Ep 576: Bot-A-Thon or: How to Trade When You Already Have a Full-Time Job




The Traders Podcast with Rob Booker show

Summary: In Episode 576 of The Traders Podcast, your host Rob Booker talks to the producer Jason Pyles about a text he received from Paul, who works a full-time career as a pilot. Because Paul travels on long-haul flights, it proves to be difficult for him to monitor his trades. Many currency traders complain that they can’t trade as their full-time job because they already have to work a non-trading-related full-time job and can’t be distracted by devoting their time and attention toward the markets. But that’s where automated trading can be helpful. In Episode 576, Rob talks about some of the finer points of robot trading. Thanks for listening to The Traders Podcast. We release new episodes every Tuesday and Thursday. Subscribe free in iTunes and join us! Links for this episode: Subscribe to Rob's YouTube channel here: <a href="https://youtube.com/robbooker" target="_blank" rel="noopener">https://youtube.com/robbooker</a> Rob on Twitter: <a href="https://twitter.com/robbooker" target="_blank" rel="noopener">@RobBooker</a> The Traders Podcast on Twitter: <a href="https://twitter.com/traderspodcast" target="_blank" rel="noopener">@TradersPodcast</a> <a href="http://tfl365.com/" target="_blank" rel="noopener">TFL365.com</a> <a href="http://www.traderinterviews.com/" target="_blank" rel="noopener">Trader Interviews.com</a> Jason’s movie podcasts: <a href="http://moviepodcastweekly.com/" target="_blank" rel="noopener">Movie Podcast Weekly</a> Jason’s comedic show where he and some friends review new movies in theaters. Movie Podcast Network Twitter: <a href="https://twitter.com/MovieCastNetwrk" target="_blank" rel="noopener">@MovieCastNetwrk</a> Full Episode Transcript: Rob: Mr. Pyles, I got a text message from one of our listeners. Jason: Oh, did you? I love when the listeners text you at your personal phone number. Rob: All right. So years and years and years ago, like when we were doing trader radio. Jason: Mm-hmm. Back in the day. Rob: A hundred years ago, one of our listener's name was Paul. I won't give Paul's name, but one of our listener's names was Paul. Paul's a long haul pilot for Delta. London, Paris, Amsterdam, Barcelona, Beijing, Dublin, Honolulu, Japan. Now, Delta doesn't fly to Houston, so I don't get to see him. Well, he texted me the other day. I haven't heard from him in just years. He texted me. Now he's doing a route from wherever. I don't know where his home base is now, but Salt Lake and also Honolulu, which is just awesome stuff. Anyway, he's like I'm getting back into it. Here's what he writes, he writes, "Hey. I just grabbed your lifetime membership deal. I've known you for a long time. Have you lost your mind? That's a lot of value. Thank you. Looking forward to getting some time with you between flights. I need to fly less, help my folks, and help my family. One of my family members has an issue with vertigo. Plus I'm going to retire someday. Wouldn't mind cutting that retirement short. Move to Florida a few years ago from Long Island. Hope's all well with you. My cousin is near to you in Houston and she works in mission control maybe we can go on a tour of a lifetime if I go over there." Jason: Oh, nice. Jason: Lots of updates there. Rob: How would you handle trading if you were a pilot and all these long haul flights? I remember talking to him about this. Jason: Oh, my. Rob: Way back when. Like how difficult it is to juggle flying, trading, all that stuff. Jason: Well, I think there are two ways to handle it. At least two that I can see, Rob. It's have a trusted trading partner for when you're in the air, or to use a stop loss, right? Rob: Yeah, that's a good plan. Jason: Okay. So those are probably the boring answers. I bet you have a more exciting way. Rob: No, I love your answers. I love it when you comment on this stuff. Jason: Okay. I know because it's like ... Rob: I love it. I'm in the process now a year plus ago,