Returning to a more typical and positive vibe, Episode 285 of The Traders Podcast features your host Rob Booker and Jason the producer talking about some of their favorite quotations. Rob relates these quotes to trading, naturally. Rob asserts that people generally do what they want to do, regardless of their reasons given.
Rob reads a quote from a forthcoming trading book by Shonn Campbell called FX Inventory, which encourages traders to be free from the burden of false precision. He cites another portion of the book that suggests that trading is about playing offense and defense at the same time. Rob also asserts that your ability to make money is directly proportional to your ability to calm the hell down. Rob says that dramatic people make the worst traders. And we conclude this episode with a voicemail from actor Morgan Freeman, who tries his hand at reciting The Traders Podcast intro! Thanks for listening.
Editors’ Picks
AUD/USD remained bid above 0.6500
AUD/USD extended further its bullish performance, advancing for the fourth session in a row on Thursday, although a sustainable breakout of the key 200-day SMA at 0.6526 still remain elusive.
EUR/USD faces a minor resistance near at 1.0750
EUR/USD quickly left behind Wednesday’s small downtick and resumed its uptrend north of 1.0700 the figure, always on the back of the persistent sell-off in the US Dollar ahead of key PCE data on Friday.
Gold holds around $2,330 after dismal US data
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options
Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.
US economy: slower growth with stronger inflation
The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.
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