drawdown

Episode 370: Ask Rob – Drawdown

Happy Friday! It’s time again for “Ask Rob” on The Traders Podcast, which is now a weekday show! We have our regular, 20-minute long episodes on the normal Monday and Wednesday release days and our new 4-minute “Ask Rob” episodes on Tuesdays, Thursdays and Friday!

This morning’s edition “Ask Rob” features a listener text question. Thanks for the question Tim. We’re talking about planning your trade based on how much you are willing to lose. Hear the technical aspects to creating that move. Thanks for listening!

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Links for this episode:

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Episode 78: The Harmonious Coexistence of Discretionary Trading and Automated Trading

In today’s episode, Rob Booker talks with Chris Davison, his partner in building automated trading systems. You’ll hear Rob and Chris discuss the role that automated systems might play in a trader’s discovery of ways to make money. Rob and Chris discuss how to get experience in the markets without spending a great deal of money to get that experience. Their answer: discretionary trading and simultaneously running some automated strategies in the background as a method for learning the process of making the decisions for yourself. And they consider whether this is a prudent approach … or not.

Rob addresses his most common post-seminar question: What do you do now that you’ve attended this live seminar? Rob asks Chris if he makes distinctions among high-frequency trading and long-term trading and medium-term trading when talking about automated systems. They explain how the exchanges and the brokers love scalpers. Rob asks Chris how much draw-down he can withstand. Chris offers his theories about why 95% of traders lose, and his “Wibbley-Wobbly Line Theory.” And, of course, Chris answers the classic question: Is it possible for a retail trader to make money? Join us — you’ll love it!

Links for this episode:

MetroTrader.net

Chris’s blog: ChasingPips.blogspot.com – where he documents the ups and downs of trading automated systems

Follow Rob on Twitter: @RobBooker and see Rob retweet anything that Chris ever says.