Psychology of Trading

Ep 568: Are You a Professional Victim of Currency Trading?

In Episode 568 of The Traders Podcast, your hosts Rob Booker and the producer Jason Pyles talk about fear and how bad experiences with trading can haunt you and tend to affect your perception of yourself and your ability to trade successfully.

Jason cites singer-songwriter Glen Phillips who sings about this victim-mentality rut in his song, “Professional Victim.” Technically, the possibility of success always exists, so it’s never completely impossible to make money. Unfortunately, sometimes we convince ourselves of the defeatist C-3PO perspective that “we seem to be made to suffer” and that being an unprofitable trader is just “our lot in life.”

Join us for Episode 568, so Rob can explain how to break out of the victim cycle of abuse from the currency markets. Thanks for listening to The Traders Podcast. We release new episodes every Tuesday and Thursday. Subscribe free in iTunes and leave us a review!

Links for this episode:

Subscribe to Rob’s YouTube channel here: https://youtube.com/robbooker
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Ep 567: Uncomfortable Parallels Between Traders and Serial Killers

Halloween might be around the corner, sure, but of course, serial killers are no laughing matter. In Episode 567 of The Traders Podcast, your hosts Rob Booker and the producer Jason Pyles don’t intend to make light of how much traders have in common with serial killers, but as you will hear in this episode, the similarities are uncomfortably numerous…

Serial killers can do unspeakable things and still feel totally “normal.” Much like traders, serial killers tend to live outside of typical societal norms (in some ways), and they do things that tend to separate them from others. And they are completely at peace with this fact. We trust that all our listeners are fine, upstanding contributors to your respective communities, but if you’d like to hear more out of morbid curiosity, listen to Episode 567!

Thanks for joining us for The Traders Podcast. We release new episodes every Tuesday and Thursday. Subscribe free in iTunes so 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 565: The Pitfall of Self-Destruction

Most people go through life making the same mistakes at age 60 that they made at age 20. It’s astounding and even discouraging, but unfortunately, it’s true. And some people structure their lives so they can succeed in one area while acting out internal conflicts in another area.

In Episode 565 of The Traders Podcast, your hosts Rob Booker and the producer Jason Pyles explore the pitfall of self-destruction and how many traders get caught in this downward spiral. Rob says that 75 percent of experienced traders are struggling with self-destructiveness. Join us to learn how to escape the self-destruction cycle!

Thanks for listening to The Traders Podcast. We release new episodes every Tuesday and Thursday. Subscribe free in iTunes, and please leave us a review!

Links for this episode:

Subscribe to Rob’s YouTube channel here: https://youtube.com/robbooker
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Ep 540: Two Characteristics of Terrible Traders

Welcome to the Traders Podcast!

There are to commonly-found characteristics of terrible traders. Here they are!

The New Radio Show Starts This Week!!!

http://thebookerreport.com

Links for this episode:

Rob Booker Live Seminar Recordings Here

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Episode 314: What Separates Good Traders From the Great Legendary Traders?

There is no safe route to massive success. Period. In Episode 314 of The Traders Podcast, your host Rob Booker addresses a tremendous e-mail question from Dave in Columbus. Dave asks if it’s possible to develop beyond just becoming “a good trader”; instead, he wanted to know if it’s possible for an everyday trader to become one of the legendary great masters of trading. How can one become a virtuoso? Rob delivers a very candid answer that makes this episode both a little scary and a must-listen for all traders. Thanks for the great question, Dave!

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 313: “Inventory Trading” and “Losing 5 Figures in a Day”

Happy Monday! It’s The Traders Podcast. In Episode 313, your host Rob Booker talks about some trading books and blogs. First Rob talks about Shonn Campbell’s new book, Inventory Trading. Next Rob discusses his friend RJ’s blog post titled Losing 5 Figures in a Day. Both are highly recommended, so check them out. Rob also references Scott Welsh’s trading blog, which is another great resource.

Also, be sure to check out Rob’s “The Millionaire Trader Mindset.” (Registration is open for only 48 hours. 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 312: Hacking Your Trading Brain

Are you discouraged in your trading? Have you fallen for the lie that most traders are unsuccessful? If so, this show is for you… In Episode 312 of The Traders Podcast, your host Rob Booker teaches about “hacking your trading brain.” He discusses how our beliefs lead to principles, rules, and habits, which greatly affect our trading, for better or for worse. So, listen to Episode 312 and learn more through Rob’s free ebook: 16 Rules of Millionaire Traders, which also comes with a set of video lessons. Thanks for listening!

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 241: For Andy Russell – On Trading for a Living

For Episode 241, your host Rob Booker brings us a memorable solocast. A trader named Andy Russell recently wrote to Rob and asked how one successfully trades for a living. Rob answers.

He addresses Andy about transforming a 50/50 proposition into a winning proposition. Rob also gives four recommendations that make trading sustainable for the long-term. And Rob talks about how important it is not to close winning trades too fast. If you’ve been struggling with trading for a living, this episode is not just for Andy Russell, it’s for you! Thanks for listening.

Links from this episode:

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Episode 126: For Lisa and Anyone Who Wants to Trade for a Living

In Episode 126, your host Rob Booker has a heart-to-heart talk with a trader named Lisa (and anyone else who wants to trade for a living). Lisa sent us an e-mail with some significant concerns about her goal to trading for a living.

The story will be familiar to too many traders… Lisa is not fond of her day job, and she’s trying to transition to trading for a living as soon as possible, in hopes of improving her situation all the way around. But the road to becoming a full-time trader is often longer and bumpier than we had hoped it would be. So, Rob shares some very candid thoughts and advice with Lisa and any other listener out there who shares her same concerns. Thanks for listening, and we hope you enjoy this episode.

Links for this episode:

TFL365.com

Rob on Twitter: @RobBooker

The Traders Podcast on Twitter: @TradersPodcast

E-mail us! Producer@TradersPodcast.com

Episode 103: Self-Sabotage – There’s Always Some Reason to Feel Not Good Enough

Rob Booker and his producer Jason Pyles discuss the concept of “self-sabotage” and whether it exists. This episode is a journey of honesty that ultimately leads back to trading.

This conversation begins with Jason talking about his inexplicable, recurring desire to keep getting involved in horror movie podcasting every few months (even though it never seems to be a welcome fit for him).

Rob muses over various phenomena that could be misconstrued and misidentified as self-sabotage. Rob asks if we subconsciously self-sabotage things that we don’t actually want to do (even though we think we want to do them on a conscious level).

A few of the questions from this episode: Is Rob a hedonist? Is Jason a masochist? Does it all come down to discipline? Does it all come down to perspective? Do we engage in destructive behavior in order to lash out because it’s easier than being honest about how we really feel? And are we being honest about what it is that we want most?

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