The Traders Podcast with Rob Booker

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!

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The Traders Podcast with Rob Booker

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!

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The Traders Podcast with Rob Booker

Good morning Traders Podcast listeners! Your host is Rob Booker and today in Episode 528 producer Jason Pyles reads a question from Dan. Dan wants to know the ideal amount of money to keep in his trading account. Rob shares what he does personally and what he recommends to other traders. Dan also wanted to hear more about the trader who succeeded in trading the British Pound / Japanese Yen, so Rob elaborates on that as well. Thanks for listening in!

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The Traders Podcast with Rob Booker

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!

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The Traders Podcast with Rob Booker

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!

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