strategy 10

Episode 149: Relaxed Trading and a Side Effect of Not Losing Money

For Episode 149, your host Rob Booker talks about how terrible his trading was during the first week after his Trade-for-a-Living Tour. Rob also talks with special guest Matt LaCoco, a currency trader from Colorado Springs who Rob says is his idol because Matt is the most relaxed trader that he has ever met. So, Rob asks his relaxed trader friend for some advice on how to chill out and why being a zen trader is so important to his trading.

Matt describes how getting emotionally distraught can be expensive. Matt also talks about the concept of being happy with what’s offered, versus trying to shake down the market. Rob talks about the odd tendency to seek after drama or conflict, and Rob asks Matt to identify the kinds of things that affect his trading zen.

Matt talks about an exercise that he does, which he calls “a practice in patience,” that he says is vital to avoiding the loss of money. And Matt says he doesn’t “play to win”; instead, he “plays not to lose.” He says that making just enough money to get by is nothing more than a side effect of not losing money. Matt also talks about the practice of letting the first trade of the day go by (without taking it). All of this — and much more — during this episode of The Traders Podcast. Join us!

Links for this episode:

Strategy: 10 by Rob Booker Read More

Episode 131: Into the Garbage Pile of Podcast History

You’ll have to please excuse us for this wacky episode… when we recorded Episode 131, your host Rob Booker was a little wound up and quite comical in his reaction to an e-mail from fellow author Brian Twomey, who wrote to inform Rob that he has surpassed Rob’s former publishing accomplishments. Congratulations to Brian!

In other news, our friend John wrote to tell us about his forthcoming podcasting venture in which he’s launching his own podcast on automated trading! John’s e-mail is a response to our invitation for other trader-podcasters to create a show of their own and band together with us as part of The Traders Podcast Network. This leads to a discussion of a few tips for traders who are considering starting their own podcasts. Rob and Jason talk about microphones and inexpensive set-ups. But the best resource for a beginner is this Learn How to Podcast link.

And last, but certainly not least, our friend Linna wrote to tell us about her publishing venture and shares some of her book with us. We hope you can find some sort of enjoyment from this bizarre episode. Thanks for listening!

Links for this episode:

Rob Booker’s Free STRATEGY 10 eBook

Learn How to Podcast

Rob on Twitter: @RobBooker

The Traders Podcast on Twitter: @TradersPodcast

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