Episode 237: Why Traders Are Seduced by “The Worst Trading Strategy in the World”

by robbooker on March 17, 2014


Episode 237 begins with an idea… Jason the producer suggests some sort of prize give-away for those who call The Traders Podcast and leave us a voice mail at (801) 382-8789 with some sort of short, trading-related story. Next we read a question from fxoutlier, who asks about the status of Duane the Meticulous Trader. Then we read a comment from Nate, who asked about, what Rob calls, “The Worst Trading Strategy in the World.” And Rob also explains why traders are so easily drawn to such a strategy. Next we read a comment from our friend, Scott, about maintaining confidence even while at a loss. Then we get an e-mail from Kaine who’s sick of being told about being a losing trader. Then we read a comment from Anthony, who has an idea for the next Traders Expo. Then we hear from Cole, who talks about his long-term trading strategy. We think you’ll enjoy this episode. Call and leave us a voice mail! Thanks for listening!

Check out Rob’s video about his Trifecta Trading System for day trading

Other links for this episode:

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

Rob on Twitter: @RobBooker

The Traders Podcast on Twitter: @TradersPodcast


E-mail us! Producer@TradersPodcast.com

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{ 1 comment… read it below or add one }

Warren March 17, 2014 at 12:21 pm

Hi Rob,

Trader story:

A couple years ago I won an IBFX monthly trading competition while I was shingling the roof of my house. I would get into a trade and check on it several times a day but wouldn’t cut my losers. I would double/triple down and hope for swing backs. Well I got lucky enough betting big to win the competition. A couple thousand real money into my account which I blew in no time because it is no way to trade.

I also agree, it would be fun to see more “Gurus” just show videos of their actual trading. Turn on the camera and talk through every time they do something for a whole week. What are their thoughts, why they took the trade, why they passed on it, etc…
I guess this is sort of what happens in these live trading rooms.

Have a great day Bad Rob!



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