Summary: For Episode 110, we’re giving you a flashback episode from TraderRadio.net — the precursor to The Traders Podcast. In this recording you’ll hear your host, Rob Booker, chatting with his old friends Corbin Layton and Joshua Hauck in an episode recorded on June 16, 2009, titled “Bernie Madoff Blew Up My Account: Taking Personal Responsibility.” You’ll also hear these traders discuss the importance of confronting the brutal truth, as well as the news of the day, including a surge in home construction; small rallies that were occurring due to a false perception that the recession was ending; currency pairs reacting to news quickly (like they did years ago); and Detroit’s financial and grocery store problems. This episode also features Rob, Corbin and Joshua talking about staying in a trade that you didn’t plan that’s going poorly, staying in a trade that you didn’t plan that’s now going well but was going poorly, getting out of a trade that you did plan when it’s going poorly, and getting out of a good trade that you planned too early when it’s going in your favor. Very fun. Enjoy! Links for this episode: TraderRadio.net John Mauldin's Frontline Thoughts.com Book: Good to Great: Why Some Companies Make the Leap... and Others Don't Book: Buffett: The Making of an American Capitalist TFL365.com Rob on Twitter: @RobBooker The Traders Podcast on Twitter: @TradersPodcast E-mail us! Producer@TradersPodcast.com
