Fri, 30 October 2015
Happy Friday Traders Podcast listeners. This morning Rob is here with Jason Pyles to continue the discussion from Ep. 470 about how to turn $250 into $100,000. What is the magical element to making this kind of money? Well, it’s not fun. You have to back yourself into a corner and manufacture a crisis in your life. It’s exciting though, and to prove it, Rob and Jason discuss the greatest movies that illustrate this against-all-odds kind of rise to the top. Thanks for listening! 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 brand new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Thu, 29 October 2015
Happy Thursday Traders Podcast listeners. Rob has a guest today who you are going to love. Introducing Chris Pulver of Rhino-Trader.com! Rob and Chris discuss their trading philosophies from big-picture things all the way down to daily routines. They circle on the topic of planning. What does the concept of planning a trade mean to you? Chris Pulver shares his thoughts on how to have a healthy relationship as a trader and how to monitor traders throughout the day as a trader. If you have a question for him he can be reached at (616) 818-9535. Have a great day! Thanks for listening! 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 brand new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Wed, 28 October 2015
Good morning on this fine Wednesday traders podcast listeners. Rob is here today with Wes Walton. The two discuss how in the world they handle the massive volume of correspondence that comes in from traders seeking advice. They love hearing from you and they truly seek to help traders along their way. Years of mentoring traders in deep water and traders finding success alike, have taught them a few basics. We’ll say it again: reduce your trade size. If you can’t play the game when the stakes are low, then you don’t love the game, you love the stakes. Don’t think that you won’t make the mistake again. This time is no different. We hope this helps. Have a great day! Thanks for listening! Call and leave us a voicemail: (801) 382-8789 Links for this episode: For Effective Federal Funds Rate: Click Here Rob Booker Live Videos Here Be sure to check out Rob’s brand new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Tue, 27 October 2015
Welcome to The Traders Podcast Episode 472! Rob is very excited today to share a question from a trader is is right on track! The trader texts and asks Rob what a reasonable expectation would be for a return on his investment for his trading strategy. He has found his niche and he wants to make sure he’s not being greedy or unreasonable. You might be surprised by Rob’s response. Rob is thrilled with the planning that this trader has put into designing this trading strategy because the trader clearly knows his trading identity! He knows when he can trade. He knows what he can afford to lose. He knows what he trades well. And, he knows what he hopes to make so that he can know when to get out of the trade. Listen in to know how to discover your trading identity and find your niche as well! 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 new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Mon, 26 October 2015
It’s Monday! Good morning Traders Podcast listeners. Welcome to Episode 471. Today Rob gives Luke a call to follow up with him and ask how his trading is going. Luke is going through something that perhaps some of our other listeners are going through: his trend started going against him and his account in the red. The amazing thing about Luke is that he is keeping his head up and he’s going to climb back out of this. Listen in to hear how these losses can come from out of nowhere and what to do about it. Luke asks Rob how to know when it’s time to walk away from trading for a time. Also, Rob shares his thoughts on the Mexican Peso, the New Zealand Dollar, the US Dollar, etc. There are just a few contextual things that you might want to understand about the conditions of the markets in these countries. Thanks for listening! Call and leave us a voicemail: (801) 382-8789 Links for this episode: For Effective Federal Funds Rate: Click Here Rob Booker Live Videos Here Be sure to check out Rob’s brand new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Fri, 23 October 2015
Good morning Traders Podcast listeners! Welcome to Episode 470. Today Rob finishes his answer to Allan’s question about Rob’s trading beginnings. Rob has told us before how he lost his whole trading account save $250, and that he then proceeded to work his way back up. Allan has a few follow-up questions pertaining to this story. He wants to know if Rob followed his own advice, back them, and made very small, incremental gains. Rob also takes the time to explain how someone could turn $250 into $100,000. This is crazy! The prescription is quite radical. Would you do this? Could you do this? Call and leave us a voicemail: (801) 382-8789 Links for this episode: For Effective Federal Funds Rate: Click Here Rob Booker Live Videos Here Be sure to check out Rob’s brand new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Thu, 22 October 2015
Good morning Traders Podcast listeners! Welcome to Episode 469. Today Rob answers technical question from Scott regarding where to get volume data for the Spot FX Market and then another question from Allan about what Rob would have done if he hadn’t been able to climb back from his $250 all those years ago. Rob’s answer is that he would have always found a way to put more money together and he would have kept trying. Sure, Rob had some luck, but he also kept his head up through many, many obstacles. You’ll love today’s show! Call and leave us a voicemail: (801) 382-8789 Links for this episode: For Effective Federal Funds Rate: Click Here Rob Booker Live Videos Here Be sure to check out Rob’s brand new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Wed, 21 October 2015
Good morning Traders Podcast listeners! Welcome to Episode 468. In today’s episode Rob and Jason Pyles answer a listener’s e-mail question from Gomez98. He’s asking for favorite trading movies. Jason refers him to Traders Podcast Episodes 41, 42, 43, 44, 116 and 215. There are so many trading movies: Trading Places, Boiler Room, Pretty Woman, The Wolf of Wall Street and a plethora more. They also talk about the upcoming movie The Big Short. You’ll love today’s show! Call and leave us a voicemail: (801) 382-8789 Links for this episode: For Effective Federal Funds Rate: Click Here Rob Booker Live Videos Here Be sure to check out Rob’s brand new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Tue, 20 October 2015
Hello Traders Podcast listeners! Welcome to Episode 467. In today’s episode Rob rejoins with Jason Pyles! That’s right. Rob and Jason are back again to talk trading! If you find yourself asking for someone else’s advice opinion about an idea you have, you might actually be trying to asking for their permission to do what you already plan to do. In Rob’s experience this is a clear sign that you aren’t truly ready. That being said, if you’ve already decided to do it and you won’t be persuaded, then give it everything you’ve got. You’ll love today’s show! Call and leave us a voicemail: (801) 382-8789 Links for this episode: For Effective Federal Funds Rate: Click Here Rob Booker Live Videos Here Be sure to check out Rob’s brand new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Mon, 19 October 2015
Hello Traders Podcast listeners! Welcome to Episode 466. In today’s episode Rob answers a trader question from Egypt about why trading systems stop working. Rob kindly explains that perhaps the trading system didn’t fail, but rather the trader. Here’s the question: How would you make $1 by trading if you had to? Just do that for a long time, and build your way up to profitability gradually. There is a fine line between trading and gambling. If you can’t close your winning trades when you said you would, you may have a problem. Call and leave us a voicemail: (801) 382-8789 Links for this episode: For Effective Federal Funds Rate: Click Here Rob Booker Live Videos Here Be sure to check out Rob’s brand new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Fri, 9 October 2015
Welcome to The Traders Podcast Episode 465! Happy Friday fellow traders! On today’s show your host Rob Booker answers talks about a trading inquiry from Mark in the TFL chatroom about how to know when to close a winning trade. Rob encourages us to think as long term investors as opposed to short term speculators. If we think of ourselves as professional, big time investors who are accountable for how we handle huge amounts of other people’s money, it will be clear what we should do. You’ll love today’s show! 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 new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Thu, 8 October 2015
Hello Traders Podcast listeners! Welcome to Episode 464. In today’s episode Rob thanks you for all of your positive feedback regarding the recent podcasts. He loves hearing from you! Many of you have asked, “Where is Jason Pyles?” Rob promises to bring Jason back on for a reunion show very soon. For the topic of today’s show Rob discusses how Jet.com and Oracle.com compare to Amazon.com. This business news is fascinating and insightful to our strategies as traders. How does Amazon stay on top? They reduce customer anxiety. It’s magic. So, how can you apply this trick to your trading? Listen in to find out! Call and leave us a voicemail: (801) 382-8789 Links for this episode: For Effective Federal Funds Rate: Click Here Rob Booker Live Videos Here Be sure to check out Rob’s brand new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Wed, 7 October 2015
Hello Traders Podcast listeners! Welcome to Episode 463. In today’s episode Rob shares a listener text question from a trader named Dave. Dave is asking how to maintain even keel emotions while trading. Rob shares 10 practices that will make a huge difference. 10 IDEAS FOR CONTROLLING YOUR EMOTIONS IN TRADING 1) Get a cat and turn over all trading responsibilities to the feline. There is no chance the cat is going to give a crap about Twitter’s earnings, or the Australian Vegemite Index. Because this is impractical, here are some other ideas. 2) Start the practice of meditation. If you are unfamiliar with meditation, I have one book and one app to recommend: Meditation will help you focus on the present moment. This is powerful stuff. When you are fully immersed in what you are doing, well, it’s like having a superpower. This is not about avoiding your emotions. It has everything to do with identifying that, for instance, you are worried about your current trade. You observe the worry. You watch it pop up to the surface, like the bubble of air on the surface of a river. Then you watch the bubble pop, disappear, and move along. If another bubble arises, you watch that one too. Meditation taught me to allow emotions, rather than fight them. Allowing an emotion meant that I didn’t judge myself for feeling upset about a trade. I observed the “upsetness.” Then I let it move along. I didn’t linger on emotions, neither did I avoid them. It’s powerful stuff because it’s the essence of coming to peace with who we really are, in the quiet moments. 3) Learn to walk away from harsh judgment. We wind ourselves up in a ball of emotion about trading sometimes because we feel that the outcome of our trades carries so much weight. We imagine that someone external to us (perhaps invisible, maybe even dead) will judge us for the outcome of the trade. I am not going to say that you need to forgive yourself. I want to go beyond that. To say that you might need forgiveness suggests that trading involves lots of questions of right or wrong. I’d rather talk about simply becoming a rational individual. You can get more benefit, faster, if you simply become a more rational person than from almost anything else. (By the way, the fastest way to improve is to reduce your trade size). So this is not about forgetting your mistakes. It’s important to rationally consider things you do wrong, but then move on and make strong, determined decisions about how you are going to act differently the next time around. 4) Realize acting differently next time around has everything to do with the way you run your brain. This means that you adopt a mindset of thinking rationally. I don’t have time in this post to give you a full overview of rational thinking, but here is a book that will help you do it: Rational thinking is (by my definition) the art of doing this: For any event or activity that you do, you assign a probability of certain outcomes to it. For a trade, you honestly consider the circumstances surrounding the trade and then you assign a mental (rough, estimated) probability to it. I’ll give you two examples: a) You open The Twitter and Baron Von Gunther Educationburg IV recommends buying Canadian Dollars because he overheard something on the trading floor of Goldberg Stacks, Incorporated. You take a big trade because Baron Von Gunther Educationburg IV looks like a smart dude, and he’s sort of handsome. And has a lot of followers. A rational look at this situation says: You are swayed by the number of followers. You are swayed by the authority behind using the name Goldberg Stacks, a famous investment bank. You love Canadian hockey so your bias is even increased. The opportunity is easily accessible so you favor it over a trade idea that might take more time to uncover. These are all immediate biases, irrational thinking mistakes that we all make. If you look at the situation honestly, this isn’t a very good trade idea. The probability that you are going to make money is slim. The probability that you’ll get emotional about it is high. b) You wake up at 3am and read recent earnings reports of biotech firms. You look for firms in stage 2 or 3 trials of drugs. You look for the words “going forward we have reason to believe our earnings are going to beat estimates,” rather than, “we are dampening expectations.” You only take a trade if the company’s stock dropped and gives you a good price. You commit a very small amount to your first trade. So now you have done a lot of honest thinking about the opportunities. This kind of thinking is more rational. It’s not fully rational (we rarely are). But the probability that you can confidently stay in this trade if it goes wrong is higher. The probability that you can work your way out of this trade if it goes wrong is high. The probability that you are going to pee your pants about this trade … well it’s low, as long as you don’t have trouble controlling your pee. In which case you might look back at some of those biotech stocks. What I am saying is that it’s a good idea to train your brain to identify the ways that we take demented shortcuts to arriving at conclusions. My friend Terry Larsen used to say, “I get all my exercise by jumping to conclusions.” And that’s true for many of us. It’s important to train our brains to stall the temptation to do that irrational exercise. 5) Take cold baths, do cardio exercise, exhaust yourself, and eat less sugar. One way to become more rational and less emotional about your trading is to strengthen your physical body. I will spend more time on this subject another time. But if you do just one of the things on that list, you’re going to be standing on more solid emotional ground. Let me know how you deal with emotions in trading. I’d love to hear from you. You can text me at 304-281-8332, and you can use WhatsApp if you live outside the U.S. Have the best day ever Rob Call and leave us a voicemail: (801) 382-8789 Links for this episode: For Effective Federal Funds Rate: Click Here Rob Booker Live Videos Here Be sure to check out Rob’s brand new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Tue, 6 October 2015
Welcome to The Traders Podcast Episode 462! Your host Rob Booker answers a very enthusiastic listener text message from Halen in the 304 area code. Because he is ever growing as an individual and as a human, you’ll notice that Rob tempers dark Rob exceptionally well in today’s episode. Today, you’re going to get some great advice on how to trust your trading experience, but not too much, of course. You’ll love today’s show! 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 new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Mon, 5 October 2015
Hello Traders Podcast listeners! Welcome to Episode 461. In today’s episode Rob introduces a completely new way to think about a trade, in fact, every trade you take. Decide, as you are researching and preparing a trade that you are going to make it work. Enjoy the show! Call and leave us a voicemail: (801) 382-8789 Links for this episode: For Effective Federal Funds Rate: Click Here Rob Booker Live Videos Here Be sure to check out Rob’s brand new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Mon, 5 October 2015
Hello Traders Podcast listeners! Welcome to Episode 460. Today Rob poses an interesting question. Yes, a fantasy question. If you could have any superpower, what would you choose? Then, apply this to your trading and really think about how much of a difference it would make. Would you be happier? Then, Rob leads us through considering what we are already doing well and focusing on that. Enjoy the show! Call and leave us a voicemail: (801) 382-8789 Links for this episode: For Effective Federal Funds Rate: Click Here Rob Booker Live Videos Here Be sure to check out Rob’s brand new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Thu, 1 October 2015
Welcome to The Traders Podcast Episode 459! Your host Rob Booker talks about the comments that have been made lately by Carl Icahn. Rob explains what is in the making and way. Know which financial markets will be affected. You’ll love today’s show! 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 new audio 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 new daily show! Rise and Shine Podcast Get our Traders Podcast App for iPhone Get our Traders Podcast App for Android devices! Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast |
Podcast Episodes – Traders Podcast
Categories
generalPodcast Episodes
Dark Rob
Automated Trading
Archives
FebruaryJanuary
December
July
June
March
February
January
October
August
July
June
May
April
March
February
January
December
November
October
September
October
July
June
May
March
February
January
December
November
October
September
August
July
June
May
April
March
February
January
December
November
October
September
August
July
June
May
April
March
February
January
December
November
October
September
August
July
June
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | 31 |
Syndication
