trading for a living

Episode 35: Kathy Lien and Double Bollinger Bands

In this first part of two technical episodes, Rob Booker and co-host, Raghee Horner, speak with Kathy Lien, a director of currency research at GFT and the author of “The Little Book of Currency Trading.” Kathy Lien is also famous for her use of the Double Bollinger Bands.

Rob asks Kathy where her inspiration for using Double Bollinger Bands came from, how often these produce trades, what people are talking about when they speak of “yields” on television, and whether the long-term perspective of the forecasting she’s asked to give on TV ever intrudes upon her short-term trades of the present day. Kathy also explains her settings for the Double Bollinger Bands and their various uses. Don’t miss it!

You can find Kathy Lien here: BKForexAdvisors.com

Also, make sure you haven’t missed the BONUS episode we released last Friday!

BONUS: An Amazing Revelation About the Euro-Swiss Franc

In this 34-minute, blockbuster bonus episode, Rob Booker has another telephone interview with David Rodriguez, a quantitative strategist who publishes his analysis at Daily FX.com. They talk about the crowd and sentiment, trading against the crowd, trading with the crowd, and an exceptional occurrence with the Euro-Swiss Franc.

Rob also asks David some questions about being on the inside, from the broker’s perspective, as well as asking David to describe how he spends his time during the day between analysis and writing. Rob and David also continue their conversation from Episode 30, delving deeper into FXCM’s Speculative Sentiment Index (SSI), discussing what the SSI tells us about retail traders and their style of trading.

Hear all of this — and so much more — in this special, Friday morning bonus episode of The Traders Podcast.

Follow David on Twitter here.

Episode 34: Peak-Performance Athletics and Trading for a Living From Home

Here is the fourth installment with our crackerjack panel of Scott Welsh, Rob Wilson, Jennifer Thornburg and Rob Booker. Episode 34 features story time with Scott Welsh — professional trader and pro tennis coach — who tells us about Matt, a 17-year-old tennis prospect with tremendous potential. Our team uses this story to discuss what kind of prospects a trader would have to possess to potentially trade from home for a living; the disconnect between doing well in practice and how we perform when it actually counts; whether demo trading is a waste of time; the benefits of feeling some pressure; and how desire, form and discipline play into a trader’s success. Meanwhile, Commander Rob Wilson still lives in 1972 Newport, Rhode Island, where he still wears short shorts. You get to hear about that, too.

Find Scott Welsh here: bossilator.com

Follow Jennifer Thornburg on Twitter here.

Follow Commander Rob Wilson here.

Episode 33: How Traders Become Their Own Worst Enemy

A must-listen third part of a four-part show, Episode 33 features Rob Booker talking with tennis guru Scott Welsh, the inimitable Jennifer Thornburg and Commander Rob Wilson. This discussion begins with Rob describing how a trading intern of his wanted to conquer his problem of self-discipline because he had become his own worst enemy. Scott talks figuratively about how everybody wants to go to heaven, but nobody wants to die. Rob Booker describes an epiphany he received while running in Torty Park regarding the mind and body and movement and stillness. We discuss how honesty can affect your fear of losing money, what happens when not enough is on the line for you as a trader, and the concept of facing the truth because you don’t have time for anything else. Please join us!

Find Scott Welsh here: bossilator.com

Follow Jennifer Thornburg on Twitter here.

Follow Commander Rob Wilson here.

Episode 32: Breakfast in Bed With Commander Wilson and Friends

The second of a four-part show, Episode 32 features Rob Booker talking over breakfast in bed with Commander Rob Wilson, Jennifer Thornburg and Scott Welsh. We continue our discussion on the time, space and force equation; we talk about the importance of respecting the amount you have in your trading account, while considering the age-old question of whether size matters; we discuss what constitutes success; how a trader can make projections about his or her success without being delusional; how to avoid missing that revelatory moment of clarity; how long it takes to “get it” and become a so-called professional trader; and the episode wraps with Rob’s round of rapid-fire questions for panel of co-hosts.

Follow Commander Rob Wilson here.

Follow Jennifer Thornburg on Twitter here.

Find Scott Welsh here: bossilator.com

Episode 31: Know the Market and Know Yourself

Episode 31 is the first of four shows that build in co-host numbers and intensity, so you’re going to love these next two weeks of The Traders Podcast. In this first part, Rob Booker is joined by guest co-host Jennifer Thornburg, trading blogger and author of the article, “Sex and Trading,” and together they interview Commander Rob Wilson.

Rob kicks off this show by reading some newspaper headlines to hear how they might affect Jennifer’s and Rob Wilson’s trading for the day. They also talk about adapting one’s methodology to suit one’s personality, and Commander Rob Wilson — the self-proclaimed General of His Pips — explores the analogy of comparing trading to warfare by talking about force, space and time in warfare and how those three factors are the same in trading. He also quotes from the popular book, “The Art of War,” by the Chinese war theorist Sun Tzu, and he discusses the valuable principles of knowing the market and knowing yourself.

Follow Jennifer on Twitter here.

Follow Commander Rob Wilson here.

Episode 30: The SSI and Taking Your Second Trade First

In Part 2 of the “Wine-Tasting and Trading Strategy” episode, Rob Booker and his guest co-host, Jennifer Thornburg, trading blogger and author of the article “Sex and Trading,” talk by phone with David Rodriguez of FXCM.

Follow David on Twitter here.

Follow co-host Jennifer on Twitter here.

And don’t forget – subscribe to the podcast by entering your email in the box at right on this page.

How do we know when the market is going to turn, or change directions? David has some ideas about that, and as a quantitative strategist and the curator of the Speculative Sentiment Index (SSI) published by FXCM, he is particularly qualified to talk about how he judges market psychology from the numbers that cross his screen every day.

Episode 29: Wine-Tasting and Trading Strategy

Rob Booker and his guest co-host, Jennifer Thornburg, trading blogger and author of the article “Sex and Trading,” talk over the phone with expert wine-taster, bike-rider and quantitative strategist David Rodriguez of Daily FX.com. In this episode you’ll hear about wine-tasting; an analogy on the making of a good wine and the making of a good trading strategy; the mistake that brand new traders make when creating their trading strategies; and an answer to the question, once and for all, whether one can be cited for bicycling while intoxicated. Join us!

Follow David on Twitter here.

Follow co-host Jennifer on Twitter here.

Episode 28: The Unique Ability

In this Part 2 with investment advisor Chris Hensel, Rob and Raghee talk to Chris about the concept of “the unique ability” and the benefits of identifying one’s own unique ability as a trader and then leveraging that “edge” to one’s advantage. You’ll also hear Raghee talk about how The Secret has influenced her trading, while Rob lets loose and shares a story about a time when he learned that you can get more with sugar than you can with salt. Trust us — you don’t want to miss this episode!

Episode 27: Point and Figure Charting

Rob Booker and his intrepid co-host, Raghee Horner, talk to Chris Hensel, an investment advisor who says he doesn’t want to become a full-time trader. They talk to Chris about why he feels this way, and why Chris says the irrefutable laws of supply and demand appeal to him. Rob and Raghee also speak to Chris about some perks of Point and Figure Charting, and they recommend a book on the subject.

The links mentioned at the end of this episode are DorseyWright.com and Thomas Dorsey’s “Point and Figure Charting.”