Wed, Jun 17 2009, 11:03 GMT
by Rob Booker
Bernie Madoff Blew Up My Account: Taking Personal Responsibility.
Whose fault is it when something goes wrong? Life is full of experiences that we don't have control over - but we always retain control of what we do about our situation.
Today's show was all (mostly) business. What's the real story on the world economy? Has the US Government been underreporting job statistics? We talked about the reasons for the stock market decline of last year, and reasons that we may be in for a far more substantial decline to come.
Click here to listen to the broadcast.
Published on Wed, Jun 17 2009, 11:03 GMT
Tue, Jun 16 2009, 06:35 GMT
by Rob Booker
Why does spiritual transformation -- and trading transformation -- take place sometimes after a margin call or otherwise disastrous experience? Does that mean it's a good idea to go looking for trouble?
Today we talked about the Eurozone economy, the end of the dollar bear trend, and much more.
Click here to listen to the broadcast.
Published on Tue, Jun 16 2009, 06:35 GMT
Mon, Jun 15 2009, 09:05 GMT
by Rob Booker
Who leaked information about the Fed's bond protection program to the press? Who's spiking Jean-Claude Trichet's coffee? Is it earlier or later in Europe right now?
Rob, Josh, and Corbin are together again for a few shows, and you can listen to the broadcast for today here.
Enjoy! And see you again on Monday.
Published on Mon, Jun 15 2009, 09:05 GMT
Tue, Apr 7 2009, 12:28 GMT
by Rob Booker
Rob's been eating only fruits and vegetables. Will he survive? What's the point to eating well? How does that fit in with trading?
Click here now to listen to the broadcast.
Published on Tue, Apr 7 2009, 12:28 GMT
Tue, Mar 31 2009, 08:29 GMT
by Rob Booker
Our friend Michael Kane joined us for a live broadcast that covered trading with fear, General Motors, individual responsibility, and the largest hedge fund in the world.
Click here now to listen to the broadcast.
Published on Tue, Mar 31 2009, 08:29 GMT
Wed, Mar 25 2009, 09:30 GMT
by Rob Booker
Yesterday's live broadcast.
Click here now to listen to the broadcast.
Published on Wed, Mar 25 2009, 09:30 GMT
Mon, Mar 23 2009, 11:07 GMT
by Rob Booker
Today we talked about looking at different time frame charts, and different financial instruments -- because what we we usually look at isn't always what we might trade the best. It's okay to look around. And find something else you like to trade -- even the Singapore Dollar, or the Swedish Krona, or the EURSEX, which isn't even a currency pair, but it's one we just made up.
Click here now to listen to the broadcast.
Published on Mon, Mar 23 2009, 11:07 GMT
Tue, Mar 10 2009, 15:05 GMT
by Rob Booker
On Friday, we broadcast live during the release of the Non Farm Payroll Report. Another abysmal number, another sign that the entire world economic is going to hell. And we, not surprisingly, had a great time.
Here's the link:
The Non Farm Payroll Broadcast
Published on Tue, Mar 10 2009, 15:05 GMT
Tue, Mar 10 2009, 13:33 GMT
by Rob Booker
Today we wondered if Timothy Geithner needs more friends, or more helpers. Or more people. We decided the answer is yes.
Here's the link:
Published on Tue, Mar 10 2009, 13:33 GMT
Wed, Mar 4 2009, 10:59 GMT
by Rob Booker
Here is the link to the last Free Monday Webinar: To watch the last free Monday Webinar, just click on the image below and select "Save to Disk".
Listen and follow the webinar.
Here's the link:
Published on Wed, Mar 4 2009, 10:59 GMT
Fri, Feb 20 2009, 08:39 GMT
by Rob Booker
FINRA. which is a U.S. regulator for brokerage firms, recently proposed a rule that would limit leverage in forex to 1.5:1, which is a huge decrease from what is offered now. This would not affect many forex dealers -- most are regulated by the NFA and CFTC in the United States. However, there have been forex dealers who recently became broker-dealers in order to avoid the NFA -- and now they're getting whacked from the other side of the regulatory fence.
Anyway, today I had some thoughts for FINRA:
Here's the link:
A point I failed to make in the podcast is that customers will just go someplace else to trade forex. If they can't get the leverage they want in the United States, they'll just move their accounts offshore. That is already happening. FINRA thinks they are doing traders a favor by "protecting" them. Here is what they are doing:1. Sending customers to overseas firms who are not as well financially regulated;
2. Penalizing U.S. businesses that offer forex
How does this, in the end, do anything to help traders? And why doesn't FINRA take the money and resources it has put into worrying about Forex leverage, and put it into oversight of a broker like the one Bernie Madoff was running to hide his fake trades?
Published on Fri, Feb 20 2009, 08:39 GMT
Thu, Feb 19 2009, 12:29 GMT
by Rob Booker
How do we stop ourselves from trading based on impulse? Most traders have dealt with this, or struggle with this regularly. Today we talked to Triffany and a bunch of traders about how we can combat the desire to trade impulsively.
Published on Thu, Feb 19 2009, 12:29 GMT
Thu, Feb 12 2009, 11:31 GMT
by Rob Booker
Why doesn't the Federal Government make low-cost, forgivable loans to small businesses? And base the loan forgiveness on whether the business hires and retains a certain number of people?
Published on Thu, Feb 12 2009, 11:31 GMT
Tue, Feb 10 2009, 07:31 GMT
by Rob Booker
Why didn't the market react more favorably to the stimulus plan?
We talk about that, and much more, including a rare "off the record" exchange between Treasury Secretary Timothy Geithner and reporters, in today's broadcast:
Published on Tue, Feb 10 2009, 07:31 GMT
Wed, Jan 28 2009, 08:24 GMT
by Rob Booker
It's good to be a teenager these days, apparently. We talk a bit about an impressive improvement by one of our friends -- who has been testing his brains out to become a better trader. And some other crazy stuff.
Published on Wed, Jan 28 2009, 08:24 GMT
Thu, Jan 15 2009, 08:36 GMT
by Rob Booker
Have you ever stuck a banana into your laptop?
Rob did.
Find out what this has to do with trading, and what happened to the laptop, in today's brief (and entertaining) podcast
Published on Thu, Jan 15 2009, 08:36 GMT
Wed, Jan 14 2009, 08:35 GMT
by Rob Booker
Today we talked about Josh, who is pretty much the most dedicated and persistent trader we've ever met (and he makes money, which is not a coincidence). It took us three times to get the podcast right -- and I think if you hear about Josh, you might realize some important things about yourself.
Published on Wed, Jan 14 2009, 08:35 GMT
Tue, Jan 13 2009, 07:13 GMT
by Rob Booker
Today we had scintillating conversations with Kathy Lien and Boris Schlossberg of BK Trader FX / GFT, as well as Corbin Layton of IBFX, and Joseph Trevisani of FX Solutions. We also talked about the link between Stoic philosophy and setting trading goals -- and we were happy to be back with you again.
Published on Tue, Jan 13 2009, 07:13 GMT
Mon, Sep 29 2008, 07:07 GMT
by Rob Booker
What is going on with the government bailout of Wall Street? Will there be a resolution by the end of the weekend and how will this affect the dollar?
We had a great conversation about this with our friend Raghee Horner about what is going on and about her new book coming out next summer. Raghee is the author of Thirty Days of FOREX Trading: Trades, Tactics, and Techniques. Click on the graphc below to check it out.
Published on Mon, Sep 29 2008, 07:07 GMT
Tue, Sep 16 2008, 08:53 GMT
by Rob Booker
Our next TraderRadio show will be held on September 24, 2008.
We had a fantastic conversation with Dr. Brett Steenbarger. Brett is the author of Enhancing Trader Performance (Wiley, 2006); and the The Psychology of Trading (Wiley; 2003).
Click to listen to the whole show.
Published on Tue, Sep 16 2008, 08:53 GMT
Fri, Sep 12 2008, 07:19 GMT
by Rob Booker
It seems that recessions are contagious. We hear news from Europe that Germany is headed for a recession. But, the ECB is handling things in a much more transparent fashion than the Fed. Which way is better?
Also, it has been seven years since the terrorist attacks in New York occurred. Are we safer than we were before?
Click to listen to the whole show.
Published on Fri, Sep 12 2008, 07:19 GMT
Thu, Sep 11 2008, 09:30 GMT
by Rob Booker
Wayne McDonell is the Chief Currency Coach at FXBootcamp.com and the Author of The FX Bootcamp Guide to Strategic and Tactical Forex Trading. He was gracious enough to speak with us today about his views on risk management, fundamental analysis, and proper trade planning.
We also talked about the residents of Jefferson County, Ala. having to pay a lot for crap! The county has over $3.2 billion in sewer debt.
To hear the show click on the link
Published on Thu, Sep 11 2008, 09:30 GMT
Wed, Sep 10 2008, 07:47 GMT
by Rob Booker
Dave voices his opinion on where the Euro is headed and why the dollar isn't being crushed.
Click here to listen to the whole show.
Published on Wed, Sep 10 2008, 07:47 GMT
Tue, Sep 9 2008, 07:17 GMT
by Rob Booker
Fannie Mae and Freddie Mac were nationalized just a few days ago. Is it good to have the government owning so many houses? What should the fed do? Should they chop up the two companies and sell off the scraps?
Who will end up paying for all of this?
Published on Tue, Sep 9 2008, 07:17 GMT
Wed, Sep 3 2008, 08:52 GMT
by Rob Booker
Next Radio Show: September 8, 2008
Today we talked a lot about legislating morality, Brittan on sale, and risk VS. money management. We also talked about when the world is out of whack the corrections get severe...a statement Dave really loves.
Click here to get the whole show.
Published on Wed, Sep 3 2008, 08:52 GMT
Tue, Sep 2 2008, 13:26 GMT
by Rob Booker
Why is inflation calculated differently now than from 30 years ago? How does that affect consumer spending, GDP and interest rates?
Today we talked about that and John McCain's 14 year old vice presidential candidate. Ok, she is not 14.
Click here to get the whole show.
Published on Tue, Sep 2 2008, 13:26 GMT
Fri, Aug 29 2008, 07:13 GMT
by Rob Booker
Who should you be accountable to for your trades? Today we talked about how Fannie May has just hired a new CRO (Chief Risk Officer). This inspired a wonderful conversation about risk and who we should be accountable to.
Plus, don't miss Rob's impersonation of Bernanke as a Sith Lord...very funny.
Click here to get the whole show.
Published on Fri, Aug 29 2008, 07:13 GMT
Thu, Aug 28 2008, 07:49 GMT
by Rob Booker
Can you take a vacation from trading? Or do you have to be on top of your trades all the time.
Sometimes we can over-manage our trades and just blow it. Sometimes our trades were meant to be left alone.
So how do you let go? How do you relax and trade with a fresh mind?
Click here to listen to the show.
Published on Thu, Aug 28 2008, 07:49 GMT
Wed, Aug 27 2008, 08:09 GMT
by Rob Booker
The ECB seems to have it's head on straight. They have kept inflation at bay despite economic woes looming overhead. The Fed however....seems to be pandering to investment banks and politicians alike.
What the Fed! Aren't they supposed to be impartial? It is all too Palpatine-ish in our opinion.
Click here to hear what Rob, Dave, Josh and Jason have to say about it.
Published on Wed, Aug 27 2008, 08:09 GMT
Wed, Aug 27 2008, 08:07 GMT
by Rob Booker
Dave comes back from his vacation in Spain and says: "America is for Sale!"
Evidently the US is looking pretty good to foreign investors. What would this do for the dollar and the U.S. economy?
With all this looming overhead, who do you want for President?
Click here to listen to the broadcast.
Published on Wed, Aug 27 2008, 08:07 GMT
Thu, Aug 21 2008, 07:58 GMT
by Rob Booker
How much do we tell our spouses about our trading? To whom are you accountable? What is the difference between trading and gambling? Where do we draw the line?
We've seen marriages improved -- and destroyed -- by the effect that trading has on the relationship. Jean McDowell talks about how we help others in our life understand our trading.
Click here to listen to the broadcast.
Next Radio Show: Monday, August 25
Our next show will be Monday, August 25. We're planning a special show to welcome back Dave from his vacation in Spain, plus a game show, and more.
This means that there will be no show on Thursday, August 21, or Friday, August 22.
Published on Thu, Aug 21 2008, 07:58 GMT
Wed, Aug 20 2008, 07:40 GMT
by Rob Booker
We can spend months (even years) preparing, training, planning, working with a coach, and then we stand at the start line in Beijing, and boom! The Nigerian runner with no shoes, no formal training, no coach, and no change of clothes blows us away.
In the same respect, we can spend time, money, effort in training and planning for an outcome in the world of trading -- and then neglect to account for or prepare for the unexpected.
Today we also talked with Joshua about why he's been able to trade so successfully in the past few months, trading from the 5 second charts.
Click here to listen to the show.
Published on Wed, Aug 20 2008, 07:40 GMT
Wed, Aug 20 2008, 07:34 GMT
by Rob Booker
Click here to listen to the broadcast in full!
Published on Wed, Aug 20 2008, 07:34 GMT
Fri, Aug 15 2008, 07:34 GMT
by Rob Booker
What does the cantina music from Star Wars have to do with trading?
Probably not much, but it was certainly worth talking about for an entire show. If you think that some of our shows have been a complete waste of time, too much joking, and too little time spent talking about what really matters, then you are going to love the show today.
We also talked about Brett Steenbarger's excellent blog, which you can read by going to this link.
I have a huge amount of respect for Dr. Steenbarger. Today it just seems that one of his posts sparked in me some kind of crazy psychopathic reaction.
Click here to listen to today's show, including our thoughts about trading psychology and more.
The next show will be Monday, August 18. It's going to be a good one. We may, or may not, crank call a central bank or two. You never know.
Published on Fri, Aug 15 2008, 07:34 GMT
Tue, Aug 12 2008, 07:27 GMT
by Rob Booker
Today Rob's in Utah having a few meetings at IBFX.
The next live show will be on Wednesday, August 13.
In the meantime, here are two shows that I really loved in April:
Who is to blame for your trading mistakes or successes? That's a show that really got me going about responsibility. Click here to listen to the show from April 17, 2008.
And here's another one: What role do emotions play in our trading? Is Anger appropriated?Click here to listen to the broadcast from April 3, 2008.
Published on Tue, Aug 12 2008, 07:27 GMT
Mon, Aug 11 2008, 12:53 GMT
by Rob Booker
In preparing for this show, Rob read a blog post from a guy who made trading sound like some type of elite profession. That sent Rob into a tirade (no surprise). But what does it really take to be a trader? How smart does a person have to be in order to make money in this business?
Click here to listen to the show
Published on Mon, Aug 11 2008, 12:53 GMT
Wed, Aug 6 2008, 09:24 GMT
by Rob Booker
Is the credit crisis over?
Click here to listen to today's broadcast
If you think the EUR/USD has hit bottom, then you may be right in the short term, but I think in the next 12-18 months, we could see the pair fall another 1000 pips. We haven't even begun to hear enough bad news out of Europe, but today we got news of more banking problems over there.
Published on Wed, Aug 6 2008, 09:24 GMT
Tue, Aug 5 2008, 10:35 GMT
by Rob Booker
This morning, I'm sitting in downtown San Antonio enjoying breakfast at the Marriott Riverwalk. And listening to the Batman soundtrack. And getting ready for this morning's Saturday Seminar across the street.
Here are my pancakes:
So what do these pancakes have to do with trading?
Usually, when you order pancakes for breakfast, the restaurant brings you like 700 pounds of flour mixed with eggs cooked on a griddle. And 45 pounds of butter. More than any reasonable person could ever eat.
But this morning, when Helen took my order to add some flapjacks to my breakfast buffet order, she disappeared and not much later brought me the plate you see at left.
Just two small pancakes. Perfect for a little guy like me that doesn't want to eat a monster breakfast before I speak.
Now, some may be thinking that such a small portion would not be enough and that's a ripoff. But she was happy to bring me more if I wanted them. More importantly, she brought me just the right amount and ensured that I wouldn't waste any food.
Do you approach your weekly trading like this? Are you happy with a portion of trading time that is right for you, or do you gorge yourself on trading? I worry when I see traders who have let their life pass by as they spend every waking moment in front of the flat panel monitors.
Have you portioned out your time so that you're not over-trading? So that your life is balanced and you have time for what is most important? I once spoke with a trader who installed red flashing lights in his home so that when he had a trade on, he could flip a switch and alert his family: then his family would be expected to remain quiet for the duration of the trade. He told me "my wife knows that when I flip that switch I can't be bothered."
What a complete idiot.
To paraphrase: if you gain the world in pips but you lose your family, it is all for naught.
Published on Tue, Aug 5 2008, 10:35 GMT
Wed, Jul 30 2008, 07:21 GMT
by Rob Booker
Dave and I did a DVD set on channel trading, Grand Canyon trading, trend trading, counter-trend trading -- and more. All using simple and powerful support and resistance methods. Including Winnipeg lines, Fibbles, and using Fib retracements together with support and resistance to create a trailing-stop trading strategy.
Hours of instruction are included, as well as tons of examples of real trades, and a web-based version (that comes free with every purchase) that gives you instant access to all the content on the DVDs -- so you can start learning immediately while the DVDs are shipped right to your door.
The DVD set costs $197 and you can get them by clicking here. Shipping is free.
FXstreet is the only place to get the set
Published on Wed, Jul 30 2008, 07:21 GMT
Mon, Jul 28 2008, 10:16 GMT
by Rob Booker
Is it possible that the people who have the hardest time at the start of their trading careers are the people who are building the character necessary to be the best traders? And what does it really mean to be the "best trader?" How is that measured? In length of time that one continues to be profitable? Or in dollars?
The problem with making comparisons is that we're always going to find people who do worse than us, and others that do better than us. What we can do is control and measure our own performance, and that's what today's radio show is about.
By the way,it was also my new personal favorite show. Click here to listen.
Published on Mon, Jul 28 2008, 10:16 GMT
Fri, Jul 25 2008, 10:37 GMT
by Rob Booker
Published on Fri, Jul 25 2008, 10:37 GMT
Wed, Jul 23 2008, 07:12 GMT
by Rob Booker
Are short sellers to blame for Wall Street's woes right now? Well, the US government would have you think so. Continuing the tradition of completely avoiding the real problem and instead complicating a financial crisis, the US government has made it more difficult to short sell shares. Where is the real leadership of the financial mess we're in?
Well, it might be in Japan and Europe. Click here to listen to today's broadcast
Published on Wed, Jul 23 2008, 07:12 GMT
Tue, Jul 22 2008, 07:23 GMT
by Rob Booker
Not only did we discuss the Dark Knight and trading (and there are ways to make a connection between the two), but we also touched on the fact that when the FDIC takes over a bank, bad things happen.
Why is it that the federal government can do a good job of keeping trust in the system (by regulating banks, or setting reserve requirements for banks, or insuring deposits up to a certain dollar amount), but when it actually gets in the business of taking over something (a bank, a housing project, etc) it does such a poor job?
Published on Tue, Jul 22 2008, 07:23 GMT
Thu, Jul 17 2008, 08:14 GMT
by Rob Booker
John Netto explained today that the only way a person can really learn what he needs to know about trading is to...trade. And to lose a bit of money, and to learn by doing. John is a former Marine and his time in the military definitely has influenced him as a trader. One of the most enjoyable interviews we've done.
Click here to listen to the broadcast.
We also read a Taoist poem, talked about how cutting oxes relates to trading, and Jason Pyles continued his run as the most entertaining newscaster on the Web.
Published on Thu, Jul 17 2008, 08:14 GMT
Wed, Jul 16 2008, 08:03 GMT
by Rob Booker
Today we played "Win Dave Murphy's Money" and it was a blast. Derek made off with $50 of Dave's cash and a pair of TraderRadio.net socks. Listen below -- and play along and see if you can get the questions right.
I could talk with Joseph Trevisani all day. He's the chief market analyst at FXSolutions, who traded for banks for 15 years, and who writes an excellent weekly report.
We talked about what Joseph would do if he were running the Federal Reserve, what the real strength of the US economy is, what we can look for on the horizon for the Euro vs. the Dollar, and much more.
Published on Wed, Jul 16 2008, 08:03 GMT
Tue, Jul 15 2008, 07:17 GMT
by Rob Booker
Triffany, one of our best friend-traders, joined us today. I wish she would write a book about trading (or not trading, or trade journals, or thinking and trading, or peaceful trading, or balanced trading...you get the idea). Her interview today is insightful because it's not your average run-of-the-mill trade talk.
One thing that she said today is that forgiveness is one of the most important attributes a trader can develop. Why? Listen to today's show to find out.
Also, today we learned that a Peruvian fellow ate a knife and a watch and some other weird things. And more about Dave's non-triathlon experience.
Published on Tue, Jul 15 2008, 07:17 GMT
Mon, Jul 14 2008, 08:51 GMT
by Rob Booker
Marilyn, a trader and the Director of Marketing at InterbankFX, said it perfectly: you can add so many indicators to your charts that you can't even see the price anymore. And that's too complex. Today, we talked with Marilyn about her trading, her advice to new traders, her book, and more.
Click to listen to today's show
Pierre Charlebois over at FXStreet (in his excellent blog) talks about why traders add to losing positions:
It's true that most retail traders hate to be wrong. Just look at the firestorm that erupted when a bunch of traders blindly followed an analyst's proclamations. More than that, traders are embarrassed about being wrong. We want to bravely proclaim that some currency pair is overbought, or ready for a breakout, and we want the rewards of being able to scream to the world about how smart we are. Or at least brag to our friends.
The problem comes when we have put so much money on that "great idea" that, when it starts to go against us, we not only look bad (hate to be wrong) but we are losing a crapload of money (embarrassing).
Most of us are never taught to enjoy the process of losing (obviously). Or the happiness that can come from making a bad decision. But we should learn to find peace in being wrong; to discover the strength that comes from admitting our faults; to enjoy the profits that come from being responsible about how much we risk on a single position.
Last of all, because we want to avoid embarrassment about our trading, we often follow someone else into a trade. That way, our decisions are not completely our own (in our mind).
Nothing is more dangerous than that.
P.S. I'd love to have Pierre on the radio show to talk about this.
Published on Mon, Jul 14 2008, 08:51 GMT
Fri, Jul 11 2008, 07:21 GMT
by Rob Booker
Ryan is a long-term trader with a track record of success. He is just getting ready to start managing money as a CTA and today we spoke with him about his goals, the way that he trades, how he found time to trade and work and be a father, and much more.
Today we also discussed how our past experiences with money affect our trading, and we talked about people who have shot themselves with their guns, including a gun instructor.
Click here to listen to the July 10 Radio show in full.
Podcast of Ryan O'Keefe interview
Here's a slightly shorter version of today's radio show, and we cut right to the interview with trader Ryan O'Keefe. If you are trying to get a start in trading, or have ever wondered what it takes to manage money, this is an interview you can't miss.
Click to play the file directly from this post.
Thanks for listening. We'd love you to comment on today's interview. Let us know how we're doing, what you want to hear on the show, and anything else.
By request, the only socks that you can actually hear (instead of smell).
Tomorrow on the show, one of our essay / poem contestants will win a pair of these socks -- and we'll be showing more colors and varieties in the next week. Subscribe by email on the link at left if you'd like to make sure that you get updates.
And please, your comments are always welcome. Tell us what you think.
Doug Hayward, one of our three loyal listeners, came up with this idea a few months ago. It only took us forever to actually get this done.
For now, you can't buy them. More details tomorrow.
These are the kind of socks you are going to want to wear while you trade. What else you do with them on is your business.
Published on Fri, Jul 11 2008, 07:21 GMT
Thu, Jul 10 2008, 08:32 GMT
by Rob Booker
Today we interviewed Raghee Horner, author of Forex Trading for Maximum Profit and 30 Days of Forex Trading.
Click to listen the whole show. Raghee's interview starts about 20 minutes into the broadcast:
She's got some great advice about being a complete trader, looking at more than just the ordinary stuff, and using our analysis to get the bigger picture about the markets. I hope she'll be back -- Dave and I both felt like we were barely scratching the surface in the time we had together with her today.
Here's a synopsis of today's show
What a forex dealer could do right now -- with not very much effort -- to capture a huge market share.
The red underlined text below is not clickable. I just did the color and the underlining to make a few points more clearly.
These suggestions would lead to a massive increase in trading volume. All of these suggestions except for the last deal with trust and transparency. Trust is the number one issue in forex still today -- after all these years, not one forex dealer has really come out in the open.
I've got one more big recommendation -- my favorite, in fact -- but I am keeping it secret for now while I talk to a broker about a huge project. I hope to be able to tell you more about it in the next 30 days.
Published on Thu, Jul 10 2008, 08:32 GMT
Wed, Jul 9 2008, 09:18 GMT
by Rob Booker
Lessons learned from Corbin Layton from IBFX: Corbin is a public relations specialist at IBFX, a good friend and a trader on top of all of that Rob and Dave interviewed him for some fantastic insights on trading.
On the other hand, Americans can't run with the bulls! How do you run with the bulls safely in Spain and trade better because of it? And yes, running with the bulls and trading have something in common.
Also, listen to the premier of the best song about trading - Candlestick Man!
Jason shares the news and updates us on the new DVD release "The Ruins". Don't worry, we always can relate it to trading.
Click to hear the entire radio show.
I traveled a lot last year. And met with hundreds and hundreds of traders all over the world. Here are some things I realized about myself and about trading.
Published on Wed, Jul 9 2008, 09:18 GMT
Tue, Jul 8 2008, 07:07 GMT
by Rob Booker
Today we talked about tons for great stuff: Hairy fingers, our new line up of guests, how not to blow up your account and much, much more, How do you know you won't blow up your trading account?
Rob has a great exercise -- and a contest -- to help you build the commitment to never blow up your account.
Jason shares the news, updates us on the latest Will Smith movie "Hancock," and of course we bring it all back to the subject of trading.
Click to hear the entire radio show.
Published on Tue, Jul 8 2008, 07:07 GMT
Mon, Jun 23 2008, 09:20 GMT
by Rob Booker
At the most basic level, what do you need to trade?
A computer (can you do with an older one?)
One monitor (do you need more than one? Really?)
Your own office
50 books on trading
Expensive software with flashing lights
I have found that most of the successful traders I know and count as friends are people who when they were starting up their trading careers, they were unimpressed with fancy monitors and huge trading libraries. Most of them are still operating with the same inexpensive equipment.
One of my friends, who helps to run a hedge fund, is still using an older laptop that he could easily afford to replace. One friend used a computer that took what seemed like hours to startup to run his trading software; he declined to update it because he was making money and paying off bills.
I think it makes sense to be frugal in your setup, your software, your books, your approach to what it takes to be successful. There is something about getting by with less that makes a trader hungry to succeed.
Published on Mon, Jun 23 2008, 09:20 GMT
Tue, Jun 10 2008, 13:06 GMT
by Rob Booker
Published on Tue, Jun 10 2008, 13:06 GMT
Tue, Jun 10 2008, 13:06 GMT
by Rob Booker
Today we talked about how are brains are wired to shut down during stressful situations. What do you do if you are over emotional? We also talked about controlling your emotions in trading gave some examples of others who have overcome their emotions to become profitable traders.
Click to listen to what Dave, Ariel and Josh have to say about it all
Published on Tue, Jun 10 2008, 13:06 GMT
Fri, Jun 6 2008, 07:19 GMT
by Rob Booker
Today Dave rambled on about the utility of getting what you want VS the friction that comes with achievement. Should we just take a hint and quit? Also, we compared the book Sway by Ori and Rom Brafman to Predictably Irrational by Dan Ariely.
Click below to listen to what Rob and Dave have to say about it all.
Published on Fri, Jun 6 2008, 07:19 GMT
Wed, Jun 4 2008, 14:48 GMT
by Rob Booker
How do you find the right balance and flexibility in trading? Also, what kind of trader would your favorite celebrity be?
Click below to listen to what Rob, Ariel and Tony have to say about it.
Published on Wed, Jun 4 2008, 14:48 GMT
Wed, Jun 4 2008, 14:46 GMT
by Rob Booker
Click on the link below and listen to what Rob and Dave have to say.
Published on Wed, Jun 4 2008, 14:46 GMT
Tue, Jun 3 2008, 12:40 GMT
by Rob Booker
Trading can provide you a lot of freedom....you can trade from anywhere you have a good internet connection. So, if you had your choice of places to trade from, where would you go?
Published on Tue, Jun 3 2008, 12:40 GMT
Tue, Jun 3 2008, 07:38 GMT
by Rob Booker
Today was Free Talk Friday where we talked our brains out about numerous subjects ranging from the ECB's policy on inflation to politics to Dave's dream about the devil.
Published on Tue, Jun 3 2008, 07:38 GMT
Wed, May 28 2008, 12:08 GMT
by Rob Booker
Whats up with economic reports that "supposedly" move the market? Who is in charge of the numbers and why are they always being revised? Also, how will the new "Farm Bill" affect currency trading?
This was one of the best shows ever! to hear it all.
Published on Wed, May 28 2008, 12:08 GMT
Tue, May 27 2008, 12:18 GMT
by Rob Booker
Do you have and attitude of gratitude? How can being grateful help you become a better trader?
Published on Tue, May 27 2008, 12:18 GMT
Thu, May 22 2008, 12:14 GMT
by Rob Booker
Does your emotions keep you from trading well? How do we react to losing trades? Does the pressure of making a lot of money quickly sabotoge your trading?
Today we talked about how not to let our emotions get the best of us. Ironically, the end of the show, Rob gives a fantastic rant about the price of oil! Ohhh yeah!
Published on Thu, May 22 2008, 12:14 GMT
Wed, May 21 2008, 12:18 GMT
by Rob Booker
Do you ever wish you paid more attention to the world around you? How does lack of focus help/hurt our trading...and could lycopene help?
Today we talked about being mindful of ourselves and all around us. Could being more mindful help you push past those barriers that keep you from success?
Click on the link below and listen to what Rob and Dave have to say.
Published on Wed, May 21 2008, 12:18 GMT
Wed, May 14 2008, 12:12 GMT
by Rob Booker
Rob, Dave and friends will be back on Wednesday May 21 for their next radio show
How does gratitude affect your trading? Can a deep appreciation of life, and all you are blessed with help you trade better? Also, do you have a problem talking yourself out of a trade? What about talking yourself into a trade? It all depends on the trade and if it is profitable....hmmmm.
Click on the link below and listen to what Rob and Dave have to say.
Published on Wed, May 14 2008, 12:12 GMT
Tue, May 13 2008, 12:11 GMT
by Rob Booker
What importance does a check list have for you as a trader? Can a check list help or hurt you?
Listen Rob and Dave tick everyone off by saying that sometimes a checklist can hurt you.
Published on Tue, May 13 2008, 12:11 GMT
Mon, May 12 2008, 12:12 GMT
by Rob Booker
We had a wonderful show today about....nothing. Well actually, we did include our general outlook for this weeks economic news and a YouTube video of Marine Boy.
To learn about Marine Boy and why we think the Euro may fall further....click here.
Published on Mon, May 12 2008, 12:12 GMT
Fri, May 9 2008, 12:10 GMT
by Rob Booker
Sometimes as traders we get stuck in a rut. We can grow our accounts to a certain level and then WHAM! we screw it all up. How do we get past some of these mental and psychological barriers?
Click on the link below to hear what Dave and Joshua have to say about it.
Published on Fri, May 9 2008, 12:10 GMT
Thu, May 8 2008, 12:05 GMT
by Rob Booker
What kind of attitude do you have when you trade? How does your environment affect your trading? Do you listen to a certain type of music to help you trade?
Click on the link below to hear what Rob and Dave have to say about it all.
Published on Thu, May 8 2008, 12:05 GMT
Wed, May 7 2008, 12:11 GMT
by Rob Booker
Today we had an engaging conversation with Triffany about goal setting and planning; both of which has made her an accomplished trader.
Click on the link below to hear it all.
Published on Wed, May 7 2008, 12:11 GMT
Tue, May 6 2008, 12:08 GMT
by Rob Booker
Why do you trade? Is it to make more money, have a comfortable lifestyle? Trading is also a lot like gardening...how so?
Click on the link below to see what Rob and Dave have to say about it.
Published on Tue, May 6 2008, 12:08 GMT
Mon, May 5 2008, 12:21 GMT
by Rob Booker
Would you take female hormones and wear womens clothes for a million dollars? Today we talked about a trader who claimed his boss forced him to do such a thing...sans the million dollars. Would you take a pill if it made you a better trader?
Click on the link below to see what Rob, Dave and Eric have to say about it.
Published on Mon, May 5 2008, 12:21 GMT
Fri, May 2 2008, 12:16 GMT
by Rob Booker
Today we covered the surprising NFP number (-20k). Is the worst behind us? Dave & Eric talk about data points that led up to the number and our current economy.
We talk about this and much more in today's show
Published on Fri, May 2 2008, 12:16 GMT
Wed, Apr 30 2008, 12:13 GMT
by Rob Booker
What do you do when a trade doesn't go your way? We all have been through this... but is seems to still take us off guard when it happens to us. What does a mature trader do? What would Mr. Miyagi do? Today Eric and Dave give their opinions on the subject.
We talk about this and much more in today's show
Published on Wed, Apr 30 2008, 12:13 GMT
Tue, Apr 29 2008, 12:10 GMT
by Rob Booker
A lot of news coming out this week is bearish Dollar....or so we would expect. However, the Dollar continues to strengthen. Why?
We talk about this and much more in today's show
Published on Tue, Apr 29 2008, 12:10 GMT
Mon, Apr 28 2008, 12:09 GMT
by Rob Booker
We talk about this and much more in today's show
Published on Mon, Apr 28 2008, 12:09 GMT
Fri, Apr 25 2008, 12:11 GMT
by Rob Booker
Is there a silver lining to all the gloomy rhetoric of recessions and so forth? Rob, Dave and Eric talk about some interesting prospects. And...find out why bacon might be the new economic boom.
We talk about this and much more in today's show
Published on Fri, Apr 25 2008, 12:11 GMT
Thu, Apr 24 2008, 12:16 GMT
by Rob Booker
Today we talked with our good friend Triffany about becoming and intuitive trader. It was a fantastic deep conversation would make Deepak Chopra proud.
We talk about this and much more in today's show
Published on Thu, Apr 24 2008, 12:16 GMT
Tue, Apr 22 2008, 13:42 GMT
by Rob Booker
Was the Fed's bailout of Bear Stearns the beginning of the socialization of Wall Street? Have we seen the end of the recession or is this the beginning of the worst?
Published on Tue, Apr 22 2008, 13:42 GMT
Mon, Apr 21 2008, 12:03 GMT
by Rob Booker
Published on Mon, Apr 21 2008, 12:03 GMT
Fri, Apr 18 2008, 12:13 GMT
by Rob Booker
Which do you use base your trades on? Also, do you trust your bank or financial institution? How much does trust play into our economy?
We talk about this and much more. Click to hear it all
Published on Fri, Apr 18 2008, 12:13 GMT
Thu, Apr 17 2008, 12:15 GMT
by Rob Booker
Was it an international monetary conspiracy? Speaking of blame...what do you do when your trades go wrong? Do you blame others...your broker, your mentor, or something in your environment?
We talk about this and much more in today's show
Published on Thu, Apr 17 2008, 12:15 GMT
Wed, Apr 16 2008, 12:10 GMT
by Rob Booker
Looking at the economic bubbles of the past, what is the next economic driver to come our way?
Listen to what Rob, Dave & Eric have to say
Published on Wed, Apr 16 2008, 12:10 GMT
Tue, Apr 15 2008, 14:33 GMT
by Rob Booker
Today, we had a brilliant conversation with our friend Triffany on applying the principles of "The Secret" to trading. Can you really will yourself more pips from the universe?
Listen to what Rob,Dave, & Eric have to say
Published on Tue, Apr 15 2008, 14:33 GMT
Mon, Apr 14 2008, 12:27 GMT
by Rob Booker
Where is the EUR/USD going to be at the end of the week? Where is the GBP/JPY going to be at the end of April?
Also, Rob talks about which is more important a hard set numeric goal or your "mindset goal".
Listen to what Rob & Dave have to say
Published on Mon, Apr 14 2008, 12:27 GMT
Wed, Apr 9 2008, 12:18 GMT
by Rob Booker
Are we going to have a global financial meltdown and can the Fed do anything about it?
Listen to what Rob, Dave & Eric have to say.Published on Wed, Apr 9 2008, 12:18 GMT
Wed, Apr 9 2008, 12:16 GMT
by Rob Booker
The FOMC minutes came out this afternoon, revealing the Fed's outlook on the economy. Are there some bright spots in our future? Rob has some great advice for the next U.S. President.
Published on Wed, Apr 9 2008, 12:16 GMT
Wed, Apr 9 2008, 12:11 GMT
by Rob Booker
We did a webinar today at FXstreet.com and recorded the audio.
Published on Wed, Apr 9 2008, 12:11 GMT
Tue, Apr 8 2008, 12:15 GMT
by Rob Booker
Today we talked about some rules for success (via Bob Parsons 16 Rules of Success) as recommended by our friend Darren Stinson. These are great rules for our personal lives as well as for trading.
Published on Tue, Apr 8 2008, 12:15 GMT
Mon, Apr 7 2008, 12:12 GMT
by Rob Booker
In today's show we have a list of attributes that we think brokers or dealers should have.
Listen to the rebroadcastPublished on Mon, Apr 7 2008, 12:12 GMT
Thu, Apr 3 2008, 11:56 GMT
by Rob Booker
Can anger be helpful or hurtful to your trading? We also talked about how consumers are spending less....could rumors of a recession become a self fulfilling prophecy?
Published on Thu, Apr 3 2008, 11:56 GMT
Wed, Apr 2 2008, 11:50 GMT
by Rob Booker
Published on Wed, Apr 2 2008, 11:50 GMT
Tue, Apr 1 2008, 11:24 GMT
by Rob Booker
Published on Tue, Apr 1 2008, 11:24 GMT
Mon, Mar 31 2008, 11:14 GMT
by Rob Booker
Published on Mon, Mar 31 2008, 11:14 GMT
Thu, Mar 27 2008, 12:30 GMT
by Rob Booker
Published on Thu, Mar 27 2008, 12:30 GMT
Wed, Mar 26 2008, 12:20 GMT
by Rob Booker
Published on Wed, Mar 26 2008, 12:20 GMT
Tue, Mar 25 2008, 12:41 GMT
by Rob Booker
Published on Tue, Mar 25 2008, 12:41 GMT
Thu, Mar 20 2008, 12:08 GMT
by Rob Booker
Published on Thu, Mar 20 2008, 12:08 GMT
Wed, Mar 19 2008, 12:13 GMT
by Rob Booker
Published on Wed, Mar 19 2008, 12:13 GMT
Tue, Mar 18 2008, 12:32 GMT
by Rob Booker
Published on Tue, Mar 18 2008, 12:32 GMT
Tue, Mar 18 2008, 12:32 GMT
by Rob Booker
Published on Tue, Mar 18 2008, 12:32 GMT
Wed, Mar 12 2008, 10:43 GMT
by Rob Booker
Published on Wed, Mar 12 2008, 10:43 GMT
Wed, Mar 12 2008, 10:41 GMT
by Rob Booker
Published on Wed, Mar 12 2008, 10:41 GMT
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