2 Traders Podcast

Many genius academics will tell you the markets are random. (NOTE: most of these academics also don’t have much money). Traders will tell you there are repeatable patterns in the markets, in other words, there is no Random Walk Down Wall Street. So which is it? Are there obvious patterns to the market movements? Or are... The post EP17: Random Charts appeared first on 2TradersPodcast.

Have you ever wondered why someone you know is unable to see the obvious? Sometimes people are blind to what is front and center. But why is this? “Change blindness” is the topic of this episode, and both Walter and Darren talk about techniques for becoming aware of change blindness, and strategies for overcoming this... The post EP16: Blinded By The Charts appeared first on 2TradersPodcast.

Imagine – the world is crumbling, the banks and the entire financial system looks completely fried… left for dead. And you decide to plonk down $5 Billion on a failing investment bank? Wait…why would you be so insane? Because you’re a contrarian – like Warren Buffet, who invested $5 billion in the investment bank Goldman... The post EP15: Contrarian Trading appeared first on 2TradersPodcast.

What do your trading system rules accomplish? Should you follow a successful trader, just duplicate what works? What does a buffet have in common with a successful trader’s strategy? What can we learn from successful traders who adopt completely different approaches to profitable trading? Why do some cancer patients die, and others survive? (And does this... The post EP14: Your Trading Beliefs appeared first on 2TradersPodcast.

According to Ernest Becker, and a few rogue psychologists, death is the prime motivator in your life. So, what does this mean for your trading? How do you change your behavior once you consider the inevitability of your own demise? The answers may shock you. In this episode, Darren and Walter jump into Terror Management... The post EP13: Death and Trading appeared first on 2TradersPodcast.

In this episode, Darren posts his trading stats over the last 100 trades and gets weird feedback from social media. We dive into why your account size may dictate how often you trade. Why if you focus on the reward-to-risk ratio, you may end up with trading burnout. You’ll hear about the Japanese cheesecake in... The post EP12: Comfort Trading appeared first on 2TradersPodcast.

Most traders are adept at looking at the charts through technical tools, but do you ever do technical analysis on yourself? Are there cultural differences amongst traders when it comes to what is important? What if you simply tossed a coin to determine your trades? Would that work? Darren and Walter each offer a very... The post EP11: A Simple Way To Profits appeared first on 2TradersPodcast.

What does a guy who’s only had one girlfriend have to do with taking profits? Why do Darren and Walter test random entry trading systems? And what does the old lady on the airplane with the St. Christopher medal have to do with technical indicators and the illusion of control? Find out in this episode of... The post EP10: Random Entry Systems? appeared first on 2TradersPodcast.

What can you do with a moving average? How many strategies, methods or uses does a moving average hold for a forex trader? The answer is…plenty. In this episode, Darren and Walter lift the veil on the many uses for a moving average. You’ll see how many different ways (some of them very unconventional) you... The post EP09: Moving Average Systems appeared first on 2TradersPodcast.

Why does it seem to be that profitable trading is so difficult? Does this mean we must create complex methods for pulling profits from the markets? Are most humans designed to lose money in the markets? Why is this? And what can we do to change this propensity, if it is true for most of... The post EP08: Is Complex Trading Right For You? appeared first on 2TradersPodcast.

What does it mean when you lapse back into bad habits? Is it a good idea to copy what a successful trader does? How do you know which time frame you should trade? Do experts make good teachers? Have you ever had a long night with a bottle of vodka? Darren and Walter tackle these... The post EP07: How To Find Your Trading Groove appeared first on 2TradersPodcast.

What should you do when you think it is time to change your trading system? Is it ever more profitable to change (or bend) the rules? Walter and Darren dig into strategies you can use for maintaining consistency with your trading system. Download (Duration: 22:23  / 20.5 MB) In this episode: 02:10 – what’s really going to happen... The post EP06: Bending The Rules appeared first on 2TradersPodcast.

What do trading algorithms do for the markets? Walter and Darren discuss various opinions and how it affects your trades. Download (Duration: 15:53 / 14.5 MB) In this episode: 01:38 – the hedge fund everyone loved 02:07 – the insane “mother of all losses” 03:26 – the dinosaur asteroid & the markets 04:12 – how calculating... The post EP05: The Boogey Algos appeared first on 2TradersPodcast.

How do you decide where to put your stop loss? Walter and Darren discuss following the “rule book” vs developing a system based on YOU. Download (Duration: 24:30 / 22.4MB) In this episode: 01:04 – stop loss based on the market 02:30 – the elastic band of profit and loss 04:28 – should it be based... The post EP04: What Goes Into Setting Your Stop Loss? appeared first on 2TradersPodcast.

In this episode, Walter and Darren talk about how people create emotions in life by creating situations that lead to emotional experiences. The Trading Tribe, created by Ed Seykota, allows traders purge emotions so that they do not obstruct you from achieving your trading goals. How does this process work? Is it something you should... The post EP03: What The Bleep Is The “Trading Tribe”? appeared first on 2TradersPodcast.

Learning to characterize your emotions and how it affects your most important trading decisions. Download (Duration: 28:19 / 27.8MB) In this episode: 02:02 – those who are more articulate of their feelings 03:30 – closely examine how you react 04:49 – have a plan for dealing with emotions 07:45 – learning to be more self-aware... The post EP02: Fear And Self-Awareness appeared first on 2TradersPodcast.

What role does human psychology play in your trading strategy? Find the balance and see how emotions can make a huge difference. Download (Duration: 40:02 / 38.4MB) In this episode: 02:24 – the hindsight bias 03:21 – the mental shortcut 07:15 – what are the achievers doing? 09:50 – going against the herd 15:30 –... The post EP01: Is Psychology More Important Than Strategy? appeared first on 2TradersPodcast.