Episode 201: On Being Hyper-Rational

We’re pleased to bring you another provocative solocast by your host, Rob Booker. In Episode 201, Rob explains how the worst traders have the worst kind of confidence. He shares a scary scenario from 12 years ago, and he poses the questions: Is day trading a total scam? Does it ruin lives? Rob tackles these questions and then carefully describes how we first ruin ourselves, then we ruin our trading accounts.

Next Rob talks about how trading is like religion, and he talks about the sorrow that comes from believing that trading is The Answer. Rob runs with this metaphor and discusses leaving the religion of trading and explains that trading is not The Answer, but something else… And finally, Rob encourages traders to become more rational — even hyper-rational.

If you’ve been feeling like you need to reflect on yourself as a trader, then this episode is definitely for you. Thanks for listening to The Traders Podcast.

Links for this episode:

TFL365.com

Rob on Twitter: @RobBooker

The Traders Podcast on Twitter: @TradersPodcast

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