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!