jason pyles

Ep 643: What I Tell Every Trader who Asks for Advice

Rob gets about 100 social media messages a day and he loves it! He loves hearing from traders and talking about trades. When people asking him for trading advice he generally says the same two things, so this episode is dedicated to telling you just about the most important thing he can think of. Reduce your trade size and wait longer to get into the trade. Thanks for tuning in to Episode 643 of the Traders Podcast with your host Rob Booker. Read More

Ep 642: What is Your Motivation?

Have you ever wondered why you’re able to trade really well for a while when you need to make money, you pay off some bills, and then your success levels off?

In Episode 642 of The Traders Podcast, Rob talks about why we often trade better when we have pre-determined to use our profits to pay down debt.

There is something majorly motivating about working toward paying off debt. Let’s talk about why that is and how to structure our trading so that we can take advantage of this aspect of our psychology. Thanks for tuning in. Psst! And, stay tuned until the end of the show for a sneak peek of the Traders Rap beat!

Hey! If you’re are interested trading Forex check out ForestParkFX or give them a call at 877.557.3739 and get cash-back rebates on every trade you place. Read More

Ep 641: Are There Natural Laws of Trading?

Happy New Year! Your hosts Rob Booker and the producer Jason Pyles are back! Thanks for sticking with us.

In Episode 641, Rob and Jason announce the world premiere of The Traders Rap coming on January 31st! Are you ready for it? Get excited!

There are all kinds of natural laws of the universe. We see them all around us. But, are there natural laws of trading? Unfortunately, No. There are, however, probabilistic laws of trading. Read More

Ep 639: A Trading League of Our Own

Welcome to the Traders Podcast Episode 639! Boy are we glad to be back. Today your host Rob Booker, who’s 50% improved from a 7-day fever from the depths of you-know-where, regales us with his heroic recovery. And, he catches up with Jason on his summer and the rap.

Understandably, Rob hasn’t been discretionarily trading in these summer months, which isn’t uncommon. Robots are great though because you don’t have to do anything. They can keep trading for you even if you’re so sick you want to claw your eyeballs out and stick them in the freezer.

Here’s the big news: In August and September Rob is assembling a group of 500 traders to trade together. They’re going to be trading the same way with the same robot, so they really concentrate on each element of doing something. Rob likens this act of revisiting the fundamentals to a profound lesson he learned from a business partner years ago, who, before beginning a software install that he’d done numerous times before, did the most unthinkable thing. He read the owner’s manual. Please join us!

Thanks for tuning in!

Be sure to visit RobTrends.com to 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. 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 637: Simplify Your Trading, See More Success

Has your trading plateaued? Do you feel stuck in a rut? Traders commonly become impatient with the process because they just don’t feel like success is happening fast enough. How long should it take to become profitable? Many traders want to know how long until they can trade for a living.

In Episode 637 of The Traders Podcast, your hosts Rob Booker and Jason Pyles discuss how you can improve your trading by degrees and by eliminating the unnecessary aspects. Many traders further complicate their trading by trying to add to it, but ironically, trading tends to work better when you simplify your approach. Rob says we tend to think in terms of hours, minutes and days while the world of trading is measured in months, quarters, years and even decades. Listen to learn 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 636: A Trader’s No. 1 Goal Is to Reduce Drawdown

What is your No. 1 goal in trading? To make money? No.

In Episode 636 of The Traders Podcast, your host Rob Booker explains why your No. 1 “secret goal” as a trader is to reduce drawdown. Rob says a trader’s primary responsibility is to reduce drawdown and cut your losses. You want to avoid holding on to your losses for long periods of time.

During this question-and-answer show, the producer Jason Pyles also talks to Rob about a number of universal, trading-related queries. Rob says the famous phrase in trading is, “You can’t win if you don’t play,” but the phrase should be, “You can’t play if you don’t win.” Listen to this episode to learn how to win more! Thanks for joining us for The Traders Podcast.

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 632: Scott Welsh on Beating the Market

In Episode 632 of The Traders Podcast, your host Rob Booker poses a number of interview questions for guest Scott Welsh to answer at his leisure. In this show, we ask what it means to “beat the market”? Better yet, how does one beat the market? For Scott Welsh, beating the market means creating a return that is consistently higher than if you just bought and held the S&P 500 Index.

Scott is also asked if he is a trend trader, a counter-trend trader or if making such a distinction is nonsensical. Scott talks about the biggest mistake that new traders make. And he also discusses trading goals. We talk about how long it takes for someone to learn to trade for a living when doing discretionary trading. And of course, Scott “The Coach” Welsh incorporates some parallel metaphors from his years of experience in the tennis world. Oh, and it wouldn’t be a Scott Welsh episode if we didn’t discuss a little robot trading, as well. Join us to hear more!

How to get in touch with Scott Welsh:

Website: scottwelsh.me – Sign up for the weekly newsletter!
Twitter: @swelsh66
YouTube: Scott Welsh Trading. Beat the market – Scott Welsh. New YouTube videos release every Thursday!

Scott’s favorite book: Zen and the Art of Motorcycle Maintenance

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