day trading

Episode 201: On Being Hyper-Rational

We’re pleased to bring you another provocative solocast by your host, Rob Booker. In Episode 201, Rob explains how the worst traders have the worst kind of confidence. He shares a scary scenario from 12 years ago, and he poses the questions: Is day trading a total scam? Does it ruin lives? Rob tackles these questions and then carefully describes how we first ruin ourselves, then we ruin our trading accounts.

Next Rob talks about how trading is like religion, and he talks about the sorrow that comes from believing that trading is The Answer. Rob runs with this metaphor and discusses leaving the religion of trading and explains that trading is not The Answer, but something else… And finally, Rob encourages traders to become more rational — even hyper-rational.

If you’ve been feeling like you need to reflect on yourself as a trader, then this episode is definitely for you. Thanks for listening to The Traders Podcast. Read More

Episode 35: Kathy Lien and Double Bollinger Bands

In this first part of two technical episodes, Rob Booker and co-host, Raghee Horner, speak with Kathy Lien, a director of currency research at GFT and the author of “The Little Book of Currency Trading.” Kathy Lien is also famous for her use of the Double Bollinger Bands.

Rob asks Kathy where her inspiration for using Double Bollinger Bands came from, how often these produce trades, what people are talking about when they speak of “yields” on television, and whether the long-term perspective of the forecasting she’s asked to give on TV ever intrudes upon her short-term trades of the present day. Kathy also explains her settings for the Double Bollinger Bands and their various uses. Don’t miss it!

You can find Kathy Lien here: BKForexAdvisors.com

Also, make sure you haven’t missed the BONUS episode we released last Friday!