Episode 509: Ask Rob – The Scary Truth About Trading Plans




The Traders Podcast with Rob Booker show

Summary: Welcome this morning's addition of Ask Rob on The Traders Podcast! Today we are bringing you episode 509! Your host Rob Booker shares a text message that he received from Dan in Australia. As you develop your trading plan you might start to want someone else to look it over and approve it. Rob talks about actions that you can take instead of developing a comprehensive trading plan. You need to have a standard trade size. If you want a larger trade size you need to have a stop loss. Next, what do you do easily? Pick a financial instrument that you can trade well. Thanks for listening! Call and leave us a voicemail: (801) 382-8789 Links for this episode: Rob Booker Live Videos <a href="http://robbookerlive.com/" target="_blank">Here</a> Be sure to check out Rob's podcast called the <a href="https://itunes.apple.com/us/podcast/ideas-for-online-business/id976477981?mt=2" target="_blank">Ideas for Online Business Podcast</a>. You can hear it every week day. Don't miss it! The Traders Podcast is now on <a href="https://soundcloud.com/the-traders-podcast/" target="_blank">Soundcloud</a>! Rob, Jason and Scott Welsh's daily show! <a href="http://riseandshinepodcast.com/" target="_blank">Rise and Shine Podcast</a> Get our Traders Podcast <a href="https://itunes.apple.com/us/app/traders-podcast/id899109388?mt=8" target="_blank">App for iPhone</a> Get our Traders Podcast <a href="https://play.google.com/store/apps/details?id=com.conduit.app_0197f8a63c57405181cced5fadf5cabd.app" target="_blank">App for Android devices</a>! <a href="http://www.robbooker.com/" target="_blank">Rob Booker.com</a> <a href="http://www.robbooker.com/mail/" target="_blank">RobBooker.com/mail</a> Rob on Twitter: <a href="https://twitter.com/robbooker" target="_blank">@RobBooker</a> The Traders Podcast on Twitter: <a href="https://twitter.com/traderspodcast" target="_blank">@TradersPodcast</a> <a href="http://tfl365.com/" target="_blank">TFL365.com</a> <a href="http://www.traderinterviews.com/" target="_blank">Trader Interviews.com</a>