bradley fried

Episode 207: As Soon as I Open a Trade, I Become an Idiot

We hope you had a nice Thanksgiving. For Episode 207, your host Rob Booker spends more time exploring the subject of “process,” an approach to trading discussed in Episode 202, where goals don’t really matter; all that matters is having a process. Also in this episode, you’ll hear about how Shonn Campbell directed Rob’s attention to an article in the Wall Street Journal by Scott Adams titled Secret of Success: Failure by Scott Adams. Rob uses this article and his memory of a breakfast he had with Shonn Campbell, Matt LaCoco and Bradley Fried in April 2013, to ultimately talk about spending less time trading while making more money, struggling less — and winning more. Don’t miss it!

Links for this episode:

Secret of Success: Failure by Scott Adams Read More

Episode 172: The 18-Mile Bike Trek and Trading

In Rob’s absence today, the Producer Jason Pyles is pleased to bring back guest host Bradley Fried, the CEO of Rob Booker Japan. At Rob’s request, Brad takes some time to discuss his 18-mile bicycle ride, and as is a steady tradition on this podcast, we draw parallel, metaphorical principles to trading. Everything relates back to trading.

Brad says that riding a bike and trading require similar skills. We’ll save the bicycle parallels for the show, but some of the trading-related concepts that Brad addresses are the following:

— the futility of thinking we can force the market to do our bidding
— working through challenging circumstances that are not ideal
— feeling impatient about making lots of money quickly
— the key skills of knowing when to keep going and knowing when to stop
— the psychology of moving past a loss
— removing pressure from our trading by letting go of expectations
— and more! Read More

Episode 167: How Massively Disastrous Losing Streaks Begin

In this valuable episode of The Traders Podcast, your host Rob Booker talks with Bradley Fried, the CEO of Rob Booker Japan, about Brad’s wild week (last week), when some of his positions went out of control against him. Brad describes his week and how he came out of it. This conversation leads to a number of important discussion topics, such as: How to Know When You’re Finished Trading During a Good Week, and If You’re in a Hole, Do You Stop Digging (or Just Get a Smaller Shovel)?

Also, Rob describes the three routes someone can take when they’ve experienced a bad week in the market, and he describes how massively disastrous losing streaks begin. Brad talks about what he looks for when he’s reassessing the trades that went wrong, and he also spends a little time talking about his personal lifestyle as a trader. We highly recommend this episode! Thanks for listening.

Links for this episode:

Find out about Brad’s 18 Trading Rules: TFL365.com

Brad on Twitter: @RobBookerJapan Read More

Episode 162: Guest Host Bradley Fried Discusses Three of His Trading Rules

We have a surprise development for you for Episode 162 … Your usual host, Rob Booker, was on the road while we were recording, so we asked Bradley Fried, the CEO of Rob Booker Japan, to stand in as a guest host of The Traders Podcast! And we think you listeners will enjoy hearing from Brad, because he discusses three of his 18 trading rules.

Brad talks about Rule No. 15, which addresses how placing expectations of wealth or solving financial problems with trading injects the process with emotion and disables it. This is the rule where Brad says to focus on process, not profits. Brad also discusses his Rule No. 14, which encourages you to make your trading an active and creative process, not a mechanical one. And Brad also tells us about Rule No. 18, which involves the practice of rewarding yourself. You don’t want to miss this episode — Brad tears it up! Join us, and feel free to leave your comments at the bottom of these show notes.

Links for this episode:

Find out more about Brad’s 18 Trading Rules: TFL365.com

Brad on Twitter: @RobBookerJapan Read More

Episode 148: Trade-for-a-Living Tour Recap – Part 2

As a follow-up to Episode 147, this show is the Part 2 (of 2) where your host Rob Booker and Bradley Fried finish reminiscing and recapping their Trade-for-a-Living Tour. Prefacing his recording with Brad, Rob begins this podcast by talking to Jason and giving some insights about his friend and traveling companion, Brad. Next we cut to the recording that Rob and Brad made from a hotel room in New York City. They continue to discuss what they learned about trading (and about themselves) during the trip.

Rob talks about coping with uncertainty and, at times, fatigue. Rob and Brad recall some good instruction from Brian in Mississippi and the importance of taking a rest and giving one’s self a break — in life — and in trading. They discuss the prominent theme that trading is about giving up freedom. They recall how Markus counseled to do what you’re good at and disregarding the rest. They talk about their meeting with Kevin in Arlington, Texas, as well as Duane’s three “approved trading strategies.”

Rob and Brad reminisce about Andhi and how he told them he once had taken 300 equity trades in one day. This leads to a short chat about overtrading and diminishing returns. Brad talks about his love for New Orleans and its rich history, and Rob professes his love for Tennessee. These are only half of the experiences recounted in Episode 148 of The Traders Podcast. Listen to hear much more!

LINKS FOR FOLLOWING ROB’S TRADE-FOR-A-LIVING TOUR: Read More

Episode 147: Trade-for-a-Living Tour Recap – Part 1

For the next two episodes, your host Rob Booker and his traveling companion Bradley Fried take the time to debrief after their Trade-for-a-Living Tour across the USA, which spanned April 2013. Rob and Brad reflect upon the essential lessons they’ve learned during the trip. Here are some highlights of topics you’ll hear about in this show:

Rob identifies what he calls “the first trading rule of all.” Rob and Brad also discuss whether it matters to have someone who “believes in you.” Rob recognizes himself in those who are struggling with trading. Brad reports that he hasn’t changed anything about his trading, but he traded less on the road and actually did better. Brad made money on the trip; whereas, Rob lost money and spent more than he earned (in fact, Rob reveals how much he spent during the month and how much he made).

Rob says he analyzed the market better and traded worse during this tour. They talk about the significance of generosity and the importance of passing it on. Rob says he learned to be less fearful, and Brad says there are two types of people: those who say, “I’m going to trade,” and those who are endlessly preparing. You’ll hear all about this — and more — during Episode 147 of The Traders Podcast. This episode is part 1 of 2. Look for the second part on Wednesday!

LINKS FOR FOLLOWING ROB’S TRADE-FOR-A-LIVING TOUR: Read More

Episode 144: The Danger of Thinking Too Much About Trading

For this episode, your host Rob Booker and his right-hand man, Bradley Fried, travel to Nashville, Tennessee, to interview Mr. David Watson as he experiences a turning point in his trading after listening to our Duane Hope interview in Episode 141. David says he was spending too much time thinking about trading. Brad talks about quality versus quantity trading and defines the elusive concept of “quality trade time.”

And in this episode you’ll also hear a discussion about what is acceptable proof that a trading method is working. Rob, Brad and David talk about how even though the best change usually occurs incrementally, sometimes significant break-thoughs are more dramatic and can happen overnight. Tune in and join us by subscribing in iTunes!

LINKS FOR FOLLOWING ROB’S TRADE-FOR-A-LIVING TOUR:

Watch Rob’s daily videos on YouTube

Watch Rob’s daily videos on RobBooker.com Read More

Episode 143: Winning Trading Is About Giving Up Freedom

Somewhere along the southern route of their Trade-for-a-Living Tour, outside of New Orleans, your host Rob Booker and Bradley Fried have a rambunctious conversation with Brian, a seasoned trader who has a lot of hilarious and insightful thoughts to share. Brian talks about the difference between trader experts and expert traders. He also talks about the two kinds of people who can teach you to trade. And in this episode, Rob, Brad and Brian discuss how trading is not about freedom; trading is about restricting your actions to what works.

Rob asks Brain what to do if you’re in a losing trade. And Brian describes the big problem with fundamental analysis. Rob and Brad make some observations about precious metals (namely gold). Brad says there’s something that you can learn from everyone. And these three traders talk about wasting weeks (and years) thinking about the way things should be, versus dealing with things as they presently are. And Brian also describes what you need to come to grips with, in order to make progress as a trader. All of this — and so much more — here on The Traders Podcast!

LINKS FOR FOLLOWING ROB’S TRADE-FOR-A-LIVING TOUR:

Watch Rob’s daily videos on YouTube

Watch Rob’s daily videos on RobBooker.com Read More

Episode 142: If Being Profitable Is Wrong – I Don’t Wanna Be Right

Dinner With AndhiThe Traders Podcast visits The Big Easy! When we catch up with your host Rob Booker and Bradley Fried amid their Trade-for-a-Living Tour, they listen to some wise counsel from Andhi in New Orleans. The three traders talk about how you don’t have to be right; you just have to be profitable. They discuss a common affliction of being too quick to enter trades, and Brad says that part-time traders who have a day job only have so much time to get in to their trades, so they often jump in prematurely for fear of missing out.

Throughout his conversation, Andhi mentions a list of five golden items that we suspect would help any trader who heeds his insights. Andhi also talks about “reversion to the mean” and how familiarizing yourself with some statistics can help you process the massive amount of raw data that traders study. Rob tells a story from his college experience about a bird that made him more popular for a day. And these traders discuss other fascinating concepts, such as The Human Moving Average and how to overcome obsessive thoughts about your next trade! Don’t miss this one!

LINKS FOR FOLLOWING ROB’S TRADE-FOR-A-LIVING TOUR:

Watch Rob’s daily videos on YouTube

Watch Rob’s daily videos on RobBooker.com Read More