Chapter 3
The 100-Pip Trader
Rob Booker
Even though Rob Booker is a former lawyer turned full-time
trader, if you asked him to describe his job, he would tell you that
he is a “back tester” first and a trader second. In less than five
years, he has gone from being a$2,500 trader to a client of a major
bank who trades a respectable-size account. He practices defensive
trading and focuses on preservation of capital. His number one rule
of trading is, “If I can’t prove that a system works from my testing,
then I have no business trading it with real money.” A fan of the
casual attire lifestyle, his humorous laid-back approach has built
him a huge following. He is one of the funniest traders that we
know as well as one of the most humble. He has taught over a
thousand traders how to trade and all of them call him their friend,
as he strives to maintain a lifetime relationship with each one of
them.
From his office in Wheeling, West Virginia, Rob took a few
hours to talk to us about his approach to the market and to share
some of his tricks of the trade.