losing money

Episode 263: The Trade Size That a Professional Trader Should Take

TTP Ep 263 art

For Episode 263, your host Rob Booker is solo-broadcasting from Paris, France. In this show Rob uses a set of articles that he’s been writing for Experts.ForexMagnates.com about cutting losses quickly as a launching point for his sentiments. Rob suggests that perhaps the practice of cutting losses quickly isn’t the Gospel truth that we’ve been told it is, and he says it’s often blasphemous to say so.

Rob talks about a friend of his who made $21,000 trading a counter-trend system. Then Rob discusses another friend who made $8,000, and he did not close all of his losing trades immediately. So, Rob gives some tips on how to trade in a different way, other than closing losing trades immediately. And Rob tells what he thinks makes a person “a professional trader,” including the specific trade size that a pro should take. Good stuff. Don’t miss it!

Links from this episode:

Read Rob’s articles Read More

Episode 235: Losing Money and the Jesse Livermore Mentality Toward Risk

As a follow-up to Episode 234 of The Traders Podcast, your host Rob Booker talks about the unsavory topic of losing money. He also talks about riding out your losses (strategically) and the Jesse Livermore mentality toward risk. This is an episode about traders for whom the money isn’t as important as The Game. Rob says this is a financially perilous approach to trading that can end disastrously, but it can also be a way to make some big profits. If this mentality isn’t for you (and it’s not for most people), we think you’ll at least find it entertaining to hear about it. Thanks for listening!

Rob encourages you to check out his Trifecta Trading System for day trading

Other links for this episode:

Rob on Twitter: @RobBooker

The Traders Podcast on Twitter: @TradersPodcast Read More