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!
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I love the idea that we can protect our account by just knowing how to manage risk. It would be intereting to know too, if this can be done as an experiment using some kind of random entries. If we can protect our accounts with no real edge on the entries, then I imagine we can be supremely confident that we can make a killing if we use a system for entries where we do have an edge. Great stuff.
I do the opposite of whatever Warren Buffett says. Warren Buffett does the opposite of what he says. When he says he’s selling all his gold I know he’s going to buy.