for listening to The Traders Podcast. Read More

Ep 631: The Genesis of a Traders’ Rap

In a very unusual episode of The Traders Podcast, your host Rob Booker talks with the producer Jason Pyles about some of the themes of trading, including the perpetual pursuit of more time, money and influence.

Traders are also commonly subject to disappointment, heartbreak, depression, confusion, anger and self-sabotage. Traders are also full of hope and desires for fast cars and a beach-side life. Rob also discusses the characteristics of traders who “come up hard” by starting out in the traders’ school of hard knocks, so to speak.

Rob also commissions Jason to complete an intriguing task! Using some of the themes mentioned above, Rob hires Jason to write and record a traders’ rap song! Join us to hear more!

Be sure to visit RobTrends.comto learn about Rob’s brand-new indicator and trading system!

Remember, if you want to learn more about cryptocurrency, you can get Rob’s free book at RobCoin.com! Thanks for listening to The Traders Podcast. Read More

Ep 630: The Clarity That Comes From Disappointment

Episode 630 of The Traders Podcast addresses a prominent condition of currency trading: disappointment. In this show, your host Rob Booker and the producer Jason Pyles discuss the clarity that comes from disappointment. We also talk about the way we conduct ourselves in the presence of various people, due to perceived expectations, and how this phenomenon carries over into our trading. For some traders, the way they think about their trading is a direct reflection of how they talk about it with the people in their lives.

And during this show Rob also talks about the unproductive thinking pattern of, “If I could just … then everything would work out.” That way madness lies… Speaking of lies, we also talk more about our favorite topic, self-sabotage! So listen to learn more!

Remember, if you want to learn more about cryptocurrency, you can get Rob’s free book at RobCoin.com! Thanks for listening to The Traders Podcast.

And be sure to visit RobTrends.comto learn about a brand-new indicator and trading system! Read More

Ep 629: Principles of Trend Trading

Welcome to Episode 629 of The Traders Podcast, featuring your host, Rob Booker. During this show, Rob discusses how trend trading is accompanied by inherent weaknesses and obstacles that can’t be avoided. Even so, many traders still believe in trend trading as if it were “a trading religion,” of sorts. In fact, it seems that some traders are unable to imagine a world where anyone wouldn’t want to be a trend trader. So, given its prominence, Rob takes some time to focus on the principles of trend trading.

To chat or debate about trend trading, reach out to Rob on Twitter @RobBooker or text him at 304.281.8332. Or you’re welcome to leave a comment in the show notes for this episode. And be sure to visit RobTrends.comto learn about a brand-new indicator and trading system!

And if you would like to learn more about cryptocurrency markets, you can receive Rob’s free book at RobCoin.com! Thanks for listening to The Traders Podcast. Read More

Ep 627: Should Traders Follow the Rules or Not?

Welcome to a special edition of The Traders Podcast. Here in Episode 627, your usual host Rob Booker is traveling, so Jason the producer welcomes back guest host “The Coach” Scott Welsh! Scott asks a very simple question: Should traders follow the rules or not?

To tease out this mystery, Scott recounts his firsthand experience with a tennis student who followed all his coaching rules perfectly — to the letter. Scott talks about the great success this student found while following the structure that he put in place for her. Jason and Scott also discuss how some people actually ask for strict rules and why those people often do better!

But we also examine the downside to rules: What happens when the rule-maker disappears? What if the rule-follower no longer has problem-solving skills? Scott also spends some time talking about the concept of guidelines, an inevitably, he delivers a verdict on his initial question! But you’ll need to listen to find out more! Join us!

If you would like to learn more about cryptocurrency markets, you can receive Rob’s free book at
RobCoin.com! 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 626: Absence Makes the Heart Grow Fonder

There are a number of expressions that can easily be applied to currency trading. For instance, the idea of “beginner’s luck” or not being able to “see the forest for the trees.” Many of these notions seem to hold true, including the suggestion that “absence makes the heart grow fonder.” Obviously, that expression speaks to human relationships, but any trader can attest that he or she has a relationship with trading, as well.

In Episode 626 of The Traders Podcast, your host Rob Booker and the producer Jason Pyles talk about reinvigorating your creativity through taking a breather and then giving your trading a fresh start. Perhaps it’s time to explore a new platform, just for kicks. Maybe even take a look at a brand-new trading instrument. The idea is to stop the stagnation and break out of your daily rut. If you take a break from the market for a week, then when you return, note whether you see things differently! Try it out and let us know how it goes. Thanks for listening!

Oh, and if you would like to learn more about the cryptocurrency markets, you can get Rob’s free book by visiting RobCoin.com to get Rob’s free book! 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 625: Where Versatility and Proficiency Intersect in Trading

In Episode 625 of The Traders Podcast, your host Rob Booker might not sound like himself, but rest assured, it’s the real Rob!

During this unusual show, Rob draws parallels between the versatility of character actors and the necessity of having similar versatility as a currency trader. Rob suggests that traders should consider being versatile in a few financial instruments while developing a certain degree of proficiency in trading them.

In short, we’re talking about that sweet-spot where versatility and proficiency intersect in trading. Rob also tells us what his three favorite picks are (plus an honorable mention). Join us to hear more!

And by the way, if you haven’t done it yet, visit RobCoin.com to get Rob’s free book about the cryptocurrency market! 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 624: Coming Back From a Terrible Decision

Welcome to The Traders Podcast, Episode 624! Today your host Rob Booker and producer Jason Pyles dissect a trading mishap that Rob had recently. He took some trades with the NZD/USD and the NZD/CAD. You might think that after 19 years of trading, Rob would tend to “follow the rules,” but sometimes he likes to improvise a little, while primarily sticking to his usual guidelines.

Occasionally, you may even want to venture into a trade that breaks your rules, so you can learn from managing that experience. You can cut it off immediately, sure. But, there are significant lessons that can be gleaned having an open position that goes the wrong way. Join us to hear more!

If you would like to learn more about the cryptocurrency market, you’re welcome to visit RobCoin.com to get Rob’s free book! Thanks for listening to The Traders Podcast.

Links for this episode:

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