2 Traders Podcast

Like most things in life, you’ve got to decide which part would you rather play. Are you going to go with the safe thing or are you willing to risk a bit more? As a trader, which one would you rather be? In this episode of 2Traders Podcast, Walter and Darren each share their thoughts... The post EP37: Infinite Variance appeared first on 2TradersPodcast.

When you read newspapers or novels, do you ever wonder if the words just flow freely for the author? It’s inevitable – sometimes writers experience “writer’s block” – and times are tough… For traders, a similar scenario also happens from time to time, with varying degrees of frequency, depending on the trading system. The dreaded... The post EP36: Drawdown appeared first on 2TradersPodcast.

In this episode of 2 Traders Podcast, Walter talks about one the most common questions for traders and non-traders alike: Is trading the same thing as gambling? This episode revolves around these ideas: is trading the same as gambling?? What is sound risk management? And when does over-trading become a problem? Darren agrees that while... The post EP35: Trading as “Gambling” appeared first on 2TradersPodcast.

Does your last trade have anything to do with your next trade? In this episode of 2Traders Podcast, Walter talks about the “gambling fallacy” mindset, back-testing, and statistical analysis; and how these can affect your decisions in determining trading results and the amount of risk you are willing to take. The “meat” of this episode... The post EP34: Gambler’s Fallacy appeared first on 2TradersPodcast.

Darren and Walter talk about trading rules, creativity and why the school system “breaks in” children. If you are re-thinking your trading system and approach to the markets after this episode, then it has done it’s job. Be your own trader, and trade your own beliefs. It’s a better way to trade. Download (Duration: 19:35 / 22.4 MB)... The post EP33: Creativity appeared first on 2TradersPodcast.

Darren and Walter each share one helpful trading tip – one thing that has helped over the past month. Walter talks about how his disciplined approach to back testing has helped and Darren dives into the deep thinking he’s been doing on the distribution of winners and losers. Download (Duration: 09:13 / 10.5 MB) In this episode:... The post EP32: Helpful Trading Tips appeared first on 2TradersPodcast.

The Disciplined Trader is the only trader who consistently profits… or is this a load of hooey? Darren and Walter examine discipline in this episode, what is it? Why is it “needed?” Is it overrated? Trading discipline is the topic for this episode (and some of this you’ve probably never heard before).   Download (Duration: 19:34 /... The post EP31: Discipline appeared first on 2TradersPodcast.

(Continued from Part 1 – click here for Part 1) In part 2 of “Trading With Space” Darren and Walter examine: How does the blame for losing trades change depending on your trading philosophy? Bad luck for casinos = a draw down for your trading system? Darren knows how many bad trading days he’ll likely... The post EP30: Trading With Space (Part 2 of 2) appeared first on 2TradersPodcast.

What is space in trading? And why does it matter?? Should traders pay attention to space? Why? Why not?? Is it something you must know about, and “see” on the charts to find good trade setups? Or is it a load of hooey?? Find out what Darren and Walter think about space, and whether it... The post EP29: Trading With Space (Part 1 of 2) appeared first on 2TradersPodcast.

Do you see a incomprehensible, complex market when you sit down to trade? Or is it a simple song… music to your ears? Many traders have strong views about whether the markets are incredibly complex or just a simple extension of the market participants (and this is usually reflected in how traders try to extract... The post EP28: How Complex Are The Markets? appeared first on 2TradersPodcast.

As traders, we’re taught to follow the rules. There’s no room for changing it up, cowboy. Gotta be disciplined. Only the traders who stick to the system survive… But is this true? Are there times when you should, as an experienced trader, actually {gasp!} break the rules? In other words, in this episode the topic is “Trading... The post EP27: Trading From Your Gut appeared first on 2TradersPodcast.

Life’s better at the top, isn’t it? A fat cat trading account, huge bonus at the end of the year, and money to burn on the “trader lifestyle.” Or is it all it’s cut up to be? Could it be that many traders don’t know what they want? Is it better to trade for the... The post EP26: Getting A “Real” Trading Job appeared first on 2TradersPodcast.

Do you think trading will shave years off your life? Should you trade every day (so you don’t miss out on the “big move?”) Or do you find trading stressful? Do you require frequent sabbaticals, away from the charts, in order to recharge and come back to the charts fresh, with a new perspective? Darren... The post EP25: Sabbaticals appeared first on 2TradersPodcast.

Darren and Walter dig into uncertainty in this episode, and the merits of numbers, calculations and probabilities for traders. Walter explores the idea of using a calculation to determine the efficacy of a strategy, while Darren is not too sure about quantifying these things when the markets change and traders often don’t follow their trading... The post EP24: Uncertainty appeared first on 2TradersPodcast.

The danger in thinking you are the shizz-nit is clear, and Darren outlines it in the form of the Dunning-Kruger effect. We also step into the one dangerous idea perpetually losing traders have about everyone else. Why banks are happy lemon juice is not a potent “invisible juice.” What the fundamental attribution error has to do... The post EP23: Confidence appeared first on 2TradersPodcast.

Is it ok to be wrong as a trader? Can you still find consistent profits if you are consistently wrong?? Why does being wrong (or right) become so important for traders? Is this part of what makes consistent, profitable trading so difficult? Is this *the critical* mistake that ends up road-blocking traders from success?? What... The post EP22: Being Wrong appeared first on 2TradersPodcast.

Do you need a mentor to show you the ropes? How do you know which mentor is best for you? Will you have multiple mentors during your trading career? Or do they even help, over the long haul? In this episode, Darren and Walter talk mentors – and why you may (or may not) want... The post EP21: Trading Mentors appeared first on 2TradersPodcast.

Humans see patterns, so it is no surprise that we traders “see” patterns everywhere. But is this helpful? Are these patterns deceptive and useless? Or profitable and reliable? It depends on who you ask… and whether that lion in the tall grass is gonna eat you, or whether Santa Claus is real or not. Confused?... The post EP20: Seeing Chart Patterns appeared first on 2TradersPodcast.

Here’s a checklist you may use when deciding to use a trading system: Does the system have a proven track record? Check. Do I know anyone making money with the system? Check. Do the back tests look good? Check. Will the system likely make enough money to keep me happy? Check. But here’s the thing – there’s... The post EP19: The Right System For Your Time Zone appeared first on 2TradersPodcast.

In a male-dominated industry, could the best traders be in the minority? Are female traders more likely to find long term consistent profits than men? If this is so, why? Darren and Walter lift the lid on sex differences in trading. What you hear in this episode may be controversial, but you decide whether it is true.... The post EP18: Are Women Traders Superior To Men? appeared first on 2TradersPodcast.