trading for a living

Episode 16: Consistency and Temperance

Rob Wilson, commander in the British Royal Navy and Commodities Trading Advisor, talks more about his journey from running a battleship to trading short-term in the currency markets every day. Rob Wilson is one of the most consistent traders you will ever meet, and his temperance and stability shine through in this interview. If you are seeking more consistency in your trading, this interview was made for you.

For more information on Rob Wilson, visit joe-trader.com and check out the best-selling e-book “Five Bullets: A Forex Trading Methodology Optimized for Regulation” on Amazon.com.

Episode 15: You Sunk My Battleship

In this first episode of two, Rob Booker talks with Rob Wilson, the former commanding officer of the submarine-destroying battleship, the HMS Somerset, of the British Royal Navy.

Commander Rob discusses the characteristics he acquired from the military that he brings over to his daily approach to trading, as well as some similarities between trading and war. And don’t miss Podcaster Rob’s idea about an alternative military use for battleship anchors.

For more information on Rob Wilson, visit joe-trader.com and check out the best-selling e-book “Five Bullets: A Forex Trading Methodology Optimized for Regulation” on Amazon.com.


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The HMS Somerset:

Episode 14: Raghee Horner, Continued

She manages her own money; she helps other people trade successfully; how does she do it? Do trading “educators” not know how to trade? How do they find a balance? Raghee Horner, successful trader and well-known author of “Forex Trading for Maximum Profit,” talks about indicators and her favorite books. And her views on not having trading goals sound just plain heretical.

Find Raghee’s book here:

Episode 13: Exotic Indicators and Kickin’ It Ol Skool

In Episode 13, Rob talks with author Raghee Horner about the way trading has changed over the years, finding what works for you and ignoring everything else, and the questionable merits of the Ichimoku indicator. For a good time, tune in to this show and give Rob and Raghee a listen.

Episode 12: Oh My Gosh – You Didn’t Say That

In our 12th episode, we couldn’t resist poking fun at business television and the ways that we get caught up in the words of onscreen personalities, even when they don’t say anything at all! This is one of our favorite episodes, and it’s sure to be one of yours, as well.

Rob even forgets what he’s supposed to say at the beginning of the broadcast. It’s all downhill (or uphill) from there!

Episode 11: Why Is Trading So Damn Hard?

Rob’s guest is Dan Polinsky, a trader from Claremont, California, who deals with the pressures of family, work, and even the laundry, as he trades. Rob asks, “Why is trading so easy?” and Dan laughs a bit — and then you’ll join us for a great discussion on why trading seems so damn hard sometimes, how we can make it easier, and more.

Episode 10: Trading and Roulette

What does trading have in common with one of the most popular games in Las Vegas? Maybe more than some of us would like to admit. Chris Davison claims that he’s most qualified to teach traders how to lose money because, and we quote him, “That’s what I know the most about.” That’s not really true, in our opinion, but he does continue with a list of ways that traders lose money unnecessarily, and how to avoid losing money in these ways. Listen right now to everything he has to say!

Episode 9: 10 Ways to Lose Money Trading

Chris Davison joins Rob with the first five secret tricks that help any trader lose massive amounts of money quickly. Of course no one wants you to lose any money, and that’s the point of the show: to help you avoid the mistakes we’ve made — mistakes that so many people make — when setting out on the road to trading for a living. Here are the first five tricks:

1. Run it on as many pairs as possible, ideally unsupported ones
2. Choose the broker that offers the highest leverage
3. Don’t waste time back-testing or getting to know your EA
4. Small lot sizes are for wimps
5. Choose a scalper with no stop-loss (they only lock in losses)

Dive deeper into the list and join the show. Don’t forget to subscribe by entering your e-mail address in the “subscribe by e-mail” box on the right side of this page.

Episode 5: Obsessed With Trading, Part 2

In part 1 of my interview with Markus Heitkoetter, we explored the reasons that people decide to try to trade for a living. But part 2 is even better, and we’re really into the swing of it all: Why do traders become so obsessed with trading? Why do people look at charts for 13 hours a day? Does lots of screen time improve your trading performance? Those are just some of the things that we cover in part 2. Listen and enjoy. And stay in touch.