automated trading system

Episode 244: The Retirement Lie — Part 2

Episode 244 of The Traders Podcast is Part 2 of Scott Welsh’s “The Retirement Lie.” (So, if you haven’t heard the previous episode yet, please go back and listen to Episode 243: The Retirement Lie – Part 1 prior to playing this one.) Your usual host, Rob Booker, is enjoying a two-week vacation from podcasting, so for the next few episodes, The Coach Scott Welsh will be our guest host.

And in this second episode of four, Scott tells us more about “The Retirement Lie.” Scott begins this episode by discussing a Wall Street Journal article that examines this Retirement Lie. Scott says there are two questions he wants us to think about regarding our retirement: 1.) How can I retire as fast as possible? 2.) Since I like my job, how much can I save? Yes, Scott also addresses the question: What if I don’t want to retire? So, you’re going to hear Scott run the numbers and explain “the vision” to Jason. Don’t miss this one! And thanks for listening.

Links for this episode:

Scott’s Blog

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

Scott on Twitter: @SWelsh66

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

Episode 186: Rob’s Turtle Traders Reality Show Contest

Here is another interesting episode of The Traders Podcast — once again — thanks to our listeners… Your host Rob Booker and the producer Jason Pyles begin the show by addressing a Spanish listener’s concerns that we did not show the proper love and respect for Spain in Episode 185. So, Rob expresses his feelings about Spain, and for the first time in Traders Podcast history, Jason has his wife, Natalie Pyles, say a few words. Next we got an e-mail from Steve, who’s asking for some clarification about when the London market opens, exactly… To get some additional insight on this question, Rob calls his friend Boris Schlossberg’s personal cell phone (while on the air) to get the answer.

We also received an e-mail from Bill, who wrote in with some results from his “Coin Toss EA.” And next we get a suggestion from Pablo, who asks if Rob would devise “The Turtle Trader Experiment” by assembling a team of turtle traders to be trained by Rob’s expert trader friends and then watch the students trade for a living with their own money. (You already know what Rob’s answer will be…) And finally, Dave writes in to the show to ask Rob to explain ETFs. Dave also asks whether Jennifer ever finished automating her trading system. Thanks for listening!

Links for this episode:

Follow Boris Schlossberg on Twitter: @Fxflow Read More

Episode 56: Turning Your Discretionary Trading System Into a Mechanical Trading System

Are you interested in developing an automated trading system? If so, Episode 56 is especially for you. Rob Booker is joined by trading blogger Jennifer Thornburg to discuss the challenges of turning a discretionary trading system into a mechanical one.

In this show Rob asserts that even though many people think they have a rule-based trading system, most people don’t. Rob and Jennifer discuss why traders try to fool themselves into thinking they have a rule-based system, while addressing the disparity between what we think we’re doing and what we’re actually doing.

Rob and Jennifer answer the following questions: What’s the first thing you might do in order to turn a discretionary trading system into a mechanical one? What should you look for in a programmer — and what things should you watch out for when making your agreement with a programmer? How can you protect your trading system from being taken by someone who is programming it for you?

Rob also gives you a ballpark range of about how much you should spend per hour to get your programming done, and he also lists a number of items that you should pay an attorney to help you protect.

If you’re considering your very own automated trading system, then Episode 56 is a must-listen!

Follow Jennifer Thornburg on Twitter: @JenTho3