PODCAST · business
The New Traders Podcast
by Rob Booker
Rob Booker has been trading for twenty-five years. These are short essays — usually under fifteen minutes — on the things that actually matter once you've been doing it long enough to have been wrong about most of the things you used to be sure of.The basic trade is against yourself. Never let a small loss become a huge one. Trade smaller than your ego would like. You can't trade in the past. Each episode takes one idea seriously, looks at why it's obvious, and then looks at why nobody does it anyway.The essays are also published in written form at longboardai.com/learn. Some people prefer to read. Some prefer to listen while walking the dog. The audio and the text are the same — this isn't a conversational podcast, it's essays that happen to be read aloud.New episodes weekly. No interviews. No news. No market predictions. Just one short idea at a time about what trading actually is, written for people who've already decided to take it seriously.
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21
15: The lesson keeps following you because your process leaves the same door open.
A short essay about the difference between recognizing a lesson and actually having learned it, which is, I am sorry to report, a larger difference than it sounds.
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20
14: Jungle cats don't pounce on everything that moves.
A short essay about why the same lesson keeps needing to be learned, and why the learning, when it finally happens, looks suspiciously like not doing anything.
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19
13: The trade you keep making is the one you don't notice.
Most losing trades aren't about the setup. They're about the second decision.
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18
12: Ambition is sacred, but it still needs a calendar.
On noble ambition, the calendar test, and the uncomfortable discovery that the daily shape of professional work is much less flattering than the fantasy of it.
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17
11: Turning pro mostly means cutting the amateur theater.
On the gap between looking like a trader and being one, shadow careers, deliberate practice, and the uncomfortable moment when the theater stops.
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16
17: When you find an edge, your job is not to get cute.
A short essay about how traders spend years looking for something that works and then, having found it, become oddly embarrassed to keep doing it.
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15
10: Average habits don't produce above-average returns.
On the unpleasant mechanics of competitive fields, the difference between wanting a result and building the routine that produces it, and why 'Can I trade for a living?' is probably the wrong first question.
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14
16: Break-even is a gift, and control matters more than perfect entries.
A short essay about why the best question in trading is not where to get in, but whether you are still the one running the thing.
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13
9: The billion-dollar question, and what it actually answers.
On making a billion dollars, whether anyone has done it twice, and why the answer is less interesting than the question.
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12
8: Delegate the parts of trading that make you stupid.
On automation, implementation intentions, and the parts of trading where the human in the loop is provably the weak link.
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11
7: Don't rent your conviction from other people.
On social pressure, borrowed conviction, and the particular discomfort of holding a trade you don't actually have a thesis for.
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10
6: Your account should not be a democracy.
On leadership, governance, and the unflattering fact that most retail accounts are run like unstable coalition governments.
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9
5: Confidence is built, not declared.
On self-efficacy, grandiosity, and the quiet compounding that happens when you stop declaring confidence and start building it out of things you can actually point to.
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8
1: The basic trade is against yourself.
On greed, process, the disposition effect, and the quietly ridiculous habit of demanding that a perfectly good trade go do something even better.
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7
2: Never let a small loss become a huge one.
On loss aversion, the disposition effect, and the deeply unglamorous discipline of refusing to escalate.
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6
3: Trade smaller than your ego likes.
On position sizing, overconfidence, and the very common phenomenon of being too big too early — which ruins more traders than bad ideas do.
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5
4: You can't trade in the past.
On backtests, forward testing, and the inconvenient way that historical elegance keeps collapsing the moment real money shows up.
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ABOUT THIS SHOW
Rob Booker has been trading for twenty-five years. These are short essays — usually under fifteen minutes — on the things that actually matter once you've been doing it long enough to have been wrong about most of the things you used to be sure of.The basic trade is against yourself. Never let a small loss become a huge one. Trade smaller than your ego would like. You can't trade in the past. Each episode takes one idea seriously, looks at why it's obvious, and then looks at why nobody does it anyway.The essays are also published in written form at longboardai.com/learn. Some people prefer to read. Some prefer to listen while walking the dog. The audio and the text are the same — this isn't a conversational podcast, it's essays that happen to be read aloud.New episodes weekly. No interviews. No news. No market predictions. Just one short idea at a time about what trading actually is, written for people who've already decided to take it seriously.
HOSTED BY
Rob Booker
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