Summary: In Episode 568 of The Traders Podcast, your hosts Rob Booker and the producer Jason Pyles talk about fear and how bad experiences with trading can haunt you and tend to affect your perception of yourself and your ability to trade successfully. Jason cites singer-songwriter Glen Phillips who sings about this victim-mentality rut in his song, “Professional Victim.” Technically, the possibility of success always exists, so it’s never completely impossible to make money. Unfortunately, sometimes we convince ourselves of the defeatist C-3PO perspective that “we seem to be made to suffer” and that being an unprofitable trader is just “our lot in life.” Join us for Episode 568, so Rob can explain how to break out of the victim cycle of abuse from the currency markets. Thanks for listening to The Traders Podcast. We release new episodes every Tuesday and Thursday. Subscribe free in iTunes and leave us a review! 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://moviepodcast.network/" target="_blank" rel="noopener">Movie Podcast Network</a> A group of eight movie-related podcasts covering new movie releases and many genres: sci-fi, horror, western, etc. Full Episode Transcript: Rob Booker: Jason, have you ever punched anybody in the mouth? Jason Pyles: No, actually I have not. Rob Booker: Okay. I got in one fight when I was in 7th grade. Jason Pyles: Oh, yeah? How did it go? Rob Booker: One kid, a little bit larger than me, pushed another kid into the lockers and the other kid was disabled. I don't know. I just flipped. All of a sudden, I just flipped and I punched this kid in the mouth and then he beat the tar out of me. Jason Pyles: But still you were trying to help someone and I think that's admirable. That counts. I mean that counts and you probably got a lot of very positive attention from people after that. Rob Booker: Okay. True that. That's very true. Jason Pyles: That's right. Rob Booker: Now, what do you think the ordinary reaction is, kids on a school ground, kids on a playground, the usual reaction if one kid who is smaller gets punched in the mouth and beaten up by a kid who is bigger? What's the usual reaction the next time the little kid sees the bigger kid? Jason Pyles: Oh, just runs away. Fear. Rob Booker: Runs away. Jason Pyles: Yeah. Fear. Rob Booker: Fear. Trading is the only profession in which something punches you in the mouth and then somehow you wake up everyday and you can't wait to go see that person again. I don't understand why that is, but I think that there are elements of ... It is difficult to understand why some people continue to trade, especially when we get punched in the mouth so often. It's an interesting profession, Jason. We get ground into the dirt by a currency pair or a stock or an options contract and then we get up and we go back straight at it all over again with the expectation that we're going to get back at it. Jason Pyles: Glen Phillips refers to this as a being a professional victim. It's that whole abusive relationship syndrome where the abused is, for whatever reason, just compelled or addicted to stay within that relationship. It's interesting. Rob Booker: Is he related to Glenn Frey? Jason Pyles: I don't believe so. Rob Booker: Smuggler's Blues is one of my all time favorite songs and it's just not a very good song but... Tell me more about Glen Phillips.
