random trading

Episode 184: Making Heads or Tails Out of Trading

Episode 184 of The Traders Podcast will probably go down in the archives as one of our most provocative shows since Greg K. told us he could divine the future back in Episode 128. This episode explores what may be one of the simplest, yet craziest trading “systems” around… Your host Rob Booker catches up with his old friend Chris Mystic, a veteran of the currency market who decided to start trading randomly and entered a contest against other traders!

The premise: Chris works for Traders Laboratory, and in an attempt to keep the subscribers entertained, he decided to conduct an experiment for one month: At the New York open, he’d flip a coin and if it was heads, he’d go long on the Euro dollar, and if it was tails, he would go short on the Euro dollar. He’d flip the coin 30 minutes before actually taking the trade. And he set some rules, such as it would be a 1:1 risk-to-reward, and 20 pips take profit, 20 pips stop-loss, and if the trade hasn’t closed by 5 p.m., then he’d close it manually. And as mentioned above, Chris entered this random trading account into a trading contest with some intriguing results!

So, as you might expect from your intrepid host, Rob tries to make sense of this madness and discusses how to turn it into an actual trading system. Naturally. Why wouldn’t we? Thanks for listening.

Links for this episode:

Look for the thread “Let’s Try an Experiment” at: Traders Laboratory.com

E-mail Chris at: MysticForex ( AT ) TradersLaboratory ( DOT ) com Read More

Episode 22: Sex and Trading Part 1

Yes, you read that correctly — sex and trading! In this memorable episode of The Traders Podcast, Rob talks with special guest Jennifer Thornburg about some parallels she’s been drawing between sex and trading. Though this show is a bit of a teaser, it is only Part 1 of 2 shows. Part 2 — the juicy stuff — will follow in the next episode of “Sex and Trading.”

Even so, you don’t want to miss Part 1, because in this show Rob and Jennifer also discuss why trading is addictive, the life-changing conversations Jennifer had once with a tall, red-headed man with $200,000 cash in Hong Kong, and overcoming her personal obstacle of “random trading.” Jennifer also talks about defining for herself what it means to be a successful trader, and she explains why she has such an affinity for the long-term charts.

You can read more from Jennifer

at her blog: piptoring.com

at her Web site: jennifer.bz

on Twitter: @JenTho3