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Here we have a very special episode with your host, Rob Booker, where he talks very candidly about trading for a living. During this show, Rob provides some factoids from the London Olympic Games 2012 (which relate back to trading, naturally). And most importantly, Rob delivers three points on how to treat your live trading account like a demo account.
Rob talks about the percentage of people who want to trade for a living but never do it. He also encourages traders to stop thinking about what other people have done — or have not been able to do. And Rob warns against constantly comparing ourselves to other people.
In Episode 69, Rob answer the question: How smart do you need to be to trade for a living? His answer will surprise you… So join us, and please leave a comment and let us know how you found The Traders Podcast. Thanks for listening.
Tagged as: currency trading, demo account, episode 69, forex, live account, london olympic games 2012, professional trader, rob booker, the traders podcast, trading career, trading for a living, trading from home, trading method, trading strategies, trading strategy, trading success, treat your live account like a demo account
{ 4 comments… read them below or add one }
Rob,
Spot on as always.
Best,
Hugh
Hugh, great to see you here. I have been watching The Wire, which as you probably already know is set in Baltimore. I keep thinking of you out there. Happy Tuesday.
Rob
Wow! Thank Heavens! I have been begging Rob to check out The Greatest TV Show Ever Made (which is, “The Wire”) for a long time now! I’m so happy. Dreams really do come true.
TV fans out there: A very close second to The Greatest TV Show Ever Made: “Breaking Bad.” It’s not over yet, but I guess it has a chance to dethrone “The Wire.”
Sorry I don’t have anything useful to write about trading, Readers / Listeners, but if you’re reading this and you haven’t seen “The Wire” or “Breaking Bad” yet, then those two recommendations are my gift to you.
Jason
“DANGER”
NINJAS & PIRATES
& LAZERS & SHIT
THIS is a sign I have on the door to my little cottage where I live. It gives most ppl, myself included, something to chuckle about. The only ppl who would give it a second thought, are those who might have nefarious and dubious ideals. The point I guess is that I dont give my stuff a second thought when I head out to my little job here and I dont give my trades a second thought either. They either are or are not gonna work. I love to put on a trade and add my stop loss and take profit specs and close my platform and go do whatever. It took me 5 yrs to learn on my own what you summerised in a 20 min rant. I love that. And I dont know if I suffer from turretts or if Im nuts or if my blood line is bad or if Im anal. When I started trading FX in Demo…I white knuckeled every trade and treated the account as if it were real. I always and still do. Dunno why. But… my greatest edge… perhaps Thee greatest edge in trading, is not finding a trade by whatever means…. but cutting the losses on bad trades. I have been better at letting the winers run (I’m a big Chicken) but I have no qualms of gettin out. Thanks Rob. You are one of the few from whom I listen. I no longer go to the chats or the news or read the clap trap. I just read my charts and I know I will be right or wrong. There is NO mystery. Percentages mean nothing to me and I know a lotta ppl look at their profit curves and all that stuff…I just read my balance at the end of the month and they are always up… When I divide the balance by 22 trading days / month…I sometimes cringe….But mostly I smile. You and Jason help me smile Rob. Thanxs to you both.