the coach

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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Episode 318: How to Know “When You’ve Arrived” as a Trader

Happy Christmas Eve from The Traders Podcast! Your host Rob Booker and Jason the Producer welcome special guest Scott Welsh — The Coach! First, we listen to a voicemail from our friend, Yves, in Spain! Next we hear a brief audio excerpt from an interview that Rob recently had with Eddie Z of EZ Trading Computers, pertaining to how a trader knows when he or she has arrived as a trader. This leads to a discussion about the crucial role of confidence and much more! Pour some egg nog and don’t miss it!

The Traders Podcast is now on Soundcloud!

Links for this episode:

Rob and Jason’s new daily show! Rise and Shine Podcast

Call and leave us a voicemail: (801) 382-8789

Get our Traders Podcast App for iPhone

Get our Traders Podcast App for Android devices! Read More

Episode 316: Exploring the Secret of the 4 Percent

For Episode 316 of The Traders Podcast, we welcome The Coach Scott Welsh as our guest host, in Rob Booker’s absence. First, Scott talks about some tips from Tony Robbins’s new investing book, MONEY Master the Game: 7 Simple Steps to Financial Freedom. This leads to a discussion about how to save money (and what to do with that money). And Scott also talks about why mutual fund managers are usually ineffective for their clients. Next Scott talks about the reliability of low-cost index funds. Scott also begins to investigate the secrets to the world’s most successful 4 percent of the market masters! Don’t miss it!

The Traders Podcast is now on Soundcloud!

Links for this episode:

Scott’s Blog

E-mail Scott: ScotWelsh ( AT ) gmail ( DOT ) com

Scott on Twitter: @SWelsh66

Rob and Jason’s new daily show! Rise and Shine Podcast

Call and leave us a voicemail: (801) 382-8789

Get our Traders Podcast App for iPhone

Get our Traders Podcast App for Android devices! Read More

Episode 308: Traders Podcast Flashback — Why We Trade

Welcome to Episode 308 of The Traders Podcast. In the previous show, your host Rob Booker and Jason the producer talked about occasionally revisiting some of the more noteworthy conversations of the 300-plus episodes of The Traders Podcast. So, what you’re about to hear is a re-release of Episode 40, which originally aired on April 25, 2012. The title of that episode is “Where and Why We Trade for a Living.”

In that particular episode, Rob was joined by The Coach Scott Welsh, who talked about goal-setting. They also discussed whether the location you trade from affects your trading, and whether you can actually trade from anywhere in the world. Episode 40 also introduced a new segment called “Dumb Things That Rob Does…”

But the main reason Jason the producer felt Episode 040 is one for the ages is because of a remarkable epilogue that Rob delivers, where he describes all the reasons why we trade. It may very well be some of the most powerful content in the history of The Traders Podcast — a must-listen. Flashback with us! Read More

Episode 302: Totus Porcus or: Going All In to Trade for a Living

In this one for the ages, your host Rob Booker catches up with The Coach Scott Welsh to talk about going “all in” to trade for a living. Recently Scott sent Rob an e-mail about his surprising journey into peak-performance tennis coaching and used that story to parallel his thoughts about making the leap to trading for a living.

Rob talks about the benefits of inviting abundance into your life by consuming positive material. He also suggests that many traders are delusional about their fearfulness and the obstacles that stand in their way of success. Scott talks more specifically about the mindset that enables a person to commit to going all in, even in the face of discouraging circumstances or setbacks. All of this and so much more awaits you in Episode 302 of The Traders Podcast. Thanks for listening.

Links for this episode:

Follow Scott’s blog: TFL365.com/Scott

Follow Scott on Twitter: @SWelsh66

Call and leave us a voicemail: (801) 382-8789

Get our Traders Podcast App for iPhone

Get our Traders Podcast App for Android devices! Read More

Episode 243: The Retirement Lie – Part 1

Welcome to Episode 243 of The Traders Podcast. Your usual host, Rob Booker, is enjoying a two-week vacation from podcasting. So, for the next four episodes, starting with this one, we have a guest host — “The Coach” Scott Welsh — co-creator of the Bossilator course and a peak-performance instructor who resides in Columbus, Ohio.

For his first episode of four, Scott talks about “The Retirement Lie.” He begins by describing his intense disdain for liars, and then Scott talks about some very popular lies that many people believe. This leads into Scott’s surprising insights about The Retirement Lie, and he begins explaining some good news for traders pertaining to their retirement that isn’t a lie! Don’t miss it! Thanks for listening.

Links for this episode:

Scott’s Blog

E-mail Scott: ScotWelsh ( AT ) gmail ( DOT ) com

Scott on Twitter: @SWelsh66

We also recommend listening to this popular episode featuring Scott Welsh: Ep. 34: Peak Performance Athletics and Trading for a Living From Home

Call and leave us a voice mail: (801) 382-8789 Read More

Episode 171: Are Spikes in the FX Market Caused by Computer Algorithms?

During Episode 171, your host Rob Booker speaks with “The Coach” — Scott Welsh, co-creator of the Bossilator course and a peak-performance instructor who resides in Columbus, Ohio. Rob and Scott tackle an e-mail from an inquisitive and concerned listener who goes by “Space Pip” (on Twitter). Apparently, Space Pip has been hearing more and more lately that there are spikes in the FX market that have been caused by computer algorithms, so Rob and Scott address the veracity of this theory.

Of course, this leads to Rob’s vision of what would actually happen if computers took over the world. Along the way, Rob takes a stab at describing what a spike is and where spikes come from. And this e-mail leads Scott to worry a little about the presence of “the world is out to get me” mentality. Oh, and don’t miss Rob’s radical solutions for solving insider trading! All this and so much more in Episode 171 of The Traders Podcast.

Links for this episode:

If you’re interested in talking with Scott about his computer algorithms, you can e-mail him at ScotWelsh ( AT ) gmail.com

Scott on Twitter: @SWelsh66

Also find Scott Welsh here: bossilator.com

We also recommend listening to this popular episode featuring Scott Welsh: Ep. 34: Peak Performance Athletics and Trading for a Living From Home Read More

Episode 115: Being Mentally Strong and the Benefits of Private Coaching

In Episode 115, your host Rob Booker is joined by “The Coach” — Scott Welsh, co-creator of the Bossilator course and a peak-performance instructor who resides in Columbus, Ohio. Rob and Scott talk about being under-the-weather and instances of rising to the occasion, refusing to be sick and pushing through whatever needs to be done. This leads to the recounting of the story when Michael Jordan played in the NBA finals with the flu. Scott talks about the importance of becoming mentally strong and this segues into a conversation about the benefits of private coaching. Rob and Scott also take some time to discuss some of the most influential, must-read trading books.

Links for this episode:

If you want more information on working with Scott, then you can e-mail him at ScotWelsh@gmail.com

YouTube video: Michael Jordan plays with the flu

The Little Book That Still Beats the Market by Joel Greenblatt

Reminiscences of a Stock Operator by Edwin Lefevre

How I Made $2,000,000 in the Stock Market by Nicolas Darvas

The Money Game by Adam Smith

Podcasting coach: The Podcast Answer Man Cliff Ravenscraft

TFL365.com

Rob on Twitter: @RobBooker

The Traders Podcast on Twitter: @TradersPodcast

E-mail us! Producer@TradersPodcast.com

Episode 49: Fair Value, Facebook and the Euro-Swiss

Continuing on the hot topic of Facebook, Rob Booker speaks with “The Coach,” Scott Welsh, about trading back to fair value and comparing Facebook’s IPO and the Euro-Swiss currency pair. They discuss whether it’s too early to judge what fair value is for Facebook, and whether one can accurately assess fair value from a chart. Rob and Scott also take a look at Abercrombie & Fitch, Apple and J.P. Morgan to help illustrate their discussion. Rob also compares Apple’s and Facebook’s price-to-earnings ratios. Fun stuff. Please subscribe and join us!

To find out more about how Scott Welsh trades back to fair value: Bossilator.com