Applying the 80/20 Rule to Trading with Rob Booker, Ep #61

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How does the 80/20 rule (i.e. the Pareto principle) apply to trading? What is one of the best ways for traders to learn from their mistakes? How long does it take to become a successful trader? These are just a few of the questions we dissect with Rob Booker in this episode of the How To Trade It podcast. If you’re constantly looking for ways to become better at the art of trading, don’t miss this episode! 

You’ll want to hear this episode if you are interested in...

• [1:25] A discussion of the Pareto Principle
• [12:22] Why journaling losses makes an impact
• [21:48] How long does it take to become successful?
• [32:03] How to learn more from Rob Booker

Resources & People Mentioned

• Book: 80/20 Sales and Marketing
• Book: The 80/20 Principle

Connect with Rob Booker

• Rob’s Website
• FINWARS
• Watch on YouTube
• Follow on Twitter
• Book: Adventures of a Currency Trader

Connect With Casey Stubbs

• Website: https://caseystubbs.com
• YouTube: https://www.youtube.com/TradingStrategyGuides
• YouTube: https://www.youtube.com/caseystubbs
• Twitter:  https://www.twitter.com/caseystubbs
• Facebook: https://www.facebook.com/TradingStrategyGuides
• LinkedIn: https://linkedin.com/in/caseystubbs

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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.