The Traders Podcast with Rob Booker show

The Traders Podcast with Rob Booker

Summary: A podcast about living better and trading more profitably. New episodes are released every Monday and Wednesday at 8 a.m. Eastern time.

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 Episode 232: A Thousand-Pip Trade and Whether You Should Take Your Profit Targets Off Your Trades | File Type: audio/mpeg | Duration: 19:07

Episode 232 features your host Rob Booker speaking with veteran trader Jared Johnson, the CEO and founder of Day Traders FX.com. Rob and Jared get together in sunny Arizona and speak about matters of the heart, such as a thousand-pip trade that Jared once reeled in like a blue marlin. This leads to a conversation about reflecting on The Big Wins, as well as the usefulness (or detriment) of pondering The Big Losses. Rob and Jared also spend time talking about short-term trading and long-term trading. This episode is a good mix of the traders' talk you've come to expect from The Traders Podcast. Thanks for listening. Other links for this episode: Jared's Web site: Day Traders FX.com Jared on Twitter: @DayTradersFX TFL365.com Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com Trader Interviews.com

 Episode 231: An Impromptu Phone Call to the Traders Expo | File Type: audio/mpeg | Duration: 13:21

Welcome to Episode 231 of The Traders Podcast. For this show, Jason the producer surprised Rob with an impromptu phone call while he was still at the International Traders Expo in New York City last week. So, in this interview, Rob describes what made the expo better this year. He also talks about the opportunities for networking with other traders. This leads to a conversation about potential ideas for meet-ups, both online and in-person. Rob also mentions how you can watch some of the expo presentations online, if you can't make it to the show. Rob says that the expo no longer allows presenters to give you sales pitches; however, in the "dirt section," Rob discusses something that might be intriguing to anyone who's launching a product or a service related to traders. Give it a listen! We think you'll have a good time. Links for this episode: Twitter: @RobBooker TFL365.com The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com

 Episode 230: A Few Lessons From The International Traders Expo in New York City | File Type: audio/mpeg | Duration: 16:48

Welcome to Episode 230 of The Traders Podcast. During this show, your host Rob Booker regales us with his adventures and experiences at The International Traders Expo in New York City that took place over the past few days from February 16 through 18. While at the expo, Rob listened for some lessons that might interest the podcast listeners out there who weren't able to attend. Rob talks about sitting in on the presentation of long-time futures trader John Person (of PersonsPlanet.com), who discussed the dropping stock of Starbucks Coffee Company. Next Rob describes a distribution bar, which is a fascinating term he heard at the conference. Rob also quotes John Person again, who commented that on the daily chart, the futures contract on natural gas has printed five Doji candles in a row, which signifies a reversal pattern or a big turn-around on the horizon. All of these and a few more tidbits from the New York Expo are highlighted here in Episode 230 of The Traders Podcast. Join us! Links for this episode: Twitter: @RobBooker TFL365.com The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com

 Episode 229: Developing a Product of Your Own | File Type: audio/mpeg | Duration: 16:25

In Episode 229, your host Rob Booker welcomes special guest Joel Kruger, who has worked on the inside of the trading industry. Joel worked for a broker and did analysis, but he recently left the inside of retail broker world in 2013, so Rob asks him why... Rob also talks with Joel about a product he developed called First Macro. Rob also explores the challenges of developing a product of one's own, including certain pitfall logistics, like finding a programmer that's trustworthy and affordable. So, if you're the kind of person who has been tempted to develop your own product, this is definitely an episode for you. Thanks for listening. Links for this episode: First Macro.com Twitter: @RobBooker TFL365.com The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com

 Episode 228: When You’re Trading for the Long Term | File Type: audio/mpeg | Duration: 18:03

Episode 228 of The Traders Podcast begins with your host Rob Booker following up on what happened with his attempt to purchase bitcoin earlier this week. Next Rob talks about how in 2014 he has switched to trading for the bigger trends and the bigger moves. Rob is now going for much longer term trades, working from the four-hour charts. To illustrate Rob's philosophies on long-term trading, he tells a true story about his friend, Matt, who wanted a two-seater, Mercedes coupe (circa the year 2000) but only wanted to pay a certain price for it... This story leads into a follow-up story about how Matt's experience influenced Rob's actions when he found himself in a comparable situation. So, if you've been considering trading for the long term, Rob gives you some tips in Episode 228. Don't miss it! Thanks for listening. Links for this episode: Twitter: @RobBooker TFL365.com The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com

 Episode 227: Does a Flash Crash for the Honey Badger of Money Mark a Good Time to Get In? | File Type: audio/mpeg | Duration: 24:29

In Episode 227, your host Rob Booker is joined with special guest Commander Rob Wilson to talk about today's newsworthy event: Mt. Gox, a major currency exchanger, announced that it is halting all transactions on its exchange, which sent the price of bitcoin dropping... While Rob Booker expresses sympathy for anyone caught in the crossfire of this flash crash, he reassures that bitcoin will survive this — and the question is — does this provide a good time to buy bitcoin? Both Robs say yes! So, Rob Booker is going to jump on the wagon and start buying some bitcoin and put his first $1,000 into bitcoin, stage himself into something and build a position. Hear this fascinating conversation and more during Episode 227 of The Traders Podcast. Links for this episode: Bitscan.com Twitter: @RobBooker TFL365.com The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com

 Episode 226: Sea-Monkeys or: How Hard It Is to Run a Company Like Microsoft | File Type: audio/mpeg | Duration: 20:29

Hi, and welcome to Episode 226 of The Traders Podcast, where your host Rob Booker teaches by using unusual topics like "Sea-Monkeys." Actually, Rob's discussion today is about Sea-Monkeys and how hard it is to run a company like Microsoft. The connection is clear... So, after entertaining us with his thoughts about the mysterious novelty pets, Rob discusses how Microsoft went on a gigantic search for a new CEO and recently appointed Satya Nadella. Rob talks about how this kind of high-profile CEO search often results in disappointment, and he explains how this occurs (using Sea-Monkeys). And of course, Rob does one of the things he does best — he makes this conversation applicable to your own trading. Be sure to listen! Rob's book recommendation: Good to Great by Jim Collins Post-episode Sea-Monkey addenda from Jason the producer: According to Wikipedia, Sea-Monkeys are in fact brine shrimp. Here is a very interesting excerpt from the Wiki article: "The astronaut John Glenn took Sea-Monkeys into space on October 29, 1998 aboard Space Shuttle Discovery during mission STS-95. After nine days in space, they were returned to Earth, and hatched eight weeks later apparently unaffected by their travels." Links for this episode: Twitter: @RobBooker TFL365.com The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com

 Episode 225: Soylent Green Is People | File Type: audio/mpeg | Duration: 24:35

In this dark episode of The Traders Podcast, your host and Prophet of Doom, Rob Booker, talks with Jason the producer about the nature of companies in our new economy. Rob says companies these days don't seem to end well. He says the nature of stocks traded on the NYSE 60 years ago look very different than those traded today. Quick — think about the first company that pops into your mind: Probably a technology stock of some sort, right? Google. Apple. Well, in Episode 225, Rob suggests that people wouldn't commonly think of Vanderbilt Railroads or any other company that truly "makes" something tangible. Rob says that companies used to make things for us; now companies make us into things. Soylent Green is people. Google doesn't make anything; instead, Google makes us do things! Google makes glasses so it can make you into a Google-bot. Instagram, for example, literally doesn't make anything. We make the pictures! We are the factory workers! We are the production mechanism. Hear this and many more conspiracy theories during a memorable Episode 225 of The Traders Podcast. Thanks for listening. Links for this episode: Twitter: @RobBooker TFL365.com The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com

 Episode 224: Not Gold, But Bitcoin | File Type: audio/mpeg | Duration: 22:00

In Episode 224, Rob muses about what we should invest in, given that the world is coming to an end via economic collapse. This leads Rob to talk about the significance of water and water-cleansing technologies. Rob also discusses the value of farmland, as well as the growing importance of companies like Tesla Motors. Rob draws some parallels in the reasons for the relevance of all the above. Rob also discusses bitcoin, and how whatever we thought was going to happen with gold is actually going to happen with bitcoin! Bold claims and conspiracy theories abound in Episode 224 of The Traders Podcast. Give us a listen! Links for this episode: Twitter: @RobBooker TFL365.com The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com

 Episode 223: The Truth About Global Currency Reset, Gold and the Value of the U.S. Dollar | File Type: audio/mpeg | Duration: 31:06

In this controversial episode of The Traders Podcast, your host Rob Booker gives you "The Truth About Global Currency Reset, Gold and the Value of the U.S. Dollar." Rob begins by talking about the theories behind GCR and some alternate views, and then he gives his own perspective on a GCR and what we could do to prepare for a turbulent future. You won't want to miss this episode. It might just make you mad — so leave us a comment below. We'd love to hear your thoughts. Thanks for listening to The Traders Podcast. Links for this episode: Twitter: @RobBooker TFL365.com The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com

 Episode 222: Moon Shots for Traders | File Type: audio/mpeg | Duration: 18:06

In Episode 222 of The Traders Podcast, your host Rob Booker muses about Google's stock and Google X's "moon shot" projects. Rob wonders whether it's appropriate for Google to be investing so much money into projects that will likely be unsuccessful. Rob reads through a number of these fantastical projects; then he considers what might be the equivalent of "moon shots" for traders. Rob asks if traders can (or should) be involved in their own moon shot projects, and then Rob proceeds to list some ideas of possible moon shots that traders can take. Next Rob talks about a book called Selective Forex Trading: How to Achieve Over 100 Trades in a Row Without a Loss by Don Snellgrove. All of this and more in Episode 222 of The Traders Podcast. Don't miss it! Thanks for listening. Links for this episode: Twitter: @RobBooker TFL365.com The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com

 Episode 221: Dark Rob and Raghee Horner’s Tomato Can Currencies | File Type: audio/mpeg | Duration: 23:37

For Episode 221 of The Traders Podcast, your host Rob Booker catches up with one of our favorite guests, the great Raghee Horner of Trade Forex Futures.com. First, Rob and Raghee talk about Timothy Ferriss’s concept of “The Four-Hour Work Week” and the feasibility of outsourcing one’s own life. That leads to a discussion of the merits and possibilities of trading for only one hour each day. Next Rob talks about the solitude that can come from being a trader, which he personally appreciates. Then we hear a tired, “Dark Rob” (as Raghee terms him) share some hilarious thoughts about how he doesn’t want to shoulder other people’s drama or personal tragedies anymore. Rob and Raghee agree that one must choose the people in life that one is willing to ride the roller coaster with, and similarly, one must pick the financial instruments with which one is willing to get involved. Raghee defines “tomato can currencies” and explains why these are important to her trading. All of this and so much more in Episode 221 of The Traders Podcast. Thanks for listening! The International Traders Expo When: February 16—18, 2014 Where: Marriott Marquis Hotel, New York Raghee's schedule: Sunday, February 16, 2014, 1 p.m. to 5 p.m. - Four Hours to Forex Trading Rob's schedule: Monday, February 17, 2014, 11:15 a.m. to 12:30 p.m. - How to Uncover Blockbuster Breakout Trades With Pivots Monday, February 17, 2014, 2:15 p.m. to 2:45 p.m. - High-Probability Trade Set-ups on Forex, Indexes and Stocks Links for this episode: Find Raghee at Trade Forex Futures.com Raghee on Twitter: @RagheeHorner Twitter: @RobBooker TFL365.com The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com

 Episode 220: Having an Interest in Trading vs. Actually Trading | File Type: audio/mpeg | Duration: 22:22

In Episode 220 of The Traders Podcast, your host Rob Booker catches up with “The Coach” — Scott Welsh, co-creator of the Bossilator course and a peak-performance instructor who resides in Columbus, Ohio. Rob talks to Scott about goal-setting with a robot, and Scott discusses the crucial chasm and transition between having a desire to attempt trading versus actually starting to trade. Rob and Scott spend some more time talking about automated trading in 2014 and many other great topics, so tune in! Thanks for listening. Links for this episode: Scott's Blog E-mail Scott: ScotWelsh ( AT ) gmail ( DOT ) com Scott on Twitter: @SWelsh66 We also recommend listening to this popular episode featuring Scott Welsh: Ep. 34: Peak Performance Athletics and Trading for a Living From Home TFL365.com Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com

 Episode 219: The Scalper’s Mentality and Long-Term Trading | File Type: audio/mpeg | Duration: 17:23

In this episode of The Traders Podcast, your host Rob Booker responds to a tweet he received from someone who said he'd love to be a long-term trader, but his scalper mentality doesn't work well with long-term trades. So, as one might expect, Rob launches into all the possible definitions of "scalping" and a little history on the word's unpleasant origins. Then Rob explores scalping in the trading sense and examines a few reasons why this sort of scalping can be problematic (though, admittedly, not nearly as problematic as the brutal war-time practice). Nevertheless, Rob also briefly addresses what constitutes effective short-term trading and promises a future episode on this topic. Tune in and enjoy, and thanks for listening to The Traders Podcast. Links for this episode: TFL365.com Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com Trader Interviews.com

 Episode 218: Technology Stocks, Water and DiCarlo’s Pizza | File Type: audio/mpeg | Duration: 33:15

For Episode 218, your host Rob Booker speaks with veteran trader Jared Johnson, the CEO, founder and president of Day Traders FX.com about some actual trading advice. Rob and Jared take a look at the bull market that we're currently experiencing and how traders are approaching the trending market. They also talk about how the buy-and-hold era is dead and gone. And Rob and Jared also explain why they're keeping an ear to the ground on technologies surrounding water and solar energy. All of these delights and so much more wait for you in Episode 218 of The Traders Podcast. Other links for this episode: TFL365.com Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com Trader Interviews.com

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