The Traders Podcast with Rob Booker

Well, 2014 is already six days under way, and we're grateful that you're still listening to The Traders Podcast. In Episode 217, your host Rob Booker investigates the age-old question: How do I cut off my losing trades quickly? He talks about having a daily or weekly "watch list" and a standard, of sorts, for trading. Rob also talks about the benefits of making up your mind ahead of time (as opposed to having to make crucial decisions while in the heat of the moment). Also, Rob highly recommends our friend and frequent guest Shonn Campbell's new Kindle book, The Death of My Friend, "The Trader." 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

Happy new year! Welcome to 2014. In this episode, your hosts Rob Booker and Jason Pyles talk about the usual new year's topics... Rob explains how effective goal-setting is really just good forecasting, and he talks more about setting goals on a 10-week year type of schedule. And Jason talks about his Fear of Failure when it comes to goal-setting, and Rob gives us his talk about fear and failure. You'll also hear what Rob thinks is going to happen in 2014, and Rob and Jason discuss their most anticipated movies of this new year. Oh, and here is the Jonathan Nolan / Dark Knight interview in three parts below. Thanks for listening and happy 2014! Jonathan Nolan - Dark Knight interview (PART 1) Jonathan Nolan - Dark Knight interview (PART 2) Jonathan Nolan - Dark Knight interview (PART 3) 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

As we wrap up the end of 2013, your host Rob Booker and the producer Jason Pyles discuss Martin Scorsese's scandalous new film, "The Wolf of Wall Street." Having read the book that this movie is adapted from, Rob gives us his 2 cents and talks about the degree of realism this movie achieves. This episode begins with Rob asking for Jason's Top 10 Movies of 2013 list. And we conclude this episode with Rob's recommendation of the greatest thing he's read all year, as well as a little reflection on the podcast episodes released in 2013. Thanks for listening, and happy new year! 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

Merry Christmas! Welcome to Episode 214 of The Traders Podcast. Your host Rob Booker and his producer, Jason Pyles, recorded this show on Christmas Eve, and we hope you'll find it to be an enjoyable stocking-stuffer. For this show, Rob and Jason delve into the mysterious world of bitcoin digital currency. Inevitably, they also briefly talk about the Deep Web and The Silk Road. Rob and Jason also discuss whether it would be wise to get in on some of this bitcoin action... And naturally, there's discussion about how "Matrix-like" bitcoin is — and whether a government could ever track it well enough to tax it. Will bitcoin or gold (or something else) be the answer when the end-of-the-world apocalypse comes? Rob also talks about why you should consider purchasing some land in Montana, whether social media has an value on a long-term basis, and some other things. All of these wacky topics and many more are waiting for you in this special, 40-minute Christmas episode of The Traders Podcast. Thanks for listening. Merry Christmas! Here is a bitcoin chart, as promised: Bitcoin Chart 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

Buckle up! Episode 213 of The Traders Podcast has a little edge to it. Your host Rob Booker warns that his 23 Rules for Trading may be a bit vulgar. He calls them the rules that he can't share with your children, your parents or your grandparents. In this episode you'll hear rules like, The Market Likes It Rough; and Size Does Matter; and If You Don't Have Size, Have Some Skills, just to name a few. Rob also reveals what was the dumbest thing anybody ever said to him, as well as specific instructions for how to prepare to be a trader on Wall Street. This episode is quite memorable, indeed. Especially Rule 20. Thanks for listening. Links for this episode: Rob says read this now: How I Failed My Way to Success by Scott Adams And this: The Spirit of Kaizen TFL365.com Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com Trader Interviews.com

In Episode 212 of The Traders Podcast, your host Rob Booker and his producer, Jason Pyles, dip into the mailbag, so to speak, and address some comments left on the Web site. First they talk about a comment from Tracey, which leads Rob and Jason to talk about whether they should be angrier on the podcast. They also discuss "The Walking Dead," which leads to a conversation about our patience and tolerance for letting a trade go sideways. Next we read a question from Ryan about Rob's forthcoming book(s), so Rob describes "Man vs. Market" and a second book that may tentatively be titled "The Market Doesn't Give an F— About You." Rob also answers a comment from Bernie about containing losses, and Felix asks about Rob's Wallaby indicator. Rob and Jason also answer the question: How long will The Traders Podcast last? How many episodes will it release? Listen to Episode 212 to find out! Thanks for your comments. 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

In Episode 211, your favorite armchair philosopher and podcast host Rob Booker describes the unseemly text message chain that's been created over the past 8 months through his correspondence with fellow traders Shonn Campbell and Matt LaCoco. The subject of this episode was sparked when Shonn sent a page from a book he's reading, and Rob shares this excerpt about some naked wise men sitting in the path of Alexander the Great. This little anecdote leads to some musing about ambition. Rob tells us the truth about ambition — what it is, and what it isn't; when it's useful and when it's useless. So, listen to Episode 211 and get ready to philosophize with 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

In Episode 210, your host Rob Booker asks, "How do you become a confident trader?" He answers by recounting more of his adventures from his trading tour from April of this year. Rob tells the story of David, an amazing friend he visited during his trip. In this episode Rob asks if we can want something too badly. Rob talks about how confident traders don't "chase the market." Rob says his friend David chased the market, so he gave him counsel to help David get what he wants from the market. Rob gives some steps to also help the listeners of this podcast get what they want. If you're tired and breathless from chasing the market, listen to this episode and start making the market work for you, because confident traders don't chase the market. 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

Welcome to The Traders Podcast. In Episode 209, your host Rob Booker talks about when all the wind is out of your sails and you just don’t feel like doing anything. He describes those days where you’ve missed a trade, and it completely drains you of your enthusiasm for trading. Rob also talks about the times when you’re stalking a trade like a creeper — and after stalking it forever — it still never triggers. Rob calls these severe emotional swings “Trading Bipolarism.” He describes an experience he had with this phenomenon over the Thanksgiving holiday. Jason asks Rob if there’s a way to be preemptive and stop Trading Bipolarism before it sets in. Rob talks about turning a perfectionist into a procrastinator. And Rob also discusses the problem with looking for a quick fix as a coping mechanism in order to avoid other things. But Rob and Jason bring it home by discussing the benefits of calling upon past happiness — true victories that truly mattered — in order to get you through the present. If you’re a trader, then you’ve probably already experienced Trading Bipolarism, so you don’t want to miss this one! Thanks for listening. Links for this episode: Note: Many of these Furious Pete videos are NOT suitable for a workplace environment due to profanity: A Few Furious Pete Videos: Before and After Photos The Donut Challenge! 17 Jelly Donuts in Under 2 Minutes 150 Warheads! Lemon Juice Chugging (has profanity) Giant Ice Cream Brain Freeze in Japan TFL365.com Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com Trader Interviews.com

Episode 208 is a sifting episode — a Traders Podcast episode to help separate the sheep from the goats, or more precisely, the Loser Trader from the Confident Trader. In this show, your host Rob Booker will describe the characteristics of the Loser Trader versus the characteristics of the Confident Trader. Which one are you? Rob says the Loser Trader is obsessed with loss and all the “could have beens” and “should have dones.” The Loser Trader wastes time thinking about losses. His previous trade affects his next trade. He wishes he could have his money back. The Loser Trader often allows himself to feel guilt, sorrow and shame. Next Rob contrasts the Loser Trader with the mind of the Confident Trader, the trader who lives a simple life and never dwells on the past. The Confident Trader’s goal is to practice right trading, not to make a certain amount of money per day. The Confident Trader has an infinite time horizon. In Episode 208 Rob spends time describing both types. Again, we ask you to ponder... which kind of trader are you? 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

We hope you had a nice Thanksgiving. For Episode 207, your host Rob Booker spends more time exploring the subject of “process,” an approach to trading discussed in Episode 202, where goals don’t really matter; all that matters is having a process. Also in this episode, you’ll hear about how Shonn Campbell directed Rob’s attention to an article in the Wall Street Journal by Scott Adams titled Secret of Success: Failure by Scott Adams. Rob uses this article and his memory of a breakfast he had with Shonn Campbell, Matt LaCoco and Bradley Fried in April 2013, to ultimately talk about spending less time trading while making more money, struggling less — and winning more. Don’t miss it! Links for this episode: Secret of Success: Failure by Scott Adams TFL365.com Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com Trader Interviews.com

Happy Thanksgiving! For Episode 206, your host Rob Booker solocasts and recounts a tale from April 2013 when he and Bradley Fried traveled across America, talking to traders. Rob says there are no original stories and explains why trading is the worst place to play God. He also talks about a common phenomenon where people think they're different (when they're actually not). And Rob tells a story of an adventure he had in a bookstore as an eavesdropper. All this and more in Episode 206 of The Traders Podcast. Thanks for listening. 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

For Episode 205, your host Rob Booker muses about the facets of change. Rob also talks about two steps that traders can take to avoid the equivalent of “home buyers’ remorse” in trading. Rob also discusses scaling in to a position. Rob talks about our tendency to add to our losing positions and yet, when things are going well, we tend to slam on the brakes. Rob also recommends some good resources for traders during this episode. You can find some good information by going to Investopedia.com and looking up support and resistance. Rob also recommends reading Pring on Price Patterns by Martin Pring. Then there’s Edwards and McGee’s Technical Analysis of Stock Trends — another great resource. Also, Rob says you can order excellent DVDs on support and resistance trading at FXStreet.com. And Rob says you should also check out Edge Trading.co. 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

In this final part 3 of 3 series of episodes (spanning 202 through 204), your host Rob Booker addresses a third way of thinking about trading that isn’t goal oriented or process oriented. The Shoshin or "Beginner’s Mind" Approach to trading completely disregards ambition, and instead, actually assumes an attitude that is the opposite of ambitious. This approach comes from the idea of getting something by not striving to get something! Rob grounds this abstract discussion by citing a few passages from his all-time favorite book, Zen Mind, Beginner's Mind. And during this episode, Rob addresses the phenomenon of the uncanny “beginner’s luck” that brand-new traders often enjoy as they begin their journey with the market. In this episode, Rob also talks about how a trader might go about releasing his or her ego and becoming one with the market. So, tune in and be at peace with The Traders Podcast. Links for this episode: Rob recommends this book: Zen Mind, Beginner's Mind TFL365.com Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com Trader Interviews.com

In the previous episode of The Traders Podcast, your host Rob Booker discussed committing to a process, rather than an end result. Episode 203 is part 2 of this discussion where Rob lays out a second methodology based solely on goals and outcomes. No limits. No boundaries. A mix between the law of attraction and the law of the jungle. So, Rob details the finer points of this “Alpha Cave-Person Approach,” and then he talks about how this Wild West sort of approach relates to having a 10-week year. This discussion is the second part of a three-part series that spans over Episodes 202 through 204 of The Traders Podcast. Don’t miss it! Links for this episode: Looking Into Your Future (audio CD): Stephan A. Schwartz.com TFL365.com Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com Trader Interviews.com