the booker report

Episode 533: Airline Stocks and Adding to a Winner

Text Screen Shot

Welcome to the Traders Podcast everyone! Your host Rob Booker reads aloud a listener text message today from Brad. Thanks for writing in! Oil is dropping right now and Brad wants to know if that makes airlines a good buy. Rob looks at some charts for various airlines and talks to us about what to look for.

If you’ve been listening to anything Rob has been saying for the past several years you’ll have picked up on the advice to stick to a smaller trade size. Brad has been paying attention and his next question is about how to add to a winning trade. Rob gets technical so that he can make sure traders know the right timing and ratio for that next step. Thanks for listening today traders!

Call and leave us a voicemail: (801) 382-8789

Links for this episode:

Rob Booker Live Videos Here

Be sure to check out Rob’s podcast called the Ideas for Online Business Podcast. You can hear it every week day. Don’t miss it!

The Traders Podcast is now on Soundcloud!

Rob, Jason and Scott Welsh’s daily show! Rise and Shine Podcast

Get our Traders Podcast App for iPhone

Get our Traders Podcast App for Android devices! Read More

Episode 532: Finding a Trading System

Good morning Traders Podcast listeners! Your host is Rob Booker and today in Episode 532 he finishes answering the question brought up in Episode 529 where he taught us to learn how to lose. How do you pick a trading system? If you would like some direction to pick a methodology Rob gives some more great book recommendations. He also recommends doing some research on Investopedia and to start with the 4 hour charts. Thanks for listening today traders!

Call and leave us a voicemail: (801) 382-8789

Links for this episode:

Rob Booker Live Videos Here

Be sure to check out Rob’s podcast called the Ideas for Online Business Podcast. You can hear it every week day. Don’t miss it!

The Traders Podcast is now on Soundcloud!

Rob, Jason and Scott Welsh’s daily show! Rise and Shine Podcast

Get our Traders Podcast App for iPhone

Get our Traders Podcast App for Android devices! Read More

Episode 531: The Bar Fight

Good morning Traders Podcast listeners! Your host is Rob Booker and today in Episode 531 he answers a question from Aaron who is interested in becoming a trader. Aaron’s wife is supportive, which is great. Rob explains the two opposite ends of the spectrum when it comes to the support level of spouses. There is such a thing as a spouse that is too supportive, so listen in to learn how to cultivate a healthy and balanced relationship with your spouse regarding trading.

Now, let’s say you have an amazing support team and you’re ready to start. You take your first trade and it’s going to feel like a bar fight. That first time a trade goes against you, it will be yelling obscenities at you. How are you going to handle that? The answer: quiet confidence in the face of criticism. Negativity in your life doesn’t need or deserve or a response. Having been through an actual bar fight, Rob, in his new glasses and tight shirt, shares this information liberally with all. Thanks for tuning in today fellow traders!

Call and leave us a voicemail: (801) 382-8789

Links for this episode:

Rob Booker Live Videos Here

Be sure to check out Rob’s podcast called the Ideas for Online Business Podcast. You can hear it every week day. Don’t miss it!

The Traders Podcast is now on Soundcloud!

Rob, Jason and Scott Welsh’s daily show! Rise and Shine Podcast

Get our Traders Podcast App for iPhone

Get our Traders Podcast App for Android devices! Read More

Episode 530: The Two Things Every Trader Must Decide

Good morning Traders Podcast listeners! Your host is Rob Booker and today in Episode 530 he reads a question from Adriana. Rob loves hearing from traders. Thanks for writing, texting, and e-mailing! Adriana is looking for information to get started trading, again in a way that will help her tackle the emotions that get in the way of trading. Rob has some guidance. Learn how to handle a losing streak and a draw down. The primary way to deal with this is to reduce your trade size. Also, Rob Booker speaks of Tim Sykes’s trading strategy, with reference to losses, and how to know which strategy might be best for you. Thanks for tuning in today fellow traders!

Call and leave us a voicemail: (801) 382-8789

Links for this episode:

Rob Booker Live Videos Here

Be sure to check out Rob’s podcast called the Ideas for Online Business Podcast. You can hear it every week day. Don’t miss it!

The Traders Podcast is now on Soundcloud!

Rob, Jason and Scott Welsh’s daily show! Rise and Shine Podcast

Get our Traders Podcast App for iPhone

Get our Traders Podcast App for Android devices! Read More

Episode 529: Judah’s Personal Training Session of The Traders Podcast Learning How to Deal With Loss

Good morning Traders Podcast listeners! Your host is Rob Booker and today in Episode 529 producer Jason Pyles reads a question from Judah. Rob shares some specific and technical advice for any trader. If you can master support and resistance you have learned everything you need to become a successful trader and now what remains is putting in the time to get good. And, here’s a very interesting way to practice trading: Rob taught an entire seminar in Seattle where he taught traders how to lose, how to find themselves in a 10% draw down. What would this teach you? Would this teach you how to feels make those kinds of trades? What a great tip to learn how to trade from the inside out! Thanks for tuning in today fellow traders!

Call and leave us a voicemail: (801) 382-8789

Links for this episode:

Rob Booker Live Videos Here

Be sure to check out Rob’s podcast called the Ideas for Online Business Podcast. You can hear it every week day. Don’t miss it!

The Traders Podcast is now on Soundcloud!

Rob, Jason and Scott Welsh’s daily show! Rise and Shine Podcast

Get our Traders Podcast App for iPhone

Get our Traders Podcast App for Android devices! Read More

Episode 527: The Rabbit Hole of “Have You Heard Of…?”

Welcome dear Traders Podcast listeners! Today in Episode 527 your host Rob Booker answers an e-mail from a listener inquiring as to whether Rob has heard of Ric Edelman, a radio financial advisor. This is a fair question. Rob has not, but he takes the time on the air to look Ric up and give our good listener some of his thoughts on Ric. This brings to mind a common mistake that traders make and so Rob jumps off into a cautionary discourse. Some traders are endlessly asking about every new thing that they ever hear about but they neglect to hunker down and focus on something that works for them. Set aside a few weeks every quarter to explore new ideas, but then pick what works and “work” on it! That’s our show for today! Thanks for listening in. We really appreciate you!

Call and leave us a voicemail: (801) 382-8789

Links for this episode:

Rob Booker Live Videos Here

Be sure to check out Rob’s podcast called the Ideas for Online Business Podcast. You can hear it every week day. Don’t miss it!

The Traders Podcast is now on Soundcloud!

Rob, Jason and Scott Welsh’s daily show! Rise and Shine Podcast

Get our Traders Podcast App for iPhone

Get our Traders Podcast App for Android devices! Read More

Episode 526: Is There Such a Thing as Overnight Success?

Welcome dear Traders Podcast listeners! Today in Episode 526 of the Traders Podcast your host Rob Booker answers an e-mail from a super successful guy who wants to now apply his skills to the world of trading. There is no such thing as an overnight success. And, of all of Jerry’s years of experience and business savvy, one of the best things that he has going for him is his discipline. Don’t be sad if you feel like no one could say the same about you. If you can admit that you don’t yet have discipline, you can console yourself with the knowledge that you are honest! Rob recommends these two great books on the topic of acquiring discipline: The Power of Habit and Superhuman by Habit. Thanks for listening everybody!

Call and leave us a voicemail: (801) 382-8789

Links for this episode:

Rob Booker Live Videos Here

Be sure to check out Rob’s podcast called the Ideas for Online Business Podcast. You can hear it every week day. Don’t miss it!

The Traders Podcast is now on Soundcloud!

Rob, Jason and Scott Welsh’s daily show! Rise and Shine Podcast

Get our Traders Podcast App for iPhone

Get our Traders Podcast App for Android devices! Read More

Episode 523: What if Rob Won the Lottery?

Welcome to the Traders Podcast! Today is Wednesday and we bring you Episode 523. Rob and Jason are talking about the lottery day, but who isn’t? Who can resist? It is alluring to think of making it big. Rob says that’s why so many to do see movies like The Big Short. Hidden from view however are the scads of individuals for whom this same cunning investment didn’t work out. They silently walk away penniless and we are left with a serious survivorship bias. We hear from the winners. Well, we can count on Rob for some decent advice on how to achieve modest gains over time and come out on top. If you are curious what Rob would do if he won, though, he tells us today. And lastly, Rob’s talking about oil because he wants you to make the right moves in 2016. Thanks for listening everybody!

Call and leave us a voicemail: (801) 382-8789

Links for this episode:

Rob Booker Live Videos Here

Be sure to check out Rob’s podcast called the Ideas for Online Business Podcast. You can hear it every week day. Don’t miss it!

The Traders Podcast is now on Soundcloud!

Rob, Jason and Scott Welsh’s daily show! Rise and Shine Podcast

Get our Traders Podcast App for iPhone

Get our Traders Podcast App for Android devices! Read More

Episode 521: My Spouse Does Not Want Me to Trade

Welcome to the Traders Podcast! Continuing with our wildly popular new identity segment Rob puts himself in a fictional scenario where his spouse does not want him to trade. You might be able to relate to this and there is a right and a wrong way to respond. Rob of course wants to promote healthy relationships and responsible financial and career moves so listen to how he would navigate this.

Now, where are we right now? Rob analyzes the first 10 days of 2016 and talks about what could be in store for this calendar year. Rob recommends that we put ourselves in a position where we are ready to buy oil this year. Let’s keep our eye on that price throughout the year because trends indicate a dip. Thanks for listening everybody!

Call and leave us a voicemail: (801) 382-8789

Links for this episode:

Rob Booker Live Videos Here

Be sure to check out Rob’s podcast called the Ideas for Online Business Podcast. You can hear it every week day. Don’t miss it!

The Traders Podcast is now on Soundcloud!

Rob, Jason and Scott Welsh’s daily show! Rise and Shine Podcast

Get our Traders Podcast App for iPhone

Get our Traders Podcast App for Android devices! Read More