Limit Up! Podcast: Recent Episodes
Topstep
This is the Limit Up! Podcast - the place where we explore trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer.
The Limit Up! Podcast is brought to you by Topstep and hosted by Jack Pelzer and Dan Hodgman. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good.
Risk Disclosure: https://www.topstep.com/risk-disclosure/
Listen Notes
The true cost of trading futures is more than just your P&L. Learn what determines your bottom line whether you're trading from home or at a prop shop.
Setting grounded expectations will help you make steady improvements (and keep your sanity) while trading.
Topstep Senior Performance Coach John Hoagland joins the podcast to discuss revenge trading and how to stop fighting the market.
Venture into the world of the Trading occult with Dan and Jack as they discuss a few of the most common superstitions in the industry.
Dan went live on YouTube this week to take trader questions with Topstep CEO Michael Patak. If you missed it, get it here.
Tightening up your entry criteria can pay big dividends in your account. Learn a few tips to help you avoid over-trading and under-performing.
Is trading stressful? Definitely. Many traders are under-rested and overleveraged. Dan and Jack are here with a few solutions.
Topstep legend Eddie Horn joins the podcast to talk about the benefits of having a personal trading coach—which, by the way, Topstep now offers for free!
Closing out a trade often comes with conflicting emotions. Learn how to use that to your advantage.
Futures traders are usually pretty good about setting a daily drawdown limit. But how should you treat your unrealized gains?
The trading day is finished. Now it's time for perhaps the most important part of your process—a healthy dose of self-reflection.
Today, we explore the "trade" aspect of Topstep's Prep-Trade-Reflect system with special guest John Doherty.
In the next 3 episodes, Dan and Jack explore the Prep-Trade-Reflect system endorsed by the coaching team at Topstep.
We're back after a magical holiday break. Now it's time to examine the big trends that will shape markets in 2023.
John Doherty joins the podcast today to discuss which levels really matter when the market starts rocking and rolling.
Dan and Jack discuss the unprecedented wealth destruction happening in the NASDAQ courtesy of some of its biggest names. Plus it's time to digest the latest Fed minutes.
Dan and Jack discuss the unprecedented wealth destruction happening in the NASDAQ courtesy of some of its biggest names. Plus it's time to digest the latest Fed minutes.
Dan and Jack discuss the unprecedented wealth destruction happening in the NASDAQ courtesy of some of its biggest names. Plus it's time to digest the latest Fed minutes.
Dan and Jack discuss the unprecedented wealth destruction happening in the NASDAQ courtesy of some of its biggest names. Plus it's time to digest the latest Fed minutes.
Sometimes the best offense is a good defense. When your trading is on a cold streak, these are the adjustments you need to make.
Jack and Dan recover from CPI whiplash long enough to talk about how trading psychology and strategy change slightly in the fourth quarter. It's crunch time on Limit Up!
Jack and Dan recover from CPI whiplash long enough to talk about how trading psychology and strategy change slightly in the fourth quarter. It's crunch time on Limit Up!
The recent illiquidity spurs Dan and Jack to reflect on what makes a product something worth trading.
The recent illiquidity spurs Dan and Jack to reflect on what makes a product something worth trading.
What the Fed giveth, the Fed taketh away. Dan and Jack also play a few rounds of CNBC.com Roulette.
What the Fed giveth, the Fed taketh away. Dan and Jack also play a few rounds of CNBC.com Roulette.
You learn from good trades. But you learn way more from the terrible ones. Dan and Jack discuss their most spectacular trading failures.
Original Topstepper Eddie Horn joins the show to discuss the most common questions asked by traders.
John Hoagland stops by to discuss the ups and downs of trading, and why managing losses might be the hardest part of the game.
Dan and Jack discuss their personal experiences at professional prop shops. Specifically, they dive into how these companies manage their risk.
It's time to get weird! Or at least as weird as one can be when talking about macroeconomics.
Is trading all about fast cars, glamour, and screaming matches between colleagues? Of course not. Dan and Jack dig into a few of their favorite trading myths.
Crude Oil has been on a tear since late 2020. But lately, that rocket has come back to Earth.
Congress released their report on Robinhood and memestock mania last week. And boy, is it a doozy.
Bonds may not be as exhilarating as other futures products, but they are just about the most important indicator out there.
With traders viewing everything through the lens of the Fed, good economic news might not be all it's cracked up to be.
It's tempting to "jump" your levels so you can get in on the action. But if it's not part of your trading strategy, you might want to think twice.
The Nasdaq is down more than 30%. Which begs the question, is everyone having fun yet? Dan and Jack discuss the levels to watch below.
Most traders get started with stocks before exploring other products. Dan and Jack discuss the pros and cons of options and futures when it comes to daytrading.
Dan and Jack discuss the components of an effective trading journal. The trades. Hard data. Emotions and feelings. You'll need them all if you want to get better.
It’s been 136 days since the NQ last hit an all-time high. This is uncharted territory for those who started trading in the past few years. Plus our thoughts on Elon Musk buying nearly 10% of Twitter. Enjoy!
Dan and Jack look at charts going all the way back to 1998 to put the recent moves in context. Stock index futures are wobbling right now—so will it be smooth sailing, or is the drop we saw just the beginning?
The Fed raised rates this week for the first time since before the pandemic. How will the markets react in this new environment?
Volatility in markets, especially commodities, is extremely high. This is when you need to adjust your risk parameters to trade responsibly.
Dan and Jack discuss how the Russian invasion of Ukraine completely changes everything.
Dan and Jack respond to the Fed's threat to raise rates by a whole percentage point before July (not that any of them will care, but still). Then the discussion moves to trading with bracket orders. These are a powerful tool for traders, but the results of a little experiment run by Risk Manager Mick demonstrate why they can't be used like market-making algos.
Dan and Jack reflect on today’s big drop in NQ and take on the concept of trading “congestion areas.” What are they? Why are they important? Listen and you shall be enlightened! There’s also a new segment where Dan reveals what’s working and not working this week for Topstep traders.
Discretionary trading requires a massive amount of… well… discretion. Dan and Jack rundown Thursday’s market action and then partake in a lively discussion about what percent of your stack should be risked each day, week, and year (or even what you should risk, period).
Every trader knows you need to trade with stops. But where the heck are you supposed to put them? Dan and Jack dive into initial, trailing, time, and volatility stops today in their quest to become more enlightened traders and better men.
Dan and Jack are back after going "off-the-grid" for six months to discuss their 2022 trading goals, Jack's new family situation, and the new, interactive format of the podcast. Check out the Topstep YouTube Channel at 3PM CT on Thursday afternoons to be part of future live recordings. It’s great to be back!
Who do you listen to when it comes to trading? Doing your homework and staying informed is an important aspect of long term trading success. As is having a place to bounce around ideas and hear different perspectives. However it’s also critical that you vet those sources. This week on Limit Up! Jack and Dan discuss the double-edge sword of easy access to trading advice and how best to evaluate your go-to sources. They’ll cover some practical tips and give a few golden rules to keep in mind. Lastly, they give a heads up on their August hiatus from the show, but don’t worry Jack and Dan will be back before you know it in September with all new content. Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
How do you build long term success in day trading? That’s the topic Jack and Dan are tackling this week with practical suggestions for account management, capital allocation and overall risk and money management, helping you find term success to keep you in the game. As always they kick things off with a discussion of current markets including the recent bounce-back, volatility increase and the complexities of trading the bond markets. Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Today Jack and Dan are discussing corrections, inflation and you - yes, you, because this could be affecting all of us. They dive into the idea of market corrections, what they are, the historical context and what you should be looking for right now if you are trading in the futures market specifically. Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
The VIX is up 25 percent. We're back to that 20 handles and that means there's some good day trading coming down the pipe. That being said, we know that's not always the case. So today, we're bringing you a recent segment of The Coach's Playbook with the incomparable Carol Jorissen, big time commodities trader back in the day. We talk about how to avoid day trading burnout, which is something we're all going to have to deal with at some point. However, there are tools to help manage those feelings as well as some indicators to know when it's time to step away - maybe for a while, maybe for good. So take a listen, because you shouldn’t trade because it's something you have to do, trade because it's something you want to do. Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Are Reddit traders engaging in market manipulation? Today on Limit Up! Jack and Dan talk about why it’s so hard to nail down what is and isn’t manipulation, and how meme stock traders are pointing out interesting flaws in the current system. Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
When should you change the way you trade? Jack and Dan offer their takes on how to tell if your trading strategy isn’t working, and the first steps towards making meaningful changes. They also talk about the news in crude oil contracts and Microsoft’s recent $2 trillion dollar valuation. Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Should you trade options or futures? Today’s Limit Up! is all about answering that timeless question. Jack and Dan weigh the pros and cons of the two and discuss why factors like your timeframe, funding and long term goals could inform your decision. Dan also shares why he thinks the S&P is due for a downward adjustment and why that’s not such a bad thing for the market. Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
What can traders expect this summer to hold for them? Jack and Dan talk about the annual slowing down of the markets in the summer, how retail trading’s rise could affect it and why you should always avoid trading Friday afternoons. They also discuss the new inflation numbers coming out from the Fed and the newest developments in the world of meme stocks. Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
On this week's episode Jack and Dan discuss the different types of traders and trading styles they've seen in the markets, as seen in Topstep's recent "Which Trader are You?" quiz. They break down Gunslingers, Lifestyle traders, Zen traders and Grinders — and the pros and cons of each. They also take a minute to look at AMC’s recent rise and meme stocks’ effect on the market. Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
How do prop shops judge traders? Jack and Dan talk about the metrics and strategies prop shops use to select traders and measure their risk and success. They also comment on the recent chaos in cryptocurrencies and the long-term challenges facing crypto traders. Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
On today’s special edition of Limit Up! Topstep staff and former traders John Doherty, Mick Ieronimo and John Hoagland talk to new Topstep contributor Carol Jorissen. Carol talks about coming up in the commodities pits, the in and outs of the grain markets and tips for other traders looking to start trading more commodities. Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Today’s Limit Up! is all about risk and reward. How do you maintain long-term profitability in a risky business? Jack and Dan dive into the importance of looking at your trades in the bigger picture, scaling up your trading strategy, and the two factors to look at when assessing your trading plan. They also take a moment to talk about rising commodity prices, the Colonial Pipeline cyberattack, and Elon Musk’s SNL appearance. Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Trading isn’t just about making money moves. Research is an essential part of the process. Jack and Dan talk about doing your due diligence before a trade, how research gives you an edge, and the importance of learning the quirks of specific markets. They also discuss the pros and cons of different news and research sources and why charts should be the first and last stop when doing analysis. To end the episode, Jack and Dan take a moment to look back on the 2010 Flash Crash. Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Focus is essential to profitable trading. Jack and Dan talk about staying focused, the warning signs of losing concentration, and trader burnout. They also discuss making money versus managing money and take a look at Bitcoin and NFTs’ long term viability in the markets.
Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Pilots train to fly in simulators before they ever get into a plane. At Topstep, we believe that trading in simulators is a safer way to learn the ins and outs of trading than just throwing yourself into the live market. But how do you know if your strategy that works so well in a sim will carry over to the floor? This week on Limit Up! Podcast, Jack and Dan are joined by Topstep founder Michael Patak. They talk about the golden age of trading when scalping was the go-to and talk about how that relates to learning in simulated trade environments. The team also shares metrics to look at to make sure your sim strategy will work for you in the real world. If you’re a trader with Topstep, you won’t want to miss this discussion. (01:24) - Is your trading strategy viable? (02:18) - Buy everything rally (09:24) - Scalping back in the day (12:10) - The computer revolution (15:36) -https://www.imdb.com/title/tt6866224/ ( The Hummingbird Project) (21:00) - Simulators (28:36) - Timeframes (36:47) - High probability setups (39:15) -https://help.futures.topstep.com/hc/en-us/sections/360011466274-Coach-T- ( Coach T)
Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
We all want to be confident traders. But there is a huge difference between confidence and competence. In part two of our series with Mental Game Coach Jared Tendler, we’re talking about how confidence in and of itself should not be your goal. Jared walks us through the Dunning Kruger Effect (think American Idol contestants who have no idea how bad they are) and shares how to avoid this pitfall. Jack and Dan also make some truly terrible predictions for the Master’s and round things out with tips on how to trade during market slowdowns, especially in the summer. Take a listen. (02:12) -https://help.futures.topstep.com/hc/en-us/sections/360011466274-Coach-T- ( Coach T) (04:12) - Interview with Jared Tendler (04:12) - Inchworm (10:02) - Mental stop-loss (13:30) - Confidence (19:48) - Masters (22:56) -https://www.amazon.com/Mental-Game-Trading-Confidence-Discipline/dp/1734030917 ( The Mental Game of Trading ) (23:52) - Green jacket picks
Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Emotions cannot be eliminated. Instead of trying to push away strong emotions, traders need to learn what the emotion is really trying to tell you. Jared Tendler is a Mental Game Coach and expert in performance psychology. He talked to Jack and Dan on this week’s edition of Limit Up! about his latest book, The Mental Game of Trading. Jared has successfully coached professional golfers, gamers, and poker players and now is shining a light on performance psychology. Listen to this fascinating discussion to learn how to approach emotions such as fear and greed. Come back next week for part two! (00:59) -https://www.amazon.com/Mental-Game-Trading-Confidence-Discipline/dp/1734030917 ( The Mental Game of Trading) (01:39) -https://help.futures.topstep.com/hc/en-us/sections/360011466274-Coach-T- ( Coach T) (02:21) - Interview with Jared Tendler (03:49) - The safer bet (08:21) - Transition to trading (10:29) - Esports experiences (17:27) - Emotions signal the problem (22:48) - Fear and greed
https://jaredtendler.com/ (Jared Tendler), MS, LMHC, is a leading expert in how your mental game impacts performance. His roster of clients spans 45 countries and includes independent and institutional traders, some of the top poker players in the world, a top ranked pool player, entrepreneurs, and several PGA Tour players. The author of two highly acclaimed books, The Mental Game of Poker, and The Mental Game of Poker 2, Jared recently published his third book, The Mental Game of Trading. In addition to his writing and 1:1 coaching, Jared also previously served as the Head of Sport Psychology for the esport organization https://www.teamliquidpro.com/news/2016/09/27/wizards-warriors-and-magic-a-strategic-partnership (Team Liquid). He was a key driver of many of their championships, including The International 2017 (DOTA2), the Intel Grand Slam (Counter-Strike) and four League Championship Series titles (League of Legends). Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts),...
For Jack, trading began with some trading tips from his grandfather. Dan grew up in a trading household. These experiences shaped their lives, however, even with that exposure trading can only be successful when you have the desire and the interest. On this week’s edition of Limit Up! Podcast, Jack and Dan are sharing their personal stories of how they discovered their future careers. They also discuss ways to maintain your trading edge and why adaptability is the most important quality for traders. Take a listen to the episode. (01:10) - Getting the trading itch (09:07) - Action seeking (12:54) - Mentorship (16:47) - Finding an edge (23:54) - Losing the itch (30:22) - Sweaty palm days
Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Most novice traders want to know the stats of more experienced traders. However, a better question to ask yourself is, “What are my personal strengths and weaknesses?” If you know the conditions under which you thrive as well as what makes you tick, you will be more successful. In the business world, this is called SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats). This week on Limit Up! Podcast, Jack and Dan are sharing their personal strengths and weaknesses to help you better reflect on your own. They discuss why hard times make hard people and why you need to know your reason for trading. Stay tuned for a discussion on the ongoing GameStop saga. (05:06) - Trading in the moment (13:08) -https://en.wikipedia.org/wiki/Kevin_Garnett ( Kevin Garnett) (13:29) - Understanding macro forces (18:42) - Breakouts off the open (20:31) - Outright futures (24:09) - Desire for more (29:22) - FOMO (35:56) - SWOT charts
Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
If you’re down on your luck, take a break from trading. If you’re on a hot streak, take a break from trading. There are countless stories of people getting in over their heads which is why knowing your out is one of the most important skills to develop. This week on the podcast Jack and Dan define “going on tilt.” Listen to learn the history of the term and the lessons to take from traders such as Evan Dooley. Market Mania is happening soon so don’t forget to fill out your brackets! (02:23) -https://www.topstep.com/market-mania/ ( Market Mania) (03:52) - Going on tilt (06:28) - Pull tabs (08:36) - Evan Dooley (15:29) - Scalability (24:37) - Warning signs (27:31) -https://www.imdb.com/title/tt04270492/ ( Billions) (27:54) - Be your own risk manager (32:42) - Trading ego
Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32).
The GameStop drama in January and February has given a lot of attention to social sites like the WallStreetBets Reddit page. But what are the pros and cons to making trades based off of information gleaned from social media? This week on Limit Up! Podcast, Jack and Dan talk about how WallStreetBets and Discord have changed the game. They offer advice on what to look out for and what to stay away from when making social trades. Listen for their advice. (02:04) - Social trading (03:32) -https://www.topstep.com/market-mania/ ( Market Mania) (06:37) -https://www.reddit.com/r/wallstreetbets/ ( r/WallStreetBets) (12:13) - Impulse protection (18:41) - YouTube trading rooms (21:33) - Questionable micro influencers (25:13) -https://stocktwits.com/ ( Stocktwits) (28:29) - Jawboning (30:01) - Topstep on Discord
Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
You can’t trade for 23 hours a day. Eventually, you’re going to hit a breaking point. With so much money to be made in the stock market, it’s easy to want to push through and keep going. But you really need to take time off and pace yourself. This week on Limit Up! Podcast, Jack and Dan discuss the importance of taking time off for your general well-being. They share tips on why to step away even if you’re on a hot streak, how to conquer trading FOMO, and how to make rest a part of your trading lifestyle. (02:01) - Taking time off (08:32) - Advance planning (12:33) - Trade for balance (14:12) - Night shift (18:30) - Vacation exhaustion (23:08) - Undoing your work (26:10) - Day-to-day routines (30:40) -https://www.topstep.com/market-mania/ ( Market Mania Part Deux)
Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Everyone knows that timing is everything when it comes to trading. But timing goes beyond getting lucky on a big trade. Good traders have a plan and execution strategy for every type of trade they get into. On today’s edition of Limit Up! Podcast, Dan returns after a bout with Covid (he’s ok!) to talk to Jack about the strategy behind timing. They discuss knowing when to close a stale trade, how the duration of time you’ve held onto a stock determines what you should do with it, and why you should commit to trading during certain hours. Most importantly: take time off! Listen for their tips and strategy. (00:50) - On the mend (03:03) - Trading against the clock (05:45) - Types of traders (07:46) - Scalping against bots (12:07) - Closing stale day trades (18:14) - Opportunity cost in swing trading (24:28) - Position trading involvement (29:09) - Long-term speculation
Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
While most traders have some degree of impulsivity, when it comes down to it, trading is all about understanding patterns. Ego can drive traders to make rash decisions. If you employ a strategy in which patterns guide your trades, you will make better decisions and have a clearer view of what is happening in the market. This week’s episode of Limit Up! Podcast is all about patterns. Jack and John Doherty share the patterns they watch for and talk about why walking away is sometimes the best decision. Listen to the episode for the latest analysis on what’s going on with Bitcoin. (01:11) - Bitcoin vs. inflation (07:36) - Flags and pennants (11:47) - Fundamental analysis of technical analysis (15:12) - Following the rules (19:21) - Swing highs & lows (20:53) - Overtrading (23:34) - Bread & butter setups (27:08) - Zoom out (28:01) - The neverending grind higher (32:12) - Market mania
Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
To be a good trader, you need to have good instincts and well-established routines. That means taking the day off when you’re not 100% and sticking to the daily routine that keeps you healthy and alert. As part of our series on technical analysis, Jack, Dan, and John Doherty are sharing their personal trading habits to help you plan out the routine that will work for you. Listen in to learn what charts to look at during various times of day and what indicators work best for the traders on our team. Stay tuned for our market reaction and an update on GameStop. (00:26) - Market reaction (04:41) - Daily routine (14:12) - Charts & indicators (25:58) - Entering trades (30:32) - Overnight futures (32:21) - Execution points (35:51) -https://www.youtube.com/channel/UCTDYMpdFhZU6Ivf3F2AEVUQ ( Topstep on YouTube)
Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Unless you’ve been living under a rock this week, you have no doubt heard about the GameStop stock drama. What started as a once in a lifetime opportunity to get rich quick has become a David versus Goliath story of retail traders rebelling against massive hedge funds. Limit Up! is taking a short break from our trading fundamentals series to bring you all the details behind Wall Street’s story of the week. Jack, Dan, and John Doherty give a recap on how GameStop blew up, how a short squeeze works, and what sort of repercussions are likely in store for the trading app Robinhood. Tune in for Topstep’s take on this volatile week. (00:45) - Mechanics of short squeezes (05:14) - Zero-commission trading (06:49) - Float and short interest (10:51) - Role of short sellers (20:34) - Effect on futures and forex (26:31) - Industry change (34:21) - Astroturf
Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Charts. Some people love them, others question whether they actually work. To broaden your understanding of technical analysis, today’s episode of Limit Up! is diving into the history of this chart heavy theory. Jack and Dan are joined by Topstep’s John Doherty to give you an overview of the history of technical analysis and talk about how you can integrate it into your trading toolkit. The team goes into best practices and offers their experience on when technical analysis does not work. Listen to the episode and decide for yourself whether or not you are a “chartist.” (01:44) - The squeeze is on (05:51) - A brief history of technical analysis (13:17) - Skepticism (16:06) - Balancing fundamental and technical analysis (24:23) - Measuring crowd psychology (30:41) - Stay humble
Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Simulations are just that: simulations. Trading in real life is vastly different. Some traders get so comfortable in simulations that they take bigger chances than they should when they get to the real trading floor. On this week’s edition of Limit Up!, Jack and Dan walk you through tips and tricks to make the jump from simulation to real trades. Jack and Dan share tips such as start smaller than you think small is and why you should trade what you have and not what you want. Check out the episode for their advice and our latest market reaction. (01:12) - Market reaction (04:04) - Simulated vs. real trading (09:39) - Treat it like it's real (13:32) - Start small (21:05) - Walking the 2x4 (23:08) - Race to the queue (29:12) - Scaling plan
Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
This week’s installment of our new Trader Development Series is all about how to open a brokerage account. Jack and Dan are joined by longtime trader, and Founder/Chief Visionary Officer of Topstep, Michael Patak, for a discussion on futures brokerages. Listen to their conversation to learn about the importance of risk management, trading small, and watching your margins. Whether you’re a longtime trader or a brokerage newbie, the Topstep team has a wealth of wisdom to impart to help you get set up today. (01:39) - Stock melt up (06:07) - Opening a brokerage account (10:30) - Understanding margin (16:46) - Choosing a broker (19:38) - Forex vs. futures (22:20) - Don't trade what you can't lose (29:33) - Trading vs. investing (31:31) - Scaling up
Limit Up! is a podcast for traders of all levels brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Limit Up! is kicking off 2021 by getting back to the basics. This week, Jack and Dan are sharing their essential trading tips for newbies and veterans alike. Listen in for their advice as well as resources and book recommendations. They explain why it’s so important, especially for new traders, to keep things simple and not bite off more than you can chew. Check out the episode and hit the ground running in 2021. For even more coaching, check out the https://youtube.com/playlist?list=PLddTh6jO7O9G7LF2KdQIf82ENJDk5Z7RF (Coach’s Playbook) on YouTube on Tuesdays at 11:30am CST. (01:43) - Getting started trading (04:19) - Back in the day (12:57) - Trader development (17:44) -https://www.babypips.com/ ( Babypips) (18:13) - Be cautious (25:05) -https://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Lefevre/dp/168422294X/ ( Reminiscences of a Stock Operator) (28:58) - Trading simulators (31:47) - Keep it simple (34:22) - Trade what you have
Limit Up! is a podcast for traders of all levels brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
This week on Limit Up! We are saying so long to 2020 with a special compilation of some of our favorite guests from this year. In this episode, we have highlighted some of the best tips about improving your trading game. Listen for advice from traders such as https://www.topstep.com/money-management-and-trading-with-chris-tate/ (Chris Tate), https://www.topstep.com/building-a-trading-plan-with-austin-silver/ (Austin Silver), https://www.topstep.com/learning-to-trade-from-youtube-with-matt-miller/ (Matt Miller), and many more. Bring this energy to 2021 and make it your best yet! (03:06) - Building a trading system (04:35) - Getting into futures (07:29) - Lessons from gambling (13:36) - Making a living (15:44) - Not losing money (19:25) - Staying engaged (23:03) - Predefined plans
If you think you, or someone that you know would be a good guest for the show, email Jack at: jack@topstep.com. Limit Up! is a podcast for traders of all levels brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
What makes Santa such a great gift-giver? He has his system for delivering presents on lock. To be an effective trader, you have to put in the work to create a system that works for you and stick to it. This week on Limit Up! we are revisiting some of the best advice on trading systems we’ve gleaned from our guests in 2020. Take a listen for trading best practices from such guests as https://www.topstep.com/money-management-and-trading-with-chris-tate/ (Chris Tate), https://www.topstep.com/investing-to-grow-your-wealth-with-gary-morrow/ (Gary Morrow), https://www.topstep.com/how-dual-momentum-can-change-your-investment-game-with-gary-antonacci/ (Gary Antonacci), https://www.topstep.com/find-your-trading-niche-with-jerry-robinson/ (Jerry Robinson), https://www.topstep.com/automating-day-trades-with-jeremy-tang-and-zac-white/ (Jeremy Tang and Zac White). We hope you learn something and have a safe, restful holiday season! (00:15) - Systems for efficient trading (01:43) - Trading vs. investing (05:58) - Profit tracker trend trading (07:37) - Computer assistance (10:39) - Boosting confidence (12:20) - Embrace the decline (13:37) - Simple indicators (16:17) - Dual momentum (22:15) - Recency bias
Limit Up! is a podcast for traders of all levels brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
As we round into the holiday season at the Topstep office, Jack and Dan are ending the year strong with their last interview of the year. Greg Baird comes onto the show to break down all things stocks, futures and options as well as what it’s like to answer the lure of the pit when you’re just getting started. Greg talks about the importance of always making adjustments when you’re trading, getting into the rhythm but also creating distractions so you can enjoy the process. It’s not all about the money after all. But first, Jack and Dan break down the latest news from the market, the start of the COVID-19 vaccine rollout and...dead squids? All that and more on this week’s Limit Up! by Topstep. (02:14) - Market reaction (05:58) - Interview with Greg Baird(06:36) - Getting to the pit (09:34) - Last year was easier (11:32) - Time decay (12:43) - Leaving the floor (14:33) -https://www.topstep.com/a-poker-champion-on-high-risk-decisions-annie-duke/ ( Limit Up! Episode #044 with Annie Duke) (16:31) - The stakes (20:05) - In rhythm (21:21) - Comparing crashes (26:24) - Accessibility (27:16) - Fair value focus (29:08) - The scalping game (31:27) - Creating a distraction (34:54) - Retirement (36:05) - Enjoying the process
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Viktor Nebehaj didn’t originally want to get into investing. Preferring technology over finance, his career started with HTML and SEO rather than stocks and ETF. After an early stint at Google in the early 00’s left him with some of their stock, he started to get more interested in the financial world of investing and trading. Faced with challenges trading within the U.K., he thought there has to be a better way to access the markets. Fast forward to present day and Viktor is the co-founder of Freetrade, the main commission free trading platform in the U.K. In this episode of the Limit Up! podcast, we talk to Viktor about growing up in Europe, working at Google on SEO and investing in international markets. With a goal of helping people build wealth through the financial world, Viktor and team are looking to expand into Europe soon and possibly beyond that in the future. Listen in for all that and tips on avoiding the pitfalls that come with investing in complex financial products. (03:29) - Interview with Viktor Nebehaj(03:53) - Viktor's early career (07:55) - Google in 2005 (10:29) - Takeover in Hong Kong (12:03) - Personal finance 101 (14:48) - Long-term vision (19:00) - Maintain conviction (21:53) - Founding Freetrade (26:52) - Growth loop (30:58) - Feature monetization (35:23) -https://freetrade.io/sipp ( Freetrade SIPP) (38:03) -https://shop.topstep.com/ ( Topstep merchandise)
http://twitter.com/v18n (Viktor) is the co-founder of https://freetrade.io/ (Freetrade), the main commission-free trading app, or neobroker, in the UK, soon launching in Europe. Viktor grew up in Eastern Europe and joined Google's early European team in 2005, where he spent seven years based in Dublin, Ireland. After a year-long gig in Hong Kong, where he headed up search engine optimization Asia-wide at an agency, he began his startup journey both as an operator and investor. He is a public equity investor focused on tech companies as well. Viktor holds an MBA from the Central European University and lives in London with his wife. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Latoya Smith worked in finance for a time before pursuing her passion for trading. She is now the co-founder of The Profit Room, a stock market and trading educational company. On this week’s edition of the Limit Up! Podcast, Jack and Dan talked to Latoya about her road to becoming a day trader. One interesting thing about Latoya is that she learned about the stock market by forming an investment club with friends. She talked about this formative experience, how investment property helped her create wealth, and why she loves to trade gaps. Take a listen to the episode for more on Latoya’s journey. (01:41) - Interview with Latoya Smith(02:44) - Getting into finance (07:54) - Fundamental analysis (09:39) - Short-term trading (10:05) - Compliance (15:53) - Futures capital (24:23) - Forminghttps://theprofitroom.com/ ( The Profit Room) (28:20) - Structure (30:49) - Trading gaps (32:00) - Courses with mentorship (35:28) - Trade what you see
https://www.linkedin.com/company/68022041/admin (Latoya Smith) is the co-founder ofhttps://theprofitroom.com/ ( The Profit Room) which is a stock market educational and trading company. The Profit Room provides mentorship and hands on live training in the stocks, forex and futures market, as a way for others to achieve generational wealth. The Profit Room is well known for their gap strategy and live trading videos in the futures market. In 2006 Latoya was introduced into the stock market by forming an investment club with friends. Latoya believes in wealth building through the means of the stock market. She worked 5 years in corporate America in the investment banking industry learning the processes, structure and the various instruments/Investments that were offered. In 2012 Latoya decided to leave her career in investment banking and pursue her passion which was trading the markets for a living. She is well known for her charting techniques and pattern recognition which enables her to profit in all markets. With over 13 years of investing and trading experience Latoya’s goal is to help more people achieve financial freedom the same way she did. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Looking to enhance your trading performance? Topstep’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coaching (https://info.topsteptrader.com/performance-coaching) Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw...
Happy Thanksgiving to all of our listeners! As a special holiday treat, this week on Limit Up! we have compiled some of our best advice from forex traders. Whether you have been wanting to trade forex or you have no idea what that is, we’ve got you covered by expert guests including https://limitup.topsteptrader.com/episodes/perception-vs-reality-in-trading-with-akil-stokes (Akil Stokes), https://limitup.topsteptrader.com/episodes/how-to-be-a-traveling-trader-with-etienne-crete (Etienne Crete), and https://limitup.topsteptrader.com/episodes/building-a-trading-plan-with-austin-silver (Austin Silver). Listen to the episode for best practices, a discussion on cultivating the right mindset, and why now is the best time to start trading forex. (00:15) - Learning to trade forex (01:40) - Getting into trading (05:36) - Accepting guidance (07:10) - Uncertain times (08:16) - Steps for new traders
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Looking to enhance your trading performance? Topstep’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coaching (https://info.topsteptrader.com/performance-coaching) Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw (https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Jack Pelzer is one of the fearless hosts of Limit Up! Podcast. If you’ve wondered about his experience as a trader or how he came to be the voice of Topstep, this week’s episode will answer your burning questions. After getting his start at a big prop firm amidst the turmoil of the Great Recession, Jack earned a Master's degree, wrote for the satirical website The Onion, and then made his way to the Topstep family. Listen to the episode for reflections on what it’s like trading at a big prop firm and what the markets look like one year into the coronavirus pandemic. (01:15) - COVID-19 anniversary (04:40) - Interview with Jack Pelzer (09:44) - Jack's introduction to trading (13:01) - Prop firm nights (19:51) - Dance of the spreaders (25:54) - First account (28:13) - Fixed costs (33:26) - DRW acquisition of Chopper Trading (36:30) - Finding Topstep (38:08) - Drive of a billionaire (41:25) - Back in action
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Looking to enhance your trading performance? Topstep’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coaching (https://info.topsteptrader.com/performance-coaching) Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw (https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
If you’re a regular listener, you know that Topstep’s own Dan Hodgman comes from a family of traders. But his route to the trading floor and ultimately to Topstep was not linear. On this week’s episode of Limit Up! Jack interviewed Dan to find out how he became a trader and how those experiences shaped the kinds of trades he makes. Dan talked about his time clerking for his father, his time in the Marine Corps, and a bit about his trading strategy these days. Listen in as we learn Dan’s trading origin story. (00:15) - Interview with Dan Hodgman (03:05) - Family of traders (05:14) - Early transitions (09:58) - Joining the Marine Corps (13:01) - The draft (26:44) - Trading after service (22:55) - Controlling the downside (28:42) - Committing to the lifestyle (31:58) - Joining Topstep (35:49) - Illiquidity
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Looking to enhance your trading performance? Topstep’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coaching (https://info.topsteptrader.com/performance-coaching) Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw (https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
To be a successful trader requires strategy and creating systems that help you succeed. When you get stuck in the emotion of trading, it becomes little more than gambling. Austin Silver is a Forex trader and Head of Trading and Education at ASFX. He believes that the key trait of successful traders is to create your own trading plan. Austin joined Jack and Dan and talked about why it’s important for traders to focus on one area instead of juggling multiple things. He also talked about his journaling practice and how that has helped him become a better trader. Tune in for Austin’s advice as well as Jack and Dan’s thoughts as election returns began to trickle in. (00:56) - Market Reaction (04:21) - Interview with Austin Silver (05:10) - Austin's vision of trading (10:20) - The wedding DJ game (11:54) - Founding ASFX (14:54) - Lifestyle marketing (17:45) - Caught chasing (20:10) - Emotional journaling (27:50) - Paying the rent (35:11) - Austin Silver on YouTube
http://www.instagram.com/austinsilverfx (Austin Silver) started his career as a retail trader in 2015 in his college dorm room. As with most retail traders, he spent the first eighteen months of his career up and down, unable to find consistent success. Austin was finally able to turn a consistent profit in year two and from there, it was off to the races. After building, testing, and proving his “ASFX” trading systems profitable, people started to ask him to share his knowledge. Fast forward a few years later, and Austin has now built one of the largest social media followings in the trading industry behind sharing valuable content through his daily trades. Being an entrepreneur at heart, Austin has built multiple successful businesses around the strategies he uses in the Forex market. Austin’s passion is rooted in helping bring value to the masses. His goal is to get as many people as possible trading actively and taking full control of their financial future. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Looking to enhance your trading performance? Topstep’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coaching (https://info.topsteptrader.com/performance-coaching) Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw (https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in...
Etienne Crete is the founder of Desire To Trade, a trading education website. Before he became a founder and full-time trader, he worked a job he hated and searched for a way to generate income while devoting time to his love of traveling. His success came about thanks to his adherence to routines and systems designed to help him improve his skills. Etienne is our guest this week on Limit Up! and talks to Jack and Dan about one of his most important tools: old fashioned journaling. Listen to the episode for Etienne’s story and learn how you can make algorithms and strong routines work for you. (00:49) - Market Reaction (05:59) - Interview with Etienne Crete (07:26) - Forex in uncertain times (08:51) - Traveling & trading (12:46) - Designing algorithms (16:54) - Consistency in habits (19:07) - Desire To Trade Podcast (23:44) - Desire To Trade on YouTube (25:22) - How to get back on track (28:14) - Winning streaks (30:10) - Daily routines (32:46) - Adaptive learning (37:23) - The itch to move (40:07) - Surround yourself
https://youtube.com/desiretotrade (Etienne Crete) is a traveling Forex trader and the founder of http://www.desiretotrade.com (Desire To Trade). His goal is to help more traders quit their corporate jobs to enjoy more freedom through trading. He began trading in 2013 at the age of 18 and started surrounding himself with highly successful traders in 2015. This led him to taking the leap to full-time trading in 2017. He has since been trading while traveling and connecting with traders all around the world. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Looking to enhance your trading performance? Topstep’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coaching (https://info.topsteptrader.com/performance-coaching) Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw (https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in...
The media often portrays trading as a get rich quick scheme. The reality however, is that trading is a job like any other and it is a job that contains a high degree of stress. Many trading education programs focus on how to trade, but not many offer tools on how to find personal happiness while trading. Jacob Rudge of TradeHappy wants to change that. On today’s episode of Limit Up! Podcast, we’re diving into why mindset matters, what tips you can use to cultivate more happiness into your trading, and when it might be time to move on. Listen to the episode to learn Jacob’s tips. (00:55) - Market Reaction (04:15) - Interview with Jacob Rudge (04:51) - Learning to trade (07:18) - Risk management (08:48) - TradeHappy (12:41) - Cultivating creativity (15:58) - Staying positive (17:10) - Moving on (21:03) - Misconceptions around forex (24:55) - Trader's Podcast (27:56) - Take time and seek instruction
https://www.youtube.com/channel/UCudy_QTbfAGlrdB1IbXCh1w (Jacob Rudge) is the Founder and CEO at https://tradehappy.co.uk/ (TradeHappy). He is a 22-year-old from Leicester, UK and has been trading for almost 4 years. TradeHappy combines trading education with well-being, happiness, and lifestyle mentoring to give traders a complete package. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Looking to enhance your trading performance? Topstep’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coaching (https://info.topsteptrader.com/performance-coaching) Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw (https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Modern economists have grown so reliant on bailouts whenever there is market instability that the tax burden inevitably gets passed on to regular people. Most US families only have income streams from their jobs, the most heavily taxed revenue stream. Jerry Robinson is a trader and author who wants to change all that. On today’s episode of Limit Up, Jerry discusses two key fundamental concepts for every trader: know your trading niche and diversify. Traders who are educated in a specific area do well to trade in that area as opposed to casting a wide net. Jerry also passionately believes in ending the consumption trap and discusses how he and his family have managed to live mostly off the grid. Listen to the episode for Jerry’s advice on the best ways to diversify your portfolio and educate yourself on the opportunities that come with careful investment. (00:47) - Market Reaction (05:28) - Interview with Jerry Robinson (05:51) - Cracking the code (07:09) - Bankruptcy of Our Nation (09:09) - Red flags (15:09) - Finite supply (17:32) - Diversify Your Savings (21:40) - Trading vs investing (28:31) - Profit Trakker Trend Trading System (31:37) - Self-sufficiency (37:36) - The Consumption Trap
http://youtube.com/ftmdaily (Jerry Robinson) is an economist, trend trader/trading coach, best-selling author, as well as a real estate and cryptocurrency investor. He is the founder of https://followthemoney.com/ (Followthemoney.com), an independent financial education website. And he is also the creator of the Profit Trakker trend trading system. In 2012, Jerry Robinson uprooted his family from the suburbs of Houston, Texas and now lives a more sustainable (about 75% off-the-grid) lifestyle in the beautiful Ozark mountains in Northwestern Arkansas. (Jerry also has a passion for researching and teaching the Bible and shares his teachings online at TrueRichesRadio.com.) Find him on Twitter: https://twitter.com/FTMDaily (@ftmdaily) Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Looking to enhance your trading performance? Topstep’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coaching (https://info.topsteptrader.com/performance-coaching) Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw (https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in...
Recency bias means that you pay the most attention to the last thing you heard or said over historic knowledge. For many traders that means that because the markets have been going up that they will always go up. Chris Tate is a trading veteran and the Director at Trading Game. He joined Jack and Dan to discuss this phenomenon. Chris has been a trader for over 30 years and has seen it all. He makes the case for training yourself to be comfortable with discomfort, honing your money management skills, and increasing your patience. Listen in for a masterclass on trading psychology. (02:03) - Market Reaction (04:45) - Interview with Chris Tate (08:57) - The common thread (12:32) - Pride goeth before a fall (18:53) - Money management (32:06) - Components of a trading plan (39:25) - Recency bias (43:28) - Be a student of markets
Chris Tate is one of the first people to ever release a share trading book in Australia and has had an extraordinary impact on thousands of traders. He is the bestselling author of The Art of Trading and The Art of Options Trading in Australia, his brutally honest approach and meticulous pursuit of excellence ensure that exceptional traders all around the world quote his market comments. He’s been running the 6-month repeat-for-free http://www.tradinggame.com.au (Trading Game) Mentor Program for the past 20 years, and he’s also the founder of Talking Trading, a free weekly trading podcast. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Looking to enhance your trading performance? Topstep’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coaching (https://info.topsteptrader.com/performance-coaching) Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw (https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode...
Hollywood has given many would-be traders a warped perception of what it actually means to be a trader. The truth is, trading isn’t a get rich quick scheme so much as a skill that needs to be developed. Akil Stokes is a trading coach and co-founder of Tier One Trading. He joins Dan this week to debunk some of the myths around trading. Akil also takes time to break down Forex trading and discusses why trading psychology is the most important piece when it comes to making successful trades. Listen to the episode for advice on creating the systems you need to be successful. (03:44) - Market Reaction (07:19) - Interview with Akil Stokes (13:56) - Consistency (16:15) - The importance of trading psychology (18:07) - Reality vs. perception (22:34) - Small clues (24:42) - Execute the play (29:03) - Stop & go traffic (33:28) - Preparing for when things get better (40:00) - Tier One Trading
https://www.linkedin.com/in/akil-stokes-82411118/ (Akil Stokes) is an investor, Forex trader, trading coach, and host ofhttps://tieronetrading.com/the-trading-coach-podcast/ ( The Trading Coach Podcast). Additionally, he is the co-founder ofhttps://tieronetrading.com/ ( Tier One Trading) which was featured in Forbes as one of the leading innovators in trading education. He's been an author/contributor to Entrepreneur and FX Trader Magazine and is also a Track & Field Coach at Millersville University. As a proud husband and father of two, his drive is purpose, providing value to the world, and leaving a legacy. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Looking to enhance your trading performance? Topstep’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coaching (https://info.topsteptrader.com/performance-coaching) Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw (https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really
Elections have the power to turn markets into chaos. Just look back at 2016 and Brexit to see the uncertainty and volatility. We can’t tell you who will win the 2020 election, but we can tell you how to plan your trades for the weeks leading up to November 3. This week on Limit Up! we’re hosting a panel discussion about the strategy of trading around election time. If you’re unsure how election modeling works or want to know what usually happens in the futures market around elections, tune in so you can craft your trading plan. (00:15) - Trading the election: Don't be a homer (01:08) - Lessons from 2016 volatility (06:34) - Mechanics of the 2020 election (08:19) - Understanding polling models (16:00) - The problem with election markets (22:06) - Figure out your trading plan (35:47) - Keeping it flat
https://www.linkedin.com/in/johnmdohertychicago/ (John Doherty) is a Chicago native and 15-year veteran of the trading industry. He spent his formative years on the floor of the Chicago Board of Trade before heading "upstairs" to tackle screen trading. John provides daily market commentary and trending news to the TopstepTrader blog and is a contributor to the Market Forecast morning broadcast. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Looking to enhance your trading performance? TopstepTrader’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coaching (https://info.topsteptrader.com/performance-coaching) Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw (https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
When you’re a trader, wins are fleeting, and hypervigilance is key to not losing money. This can create a high degree of stress and uncertainty. Adam Boostrom is a former trader turned author, investor, and startup founder. He sat down with Jack and Dan to discuss his life beyond the trading floor. These days, Adam is following the Warren Buffet approach and focusing his time and energy on the things he’s most interested in. Listen for our latest market reaction and a discussion on knowing when it’s time to take a break. https://www.amazon.com/Athenas-Choice-Adam-Boostrom/dp/1794205551/ (Athena's Choice) (01:48) - Market Reaction (05:10) - Interview with Adam Boostrom (06:27) - Life of the night guy (11:42) - Pushing what works (14:26) - Measuring risk (27:32) - The joy of storytelling (32:27) - https://www.amazon.com/Athenas-Choice-Adam-Boostrom/dp/1794205551/ (Athena's Choice) (35:06) - Reusable logistics (40:06) - After the prop firm (45:56) - The Warren Buffett approach
https://www.linkedin.com/in/adam-boostrom/ (Adam Boostrom )is a best-selling author and entrepreneur. He formerly attended the University of Chicago as a national merit scholar and currently attends the UC Berkeley Haas School of Business. Prior to the completion of his award-winning first novel, https://www.goodreads.com/book/show/44404178-athena-s-choice (Athena's Choice), he enjoyed a successful career in bond trading. Today, he most recently worked as the CFO for Dispatch Goods, an impact startup he founded along with fellow Berkeley students. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Looking to enhance your trading performance? Topstep’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coaching (https://info.topsteptrader.com/performance-coaching) Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw (https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in...
Interested in getting involved in structured note trading? Our guest this week on Limit Up! is Biju Kulathakal, founder of Halo Investing and a huge proponent of this type of trade. He offers up a convenient guide to structured note trading and how risk is assessed. Biju did not get into trading via the traditional route. After starting his career as an aerospace engineer, he found quantitative analysis and trading models similar to the problems he faced as an engineer. Listen to the episode for Biju’s story and his biggest advice for would-be traders: treat it like a job, not a hobby. (01:24) - Market Reaction (07:28) - Interview with Biju Kulathakal (08:51) - Aerospace engineering (12:27) - Quantitative analysis (15:00) - Making models (18:12) - Structured notes (23:35) - Risk assessment (27:10) - Direct-to-retail (29:57) - Driving forces in 2020 (35:19) - Take it seriously
https://www.linkedin.com/in/biju-kulathakal-b5b80b1/ (Biju Kulathakal) is the Co-founder and CEO of Halo Investing where he leads the organizational strategy and team. He was one of the early co-founders of Redbox. In addition, he was a founder and the past Chairman and CEO of Trading Block Holdings, an online brokerage firm specializing in option traders. Biju received a BS in Aerospace Engineering from Illinois Institute of Technology. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Looking to enhance your trading performance? TopstepTrader’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coaching (https://info.topsteptrader.com/performance-coaching) Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw (https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
When it comes to trading, Gary Morrow, investment advisor and President of Yosemite Asset Management, considers himself a bull. He was around for the 1987 crash and currently counsels investors both in his private practice and on his popular blog, This Week on Wall Street. His advice for nervous traders: embrace the decline. Gary joined Jack and Dan for a discussion on his life as a trader and his biggest tips for new investors. He encourages traders to grow their confidence and systems, so they don’t succumb to panic selling. For Gary, trading is akin to climbing Yosemite: focus and precision are key. Tune in for Gary’s tips and our weekly market reaction. (01:23) - Market Reaction (06:54) - Interview with Gary Morrow (08:55) - Getting involved with trading (12:20) - Transitioning off the floor (17:15) - Creating Yosemite Asset Management (20:15) - Writing on https://www.thestreet.com/ (TheStreet) (21:58) - http://thisweekonwallstreet.com/ (This Week On Wall Street) (27:23) - Embrace the decline (30:16) - Time-tested indicators (32:56) - Invest in the best, forget the rest (35:25) - Getting your feet wet (37:22) - Managing risk
https://www.linkedin.com/in/gary-morrow-0b9a071a/ (Gary Morrow) is an investment advisor and president of Yosemite Asset Management. He spent 12 years on the floor of the Chicago Mercantile Exchange trading foreign currency and interest rate futures. He has a popular blog called,http://thisweekonwallstreet.com/ ( This Week on Wall Street). Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Looking to enhance your trading performance? TopstepTrader’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coaching (https://info.topsteptrader.com/performance-coaching) Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw (https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps...
This week on Limit Up! we’re welcoming back to the podcast Bob Greifeld, the former CEO of Nasdaq and current Chairman of Virtu Financial. Over the past 20 years, Bob has witnessed a tremendous shift in the trading industry. He joins us today to talk about how things have changed and what he sees ahead for retail trading. Bob touched on issues of technology, speed, and the importance of data and gave an overview of how his new company Virtu Financial works. As always, stay tuned for our market reactions. (02:04) - Interview with Bob Greifeld (06:25) - Getting listed on Nasdaq (07:05) - Share of mind (09:14) - Virtu Financial (11:32) - The future of market making (17:49) - Adaptability is key (20:09) - Structural change (24:48) - In-studio commentary at CNBC (27:48) - https://www.amazon.com/Market-Mover-Lessons-Decade-Change/dp/1538745135 (Market Mover) (28:45) - Living in the era of MMT (33:12) - https://usatffoundation.org/ (USA Track & Field Foundation)
Robert (Bob) Greifeld, is currently Chairman of Virtu Financial, a leading financial technology and trading firm, Managing Partner and Co-Founder at Cornerstone Investment Capital, a financial technology investment firm, and a Board Member at Capital Rock and Financeware. He previously served as Chairman of the Board of Directors of The Nasdaq Stock Market LLC (“Nasdaq”) until May 10, 2017 and as Chief Executive Officer of Nasdaq from 2003 to 2016. During his tenure, Mr. Greifeld quadrupled revenue and increased market value over 20 times. As a FinTech entrepreneur, Bob built Brass into the industry’s leading equity trading platform and sold the company ASC to SunGard Data Systems in 1999. He is Founder and Chairman of the USA Track & Field Foundation, which supports emerging athletes and inner-city youth athletics. Mr. Greifeld is a member of the NYU Stern Board of Overseers and a CNBC Contributor. Mr. Greifeld holds a Masters in Business from New York University, Stern School of Business, and a B.A. in English from Iona College. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Looking to enhance your trading performance? TopstepTrader’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coaching (https://info.topsteptrader.com/performance-coaching) Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw (https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw) If you'd like to receive new...
Gary Antonacci wrote the award-winning book, Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk. He’s back for his second time on the Limit Up! Podcast to give us an overview of his theory of dual momentum. He shared how this theory takes into account 200 years of market trend information and explains how this system can make you more adaptable to the changing whims of the market. Listen to learn how a monthly analysis of trends can make you a more competitive trader. (02:08) - Market reaction (05:40) - Interview with Gary Antonacci (11:00) - Technological edge (14:54) - https://www.amazon.com/Dual-Momentum-Investing-Innovative-Strategy/dp/0071849440 (Dual Momentum Investing) (20:53) - Consistent proprietary models (24:28) - Academic research (26:25) - Adaptation and diversification (30:19) - The trend is your friend (33:20) - Following the rules (36:30) - Sports models
https://www.linkedin.com/in/garyantonacci/ (Gary Antonacci) introduced the investment world to dual momentum which combines relative strength price momentum with trend following absolute momentum. He is recognized as a foremost authority on the practical applications of momentum investing and is author of the award-winning book, Dual Momentum Investing: An Innovative Approach for Higher Returns with Lower Risk. In 2012 Gary was first place winner of the prestigious Wagner Awards for Advances in Active Investment Management given annually by the National Association of Active Investment Managers (NAAIM). He received his MBA degree from the Harvard Business School. His website is http://optimalmomentum.com (http://optimalmomentum.com) Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Looking to enhance your trading performance? TopstepTrader’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coaching (https://info.topsteptrader.com/performance-coaching) Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw (https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpw) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If...
If you’ve only been trading S&P futures, you’re missing out on the flexibility and diversity of commodities trading. David Klusendorf is the Chief Investment Officer at Typhon Capital Management and joined Jack and Dan to give an overview on how you can benefit from a CTA. David is a trading veteran and was around for the 1987 crash. He discusses what happened that day and the differences he sees between then and our current market volatility. He also shares current trends as well as the most important question to ask yourself when trading: do I have an edge? (02:48) - Interview with David Klusendorf (08:24) - https://en.wikipedia.org/wiki/MF_Global (MF Global) (11:09) - Starting your own place (15:43) - Typhon Capital Management (16:56) - The CTA advantage (20:41) - Risk management in 2020 (28:40) - https://www.imdb.com/title/tt1326220/ (Floored) (31:57) - Dominating trends (37:33) - Making trading a profession
https://www.linkedin.com/in/davidklusendorf/ (David Klusendorf) is the Chief Investment Officer and a principal of http://www.typhoncap.com (Typhon Capital Management), a tactical trading firm. He is responsible for the firm’s trading and risk. Mr. Klusendorf is a financial industry veteran having been a member of the CME, CBOT, and CBOE. He has run his own trading group for 22 years and has served on numerous CME committees. Mr. Klusendorf holds a B.A. and M.B.A. from Loyola University Chicago. He also holds a series 3 and 30. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Learn about becoming a Funded Futures Trader at Topstep here: http://www.topsteptrader.com/ (www.topsteptrader.com/) Join our Facebook group to connect with other traders: http://www.facebook.com/groups/TopstepTraderCommunity (www.facebook.com/groups/TopstepTraderCommunity) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Jane Gallina was laid off when she was pregnant with her first child. Instead of letting the layoff get her down, she immersed herself in day trading and was able to create a career for herself on her terms. Now Jane runs the popular day trading site, See Jane Trade. She stopped by the Limit Up! Podcast to talk about what she’s learned from bouncing around careers, how to break up with a bad trade, and how to balance the demands of trading with the demands of motherhood. (02:59) – Interview with Jane Gallina (04:08) – Returning to the trading world (10:00) – Learning the process (12:41) – https://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Lefevre/dp/168422294X/ (Reminiscences of a Stock Operator) (13:45) – https://www.amazon.com/Pit-Bull-Lessons-Streets-Champion/dp/0887309569/ (Pit Bull) (14:47) – Evolving as a trader (23:00) – Motherhood and trading (25:47) – Getting used to live money (29:03) – https://seejanetrade.com/ (See Jane Trade)
https://www.linkedin.com/in/jane-gallina (Jane Gallina), aka "Airplane Jane," started her career in February 2015 and has taken the day trading community by storm. As a loving wife and mother of two, Jane was seeking control of her financial future while remaining present for her young daughters. As a day trader, Jane has been able to accomplish that dream; quickly becoming one of the most successful female day traders under mentor Timothy Sykes. Through herhttps://seejanetrade.com/ ( blog),https://www.youtube.com/channel/UCyQ5ChHN1JK784JGJbtQrSA ( YouTube videos), and seminars Jane hopes to inspire and empower more individuals to break out of their comfort zone and try day trading. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Learn about becoming a Funded Futures Trader at Topstep here: https://gate.sc/?url=https%3A%2F%2Fwww.topsteptrader.com%2F&token=b95c06-1-1596662244250 (www.topsteptrader.com/) Join our Facebook group to connect with other traders: https://gate.sc/?url=https%3A%2F%2Fwww.facebook.com%2Fgroups%2FTopstepTraderCommunity&token=7edb8e-1-1596662244250 (www.facebook.com/groups/TopstepTraderCommunity) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Macro-managers look to the big picture when it comes to making trades. While it’s necessary to look at the long game, if you only focus on the macro, you’re missing out on what’s happening in the short term. Our guest this week on Limit Up! is Samantha LaDuc, a Macro-to-Micro Analyst who shares how to keep your eyes on both to make the best trades. Samantha shared how she got into trading and offers advice for new traders cutting their teeth in our current volatile market. She also discussed her mantra: There’s no meritocracy in finance without the voice of women. Listen for a discussion on why welcoming more women into trading benefits everyone. (02:55) - Market reaction (08:09) - Interview with Samantha LaDuc(08:53) - Personal volatility (12:54) - Evolving after early success (17:51) - Startinghttps://laductrading.com/ ( LaDuc Trading) (24:16) - Macro-to-Micro analysis (30:26) - Cross-asset correlations and divergences (32:55) - Fishing metaphors (34:21) - Women in finance & trading
Samantha LaDuc is the Founder ofhttps://laductrading.com/ ( LaDucTrading.com) and the CIO at LaDuc Capital LLC. As a Macro-to-Micro analyst and professional options trader, Samantha leverages her insights on volatility and money rotation to make her historic market-timing calls. With a backdrop of Macro, Intermarket, Quant, Fundamental, Sentiment and Technical Analysis, she provides risk-defined option trades for clients. Her focus is dedicated to identifying reversal and continuation patterns across global equities, currencies, commodities, and interest rates. Retail and Institutional (RIA/HF/PM) clients gain access to her unique perspective and unparalleled transparency. Tactical trades for stocks, options and futures that cover multiple time-frames are deployed directly from her Brokerage-Triggered Trade Alerts with live commentary provided from her Live Trading Room and in-depth analysis delivered in her prescient research. Make sure to follow Samantha on Twitter: More Macro: https://twitter.com/SamanthaLaDuc?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor (@SamanthaLaDuc) More Micro: https://twitter.com/LaDucTrading (@LaDucTrading). Not a member? Start with https://laductrading.com/sign-up/ (FreeBait!) Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. Learn about becoming a Funded Futures Trader at Topstep here: https://www.topsteptrader.com/ (https://www.topsteptrader.com/) Join our Facebook group to connect with other traders: https://www.facebook.com/groups/TopstepTraderCommunity (https://www.facebook.com/groups/TopstepTraderCommunity) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google...
To be a successful trader, you don’t need to make 30 trades a day and drive a Lamborghini (although that’s always the dream). Sometimes the most effective strategy, especially right now with all the market volatility, is to get back to the trading basics. This week on Limit Up!, The Trader Chick, Marina Villatoro, joins us to talk about simplifying your trading process. Marina has a fascinating life story; she was born in the USSR, moved to America, began traveling the world and ended up married in Guatemala. Her trading story didn’t begin until she decided to switch career paths for her 40th birthday. Now she is a successful trading instructor and coach through her website, The Trader Chick. Listen in for Marina’s story and get her tips on getting back to the basics of trading. (01:49) - Market reaction (06:40) - Interview with Marina Villatoro (06:54) - Aerobics, travel, and trading (16:04) - Speaking the language of the market (20:48) - Trigger happiness (24:09) - How https://thetraderchick.com/ (The Trader Chick) evolved (27:48) - Back to the basics (31:36) - Moving average strategies (35:27) - Sustaining the lifestyle (38:09) - Financial instruments (41:21) - Competitive rock climbing
Marina Villatoro, ‘https://thetraderchick.com/ (The Trader Chick),’ is an international speaker on stages such as the MoneyShow, NinjaTrader and TradersExpo, plus a mentor and teacher to over 700 students, she has been trading and teaching the financial markets for years. Marina started her trading journey on her 40th birthday, when she jumped in with both feet and started trading ES minis (Futures Market) and hasn’t looked back. The journey wasn’t easy and after losing her entire account in a matter of minutes, she had a massive breakthrough. The entire industry was teaching the Day Trading process to be way too complex. She realized that no one was teaching the most important part of trading - https://thetraderchick.com/simplifying-day-trading-cheat-sheet/ (the basics), reading and understanding the market language. It speaks to us loud and clear, and being able to truly understand it will take your trading to whole new levels. Today, she stands out in her industry amongst the gurus as one who embraces the spirituality of Day Trading and works hard to help others start transforming their lives one trade at a time. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider...
Troy Prince grew up in the Bronx, one of the most impoverished zip codes in America even though it was just 11 miles from the New York Stock Exchange. Thanks to an early interest in trading piqued by a social studies class, he knew from age 17 that he would be a trader. This took him on a journey around the globe trading at international firms from Spain to Japan and Vietnam. These days, Troy is trying to use his social capital to get more diverse traders on the floor with his programs Wall Street Direct and Diverse Trader Training. Troy is one of the most interesting and passionate guests we’ve ever had on Limit Up! so don’t miss this episode! [00:47] - This week: Troy Prince [01:20] - Market reaction [05:07] - Interview with Troy Prince [05:50] - How Troy got into finance and trading [06:57] - https://www.amazon.com/Market-Wizards-Updated-Interviews-Traders/dp/1118273052/ (Market Wizards) [10:15] - Risk vs. reward [13:53] - Tokyo culture shock [19:56] - The prop life [24:27] - Launching Wall Street Bound [27:44] - Making connections [32:22] - Behavioral traits [38:36] - Sparking interest in financial services
https://www.linkedin.com/in/troyaprincecaia/ (Troy Prince) is a Wall Street veteran with more than 20 years’ experience and extensive buy and sell side trading experience at premier U.S and International firms. He also has spent five years as an angel investor in Vietnam. Noting the persistent lack of diversity in the front offices of Wall Street and the abundance of hungry and available urban talent, he has had the idea forhttps://wallstreetbound.org/ ( Wall Street Bound) for more than 15 years. Troy has spent significant time abroad having lived and worked in five countries, speaks four languages and brings the full breadth of his experience home with him in his mission to connect typically overlooked urban talent with the capital markets and access to capital. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Elon Musk, like Steve Jobs before him, is a brilliant marketer. In a sense, when you invest in Tesla, you’re really investing in Elon Musk. This week, Jack and Dan are taking some time to break down why Tesla stock is so volatile and offer advice for those looking to trade in the company. They round things out with a discussion on summer trades. Every summer has a different flow from the other seasons, but with a pandemic, things are going to look even weirder than usual. Jack and Dan share how they’re trading this summer and offer tips, strategies, and timing. [00:15] - This week: Jack & Dan [01:29] - What makes Tesla unique [10:42] - Visionaries of marketing [17:27] - Summer trades [22:11] - Time frames for ES futures [32:01] - Trading as a living
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Social media has taken over the globe, it was only a matter of time before it hit the world of trading. Matt Miller began trading penny stocks as a teen. From there, he learned more about trading from YouTube videos and TopstepTrader. These days, Matt is taking things a step further and http://youtube.com/tradesbymatt (live streaming) his own trades. Matt joined Jack and Dan to talk about the discipline it takes to trade live as well as the qualities to hone for greater trading longevity. Listen to learn more about how social media is changing the trading game. [01:31] - This week: Matt Miller [03:14] - Interview with Matt Miller [03:51] - How Matt got into trading futures [08:54] - Live streaming trades [15:06] - Delta trading [23:31] - https://www.youtube.com/watch?v=h8oLV6W2pNk&list=PLzOlHmwTCjUf-nAjtKRgcVck0xynWhpwn (Turning Beginners Into Experts) [30:48] - Preserving capital [33:18] - Daily perspective [37:46] - Jack's conspiracy dungeon
https://www.tradesbymatt.com/ (Matt Miller) is a streamer and trader focusing on NQ and ES futures. He hosts a free public group chat as well as a free educational and entertainment YouTube channel, https://www.youtube.com/tradesbymatt (Trades by Matt), for all things futures trading. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
In the US, we do a horrible job of training young people for financial success, let alone how the stock market works. Our guest today, Casey Stubbs, is on a mission to educate the masses on how the market works and how to make the best trades. Casey joined Jack and Dan to share his morning routines as well as his daily processes to ensure success. He also shares his thoughts on what’s happening with the Robinhood app and how he is teaching his 20-year-old daughter to be a strong trader as a skill for life. Listen for Casey’s tips and check out hishttps://tradingstrategyguides.com/podcast/ ( podcast) andhttps://financeandmarkets.com/ ( newsletter). [00:44] - This week: Casey Stubbs [02:35] - Interview with Casey Stubbs [03:47] - How Casey got interested in markets [07:20] - Preferred assets & strategies [09:14] - New traders gaining access [14:06] - Founding Trading Strategy Guides [18:44] - Models and process [25:49] - Student interaction [29:27] - The comfort of structured goals [32:57] - Military discipline [40:07] - The TopStep International Classic
https://twitter.com/caseystubbs (Casey Stubbs) is the founder ofhttps://tradingstrategyguides.com/podcast/ ( Trading Strategy Guides) along with several other trading related businesses. You can find out more about Casey and his trading book – Ultimate Harmonic Patterns on hishttps://caseystubbs.com/ ( website). He has been a business owner and trader for more than 25 years. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Exchange Traded Funds, or ETFs, sound intimidating, but are just another tool to add to your trading portfolio. These funds trade pretty much the same as a stock but are comprised of many different companies as opposed to just one. William Rhind is the man who pioneered this form of trade and is hitting great success with his company GraniteShares. William talked to Jack and Dan about the basics of this form of trading. He discussed how much capital is needed, how the funds work, and even shared a bit about the mysterious vault at the GLD. Listen to learn this new trading avenue. [02:07] - This week: William Rhind [03:29] - Market reaction [04:54] - Interview with William Rhind [05:10] - How William came to be the founder and CEO of GraniteShares [08:26] - Understanding exchange-traded funds [11:04] - The SPDR Gold Trust vault [13:11] - Starting an ETF [14:39] - Rebalancing technicalities [16:09] - Trading vehicles and long-term investments [17:44] - The volume spectrum [18:59] - Minimum barrier to entry [21:06] - Constant leverage [25:58] - When crude goes negative [28:39] - Identifying losers for XOUT [31:46] - Technological disruption [35:39] - Research and marketing
https://www.linkedin.com/in/william-rhind-5434367/ (William Rhind) is the founder ofhttps://www.graniteshares.com/ ( GraniteShares), an independent exchange-traded fund built for investors seeking simple, cost-effective access to differentiated investments. GraniteShares is backed by leading fintech VCs such as Bain Capital Ventures and Clocktower Technologies. Rhind has built and managed businesses in the ETF market for nearly his entire career, and previously was CEO of World Gold Trust Services which is the largest commodity fund in the world. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
This week, John Doherty of TopstepTrader is joining us on the Limit Up! Podcast for a panel discussion. John recently wrote an article for the Topstep blog called, “https://blog.topsteptrader.com/basics-of-support-resistance (The Basics of Support and Resistance).” For today’s discussion, we’re diving into these two terms and both John and Dan walk us through how support and resistance affected recent trades. Next, we’ll take a look at the current state of the market and make some forecasts on the month ahead. Listen in and check out John’s article for more. [00:30] - This week: John Doherty [03:02] - Onboarding funded traders [04:18] - Market reaction [06:13] - Interview with John Doherty [06:13] - John's trading background [08:03] - Identifying support & resistance levels [17:00] - Point of control [20:32] - Determining if a level is support or resistance [25:30] - Looking at the months ahead [38:30] - Fed predictions
https://www.linkedin.com/in/johnmdohertychicago/ (John Doherty) is a Chicago native and 15-year veteran of the trading industry. He spent his formative years on the floor of the Chicago Board of Trade before heading "upstairs" to tackle screen trading. John provides daily market commentary and trending news to the TopstepTrader blog and is a contributor to the Market Forecast morning broadcast. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
We’ve been saying this for months now, but people are feeling a lot of uncertainty with the current market and don’t even know where to begin. This week on Limit Up! Jack and Dan brought in psychologist Dr. Andrew Menaker to offer advice on dealing with this turbulence from a mental standpoint. Dr. Menaker discussed what the difference is between feelings and emotions – words we use interchangeably but mean different things. He has some great tips for day traders interested in micro-contracts and also talked about what he calls your “inner market.” Listen to get in touch with your inner market. [02:42] - This week: Dr. Andrew Menaker [04:34] - Interview with Dr. Andrew Menaker [07:38] - Institutional bank trader vs. retail client [10:28] - Market psychology [13:48] - Overcoming emotional biases [17:26] - Trading Holy Grails [18:51] - Micro contracts [25:09] - The difference between emotions and feelings [29:58] - The inner market
A licensed clinical psychologist with a PhD and extensive experience in performance enhancement techniques, https://www.andrewmenaker.com/ (Dr. Andrew Menaker) has been a high performance coach for traders, portfolio managers and executives at banks, hedge funds and proprietary trading firms since 1995. His clients are among the top professional traders in the world. https://www.linkedin.com/in/andrew-menaker-phd-b2870323/ (Andrew)’s approach effectively translates recent neuroscience research into actionable steps that improve performance. He uses a variety of methods to change one’s response to risk and opportunity, using emotion as a source of information and understanding unconscious motivations. He addresses the mind-body connection, so may include biofeedback, as well as assisting clients in creative and intuitive development. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Since its heyday in the 80s, retail trading hasn’t been hugely popular. But now, especially in the last two months of market fluctuations, retail trading seems to be entering a new golden age. It wasn’t even the pandemic that got this ball rolling, Younger generations have been dipping their toes in the industry ever since the boom of crypto. This week on Limit Up! we’re joined by TopstepTrader’s very own founder and Chief Visionary Officer Michael Patak. Michael chatted with Jack and Dan about why retail trades are suddenly so lucrative as well as some strategies he employs to trade successfully. Stay tuned for reflections on the market and a discussion on what’s going on with Boeing and Hertz. [00:40] - This week: Michael Patak [01:33] - Market Reaction [04:43] - Interview with Michael Patak [04:43] - Crypto renaissance [07:49] - Retail wash-out [11:21] - Pros and cons of asset classes for retail traders [27:08] - Let the trade play out [29:50] - Getting into a more sophisticated class or product [32:50] - Order flow and range [36:16] - Level acceptance [41:03] - The other side of the trade [43:35] - Baptism by fire
https://www.linkedin.com/in/michaelpatak/ (Michael Patak) is the Founder and Chief Vision Officer of TopstepTrader and the Co-Founder of mobile trading platform BLUECHXP. Prior to founding TopstepTrader, Michael was a trader for several years. In 2015 he was a semi-finalist and in 2016 a finalist for the Ernst & Young Entrepreneur of the Year Award. In 2017, Inc. Magazine ranked TopstepTrader No. 1,261 on its 36th annual Inc. 5000. You can find Michael on his own https://www.instagram.com/nebraska_mp/ (Instagram) and he makes frequent appearances on the TopstepTrader https://www.instagram.com/topsteptrader/ (Instagram) account. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify), or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Everything in the trading industry is moving at warp speed right now with more uncertainty than we’ve seen since 1987. With emotions running high, this is a breeding ground for human error. The big firms all have software development teams that help automate parts of the trading process to make life easier for their traders. But what about the little guys, the retail traders who can’t necessarily afford the splashy tools? Enter into the picture, SharkIndicators, a software development company dedicated to creating software tools for retail traders. Jeremy Tang and Zac White co-founded SharkIndicators and are our guests on this week’s episode of Limit Up! They explain how mistakes they made as traders informed the development of their software products Blackbird and Bloodhound, which allow retail traders a choose-your-own-adventure approach to how much automation they want to use in their trades. Listen in to learn what goes into the trading software development process. [02:07] - This week: Jeremy Tang and Zac White [03:15] - Market Reaction [11:51] - Interview with Jeremy Tang and Zac White [12:53] - How things got started with BloodHound [18:35] - Born out of frustration [21:54] - The importance of keeping up [23:59] - Real-time adjustments [28:21] - https://www.sharkindicators.com/documentation/workshops/ (SharkIndicators Training Workshops) [34:57] - Man vs. Computer [40:32] - Confidence-building tools [43:30] - Quantum computing [47:17] - Human discretion [55:32] - https://www.facebook.com/joshpowellfoundation/ (The Josh Powell Foundation)
https://www.linkedin.com/in/jeremytangcalgary (Jeremy Tang) is the founder of https://www.sharkindicators.com/ (SharkIndicators) and Chief Architect of BloodHound and BlackBird; revolutionary trading software that allows traders to model their trade management rules and systems without coding, providing complete control and clear precise signals. With over 20 years of combined software development and trading experience, Jeremy is a rare breed. Jeremy’s company, SharkIndicators, is the result of his expertise, passion and devotion to the betterment of retail traders. His primary mission is to arm retail traders with the same power and technology once only privy to that of deep pocketed hedge funds. Zac White is a co-founder and Product Specialist with SharkIndicators. He brings nearly 20 years of trading experience and a wide technical background consisting of civil engineering, software programming, and IT logistics to the table. Zac has assisted countless traders to model their trading systems, allowing them to backtest and auto-trade their systems. Zac runs the weekly training workshops for BloodHound and BlackBird, helping traders get the most out of these powerful tools. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new...
After two months of huge declines, the market has seen some slight rallies in the last few weeks. Not enough that we would say we’re out of the woods, but enough to offer some hope for freaked out traders everywhere. On this week’s episode of Limit Up! Jack and Dan spoke to Kirk du Plessis of Option Alpha to find out how it’s going for options trading. Kirk has noticed that the current volatility is attracting passive investors lured in by the bullish trap. But it’s important to remember that no one, not even Warren Buffet, is immune to big losses. He shares his tips for making trades while staying protected during a prolonged period of uncertainty. [00:53] - This week: Kirk Du Plessis [01:21] - Market Reaction [10:15] - Interview with Kirk Du Plessis [11:44] - How Kirk got into finance [14:49] - Directional bias [16:30] - Delta neutral [20:22] - Volatility expectations [24:23] - What backtesting is meant to be [27:56] - Option Alpha [32:56] - CQG [36:14] - Uptick in retail option trading [37:17] - Determining risk [48:14] - Election night [51:32] - The new normal
https://www.linkedin.com/in/kirkduplessis/ (Kirk du Plessis) is the founder ofhttps://optionalpha.com/ ( Option Alpha), an online education and coaching platform for investors interested in learning more about the financial markets and derivative options. Option Alpha provides focused training covering options strategies, risk management, trading psychology, option pricing and portfolio allocation. Check out Option Alpha’s resources. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
With 30 million and counting on unemployment thanks to our friend COVID-19, now more than ever it’s imperative to have a recession-proof skill. Just ask our guest today Anka Metcalf. Anka is a day trade veteran who also coaches and provides education at her website Trade Out Loud. Today she’s talking to Jack and Dan about what it’s like trading on the futures market. Anka discusses how she has honed her trading strategy over the years (strategies aren’t static, they evolve) and makes a case for patience when it comes to futures. Listen in for her tips and this week’s Market Reactions. [02:43] - This week: Anka Metcalf [03:36] - Market reaction [08:00] - https://www.youtube.com/channel/UCTDYMpdFhZU6Ivf3F2AEVUQ (Visit Topstep on YouTube) [08:38] - Interview with Anka Metcalf [10:16] - Trade all day [12:44] - Trading the doldrums [14:33] - Asymmetric targets [17:41] - Equity indices futures [21:55] - Are earnings already factored in? [26:48] - The quest for leverage [33:34] - Coaching and mentorship [41:24] - The formula for recession
https://www.linkedin.com/in/tradeoutloud/ (Anka Metcalf) has been active in the day trading and investing arena as an independent professional trader since 2003. Prior to becoming an independent professional trader, she had worked in investment banking for 10+ years. She trades equities and futures. Over the years she has designed and created a unique and highly successful, simple and easy tohttps://www.tradeoutloud.com/futures ( follow trading system) based on price support and resistance levels, coordinated with trigger times, chart synchronicity, and a proprietary set of rules that enable her and her traders to be very selective, patient and find high odds trades with ease and laser sharp precision. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
A few years ago, Sean Kozak, President of NeuroStreet Trading Academy, spoke with a friend leading a neuroscience lab. The lab was developing a program to give the Manchester United soccer team a cognitive advantage on the field. Sean wondered, why don’t we have this for traders? Today, Sean’s company provides trading software and education with a neuroscience twist. Through daily cognitive exercises, traders strengthen their brains to help them make better trades. Sean dropped by Limit Up! to discuss how managing emotions, positive affirmations, and pattern recognition can help traders level up their game. Tune in to find out how cognitive neuroscience can help you be a better trader. [00:50] - This week: Sean Kozak [02:15] - Market Reaction [10:24] - Interview with Sean Kozak [12:08] - How Sean got started with trading [15:31] - Adapting to risk management [22:37] - Incorporating neuroscience into trading performance [32:57] - Transitioning from simulation to real money [38:48] - Developing strategies with edge [46:06] - Learning the temperment of a market [49:06] - NeuroStreet VIP Black Belt Program
Sean Kozak, President of https://nstradingacademy.com/ (NeuroStreet Trading Academy), is a global assets trader specializing in technical strategies for day and swing trading. His passion for trading influenced him to develop comprehensive software products and training programs designed to teach others. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify), or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
No one ever thought it was possible for oil to go negative…but here we are. This week we’re talking about the craziness of what’s happening to oil before moving to an interview with https://wingtrades.com/team (Aaron Gose) of Wingtrades. Aaron has a really interesting background. He was in the Navy and he studied engineering. He’s a perfect example of how traders can come from any background – finance and economics aren’t the only options. Aaron, Jack, and Dan discuss how quarantine has affected trading and the importance of thinking macro, but trading micro. [00:15] - This week: Aaron Gose [00:29] - https://www.youtube.com/watch?v=FN3AvnUm7PE (Market Reaction) [10:35] - Interview with Aaron Gose [12:17] - How Aaron got started with trading [19:23] - Seeing the big picture with the eye of an engineer [22:39] - Navy discipline [27:58] - Adjusting to isolation [31:17] - Founding https://wingtrades.com/#!map (WingTrades) [36:30] - See profit, take profit [42:36] - Ignoring the news [45:33] - Truck full of precious metals [47:35] - Best safe haven
https://www.linkedin.com/in/aarongose/ (Aaron Gose) is Co-Founder and COO at https://wingtrades.com/ (Wingtrades.com). He has 7+ years of experience trading futures, options, physical commodities, and cryptocurrency. Aaron helps the Wingtrades community develop options and crypto trading strategies as well as much of the behind the scenes work to ensure that everything is running smoothly for staff and members alike. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Every trader’s story is unique. Not every trader comes up the traditional route through banks or other firms. One such person is Jerremy Newsome of https://www.reallifetrading.com/intermediate-trading-course (Real Life Trading). Jerremy has one of the best trading origin stories we’ve ever heard. He dropped in to Limit Up! today to share how the movie Forrest Gump changed his life and chatted about the strategies he’s using to trade during these times of uncertainty. Jerremy is the definition of a hustler and his story will inspire all the self-taught traders out there. Listen in as Jerremy talks about the movies that have made a huge impact on his trading career, why he thinks 1987 is about to play out all over again, and how working from home will shift our mindsets on work-life balance for the better. This one’s not to be missed! [00:15] - This week: Jerremy Newsome [02:13] - Market Reaction [07:03] - Interview with Jerremy Newsome [08:51] - Balancing the trading lifestyle [12:08] - Huge structural moves [14:32] - Risk management adjustments [22:02] - Trading lessons from the movies [30:15] - Understanding options [35:49] - Focus on the process [40:04] - The Dunning-Kruger effect [43:13] - Multiple mentors
Over the last 6 years, Jerremy Newsome has built a reputation as one of the foremost pioneers in ‘fiscal therapy.’ His vigor and drive for helping communities, families, and individuals grow their financial literacy is second to none. Jerremy was able to create and launch a company calledhttps://www.reallifetrading.com/intermediate-trading-course ( Real Life Trading) back in November 2014. This starting point has allowed him to assist and enrich tens of thousands of lives while also growing the company organically to a seven-figure business. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
A big issue for many traders right now is deciding whether to cash in on the opportunity inherent in the current market, or to be more conservative and sit this one out. If you’ve been wondering about the psychology of trading and how that plays into current decision making, Rich Friesen of Mind Muscles for Traders is here with a host of techniques to help you keep your head on straight. Rich shared with us why it’s imperative to drop down to your core strengths and retrain your brain to encourage good habits. There’s a lot in this episode that is applicable to your personal life as well as your trading life so be sure to take some notes! [00:15] - This week: Richard Friesen [03:55] - Market Reaction [06:22] - Interview with Richard Friesen [07:14] - Rapid changes and shifts [15:20] - Creating new habits [19:22] - Mental games [24:55] - Market mood [31:02] - Experimenting in the new paradigm [36:19] - The Golden Keys [42:06] - Creating vision [47:13] - Comfort in the struggle
https://mindmusclesfortraders.com/ (Rich Friesen) works with financial professionals, independent traders, business leaders and entrepreneurs who want to expand their mental game to make more consistent profits. With in depth experience as a broker, floor trader, financial software developer and entrepreneur, he brings concrete real world experience to his clients. Rich founded Trade Management LLC, one of the most consistently profitable options and equity trading firms on the floor of the PSE. He created a way to visualize option values that enabled his floor traders to instantly execute trading opportunities. Rich holds a B.A. in Philosophy, a Masters Degree in Clinical Psychology and is a graduate of the Gestalt Institute in San Francisco along with Master’s certification in Neuro Linguistic Programming (NLP). His background in psychology has been instrumental in his development of his Mind Muscles™ training programs that supports the financial and business community. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
“When we get into these very emotion-driven markets like this. You have to buy the rumor, sell the news.” – Tim Racette Even when markets aren’t on a roller coaster ride, it’s good practice to rely on diversified tools as opposed to changing your strategy to fit market whims. Tim Racette, a trader with Eminimind, does both swing trading and day trading. This approach has allowed him to ride the waves while still making a profit. Tim joined Jack and Dan for a discussion on the benefits of swing trading, why it’s crucial to keep a positive mindset, and why trading is a long game…not a get rich quick scheme. Listen to insights on different ways to manage the current volatility. [00:15] - This week: Tim Racette [01:38] - Market reaction [07:54] - Interview with Tim Racette [08:26] - How Tim started EminiMind [09:51] - Ignore the floor [11:12] - Design studies [12:24] - Migrating between swing and day trading [19:51] - Emotion-driven markets [24:04] - Position size [25:55] - Make trading work with your lifestyle [29:55] - Reading order flow [32:06] - The distilled philosophy of EminiMind [38:17] - Pain is good [42:19] - Accepting risk [47:39] - What Tim loves most about trading [50:23] - https://www.youtube.com/channel/UCTDYMpdFhZU6Ivf3F2AEVUQ (Topstep Quarantine Diaries)
https://www.linkedin.com/in/timracette/ (Tim Racette) is a trader and the founder of https://eminimind.com/ (Eminimind.com). On Eminimind, Tim offers education and tips so that learners can become successful, full-time traders. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
The market is so volatile, we’ve run out of synonyms for volatile. But Peter Davies, CEO of Jigsaw Trading, reminds us that we’ve been here before. The market is cyclical and will rebound eventually. With things changing by the minute, it’s almost impossible to properly manage risk doing day trades. Instead, Peter encourages traders to think like investors and trade with the long game in mind. He explains a bit about his company, Jigsaw Trading, and how it can help traders learn the skills necessary to make it amidst instability. Peter also has some knowledge to drop on all the newbie traders out there: don’t try to make trading fit you. Tune in for more! [00:53] - This week: Peter Davies [03:54] - Market reaction [09:46] - Interview with Peter Davies [09:59] - How Peter got into the industry [16:16] - How Jigsaw Trading has adjusted over time [20:11] - Looking for certainty [26:32] - Calling the bottom [30:48] - Tools & education at Jigsaw Trading [39:51] - Ideal markets for every personality type [44:54] - Preserving capital [49:58] - Bringing back the market makers [56:11] - Don't make trading try to fit you [58:17] - https://www.youtube.com/channel/UCTDYMpdFhZU6Ivf3F2AEVUQ (Topstep Quarantine Diaries)
https://www.linkedin.com/in/jigsawtradingpeter (Peter Davies) is the founder and CEO of Jigsaw Trading. Jigsaw aims to educate new traders and make their order flow process seamless. Find out more:https://www.jigsawtrading.com/ ( https://www.jigsawtrading.com/) Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
If you’re an active trader, the last week has probably felt like years. With instability comes panic so we decided to talk to a veteran trader about how to stick with trading during a bear market. John Zumpano began his trading career in 1986…a year before the infamous 1987 stock market crash. John talks us through the differences between what we’re seeing now versus what happened in 1987 and 2008. He also talks about why the market is always worse right before it turns and shares a story of humility and hope for anyone that’s ever made a big mistake. If you’re worried right now, take John’s advice to heart: stay in the game. [00:16] - This week: John Zumpano [02:14] - Interview with John Zumpano [02:28] - What got John into the industry? [10:49] - The market is always worth trading [14:17] - Understanding your appetite for risk [17:56] - Improving execution time with hardware [22:48] - Transitioning to new technology [29:22] - Irrational moves [33:08] - Be confident in your levels [39:09] - Wild times [44:55] - Stay in the game
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Being a trader is akin to being an athlete. If you don’t have a performance mindset, you’ll never succeed in the rough and tumble world of trading. George Papazov is the founder and head trader at TRADEPRO Academy. George’s company is similar to TopstepTrader in that it’s community oriented and focused on education. Today on Limit Up! George discusses his roots growing up as an immigrant and how that affected his mindset. George also talks about ways you can increase your mental capital as well as the benefits of community-orientated trading. [00:16] - This week: George Papazov [03:39] - Visit TopStep on https://www.youtube.com/channel/UCTDYMpdFhZU6Ivf3F2AEVUQ (YouTube) [04:51] - Limit down [06:45] - Interview with George Papazov [07:55] - George's drive to educate and empower traders [15:41] - Blogging on the side [16:31] - The dangers of trading alone [19:27] - Trading psychology breakthrough [26:59] - Mental capital [32:05] - Recognizing emotional barriers [36:53] - Understanding feedback [40:09] - Fostering community at TRADEPRO Academy [52:02] - The lost user manual for the brain
https://www.linkedin.com/in/georgepapazov/ (George Papazov) is the founder and head trader at TRADEPRO Academy.https://tradeproacademy.com/ ( TRADEPRO) is focused on educating individuals to be profitable traders and offering community to learn and grow. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Whether you’re new to trading or a seasoned pro, the extreme volatility in the markets this week is a reminder of risk. That’s why we’re talking to TopstepTrader’s own, Eddie Horn. Eddie has been involved at Topstep as both a market broadcaster as well as a specialist and mindset coach for Topstep clients. He spends his days coaching traders of all skill levels and helps them navigate challenging market conditions. Today on Limit Up! Eddie, Jack, and Dan discuss market volatility and advice on when to keep going vs. when to get out. Tune in for practical advice regardless of your trading experience. https://www.linkedin.com/in/eddie-horn-92a70441/ (Eddie Horn) has been with TopstepTrader for almost a decade and, in that time, has been both a market broadcaster and a mindset coach. Eddie works with traders of all stripes to help them make the most of their trading experience at Topstep. Read Eddie’shttps://blog.topsteptrader.com/author/eddie-horn ( blog posts) to stay up to date. [01:38] - This week: Eddie Horn [02:55] - Interview with Eddie Horn [03:15] - Tumbling oil [04:44] - Providing tips, hints, & strategies at TopStep [06:11] - Dealing with FOMO [09:24] - Is actively trading an account right for me? [10:44] - What makes a crude man or woman? [16:19] - Finding what works as a beginner [18:15] - Simulated accounts versus live money [28:47] - Fun numbers about account size [34:42] - Advising experienced but struggling traders
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
As a trader, you need to be a bargain hunter. That’s according to today’s guest, Anne-Marie Baiynd. Anne-Marie is the president and CEO of https://thetradingbook.com (TheTradingBook.com) and author of The Trading Book: A Complete Solution to Mastering Technical Systems and Trading Psychology; so she knows a thing or two about what makes traders tick. In this episode of Limit Up! Anne-Marie will be walking Jack and Dan through how to train your mind to be a trader. The key ingredient is to master the management of risk. Jack and Dan are also excited to announce that Anne-Marie will be bringing her expertise to TopstepTrader. Anne-Marie will be using https://www.topsteptrader.com/learn-how/ (The Trading Combine®) for her own trades so all Topstep customers will be able to watch a master in action. [00:16] - This week: Anne-Marie Baiynd [00:41] - Market reaction [09:58] - Interview with Anne-Marie Baiynd [10:54] - The Trading Combine® collaboration [14:30] - Blowing out an account [21:13] - How Anne-Marie found the work love of her life [27:47] - Trained to trade [36:02] - Keeping it simple with triangular moving averages [41:18] - Bargain hunting [44:51] - Separate the process from the outcome [48:39] - Control your destiny
https://twitter.com/annemarietrades/ (Anne-Marie Baiynd) is the president and CEO of TheTradingBook.com. Her trading systems combine the proper use of support and resistance, momentum, and moving averages to create a simple, yet highly effective model, boasting greater than 70% accuracy with proper execution, even in volatile markets. She is also the author of The Trading Book, and its companion workbook, The Trading Book Workbook, an accomplished technical trader, trading coach, and group trainer for traders. Be sure to follow Anne-Marie https://twitter.com/annemarietrades/ (@AnneMarieTrades) and check out her trading action in Topstep’s https://www.topsteptrader.com/learn-how/ (Trading Combine®). Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
In ourhttps://blog.topsteptrader.com/limit-up-how-to-get-into-prop-trading-with-matt-murnighan ( last episode), TopstepTrader’s own, Matt Murnighan, discussed how he got started as a prop trader in the 2000s. This week, Matt is back to discuss what the daily grind of prop trading is really like. Matt, Jack, and Dan discuss the differences between trading for a firm versus as an individual, how trading and poker are similar, and how to know the right time to take a step back from trading. One of the key takeaways from this conversation is to remember that trading is ephemeral. The industry is volatile with explosive highs and stressful lows. But trading and markets will always be there, so if a break is needed, it’s possible to return later or carve out a whole new niche – just look at Jack and Dan. Stay tuned for this week’s MARKet Reaction. [01:04] - This week: Matt Murnighan [01:49] - https://www.youtube.com/channel/UCTDYMpdFhZU6Ivf3F2AEVUQ (Visit TopStep on YouTube) [04:34] - Interview with Matt Murnighan [06:02] - Professional poker and sports betting [08:50] - Python is king [11:16] - The cost of running a firm [16:12] - Mental risk barriers [20:05] - Moral hazard [22:26] - Proprietary strategies [26:26] - Calendar spreads [29:07] - Time to get out
Matt Murnighan is a web developer for TopstepTrader and an assistant teacher at Northwestern’s Coding Bootcamp. Matt spent the first eight years of his career as a trader of props and derivatives. Limit Up! is a podcast for traders of all levels brought to you by TopstepTrader. Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Trading today is a different beast than it was in the 80s and 90s. Whereas it used to be all about who you knew, today there are many points of entry to the industry. Today we’re talking to https://www.linkedin.com/in/matthew-murnighan/ (Matt Murnighan), a front-end developer for Topstep Trader. Matt cut his teeth trading props before moving on to software engineering and how he navigated a post-crash market is a lesson for all the newbie traders out there. Matt, Jack, and Dan swap stories on each of their different paths that led them to trading. Whether you went to business school, got a spot on the floor, or answered an ad on Craigslist, there are many routes to making trades. Check back next week for Part Two. [01:58] - This week: Interview with Matt Murnighan [04:05] - Footman [05:15] - Getting a job as a prop trader [06:54] - Entering the workforce after college [09:00] - Becoming interested in trading [11:43] - The interview process [16:04] - Pay structure [18:27] - Night guys and clerks [21:48] - Crush options [26:37] - Managing a busted options book [31:22] - Correlation trading [33:49] - The MF Global buzzsaw [36:22] - Starting a firm [37:53] - Weaving timelines
Matt Murnighan is a web developer for Topstep Trader and an assistant teacher at Northwestern’s Coding Bootcamp. Matt spent the first eight years of his career as a trader of props and derivatives. Limit Up! is a podcast for traders of all levels brought to you by Topstep Trader. Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Limit Up! has got a new look. In our survey last year, the overwhelming consensus was that listeners were interested in more trader education. That’s why this week Jack and Dan are talking to trading legend, Dan Hodgman Sr. Dan has talked in the past about growing up with a trader for a father and this week you’ll hear from the man himself. Dan Hodgman Sr. discusses how the landscape of trading has changed, how he was able to build a balanced life for himself within the trading industry, and the mentorship that informed his years on the floor. Dan also talks about what risk really means and why you should never think of treasury bonds as money. Listen to the episode for tips and wisdom from a trading veteran. [00:16] - This week: Dan Hodgman [01:07] - Market reaction [04:19] - Interview with Dan Hodgman [05:46] - Family trading legacy [08:03] - From stockbroker to floor trader [10:53] - Trading classes [12:17] - What's my risk? [15:03] - Sizing down [17:59] - Controlling the trade [21:58] - Getting back into the game after a big loss [25:39] - Winning day mentality [27:53] - Statistics & probabilities [30:46] - Fortunate opportunities [34:54] - Retirement
Limit Up! is a podcast for traders of all levels brought to you by TopstepTrader. Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.
https://www.dante32.com/ (Podcast episode production by Dante32.)
Today on Limit Up! we’re talking to a legend in finance. https://www.linkedin.com/in/richard-l-sandor-11b2bb67/ (Dr. Richard Sandor) is widely known as the Father of Financial Futures, having pioneered futures trading in the 1970s. After decades of accomplishments (check out his https://en.wikipedia.org/wiki/Richard_L._Sandor (Wikipedia) page!), Dr. Sandor is back at it trying to revolutionize trading again with the introduction of a LIBOR alternative called AMERIBOR. In this wide-ranging conversation, Jeff and Dr. Sandor discuss the fundamentals of trading, the process by which Dr. Sandor came up with his revolutionary ideas, what motivated him to work with the American Financial Exchange, and finally, why Dr. Sandor believes American financial markets are the strongest in the world. This is truly a masterclass in trading. [00:27] - This week: Dr. Richard Sandor [01:08] - Market reaction [02:11] - Jeff Carter interview with Dr. Richard Sandor [02:43] - https://www.gofundme.com/f/name-a-hotel-room-so-we-never-forget (Name A Hotel Room So We Never Forget) [03:29] - The father of financial futures [04:09] - The demise of LIBOR [09:10] - The rise of AMERIBOR [27:09] - Structure of the contract [28:46] - Not for amateurs [31:53] - Corporate treasurers [34:49] - How to get hired at the American Financial Exchange [38:40] - Why not retire? [40:53] - There are markets in everything
https://www.linkedin.com/in/richard-l-sandor-11b2bb67/ (Dr. Richard Sandor) is the Father of Financial Futures having pioneered futures trading in the 1970s. Currently, Dr. Sandor is the Chairman and CEO of the American Financial Exchange and is actively working on an alternative to the LIBOR. This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
In an era of fake news and widespread distrust in the media, standard-bearer media organizations like The Wall Street Journal remain a beacon for hard-hitting reporting on what’s going on in finance as well as the world at large. On today’s show, Jeff is talking to https://www.gregoryzuckerman.com/ (Gregory Zuckerman), Special Writer to The Wall Street Journal who focuses on money and investing.Listen in as Gregory explains his process for finding interesting stories, why successful companies hire people who show potential as opposed to just hiring for open positions, and why some media organizations are booming despite open hostilities. If you have a tip for Gregory, you can reach him on Twitter https://twitter.com/GZuckerman (@gzuckerman) or via email Gregory.zuckerman@wsj.com [01:43] - Market reaction [09:07] - Jeff Carter interview with Greg Zuckerman[09:29] -https://www.gofundme.com/f/name-a-hotel-room-so-we-never-forget ( Name A Hotel Room So We Never Forget ) [09:39] - Breaking stories in finance [11:04] - Playing down the middle [15:24] - Finding stories to investigate [18:38] -https://www.penguinrandomhouse.com/books/557104/the-man-who-solved-the-market-by-gregory-zuckerman/9780735217980%20 (The Man Who Solved the Market) [20:27] - The paradox of Jim Simons [24:32] - https://mitpress.mit.edu/books/personnel-economics (Personnel Economics) [25:50] - Making predictions [28:10] - Struggling energy providers [28:58] - Getting out into the trenches
https://www.wsj.com/news/author/gregory-zuckerman (Gregory Zuckerman) is a Special Writer at The Wall Street Journal. He writes about big financial trades, hedge funds, private-equity firms, and other investing and business topics. In the past, Greg wrote the "Heard on the Street" column and covered the credit markets for the paper. Check out his new New York Times Bestselling book, The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution.This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/)If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
This week on Limit Up! we’re getting back to the basics and taking a look at the habits and attributes of top traders. Jack, Dan, and John are on mic this week sharing some of their observations from their lives on the trading floor.Listen in to find out why your P&L monitor is just a distraction, why the best traders are first to arrive and last to leave, and have an ultra-compulsive work ethic (we didn’t say all the traits are healthy). We’re also announcing the winners of the listener survey and sharing some of the feedback we’ve received.If you’ve been wondering how you can improve your trading game, tune in and take notes! [00:16] - This week: Jack, Dan, and John "The Dancing Bear" Doherty [02:08] - Lessons of highly effective traders [06:09] - Final five listener survey winners announcement! [08:30] - Ultra-compulsive commitment [11:27] - Process over profits [17:34] - Smart Losses [22:11] - Assessing risk like a poker player [25:54] - Always looking for a good deal [29:05] - Confidence not hubris [33:59] - Listener survey feedback
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
Crypto has been around for quite a while but there are still many who don’t fully understand how it works or how it will change the industry further down the road. Tokenization has big implications and can potentially become a great equalizer. On this week’s episode of Limit Up! Brock Connelly of RoundBlock Capital is here to explain crypto futures.Brock shares his advice for traders looking to get into the crypto space and talks about some of the common misconceptions people have about bitcoin and other cryptocurrencies. Listen for Brock’s tips and learn more about his new venture RoundBlock Capital. Stay tuned for this week’s MARKet Reaction. [00:16] - This week: Brock Connelly [00:55] -http://topsteptrader.com/listenersurvey ( Limit Up! 2019 Listener Survey ) [01:12] - Gift certificate winners announcement! [02:26] - Jeff Carter interview with Brock Connelly[02:39] -https://www.gofundme.com/f/name-a-hotel-room-so-we-never-forget ( Name A Hotel Room So We Never Forget ) [03:12] - Digital asset futures at RoundBlock Capital [03:44] - What does an Introducing Broker do? [05:35] - The difference between an IB and a Commodity Trade Advisor [06:31] - Breaking into the floor trading business [10:09] - The gentleman of the hog pit [13:01] - The intrigue of crypto [27:48] - Competing exchanges [30:32] - Contract delivery [37:18] - Becoming a legitimate asset class [40:25] - Tokenizing assets [49:11] - Stupidity bets [50:15] - Brock's worst trade [51:49] - Making the transition to trading crypto [54:50] - Sticking point in the educational process [57:42] - Private equity roll-up
https://www.linkedin.com/in/brockconnelly/ (Brock Connelly) is the Founder, CEO, and Head of Brokerage of https://www.roundblock.capital/ (RoundBlock Capital). RoundBlock is a bitcoin futures brokerage that was born from traditional futures markets. Under Brock’s direction, RoundBlock leverages technology, clearing partnerships, and risk management to encompass a full-service futures brokerage solution.This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/)If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
Trading is an adrenaline rush. But when that rush starts to feel like a drag, it might be time to look for your next steps. Our guest this week on Limit Up! spent 31 years on the floor before making the transition to academia and private consulting. https://www.linkedin.com/in/johnnyhoff/ (John Nyhoff), whom Jeff used to trade with on the floor, stopped by to chat about what it’s like to make the leap.John discusses the adjustment period he underwent just to get used to the amount of free time he’d acquired thanks to school breaks. John also talks to Jeff about his predictions for where the financial market is headed in 2020. [00:36] - This week: John Nyhoff [01:17] -http://topsteptrader.com/listenersurvey ( Limit Up! 2019 Listener Survey ) [01:59] - Jeff Carter interview with John Nyhoff[02:10] -https://www.gofundme.com/f/name-a-hotel-room-so-we-never-forget ( Name A Hotel Room So We Never Forget ) [03:11] - Day to day at the desk [04:03] - Cultivating customers [04:57] - Time horizon for institutional traders [06:10] - Married to the trade [07:25] - Bonus opportunities [08:33] - Falling out of the pit [10:00] - Incorrect trade execution [12:36] - Merc politics [14:18] - Transitioning to a university professor [16:18] - The CME Trading Challenge [20:05] - The value of academic principles [23:53] - The end of LIBOR [26:20] - Making up a good contract [28:09] - Incentive to trade a contract [30:07] - Consolidation across the industry [31:56] - The future of the futures industry [33:59] - Managing risk efficiently [37:18] - Passive investing
https://www.linkedin.com/in/johnnyhoff/ (John Nyhoff) is an Assistant Professor of Finance at https://lewisu.edu/ (Lewis University) as well as a consultant. Prior to his life in academia, he spent 31 years as a trader on the floor and wrote three books.This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/)If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
We’re back this week with part two in our Best Of Limit Up! series. Listen to these bite sized nuggets of wisdom from some of the top traders out there to set yourself up for success in 2020 and beyond.Today’s conversations include topics ranging from finding opportunity after market blowups, how to participate in dual momentum investing, futures trading, how to handle failure, and an enlightening discussion with https://www.linkedin.com/in/michaelpatak/ (Michael Patak), the founder of https://www.topsteptrader.com/ (TopstepTrader). Tune in, get inspired, and get trading! [00:16] - This week: Best of 2019 part two [00:41] -http://topsteptrader.com/listenersurvey ( Limit Up! 2019 Listener Survey ) [01:27] - Best of 2019 part two[01:27] - Henry Yoshida: Thoughts on robo-advisors [07:57] - Michael Patak: What is it like working at TopStepTrader? [14:22] - Gary Antonacci: Using dual momentum [18:51] - Pete Mulmat: How Pete trades today [23:49] - Gustavo Razzetti: Getting over the fear of making mistakes
Want to hear more? Check out the full length episodes!https://limitup.topsteptrader.com/episodes/finding-opportunity-after-a-market-blow-up-with-henry-yoshida (Episode 85 with Henry Yoshida)https://limitup.topsteptrader.com/episodes/trading-with-no-limits-with-topsteptrader-founder-michael-patak (Episode 87 with Michael Patak)https://limitup.topsteptrader.com/episodes/dual-momentum-investing-amidst-market-volatility-with-gary-antonacci (Episode 93 with Gary Antonacci)https://limitup.topsteptrader.com/episodes/leveling-the-futures-market-playing-field-with-pete-mulmat (Episode 100 with Pete Mulmat)https://limitup.topsteptrader.com/episodes/how-mindset-can-help-you-handle-failure-with-gustavo-razzetti (Episode 102 with Gustavo Razzetti)This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
The end of the year is all about reflection and that’s what we’re doing for the next two weeks on Limit Up! In 2019 we had a wealth of knowledge shared with us from guests across industries. Listen in for the segments that we think had the most profound advice that you can use as you look to the next year (and decade!) ahead.Today’s episode features clips from conversations with https://www.linkedin.com/in/michael-ieronimo-0009867/ (Mick Ieronimo), https://www.linkedin.com/in/ben-lichtenstein-3482009/ (Ben Lichtenstein), https://eminimind.com/ (Tim Racette), and Danny & Hoag. We’re covering everything from maintaining success, managing emotions, maintaining focus, and simple ways to alter your perspective so you see the glass half full. Listen in for this week’s MARKet Reaction and stay tuned for Part 2 in this Best Of series next week. [00:16] - This week: Best of 2019 part one [00:41] -http://topsteptrader.com/listenersurvey ( Limit Up! 2019 Listener Survey) [02:21] - Best of 2019 part one[03:28] - Mick Ieronimo: What a trader should do after putting up a large day [09:40] - Ben Lichtenstein: Tools to help harness emotions when trading [14:58] - Tim Racette: Tips for getting back on track after a failure [18:58] - Dan & Hoag: There's always opportunity. Remember to take a break. [23:52] - Dan & Hoag: The importance of geography in the trading pits & The ultimate edge: consistency in your decision-making process
Want to hear more? Check out the full-length episodes!https://limitup.topsteptrader.com/episodes/maintaining-success-as-a-funded-traded-mick-ieronimo (Episode 61 with Mick Ieronimo) https://limitup.topsteptrader.com/episodes/trading-with-and-without-emotions-ben-lichtenstein (Episode 65 with Ben Lichtenstein) https://limitup.topsteptrader.com/episodes/setting-realistic-expectations-and-maintaining-focus-in-trading-tim-racette (Episode 67 with Tim Racette) https://limitup.topsteptrader.com/episodes/keeping-cool-during-summer-trading-with-topsteptrader-s-danny-hoag (Episode 78) https://limitup.topsteptrader.com/episodes/different-ways-to-look-at-the-market-it-s-all-an-auction-process-at-the-end-of-the-day (Episode 79)This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple...
In 2011, MF Global went bankrupt, destroying the livelihoods of thousands of people. https://www.linkedin.com/in/jameskoutoulas (James Koutoulas), CEO of https://typhoncap.com/ (Typhon Capital Management), co-founded the Commodity Customer Coalition and set to work helping customers of MF Global get their money back. James joined Jeff for this week’s episode of Limit Up!Tune in to learn how Typhon Capital Management operates, why James believes traders need to be process-oriented, and how he was able to lead a large customer suit with virtually no experience. [00:41] - This week: James Koutoulas [01:35] - Listener survey [02:27] - Market reaction [07:31] - Jeff Carter interview with James Koutoulas[08:35] - Futures over equities [09:10] - Screening process [11:59] - Becoming a candidate [13:12] - Qualified eligible participants [15:10] - Getting money out [16:25] - Due diligence [18:04] - Crypto diligence [20:49] - Smarter than the algorithms [22:07] - Commodity Customer Coalition & Corzine [36:21] - Getting CCC off the ground [52:36] - The media angle [54:19] - Non-partisan prosecution
https://www.linkedin.com/in/jameskoutoulas (James L. Koutoulas), Esq. is the CEO of https://typhoncap.com/ (Typhon Capital Management), which he founded in 2008. Typhon is a deconstructed multi-strategy trading firm, where managers can focus only on trading under an umbrella of unified operations, compliance, and risk management. He co-founded the Commodity Customer Coalition, a non-profit customer advocacy organization, in response to the MF Global bankruptcy. James is the President and lead attorney for the CCC.This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/)If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
David Klusendorf, Chief Investment Officer of Typhon Capital, likens managing risk to a quote from the movie Good Will Hunting: “I can't play the piano. When I look at a piano, all I see are black and white keys. But Beethoven saw a symphony.” Likewise, with trading, you have to be able to look at the numbers and see the big picture.On this week’s episode of Limit Up! Jeff talks to David about market volatility and risk. David shares his best tips for managing risk and makes the case for why you need to be curious enough to find your trading niche. He also offers up his advice for new traders and explains why trading is not magic: it’s a lot of behind-the-scenes work. [00:29] - This week: David Klusendorf [00:49] - Market reaction [08:31] - Jeff Carter interview with David Klusendorf[09:09] -https://www.gofundme.com/f/name-a-hotel-room-so-we-never-forget ( Name A Hotel Room So We Never Forget ) [10:45] - How David got into trading [13:37] - Analyzing risk [17:36] - Uncontrollable risk [21:34] - No trade is a trade [25:36] - Institutional risk [30:31] - Mispricing risk [32:43] - Raising hackles [37:22] - Measuring risk in crypto [39:14] - New contracts [41:28] - Trading micros [45:36] - Learning to make a living [51:54] - Dynamite
https://www.linkedin.com/in/davidklusendorf/ (David Klusendorf) is the Chief Investment Officer and a principal of Typhon Capital Management which he joined in March 2015. David serves on Typhon’s Investment Committee and its Risk Committee. He has been a trader for more than 25 years and is a former basketball player for Loyola University Chicago. This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
When things fall into place and you make a great trade, you feel a rush of exhilaration. However, trades like that don’t happen every day and more often than not you feel the pressure and anxiety inherent in trading with large amounts of money.https://www.linkedin.com/in/kbmorton/ ( Keith Morton) knows the drill. As a trader in the 80s, he turned to exercise and marathons to manage his stress and stay in shape.On this week’s episode of Limit Up! Keith talks to Jeff about his new venture Citywide Superslow and how he stays healthy through HIIT workouts and intermittent fasting. If you want to maximize your workouts to minimize stress and impact on your body, you’ll want to listen in for Keith’s advice. [00:37] - This week: Keith Morton [01:49] - Jeff Carter interview with Keith Morton[01:59] -https://www.gofundme.com/f/name-a-hotel-room-so-we-never-forget ( Name A Hotel Room So We Never Forget ) [02:29] - Prior life as a pit trader [03:52] - Brief, intense, infrequent, and safe [07:50] - Fitness for trading [09:08] - How training is different at Keith's gym [13:58] - Intermittent fasting [18:40] - What to eat and when [20:54] - Discovering SuperSlow [23:30] - Success through failure [24:47] - Separating exercise from recreation
https://www.linkedin.com/in/kbmorton/ (Keith Morton) is a partner at Citywide Superslow, a Chicago area studio specializing in HIIT workouts. After finding his workouts inefficient and ravaging his body, Keith turned to HIIT to stay in shape and minimize stress from his former life as a trader. Come into the studio to find a trainer to help you meet your exercise goals:https://citywidesuperslow.com/ ( https://citywidesuperslow.com/) This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
In the past, structured note trading was something that was only available to high powered firms or wealthy individuals. A new startup, Halo Investing, is turning that on its head and democratizing structured note trading so that individuals can get a piece of what has become a $3 trillion market. Our guest this week on Limit Up!, Biju Kulathakal, discusses the future of structured note trading and why traders should get in on that now.Biju also talks about his time as a trader and how that helped him on his current path as the CEO of a startup. Stay tuned for this week’s MARKet Reaction. [00:37] - This week: Biju Kulathakal [01:37] - Market reaction [02:39] - Jeff Carter interview with Biju Kulathakal[02:47] -https://www.gofundme.com/f/name-a-hotel-room-so-we-never-forget ( Name A Hotel Room So We Never Forget ) [03:28] - Biju's variety of experiences [04:13] - Embedded optionality [06:16] - Catching the wave [08:53] - A platform for structured notes [13:34] - How Halo is different [17:06] - Protection on the downside [26:48] - Inspiration for an elegant solution [33:38] - Private markets [38:12] - Attracting human capital [43:58] - Being a venture capitalist [48:38] - Diversity of pedigree [55:14] - What's next for Halo [56:37] - Getting on the platform
https://www.linkedin.com/in/biju-kulathakal-b5b80b1/ (Biju Kulathakal) is the co-founder and CEO of https://haloinvesting.com/ (Halo Investing) where he leads the organizational strategy and team. He was one of the early co-founders of Redbox. Additionally, he was a founder and the past Chairman and CEO of Trading Block Holdings, an online brokerage firm specializing in option traders. Biju received a BS in Aerospace Engineering from Illinois Institute of Technology.This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
Just as the internet has revolutionized trading, it has also changed the landscape of higher education. People need degrees to get desirable jobs, but the cost of an MBA program is rapidly becoming out of reach for all but a few.https://www.linkedin.com/in/professorjeffreybrown/ ( Jeff Brown), Dean of the Gies College of Business at the University of Illinois at Urbana-Champaign, stopped by to talk to Jeff about the state of higher education and what the future is shaping up to look like.The two Jeffs discuss how the school’s iMBA program is democratizing access, why you should be wary of college ranking lists, and what drives the price of a degree. Whether you’re thinking of going back to school, have kids heading off, or you’re just interested in higher education, tune in! [00:45] - This week: Jeff Brown [01:34] - Market reaction [10:36] - Jeff Carter interview with Jeff Brown[11:03] - Accessing higher education [13:11] - Business school rankings [19:11] - Becoming Dean [20:49] - CFO training ground [24:27] - Thinking differently about graduate education [28:00] - Demolishing barriers with the IMBA program [35:19] - A journey of constant improvement
[38:40] - Community Questions [42:30] - Jeff Carter interview with Jeff Brown[42:30] - Faculty adaptation [46:30] - Dean life [49:08] - Benefits of international students [56:15] - The Office of Experiential Learning
https://www.linkedin.com/in/professorjeffreybrown/ (Jeff Brown) is the Dean of the Gies College of Business at the University of Illinois at Urbana-Champaign and has been instrumental in launching the university’s world-class iMBA program. Educated at both Harvard and MIT as well as being a professor at the University of Illinois, Jeff has an extensive background in academia. This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
In the high-stakes world of trading, it’s only a matter of time before you make a mistake. But high-achievers are notoriously bad at handling failure. Today’s guest, Gustavo Razzetti wants to change that. Gustavo stopped by to talk to Jeff about resetting your mindset so that you look at mistakes and failures as an opportunity to grow.Tune in to today’s episode as Gustavo offers up his best advice for dealing with failure and stay tuned for this week’s MARKet Reactions. [00:16] - This week: Gustavo Razzetti [01:19] - Market reaction [06:14] -https://www.youtube.com/watch?v=F-fJjsm5wkA ( Trader) documentary with Paul Tudor Jones [08:08] - Jeff Carter interview with Gustavo Razzetti[08:38] - Building positive culture with Liberationist [09:52] - Why companies penalize mistakes [10:49] - Getting over the fear of making mistakes [15:36] - Asking about mistake policies [17:46] - Core principles at Liberationist [19:40] - The behaviors we reward and punish [23:08] - Creating influence within a company [25:58] - Decentralized autonomy [28:22] - Change fitness [32:46] - Grateful isn't just thanking somebody [37:53] - Improving mistake tolerance
https://www.linkedin.com/in/gustavorazzetti/ (Gustavo Razzetti )is the CEO of https://liberationist.org/ (Liberationist), a consultancy that helps purpose-driven organizations make positive change. His human-centered approach liberates the best version of leaders and their teams. Razzetti has more than 20 years of experience transforming human behavior at the intersection of neuroscience, design thinking, mindfulness, and creativity.Gustavo is the author of https://www.amazon.com/Gustavo-Razzetti/e/B072KRGM3S (Stretch for Change), https://www.amazon.com/Stretch-Your-Mind-conquer-comfort-ebook/dp/B0797DZLQQ (Stretch Your Mind), and Stretch Your Team. He is also a regular speaker and has facilitated hundreds of change workshops in the US, Europe, and Latin America. This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
You know Nasdaq to be a multi-billion dollar, global exchange, but it wasn’t always that way. In 2003, Nasdaq made an out-of-the-box hire with Bob Greifeld. Bob then oversaw the digital revolution of trading as well as steered the Nasdaq to become the behemoth it is today.Bob joined Jeff on this week’s episode of Limit Up! to discuss his time at Nasdaq, the importance of creating the right company culture, and Bob’s predictions for the future of trading. Hint: he likes crypto. Bob also shares his advice for rookie traders just starting out and discusses his new book,https://www.amazon.com/Market-Mover-Lessons-Decade-Change-ebook/dp/B07NCY3359 ( Market Mover). Stay tuned for this week’s MARKet Reactions. [00:28] - This week: Bob Greifeld [01:25] - Market reaction [02:29] - Jeff Carter interview with Bob Greifeld[03:24] - Becoming the CEO of Nasdaq during the aftermath of the dot-com bubble [09:06] - Changing the culture of Nasdaq [11:21] - Updating the battleship [13:53] - Changing the industry with rapid deployment [16:47] - Mutualized clearing [18:10] - Attracting liquidity providers to make tight spreads [19:32] - Launching a price-size market model [22:69] - Leaving Nasdaq [26:57] - Corporate venture [31:37] - Removing cross-currency friction with cryptocurrency [34:20] - Adoption of a cashless society [36:10] - Trade by appointment [38:43] - The psychological effect of WeWork on markets [44:16] - Advice for rookie traders
Robert (Bob) Greifeld is the Chairman of Virtu Financial and was the CEO of Nasdaq from 2003 to 2016. Bob led the Nasdaq from a valuation of $500 million to over $12 billion during his tenure. Mr. Greifeld is a member of the Economic Club of New York and the NYU Stern Board of Overseers. He is Founder and Chairman of the USA Track & Field Foundation, which supports emerging athletes and inner-city youth athletics. His new book,https://www.amazon.com/Market-Mover-Lessons-Decade-Change-ebook/dp/B07NCY3359 ( Market Mover), details his time leading the Nasdaq.This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/)If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by...
It’s our 100th episode today and we’re going back to talking about what TopstepTrader does best: futures trading. The futures market is notoriously inaccessible to small scale traders. Today’s guest, Pete Mulmat, stopped in to talk about how his new start up, The Small Exchange, is looking to level the playing field of the future’s market.With a simplified trading process and small product offering, The Small Exchange is empowering retail level traders the opportunity to make trades on futures that were previously only available to large companies able to front the risk. Pete discusses why the futures market is so lucrative and his best advice for making money in futures.Pete and Jeff end by sharing hilarious stories from the trading floor, such as the time that Olympic silver medalist Bob Berland stopped a fight between Pete and another trader. [00:38] - 100th episode of Limit Up! [02:52] - Economic calendar [06:56] - Sleeping in [08:18] - Jeff Carter Interviews Pete Mulmat, Chief Futures Strategist athttps://www.tastytrade.com/tt/bio/pete-mulmat ( Tastytrade) and Executive Vice President athttps://www.thesmallexchange.com/ ( Small Exchange, Inc)[08:43] - The Small Exchange [10:13] - Pete and Jeff's history together at CME [15:18] - How Pete trades today [19:48] - First in first out [21:57] - Never abandon the retail guy [24:27] - Barrells, bushels, & bars [27:42] - Dollar-wide ticks [29:40] - Transparency of futures [31:11] - Where am I getting out if I'm wrong? [32:01] - New and proprietary products [38:32] - Developing markets [40:25] - Crude oil & onions [42:30] - Disrupting the monopoly [53:15] - Platform shoes [54:54] - Keeping it when you make it
[1:01:44] - Community Questions Interlude [1:10:27] - Jeff Carter Interviews Pete Mulmat[1:10:27] - Funniest stories from the floor [1:19:58] - Clairvoyant moments [1:21:31] - Vegas [1:24:54] -https://subscribers.thesmallexchange.com/ ( The Small Exchange Pre-launch Subscription Offer)
[1:27:50] - Ask a question at thehttps://www.facebook.com/groups/TopstepTraderCommunity ( TopstepTrader Community) on Facebook [1:28:14] -https://www.instagram.com/topsteptrader/ ( TopStepTrader) on Instagram
https://www.linkedin.com/in/peter-mulmat-2696a929/ (Pete Mulmat) is the Executive Vice President ofhttps://thesmallexchange.com/#/ ( The Small Exchange), a new exchange that democratizes the future markets and makes it accessible to small scale traders. Pete began trading in the 80s and has been an industry leader in bringing trades to the digital age.This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up!...
We’re switching up the format for this week’s episode of Limit Up! while Jeff Carter is traveling. Our TopstepTrader dream team of Jack Pelzer, Dan Hodgman, and Mark Meadows sit down for a roundtable discussion on what’s happening in the market this week.The group talks about how the market is in a holding pattern until the Fed makes a decision on rate cuts and offers up their personal advice on how to deal with market volatility. Jack introduces a new game, Kramer vs Kramer, and challenges Dan and Mark to guess whether the quotes Jack compiled were said by Jim Cramer.Finally, the group shares their spookiest trades (their biggest losers) as an example of how to keep going even when the market beats you down. Dan also has lots of thoughts to share about Disney World so if you’re planning a trip to the happiest place on earth, tune in! [00:16] - This week: Jack, Dan, & Mark [01:05] - Pod Save the Nasdaq [02:10] - Dan's trading background [03:30] - Mark's trading background [04:55] - Jack's trading background [05:35] - Does the Fed need to cut rates? [10:17] - Community Questions [16:13] - Fighting the battle you can win [19:45] - Negative yielding debt [22:44] - Kramer vs Kramer [30:39] - https://www.imdb.com/title/tt1596363/ (The Big Short) [33:13] - Jack's biggest loser [35:27] - Separating your personal bias [39:55] - Weekend plans
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/)If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
In trading, the highs are high, and the lows are low. But when you get into a groove, it’s magic. On this week’s episode of Limit Up! we’re talking to Gary S. Morrow, an independent registered investment advisor and contributor to the trading advice blog, http://thisweekonwallstreet.com/ (This Week on Wall Street). After a great run on the trading floor of the Chicago Mercantile Exchange, Gary decided to take his career in a new direction. He talks to Jeff about the transition from the high stress floor to working as a writer and advisor. Gary also gives advice on how to sort through the noise of information overload to make the best trades.Later, Jeff and Gary reminisce about the golden days of trading in the 80s, as well as have a good laugh at some of their shenanigans on the floor. Tune in for a fun conversation and get this week’s MARKet Reaction. [00:55] - This week: Gary Morrow, President of Yosemite Asset Management [02:09] - MARKet Reaction with Mark Meadows [03:32] - Jeff Carter interview with Gary Morrow[04:06] -https://pointsandfigures.com/%20 ( Points and Figures ) [04:09] - Jeff Carter onhttps://twitter.com/pointsnfigures ( Twitter ) [05:51] - How Gary started as a currency trader on the floor in Chicago [09:56] - Preparing for the stress of trading before entering the pit [15:08] - Why Gary quit trading [18:25] - Transitioning from the floor to the screen [21:17] - Technical analysis tools for momentum, sentiment , & price action [23:55] - Gary's partners Bob von Halle and Doug McKay [27:03] - Criteria for approaching new markets [29:28] - Russell vs TWM [31:00] -http://thisweekonwallstreet.com/ ( This Week On Wall Street ) [31:04] - Gary onhttps://twitter.com/garysmorrow ( Twitter) [31:15] - Gary onhttps://www.linkedin.com/in/gary-morrow-0b9a071a/ ( LinkedIn) [32:01] - Charlie Bilello onhttps://twitter.com/charliebilello ( Twitter) [32:16] - Ryan Detrick onhttps://twitter.com/ryandetrick ( Twitter) [32:39] - Tamping the noise [35:04] - Stories of fearlessness from the crash of '87
https://www.linkedin.com/in/gary-morrow-0b9a071a (Gary S. Morrow) is an independent registered investment advisor in San Luis Obispo, CA. He manages individual accounts through Charles Schwab and TD Ameritrade Institutional. Prior to becoming an RIA, Morrow spent 12 years on the floor of the Chicago Mercantile Exchange trading foreign currency and interest rate futures. He currently writes forhttp://thisweekonwallstreet.com/ ( This Week on Wall Street). This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple...
Steve Werner was a top commodities trader for 19 years before dedicating himself to his family business. But when the market crash of 2008 forced the company to shutter, Steve found himself adrift and suffering from major depression. On today’s episode of Limit Up! Jeff talks to Steve about his journey and how mental health concerns are a widespread issue in the trading industry.Since the dark days of medicating his grief over the loss of his business, Steve has become a lifestyle coach for other high achievers struggling with negative thoughts and anxieties. Through his innovative program, https://hourofchampions.com/ (Hour of Champions), Steve is helping people find their spirituality, physical fitness, and mental toughness.Tune in to this week’s episode as Jeff and Steve have a frank conversation about mental health. [00:24] - This week: Steve Werner, CEO ofhttps://hourofchampions.com/ ( Hour of Champions) [01:37] - MARKet Reaction with Mark Meadows [03:02] - Jeff Carter’s interview with Steve Werner[04:15] - How Steve became a trader in the bond pit [09:32] - Trial by fire trading at Singer-Wenger [13:11] - Different contracts for different personalities [14:50] - Transferring trading skills to other areas of life [16:22] - Stability, strength, and spirit [19:01] - Living like a victim [21:33] - A below-zero cure for a meltdown [25:22] - Battling through the highs and lows of withdrawal with physical fitness [29:44] - How Steve decided to start Hour of Champions [31:36] - Steve's spiritual wake-up call [35:25] - Origin of the name Hour of Champions [36:55] - Making a breakthrough in mental toughness [39:22] - Creating ahttps://hiitide.com/crew/hourofchampions ( mobile app) to help transform a community [42:13] - Do a good deed and don't get caught doing it [49:11] - A crisis in spirituality [50:52] - Meditating your own way [54:08] - How to connect with Hour of Champions:https://www.facebook.com/Hour-of-Champions-325891655005114/ (Facebook) https://twitter.com/LiveToWinCoach (Twitter) https://www.instagram.com/hourofchampions/ (Instagram)
https://www.linkedin.com/in/steven-werner-022b3324 (Steve Werner) was a commodities floor trader for 19 years before moving on to Principal of Smith Rothchild Financial. The business was hit hard by the financial crisis in 2008 and was forced to close leaving Steve with lingering depression. While he initially tried to treat his mental health issues with medication, he found success in a regimen of spirituality, physical fitness, and mental toughness. He has since launched a program called https://hourofchampions.com/ (Hour of Champions) and coaches other high achievers to get out of their negative thought patterns.This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure:...
We’re living in a world with a 24/7 news cycle dedicated to corruption. But how does corruption at the highest levels affect the bottom line of individual firms? On this week’s episode of Limit Up! we’re talking corruption with Dr. Nerissa Brown of the University of Illinois at Urbana-Champaign Gies College of Business.Professor Brown’s latest research analyzes the effects of political corruption on firm value. She and her colleagues found that in districts with high level of corruption, the value of firms in those areas declined by 4%. Tune in to learn more about Professor Brown’s research and get this week’s MARKet Reaction. [00:16] - This week: https://giesbusiness.illinois.edu/profile/nerissa-brown (Nerissa Brown), Associate Professor of Accountancy and Academic Director for the BSA/MAS Program in Accountancy at Gies College of Business [01:32] - MARKet Reaction with Mark Meadows [02:46] - Jeff Carter interview with Nerissa Brown[04:35] - Nerissa's academic path from Jamaica to Champaign [06:00] - How Nerissa became interested in accountancy [07:59] - Grey areas in accounting [12:13] - Monitoring mechanisms and the consequences of political corruption [15:24] - How Nerissa approached the research process [18:27] - Does corruption curb innovation? [21:20] - Russ Roberts'https://www.econtalk.org/ ( EconTalk) podcast [21:46] - How corruption impacts Chicago companies and taxpayers [26:03] - Are private firms affected the same as public ones? [28:12] - Can political corruption be illustrated without bias in an asset & liability format? [31:27] - Looking at how corruption is managed in the audit process [33:53] - Civil disobedience within companies [38:09] -https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3147385 (Political Corruption and Firm Value in the U.S.: Do Rents and Monitoring Matter?)
[41:12] - Wrapping things up with Jack Pelzer
http://linkedin.com/in/nerissacbrown (Nerissa Brown) is Associate Professor of Accountancy and Academic Director for the BSA/MAS Program in Accountancy at the University of Illinois at Urbana-Champaign. Dr. Brown’s latest research is published in her paper, “https://link.springer.com/article/10.1007%2Fs10551-019-04181-0 (Political corruption and firm value in the U.S.: Do rents and monitoring matter)?” in the Journal of Business Ethics.This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/)If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify)...
Let’s face it, we’re living in a digital world. Innovations in tech make managing investments and researching trades much easier than the analog days, but sometimes you still need that human touch. On this week’s episode of Limit Up! we’re talking to https://www.linkedin.com/in/sean-brown-6266673/ (Sean Brown), President and CEO of cloud-based investment tool https://ycharts.com/ (YCharts). YCharts is unique in that it’s a cloud-based platform that will still connect you with a human if you need help.Sean talks to Jeff about Ycharts’ goal to bring transparency and great research to people of all levels of investing. He discusses how the company is integrating model portfolios and moving into the asset management space. But first, Mark Meadows is back this week with a zen MARKet Reaction: don’t fight the market, just go with it. [00:24] - This week: Sean Brown, President and CEO of YCharts [01:19] - MARKet Reaction with Mark Meadows [03:27] - Jeff Carter interview with Sean Brown[04:01] -https://pointsandfigures.com/ ( Points and Figures ) [04:07] -https://ycharts.com/ ( YCharts) [04:35] -https://hydeparkangels.com/ ( Hyde Park Angels ) [05:22] - YCharts features & uses [09:35] - The difference between YCharts and other platforms [11:55] - Macro-level insights & visualization [15:44] - Employment opportunities at YCharts [17:00] - How Sean was exposed to YCharts [18:45] - What Sean is doing to develop the culture inside the company [24:04] - Is Sean a native Chicagoan? [25:22] - Sean's first job out of grad school [27:00] - Why Sean chose Fintech [29:33] - What’s next on the roadmap for YCharts? [30:45] - YCharts can easily layer in new asset classes [33:42] - Offices in Chicago and New York
[38:35] - Wrap-up with Jack Pelzer
Sean Brown is the President and CEO at YCharts, a cloud based investment research "Swiss Army Knife" tailor made for wealth advisors and asset managers. Sean has a 25+ year track record of guiding significant growth of public companies, private equity backed firms and startups. He has a proven process-oriented approach to achieving results, with significant experience aligning vision, product, go-to-market, culture and operational plans to achieve commercial objectives. Immediately prior to joining YCharts, he successfully led Interactive Data - 7Ticks to an acquisition by Intercontinental Exchange. Previously he held senior positions at CSG, Computer Science Corporation, and Telution. He began his career as a software developer at Accenture. He lives in the northern suburbs of Chicago with his wife, 2 children, and dog. This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up!...
We’re taking a break from all the serious talk related to trading and welcoming friend of the show Alan Matthew. Alan is an illustrious trader and CEO of https://tribalventuresllc.com/ (Tribal Ventures) by day and an aficionado of everything from photography to the Burning Man festival by night.Alan talks to Jeff about how he keeps his head together when things get stressful as well as how a fateful trip to the Amazon changed his perspective on life. Sit back for a fun chat between friends. [00:16] - This week: Alan Matthew, CEO of Tribal Ventures [01:41] - MARKet Reaction with Mark Meadows [03:29] - Jeff Carter’s interview with Alan Matthew[05:05] – How Alan got started on the trading floor [11:40] – Keeping your head together when things are stressful on the floor [16:55] – Alan talks about how he became a Shaman 25 years ago [19:41] – The practices that keep you grounded [22:25] – Getting a photo exhibit at Burning Man [31:47] – Tips for having a good time at Burning Man [39:40] – Top book recommendations
Alan Matthew is an Active Angel Investor, investing in over 24 companies in the past year and a half. He has been a member of the Chicago Board of Trade since 1977 and the Chicago Council on Global Affairs for more than 30 years. As a published photographer in the New York Times, Alan has explored more than 85 countries in his life and has been a Shamanic Healer for more than 17 years. His company, https://tribalventuresllc.com/ (Tribal Ventures, LLC) invests in a vast array of companies and their core values lie within investing in the people of the company, not just the idea. This has been proven to be very successful for him and Tribal thus far.This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
There are many theories of investing but according to Gary Antonacci, Principal at Portfolio Management Consultants and author of the book “Dual Momentum Investing,” following trends is the best bang for your buck. On this week’s episode of Limit Up! Jeff talks to Gary about his strategy of dual momentum and how it relates to trend following. But first, Mark Meadows is back this week with his MARKet Reactions in which silver reigned supreme.Tune in to this week’s episode and find out how to ignore all the extra noise by following a stock’s relative momentum to make your investment decisions. [00:28] - This week: Gary Antonacci, Principal at Portfolio Management Consultants and author of the book “Dual Momentum Investing” [01:32] - MARKet Reaction with Mark Meadows [03:32] - Jeff Carter’s interview with Gary Antonacci[04:42] - What is dual momentum? [06:32] - Using absolute momentum vs relative momentum [08:24] - Know when to get out of the trade: it’s like hopping from a slow-moving train to a faster one [10:42] - Why more investors don’t use this strategy [12:54] - How Gary formulated this strategy of investment [14:02] - Momentum works best when applied to geographically diverse indices [15:46] - Staying focused on long term investment goals in a volatile news cycle [20:06] - There is no magic bullet to limiting your risk [21:40] - Integrating https://www.optimalmomentum.com/ (Dual Momentum Investing) into your daily trading strategy [24:27] - Overcoming confirmation bias in trading [26:33] - The limitations of reversing a dual momentum strategy [28:50] - Be sure to check out Gary’s website, https://www.optimalmomentum.com/ (optimalmomentum.com) and blog athttps://www.dualmomentum.net/ ( dualmomentum.net)
https://www.linkedin.com/in/garyantonacci/ (Gary Antonacci) is the Principal at Portfolio Management Consultants and the author of the book, https://www.amazon.com/Dual-Momentum-Investing-Innovative-Strategy/dp/0071849440 (“Dual Momentum Investing).” Gary devised his theory of dual momentum based on the Newtonian notion that a body in motion tends to stay in motion and advocates for investors to follow trends to make the best investments and trades.This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review
It’s the last week in August and that means we’re squarely in the dog days of summer. Jeff has the week off, but don’t worry listeners, we’ve still got a packed episode for you to roll into the holiday with. First up is our very own Mark Meadows, back with his MARKet Reaction. This week Mark breaks down bull markets, bear markets and how to make sure you’re eliminating your bias.. Then, our performance coaches, and podcast fan favorites, Danny and Hoag are back to discuss enjoying summer with an eye towards trading this fall. Finally, Jack Pelzer is back with some hard earned therapy for you to officially close your summer trading season with. Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [00:31] - This week: Danny & Hoag [01:39] - MARKet Reaction with Mark Meadows [03:33] - Danny & Hoag: Rewarding good trading behavior even if it results in a loss[03:58] - Summers at Lake Geneva [07:33] - Trading your plan this fall [14:47] - Danny's first lesson trading outside his strategy
[21:29] - Trader Therapy with Jack Pelzer
This episode of Limit Up! is hosted byhttps://www.linkedin.com/in/jeffreyrcarter/ ( Jeff Carter). Jeff is a general partner athttps://www.westloopventures.com/ ( West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
Last month, we decided to bring on our Founder and Chief Vision Officer Michael Patak to talk about his origins as a trader, the founding of TopstepTrader and his experiences being deep in the pit. This is part 2 of Jeff’s interview with Michael. If you missed part 1, make sure to check it out https://limitup.topsteptrader.com/episodes/trading-with-no-limits-with-topsteptrader-founder-michael-patak (here). In this episode, Jeff and Michael cover the humility and EQ required to be a successful trader. Next, they cover memorable trades and swap a few war stories from deep in the pit. Finally, no trading discussion is complete without bringing up crypto. Find out what Michael thinks about crypto in relation to his bread & butter, forex.Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [00:31] - This week: Michael Patak part two [01:28] - MARKet Reaction with Mark Meadows [03:00] - Michael Patak introduction [03:22] - Jeff Carter Interview with Michael Patak[03:22] - Having a speed edge in the pit [04:51] - Do you recommend that a five-lot trader scale into and out of trades? [06:32] - If the market is boring do you increase or decrease your size? [07:32] - Do you feel like you have to be right? [07:52] - After a losing streak how long would you walk away from the market before you came back? [10:19] - What happens if the market goes the way you wanted after hitting your stop? [11:03] - Memorable trades [19:52] - Do you see any particular markets as having more outsize opportunity than others? [20:32] - Have you looked at markets that might have more opportunity where others may be dead? [21:30] - If I became proficient in one market, but then it died, could I take those same skills to another? [22:06] - Are there any markets in the futures and forex space that don't lend themselves to smaller size traders? [26:37] - Yra G. Harrishttps://yragharris.com/ ( Notes From The Underground ) [27:38] - The markets are limitless [28:57] - So you've seen a bear market? [30:47] - Last parting words
This episode of Limit Up! is hosted byhttps://www.linkedin.com/in/jeffreyrcarter/ ( Jeff Carter). Jeff is a general partner athttps://www.westloopventures.com/ ( West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review
A few weeks ago, our very own https://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2019/07/22/usd-outlook-fed-rate-cuts.html (Mark Meadows) went onto the https://www.dailyfx.com (DailyFX) podcast and spoke with host https://twitter.com/MartinSEssex (Martin Essex). Now, we’re flipping that around and bringing Martin onto Limit Up! Martin is an analyst and editor over at DailyFX and has previously written for The Wall Street Journal, Reuters and the BBC. This is part 2 of Jeff’s interview with Martin. If you missed part 1, make sure to check it out https://limitup.topsteptrader.com/episodes/the-shifting-landscape-in-macroeconomics-with-martin-essex-of-dailyfx-com (here). In this episode, Jeff and Martin shift their focus across the Atlantic to Europe, where there’s no shortage of news impacting the markets. From Brexit, the impact of Cryptocurrencies and the evolving state of the Eurozone, Martin has a front row seat to some of the most important market shifting stories.Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [00:31] - This week: Martin Essex part two [01:31] - MARKet Reaction with Mark Meadows [02:51] - Martin Essex introduction [03:16] -https://www.dailyfx.com/ ( DailyFX) [03:27] - Jeff Carter Interview with Martin Essex[03:27] - Where do you see the potential in FX markets, and what happens to the Euro if Brexit really happens? [07:31] - Could exiting the regulatory regime of Brussels elevate the British economy? [10:10] -https://www.pipit.global/ ( PiP iT ) [11:08] - What do you make of cryptocurrencies? [13:44] - Facebook Libra [14:34] - Cryptocurrency for supply chains [16:03] - What kind of clients did you do work for when you were a Senior International Economist? [17:18] - Do you subscribe to either the IS-LM curve or C+I+G macroeconomic camp? [18:51] - Is GDP a useful measure? [23:27] - Do you like futures markets more than cash markets? [26:37] - With sovereign debt and a combined currency there's no chance to rebalance [27:19] - What do make of the LIBOR, do you think it survives? [28:18] - Are you a football fan?
This episode of Limit Up! is hosted byhttps://www.linkedin.com/in/jeffreyrcarter/ ( Jeff Carter). Jeff is a general partner athttps://www.westloopventures.com/ ( West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your...
A few weeks ago, our very own https://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2019/07/22/usd-outlook-fed-rate-cuts.html (Mark Meadows) went onto the https://www.dailyfx.com (DailyFX) podcast and spoke with host https://twitter.com/MartinSEssex (Martin Essex). Now, we’re flipping that around and bringing Martin onto Limit Up! Martin is an analyst and editor over at DailyFX and has previously written for The Wall Street Journal, Reuters and the BBC.Jeff talks with Martin about all things Macroeconomics, the Euro and how it’s all coming back to rethinking capitalism. Their conversation was so good, we decided to split it into two parts. So enjoy part 1 of the show!Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [00:46] - This week: Martin Essex [02:04] - TopStepTrader 7th Anniversary [02:32] - MARKet Reaction with Mark Meadows [04:05] - Martin Essex introduction [04:32] - Jeff Carter Interview with Martin Essex[04:52] - https://www.dailyfx.com/ (DailyFX) - Forex Market News & Analysis [05:48] - How did you get interested in finance? [07:00] - What is the most intriguing thing to you about economics? [08:41] - Linking Finance & Macroeconomics - https://en.wikipedia.org/wiki/John_H._Cochrane (John Cochrane) [08:53] - https://en.wikipedia.org/wiki/Lawrence_Summers (Lawrence Summers) work in the World Bank, Clinton Administration and Economics. [10:11] - The work of https://en.wikipedia.org/wiki/Gary_Becker (Gary Becker) in social science and finance [10:50] - https://www.youtube.com/watch?v=pXNPxFNWg9g (The Challenge of Immigration: A Radical Solution) [11:16] - Where would you apply economics differently? [15:04] - Could Europe deconstruct the regulatory state like Trump? [17:45] - Relationship capitalism from https://en.wikipedia.org/wiki/Luigi_Zingales (Luigi Zingales) [18:08] - Worries about economic forecasting [19:24] - https://en.wikipedia.org/wiki/Bernard_Connolly (Bernard Connolly) & analysis of the Euro [20:45] - Combining economics and technical analysis [23:54] - Read up first if you are beginning to trade [25:32] - TopStepTrader allows paper trading
This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify)...
Today’s guest is certainly something special. If you’ve been in the trading industry for very long, there’s no doubt you’ve heard the name J.C. Parets before. J.C is the founder of All Star Charts, one of the most widely followed technical analysts in the industry. Jeff and J.C. cover a wide variety of topics from baseball to chess to wine while breaking down some of the most spot on technical analysis of the markets you’ll ever hear.However, before all that talk, Mark Meadows is back this week with his MARKet Reactions from last week. Lastly, July was TopstepTrader’s 7th birthday! We’re going to be celebrating the only way we know how: by giving you all some amazing gifts! So join us for the celebration and stayed tuned for more info about our birthday extravaganza!Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [00:42] - This week: J.C. Parets [01:07] - TopStepTrader 7th Anniversary [01:53] - MARKet Reaction with Mark Meadows [03:04] - J.C. Parets introduction [03:39] - Jeff Carter Interview with J.C. Parets[03:56] - https://get.allstarcharts.com/ (All Star Charts) [04:57] - So you grew up in Miami? [06:16] - How did being a pitcher inform your approach to the markets? [07:24] - Pitching is a chess game [09:07] - Did the discipline that you had to have pitching carry over to what you do today? [10:38] - How did you get interested in finance? [11:17] - Majoring in accounting [12:51] - https://en.wikipedia.org/wiki/Joshua_Brown_(writer) (Josh Brown) of Ritholtz Wealth Management [13:17] - Were you in the wealth management part of Merrill Lynch? [13:48] - With an accounting background you can understand the guts and glue of the business [15:38] - What is the difference between asset classes when using technical analysis? [15:54] - https://en.wikipedia.org/wiki/John_Murphy_(technical_analyst) (John Murphy), the father of inter-market technical analysis [17:39] - What sort of indicators do you look at to see the capital flows? [20:08] - When you see an indicator on a chart like that what is the period of time you'd expect to wait for the market to go that way? [21:02] - How do you use technical analysis to trade options? [21:41] - https://allstarcharts.com/about/meet-the-team/ (Sean McLaughlin) of All Star Charts [24:11] - Wedding planning & Honeymoons [26:29] - How has moving from New York to Sonoma hurt or benefited you? [30:03] - What types of institutions are your customers? [32:09] - https://www.koyfin.com/ (Koyfin) Data Analytics Platform for Investors [32:12] - https://www.thechartreport.com/ (The Chart Repor)t [33:10] - How do you respond to the criticism that charts are looking backward? [33:51] - How would somebody approach analysis tools to determine which would work for them? [36:44] - What do you think of tools like Market Profile? [37:56] - You are starting to make wine now, do you chart the grapes? [38:34] - What wine made you want to learn how to make it yourself? [39:52] - Pairing wine with food [44:46] - What if the Fed cuts rates, higher or lower? [45:00] - 2020 election year coming up, good or bad for stocks?
https://twitter.com/allstarcharts (JC Parets), who holds a Chartered Market Technician (CMT) designation, is the founder of https://get.allstarcharts.com/ (All Star Charts )and is one of the most widely followed Technical Analysts in the world. All Star Charts is a research platform for both professional and retail investors covering US and International stocks, interest rates, commodities and forex markets.JC’s work has been featured regularly on Bloomberg, CNBC, Fox Business, ABC, CNN, Wall Street Journal and many other financial media outlets around the world. You will often see JC as a speaker at some of the top investing conferences; he has also been invited to speak at Harvard, Duke,...
Today’s guest is a special one for Limit Up! as part of our birthday celebration this month, we thought it would be a great time to bring on our Founder and Chief Vision Officer Michael Patak. Michael takes us through his beginnings as a trader, his experiences being deep in the pit. Jeff and the differences trading on a screen. Finally, hear how Michael started TopStepTrader with a community focus and how, at its heart, the company is focused on making the individual trader feel a part of that community. This is a great conversation between two-battle tested veterans of the trading world. UPDATE: And if you'd like to hear the rest of the discussion, be sure to check out https://limitup.topsteptrader.com/episodes/bear-markets-crypto-and-humility-with-topsteptrader-founder-michael-patak (Episode 91: Bear Markets, Crypto and Humility. )BTW, as we mentioned above, this month is TopstepTrader’s 7th birthday! We’re going to be celebrating the only way we know how: by giving you all some amazing gifts! So join us for the celebration and stayed tuned for more info about our birthday extravaganza!Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [00:31] - This week [01:35] - TopStepTrader 7th Anniversary [02:25] - MARKet Reaction with Mark Meadows [04:06] - Jeff Carter Interview with Michael Patak[04:42] - Where were you on the floor? [06:00] - What interested you in trading? [08:23] - Why did you choose Dow over all the other pits? [08:53] - Do you feel like that market fit your personality? [09:58] - What did trading in the pit teach you that you can't learn on a screen? [12:08] - When you were trading what would limit your upside? [14:54] - Did you make the jump to trading on the screen? [16:35] - How do you manage the volatility difference between the screen and the pit? [17:33] - Do you find that having the pit experience impacts you on the business side of trading? [18:50] - How are you taking the trading floor community approach and applying it to TopStepTrader? [20:13] - What are you doing at TopStepTrader to make me feel like I'm not on an island by myself? [22:32] - What do you want TopStepTrader to become? [24:28] - What keeps you up at night? [26:05] - Do you have a lot of ex-pit traders that have come on to your platform? [27:42] - Where do you see the opportunities for people on TopStepTrader? [29:19] - What is the culture like working at TopStepTrader? [31:40] - How do you celebrate success and handle failure within the company? [35:44] - Did TopStepTrader raise venture capital? [36:55] - Do you find recruiting in Chicago better or not as good as other places? [38:02] - Do you have a rewards program to bring in new employees?
Michael Patak is the Founder and Chief Vision Officer of TopstepTrader and the Co-Founder of mobile trading platform BLUECHXP. Prior to founding TopstepTrader, Michael was a trader for several years. In 2015 has was semi-finalist and in 2016 a finalist for the Ernst & Young Entrepreneur of the Year Award. In 2017, Inc. Magazine ranked TopstepTrader No. 1,261 on its 36th annual Inc. 5000. You can find Michael on his own https://www.instagram.com/nebraska_mp/ (Instagram) and makes frequent appearances on the TopstepTrader https://www.instagram.com/topsteptrader/ (Instagram) account.This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME...
Welcome back to Limit Up!, the podcast exploring markets, trading strategies and psychology. That last word is so important to becoming a better trader that we have a very special guest for you, Dr. Mira Brancu, joining Jeff on the podcast this week. Dr. Brancu is a clinical psychologist with experience in risk management and leadership development. She and Jeff get deep into all these topics and more. Lastly, this week was the TopstepTrader company StepUp Day where we give back and volunteer to our community. So no MARKet Reaction or Wise Words from Jack this week, but don’t despair, both will be back for next Friday’s episode. BTW, did you know that this month is TopstepTrader’s 7th birthday?? We’re going to be celebrating the only way we know how: by giving you all some amazing gifts! So join us for the celebration and stayed tuned for more info about our birthday extravaganza!Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [00:42] - This week [02:48] - Jeff Carter Interview with Dr. Mira Brancu[03:27] - Mira’s experience emigrating from communist Romania to the US [07:19] - Life in Romania before emigrating [08:49] - Moving from New York, NY to Durham, NC [11:42] - Applying clinical training to leading teams and teaching others [13:18] - Improving efficiencies and performance with new processes [14:31] - Great psychologists put in flexible processes to improve the workflow [15:37] - Learning and developing emotional intelligence [18:11] - Pushing on even after you’ve hit the ceiling [24:56] - How product/market fit applies to risk management [25:39] - Insights from working with women developing as leaders [27:46] - Attracting diverse candidates for prestigious roles [29:52] - How can women prepare themselves to excel in traditionally male-dominated fields? [31:25] - How can men diffuse fears of mentoring women due to legal reasons? [38:10] - Pet peeves about networking [45:25] - Does balancing opportunities turn into a zero-sum game? [48:24] - What keeps Mira up at night [49:39] - Walking away from a project when you are failing
[54:53] - TopStepTrader Seventh Birthday Extravaganza
https://www.linkedin.com/in/mirabrancu/ (Dr. Mira Brancu) is a clinical psychologist, Deputy Director of a mental health research center for the Department of Veterans Affairs, Associate Professor of Psychiatry and Behavioral Sciences at Duke University's School of Medicine, and CEO of https://www.brancuassociates.com/ (Brancu & Associates), a women's leadership consulting company.This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd...
This week on Limit Up! Mark Meadows is back with this week’s MARKet reaction. Then Jeff brings on Henry Yoshida, the co-founder and CEO of https://www.rocketdollar.com/ (Rocket Dollar). Founded in 2018, Rocket Dollar is an innovative fintech startup putting the power to make investment decisions in the hands of the individual investor. Jeff and Henry discuss the impact the broader economic climate can have on a startup, the future of robo-advisors and the two sides to having a public profile as a CEO.Finally, our very own Jack Pelzer is here to give you a little hope with a traditional Irish trader blessing.Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [00:55] - This week [03:00] - MARKet Reaction with Mark Meadows [05:00] - Jeff Carter Interview with Henry Yoshida[05:13] - What was your career like after starting when the internet bubble blew up? [06:48] - What was is like to find a way to survive during times of economic stress? [07:32] - How your mind has to work to be successful [11:35] - Why did you become an RIA at that time? [16:12] - What are your thoughts on robo-advisors? [22:41] - Do you see the role of human advisors changing? [25:55] - Does Rocket Dollar work like a self-directed IRA? [29:40] - What are the tax differences between real and retirement money when investing in a startup? [34:55] - Why did you choose to go B2C when you had so much success with B2B before? [37:15] - Do you have the tools on Rocket Dollar to analyze real estate? [43:36] - Being a public vs private CEO [44:43] - What are the downsides and upsides to raising your public profile? [47:02] - What advice do you have for someone starting a startup? [49:33] - The importance of execution & focus [50:58] - What is your next big goal? [52:43] - How do you know when to quit?
[55:00] - Traditional Irish Trader Blessing with Jack Pelzer
Henry Yoshida is the co-founder and CEO of https://www.rocketdollar.com (Rocket Dollar). Prior to Rocket Dollar, Yoshida was the co-founder of Honest Dollar, a robo-advisor retirement platform that was acquired by Goldman Sachs, as well as a founder of MY Group LLC, a $2.5-billion assets under management investment firm. Henry graduated from The University of Texas at Austin and holds an MBA from both the Johnson School of Management at Cornell University and Queen’s University in Canada. He resides in Austin with his wife and two daughters.This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up!...
Welcome to Limit Up! This week we’re bringing you part 2 of our interview with Major General Karl Horst. Jeff sits down with the Congressional Medal of Honor Foundation President and U.S. Army Major General to discuss his final leadership principles. Join us for the conclusion of this incredible discussion covering communication, humor and how to manage expectations. And if you missed part 1, you can find it https://limitup.topsteptrader.com/episodes/what-an-army-major-general-can-teach-you-about-leadership (here).Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [01:51] - MARKet Reaction with Mark Meadows [03:50] - Jeff Carter Interview with Karl Horst part 2[03:51] - Leadership Tip #4: Be clear and concise in communication [05:47] - Leadership Tip #5: Manage expectations [08:16] - Does it matter how someone gets to the end goal? [10:37] - How do you handle the failure of a subordinate? [11:36] - Leadership Tip #6: Build a team [13:20] - Leadership Tip #7: Lead by personal example [15:53] - Leadership Tip #8: Be thoughtful of others [16:06] - Retired Army Chief of Staff https://en.wikipedia.org/wiki/Gordon_R._Sullivan (Gordon R. Sullivan) [18:15] - Migrating from an analog world into the digital age [22:15] - Leadership Tip #9: Don't forget where you came from [23:25] - Leadership Tip #10: Maintain a healthy sense of humor and use it liberally
Major General Horst’s book, Common Sense Leadership, can be found on https://www.amazon.com/Common-Sense-Leadership-Karl-Horst/dp/1498493556 (Amazon). You can find out more about the Medal of Honor Foundation https://themedalofhonor.com/ (here).This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
TopstepTrader has a very special guest for you this week. First up, though, Mark Meadows will take you through his MARKet Reaction for the week. Then, in the first of a two-part interview series, new Limit Up! Host Jeff Carter sits down with Congressional Medal of Honor Foundation President and U.S. Army Major General Karl Horst. They discuss how he’s taking lessons from his military career and bringing them to the corporate world through establishing boundaries, constraints and maintaining discipline. Sound familiar traders? Lastly, they end by discussing the connection between Jazz and leadership as well as the first 3 of General Horst’s leadership principles.Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [00:30] - This week [02:03] - MARKet Reaction with Mark Meadows [03:38] - JeffCarter Interview with Major General Karl Horst[04:04] - Why did you go to West Point? [06:52] - Where did you grow up? [07:33] - Common Sense Leadership [08:06] - How does military training relate to leadership? [09:21] - Is there room for creativity within boundaries, discipline, and constraints? [10:30] - Leadership is like jazz music [12:44] - Making the leap to the next level [14:52] - How do you take inventory of yourself? [16:48] - You have to have vision [17:21] - Effort vs passion [18:21] - Tourists and Pilgrims [19:17] - Leadership Principle #1: Live by a set of values [22:07] - Leadership Principle #2: Have an ethos to guide your daily activities [24:08] - Leadership Principle #3: Maintain situational awareness [25:24] - Dick Duchossois [26:58] - Robert Nett
[28:43] - Outro
Major General Horst’s book, Common Sense Leadership, can be found on https://www.amazon.com/Common-Sense-Leadership-Karl-Horst/dp/1498493556 (Amazon). You can find out more about the Medal of Honor Foundation https://themedalofhonor.com/ (here).This episode of Limit Up! is hosted by https://www.linkedin.com/in/jeffreyrcarter/ (Jeff Carter). Jeff is a general partner at https://www.westloopventures.com/ (West Loop Ventures). In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast...
What’s it like to watch an options exchange grow in value several two orders of magnitude? You’re about to find out as this episode of Limit Up! Introduces its new host: Jeff Carter. Jeff is an accomplished trader, investor, advisor and former board member of the Chicago Mercantile Exchange. He’ll be joining Limit Up! As our new permanent host starting next week. This week on Limit Up! is all about the Fed: the screens are green with Mark Meadows and his MARKet Reaction then Danny & Hoag breakdown the ripple effects from the Fed changes. If all that was enough to knock on off your feet and into a bottle of your favorite whiskey, you came to the right place because Jack is back with his comfy couch and some words of wisdom in this weeks Trader Therapy.Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [01:02] - Jeff Carter Introduction [04:19] - This week [05:22] - MARKet Reaction with Mark Meadows [07:23] - Danny & Hoag: Fed Meeting Fallout[08:07] - Understanding what the Federal Reserve is [10:52] - The ripple effect of rate adjustments [19:13] - Reacting to rate adjustments
[23:18] - Trader Therapy with Jack Pelzer
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
Another week and the markets are still the markets. This week Mark walks us through his feelings on gold. Danny and John then discuss keeping your emotions in check and how sometimes just stepping away is what you need to regulate yourself. Finally, Jack Pelzer channels his inner Cramer (not Cosmo, Jim) to bring you this week latest segment: Kooky Currency. Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [00:40] - This week [01:32] - MARKet Reaction with Mark Meadows [03:22] - Danny & Hoag: Fed Rate Expectations & Economic Releases [04:23] - Buy the rumor, sell the news [06:21] - Exposure trading outright [08:12] - Emotion is not a rational strategy [13:36] - Finding extremes & timing [17:22] - Watching for volatility and liquidity [20:11] - Stay flat and take a step back [25:24] - Conclusion [25:55] - Kooky Currency with Jack Pelzer
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/)If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
Limit Up! is back with another dose of market analysis, trading strategy and...Jeopardy? This week Danny Hodgman and John Hoagland discuss the latest Jeopardy uber-champion and how he kept winning by sticking to his game plan, something that rings true for traders as well. As always, our very own Mark Meadows is back with his MARKet Reaction. Finally, Jack Pelzer brings you into his office for this week's Trader Therapy.Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [00:35] - This week [01:49] - MARKet Reaction with Mark Meadows [02:55] - Danny & Hoag: A look into James Holzhauer’s Jeopardy run [05:00] - Sticking to a plan even if it doesn’t guarantee a win [06:17] - Always manage your expectations & your risk [06:32] - “Barney-style” - don’t overlook the power of keeping it kid’s book simple [08:17] - Learning the heartbeat of your market [12:38] - How to recognize changing market states when you’re new to the industry [15:53] - You gotta have the Daily up [19:16] - Watching your risk tolerance with increased volatility
[23:20] - Trader Therapy with Jack Pelzer
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
Welcome back to the new Limit Up! Listen in to get this week’s MARKet Reaction with our very own Mark Meadows, hear Danny Hodgman and John Hoagland talk about Market Profile and stick around for Trader Therapy with Jack Pelzer. Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [01:01] - This week [02:24] - MARKet Reaction with Mark Meadows [04:12] - A look at Market Profile with Topstep’s Danny & Hoag[04:55] - Hoag’s favorite way to look at the market [08:21] - What makes Market Profile different than looking at the usual charts [09:48] - How Market Profile shows time spent at a given price [13:56] - What to do for the overnight session [16:37] - What about Volume Profile? [18:19] - Everybody’s got a system; what works for you may not for me and that’s ok! [21:19] - Hoag's history w/ MP - introduced to it by his dad in 8th grade [21:48] - Tim Dalton's Mind Over Markets (auction Process) [22:34] - Why markets today aren’t all that different from when early traders were bartering with pelts in caves [23:25] - the importance of geography in the trading pits [25:18] - The ultimate edge: consistency in your decision-making process [27:40] - Strangles and straddles [30:06] - It's all an auction process
[30:32] - Trader Therapy with Jack Pelzer
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
Welcome to the new Limit Up! This episode marks the beginning of a few show changes we’ll be rolling out over the coming weeks. We’ll be covering our new call-in line for listeners of the show to call in with questions for us, our latest MARKet reaction as well as our performance coaches, Danny & Hoag, breaking down how you should be approaching your summer trading.So if you get a chance, give us a call and let us know what you think of the job we’re doing, the podcast or anything trading related! [00:41] - Introducing the new Limit Up! format [01:39] - We want to hear from you! Listener Grab Bag (855-902-0331) [02:16] - MARKet Reaction [04:09] - What to expect this summer with Topstep’s Danny & Hoag [05:54] - Don't chase money on Friday afternoon [08:44] - This will still be an active summer for trading [09:15] - There’s always opportunity. Remember to take a break [10:28] - Checking markets on vacation; do or don’t? [13:00] - Keeping connected with daily WSJ & coffee [13:30] - The news doesn't stop so just be cautious [16:09] - Summer plans -- Ozark's & babies [17:11] - Trader Therapy segment teaser
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
John Kicklighter is a trader and the head analyst at DailyFX, which provides market commentary for traders, by traders. In this LimitUp! Rewind, John talks about lessons he's learned trading equities, options, futures and forex and why he believes forex trading presents the best opportunities for retail traders. He also goes over factors influencing the U.S. Dollar and why he believes the trade war will cause the U.S. Dollar to weaken. [04:12] Connection between Trump’s opinion on the dollar affected 2018 performance of Forex [06:21] The US Dollar...what do you see down the road? [08:07] Future of China trade tariffs [09:07] The Fed & EU vs USD [11:25] How do you look ahead for that next trade? [13:22] How do you make sense of all the Geo-political risk and its effects on the market? [14:24] How are central banks like Bank of England/ ECB driving prices? [17:07] Are the markets looking towards the election here in the US? [18:57] What's a good process for thinking about correlating markets? [21:16] What to look for with correlating markets? [23:27] Why do so many retail Forex traders struggle? [27:40] What are some of your favorite technical indicators or setups? [32:10] How do you get time-frames & technicals set up for a trade? [33:25] If you had one technical to set up, what would it be and why? [35:05] If you could only trade one product, what product would you trade? [37:23] Break down your scariest trade. [40:45] What's your best advice for new traders?
You can find John on https://twitter.com/JohnKicklighter (Twitter) as well as over at https://www.dailyfx.com/authors/bio/John_Kicklighter (DailyFX).Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
Dr. Kenneth Reid remembers the first day he made $5,000 trading. That was followed shortly later with a day he lost $30,000, sending him down a spiral that eventually led him to lose $130,000 in the markets. As he dug deeper into the psychology behind his trading, he realized that he was trading in an addictive manner, without a well-defined written method. Now, Dr. Reid preaches deliberate trading practice that focuses on the process, not the outcome. If your process is good, the outcome will follow. [02:48] - Dr. Kenneth Reid background [05:59] - Finding the psychology connection [07:37] - What's your trading style? [09:25] - Why trading on a simulator is crucial [11:35] - Traders need a method that they can explain in 5 seconds [13:52] - Approaching sim trading to make it as real an experience as possible [15:16] - How to view sim trading as an experiment without getting frustrated [16:06] - How long should someone be in a simulator? [18:31] - Getting off on the right foot with a real money account [19:56] - Keys to smart sim trading - Principle #1 [21:40] - Keys to smart sim trading - Principle #2 [22:19] - Keys to smart sim trading - Principle #3 [24:08] - Keys to smart sim trading - Principle #4 [30:02] - Keys to smart sim trading - Principle #5 [31:48] - Keys to smart sim trading – RECAP [34:45] - What's the scariest trade you've ever made? [37.05] - What piece of advice would you give yourself if you could go back in time? [39:11] - Where can people find you online?
You can find more about Dr. Kenneth Reid at https://www.daytradingpsychology.com (https://www.daytradingpsychology.com).Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
To trade well, you have to make good decisions. But we are irrational and impulsive. That's why we need rules. In this Rewind episode, trader and trading coach John Hoagland talks about his cardinal rules of trading. Rules which he honed on the floor of the CME for more than a decade and that still serve him well in his electronic trading today. [03:02] Hoagland’s cardinal rules of trading [03:53] Applicability to electronic trading [05:13] Remembering the rules as you trade [07:11] Rule 1: Prices do not have to do anything [10:32] Rule 2: See Rule 1 [11:40] Rule 3: Learn to function in a tense, unstructured, and unpredictable environment [13:42] Rule 4: Keeping a journal [16:44] Rule 5: Find your trade; trade your plan [17:26] Why people hesitate on their plans [19:54] Rule 6: Follow the signals, not the cents
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
In this Limit Up Rewind, Larry Benedict, trader and founder of OpportunisticTrader.com, shares the keys to building his trading fortune, some of which defy conventional wisdom. Larry is someone that by all measures probably should not have made it as a successful trader. Yet after repeatedly failing, he stuck with his passion for trading and, critically, learned from each setback. In this episode hear Larry talk about: [03:49] How he got started on the floor of the CBOE [07:32] What made him think he could be a good trader [10:46] Why discipline and management are critical to success [12:43] What advice would he give to himself as a young trader [15:42] How he developed his “2% Rule” [20:32] The value of ‘collecting base hits’ versus ‘swinging for the fence’ in trading [22:50] How to know when you have a market that matches your trading style [26:00] The danger of having a gambler's mentality [31:09] Creating OpportunisticTrader.com [40:04] His best piece of advice for someone getting started in electronic trading [41:57] The scariest trade he ever made
Follow https://twitter.com/opptrader1 (@opptrader1) to learn more https://opportunistictrader.com/ (OpportunisticTrader.com), where Larry and other prominent traders share real-time trade ideas and insights.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts),https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw ( Google Podcasts),https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ ( Spotify) orhttps://feeds.transistor.fm/limit-up ( wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review inhttps://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 ( Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
In this REWIND episode of Limit Up, we’re taking a look back on Eddie’s chat with Tony Saliba when they discussed bouncing back from a big loss, becoming disciplined, and working up the corporate ladder. Tony Saliba, CEO, and founder of Matrix Holding Group is a seasoned trading professional with an impressive track record, having once made a six-figure profit every month for 70 months straight. This is a stark difference from some of his early trading, where he lost nearly everything in just six days, which ultimately gave him the skills he needed to become so successful in trading. Tony is also the author of Managing Expectations and has trained many successful traders in varying types of markets, all over the world and leads a broker-dealer in a trading technology group. Hear Tony talk about: [03:20] Getting a Start as a Caddy and Accountant [09:25] Gaining 50% and Losing 80% [19:07] Doing Homework [21:10] Perfect Practice Makes Perfect [23:00] Mentorship in Trading [27:56] Goal Setting for Intended Targets [33:42] Picking a Strategy [38:32] Discipline in Trading [43:52] 70 Months of Six Figure Trading Profits
Check out Tony on Twitterhttps://twitter.com/AnnieDuke ( )https://twitter.com/ajsmarketwizard?lang=en (@ajsmarketwizard)Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or https://feeds.transistor.fm/limit-up (wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
In this Limit Up Rewind, Annie Duke, best-selling author, and former professional poker player, dives into why decision making can be so tough and discusses the importance of probability when it comes to pulling the trigger. While Annie Duke may be known best for her victories in professional poker, still holding the title for only female to have won the World Series of Poker Tournament of Champions and NBC National Poker Heads-up Championship, she is also an esteemed corporate speaker and an author of five books with her most recent and only widely released book becoming an instant bestseller. [02:45] Why our decision-making is so flawed [05:09] Decision-making evolves as humans do [05:33] How efficiency is often valued over accuracy [08:48] Pete Carroll and the “worst decision in football history” [17:09] We’re all “resulters” - thinking the outcome changes the quality of the decision [18:04] Thinking in terms of probabilities as the key to living with bad outcomes [21:23] Decision paralysis when not embracing uncertainty [23:17] How to be more consistent in decision-making [29:05] Having a bias vs. being objective [33:35] Physical and mental cues that inform our decision-making [43:52] Leaving your ego at the door [48:55] How to sharpen quick-thinking [54:14] Annie’s pre-competition routines [56:31] Managing losses [1:01:08] Learning from failures [1:03:33] Are some people luckier than others?
Keep up with Annie on Twitterhttps://twitter.com/AnnieDuke ( @AnnieDuke) or through her websitehttps://www.annieduke.com/ ( https://www.annieduke.com/). Also, be sure to check out https://howidecide.org/ (HowIDecide.org), the educational nonprofit Annie cofounded, which is dedicated to ensuring students are equipped to be better decision-makers in the modern world and throughout their lives.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or https://feeds.transistor.fm/limit-up (wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
https://twitter.com/faithmight (Lydia Finkley) has a unique - and all too common - story. She was introduced to trading by her mother, an unusual start to a professional forex trading career. But from there, Lydia went through all the normal growing pains of a professional trader. She blew up two accounts, in short order, before scaling back drastically in her third. That's when she started to learn a lot about herself and the market. Since then, she's put a number of controls in place to ensure that she never experiences a loss like that again. [03:21] Getting the Trading Bug [05:34] Learning the Markets [08:41] Getting back on track after unsuccessful trades [11:22] Checking on the market at particular times [15:33] Finding a trading strategy [18:22] Cash as a position [22:23] What to do when you’re in a position you shouldn’t be in [24:16] Starting out in electronic trading [26:14] Scariest Trade vs. Best Trade
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or https://feeds.transistor.fm/limit-up (wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
In this “Best of Limit Up!” rebroadcast, hear Mick Ieronimo, TopstepTrader’s risk manager, discuss his experience entering the trading world, the value of trading your own money, and how he became a risk-minded trader. While these days Mick helps manage firm assets across more than 175 traders worldwide, he got his start trading his own account as the trading assistant under Market Wizard Linda Bradford Raschke.[03:53] How Mick got his start in trading [06:17] Clerking in the wheat and corn pits[10:22] Determination to trade his own account[13:42] Risk management as the number one role for a trader[14:42] Having a plan vs flipping a coin[18:25] The hardest loss Mick ever took as a trader[22:21] Deadliest sin in trading; how greed sneaks up on you[26:59] Trading bigger than you should [28:46] Money as a byproduct of good trading [29:31] Working with Linda Raschke [32:54] The future of electronic trading Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or https://feeds.transistor.fm/limit-up (wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
In this “Best of Limit Up!” rebroadcast, hear Dr. Brett Steenbarger discuss his latest book, Trading Psychology 2.0, as well as some of his best tips on avoiding common pitfalls and how to keep a trading journal as a way to learn from trading mistakes. Dr. Brett Steenbarger is a multifaceted trading coach that specializes in the psychology of trading, having published four books and maintaining a blog on the subject. He also holds the position of Clinical Associate Professor at The State of New York College in Syracuse, New York. [03:56] What makes the best traders the best[05:57] Being self-aware in trading performance[07:36] Red Flags[11:42] Passion for trading vs. passion for markets[14:54] Core elements for a successful trading journal[24:07] Work, family, and personal life balance[24:47] Trading psychology 2.0 as an update on first book[25:36] What’s changed his thoughts on applied trading psychology[27:47] Open outcry vs. electronic trading[29:39] Common pitfalls: overtrading[31:20] Common pitfalls: not sticking to lost limits[33:06] Common pitfalls: overconfidence[34:56] Common Pitfalls: accepting losses[37:21] Dwelling on losing trades[38:56] One thing you’d tell your past self about trading[41:55] How to detach from markets[43:04] Growing a small trading account[44:40] Impatience in trading[45:58] Most important characteristics of a traderCheck out Dr. Brett Steenbarger’s Blog at http://traderfeed.blogspot.com/ (http://traderfeed.blogspot.com/) and on Twitter https://twitter.com/steenbab?lang=en (@steenbab)Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or https://feeds.transistor.fm/limit-up (wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
On this special episode and Season 1 Finale of Limit Up!, John Hoagland and Mark Meadows talk with https://twitter.com/LindaRaschke?lang=en (Linda Raschke) about her https://lindaraschke.net/trading-sardines/ (newest book “Trading Sardines”) and some of her personal highlights as a trader, including how she recovered from some of her biggest trading losses and how she built up the stomach for outlier events. Linda Raschke is a successful active trader and money manager with an impressive track record of almost forty years and an esteemed profile with Market Wizards. She is also a returning guest to the show. In Linda’s third second appearance on Limit Up!, hear her take on:[03:49] Her latest book Trading Sardines[06:07] What a formula for success looks like[08:02] Creating communities in trading[10:46] The importance of correcting mistakes immediately[13:17] Having the stomach for a big loss[15:23] Surviving outlier events[17:10] Investing in hogs when Swine Flu hit[19:05] How to manage emotions when trading[23:57] Watching the volatility in your bottom line[25:46] Why you might ignore your P&L after a big loss[28:16] Having a process and staying accountable[31:31] Finding success after a period of losses[33:19] Staying in the gameBe sure to catch up with Linda Raschke on Twitter https://twitter.com/LindaRaschke (@LindaRaschke) and get a preview of her new book at https://lindaraschke.net/ (lindaraschke.net). Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or https://feeds.transistor.fm/limit-up (wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
Tim Racette is a day trader of the E-mini futures markets and swing trader of stocks. He openly shares his methods throughout the trading community and is a regular speaker at the TradersEXPO’s. This week he talks with host Eddie Horn about the importance of setting realistic expectations when getting started in trading, risk assessment as a core competency and the value of staying focused on a clear vision. Listen to Tim’s take on: [05:52] How he got started trading [10:35] Good routines around premarket prep [14:25] Market growth and opportunity [17:57] Fair warnings for new traders [22:00] Tips for getting back on track after a failure [33:43] The importance of a trading journal [37:43] Top 3 traits that make up a winning traders mindset [43:10] Being intentional in building good trading habits [46:10] Keeping things simple, clarifying ideas and stepping away from trading on occasion to remain consistent through different market conditions [48:38] Using trading windows, time away and mindfulness to keep focused during the trading day [52:10] The Eddie Question: What’s your favorite saying and why?
Be sure to catch up with Tim through https://eminimind.com/ (Eminimind.com) or find him on https://twitter.com/EminiMind (Twitter), https://www.facebook.com/EminiMind/ (Facebook) and https://www.youtube.com/user/EminiMind (YouTube) @eMiniMind. Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or https://feeds.transistor.fm/limit-up (wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
Daniel Ameduri is co-founder of the Future Money Trends newsletter, an authority for financial freedom and economic research in commodities, cryptocurrencies, personal finance, and income ideas. This week he joins host Eddie Horn to talk about how his financial journey started, basic financial market education and the future of cryptocurrencies.A self-made multi-millionaire, Daniel also has a YouTube channel, Future Money Trends, that has received 10 million video views. He’s also been featured in The Wall Street Journal and ABC World News. Hear Daniel talk about: [03:09] Where his financial journey got started [05:02] How to know what to invest in or if you should invest [08:01] Wealth prospects for the average person trading the markets [10:36] How to know what kind of stocks to invest in [13:08] What to focus on most when the markets are forever changing [16:44] Top 3 trends in the stock market right now [19:52] Trends with cannabis stocks [25:49] The relative perceived safety of Stocks vs Bonds [28:19] The main reason stocks have been heading up for years [29:50] What’s behind the improving economy [33:30] Futures and Commodities markets to watch this year [39:52] The perception that investing is a rigged game [43:52] What it takes to recover from a bad investment and try again [47:28] The future of Bitcoin and cryptocurrencies [51:55] What to teach your kids about money [56:20] Why he chose not to go to college [1:00:29] Eddie Question: What and when was you biggest “a-ha” moment or revelation?
You can find Daniel and learn more about his new investments at https://www.futuremoneytrends.com/ (futuremoneytrends.com).Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or https://feeds.transistor.fm/limit-up (wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
https://www.linkedin.com/in/ben-lichtenstein-3482009/ (Ben Lichtenstein) joins Eddie this week to chat about the role emotion plays in trading, how to identify when you're trading with emotion and some tips & tricks about how to manage your emotions while trading.Before joining TD Ameritrade, Ben spent 25 years on the floor of the Chicago Mercantile Exchange. Ben has been a guest on several popular news shows including CNBC, Bloomberg TV, Bloomberg radio and has been published in numerous periodicals including Futures Magazine and Stocks and Commodities.Hear Ben talk about: [08:00] The least smart, most emotional trading decision he’s ever made [11:41] His take on trading with emotions and how to get past emotional trades [15:13] Managing emotions with a regular, consistent routine [21:33] The characteristics emotionally mature traders possess [28:33] Understanding the importance of controlled emotions [37:04] How to recognize when emotions are putting themselves in front of trading execution [41:40] Tools to help harness emotions when trading [50:51] His May 6th, 2010 Flash Crash play by play and the emotions he experienced at that time [1:00:57] The Eddie Question: What have you read online recently that has inspired you?
You can find Ben throughhttps://tdameritradenetwork.com ( TD Ameritrade Network) or via onhttps://twitter.com/futuresben_tdan ( Twitter) orhttps://www.linkedin.com/in/ben-lichtenstein-3482009/ ( )email.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or https://feeds.transistor.fm/limit-up (wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
https://twitter.com/stocktcm (Moritz Czubatinski) joins Eddie this week to dig into one of the simplest and most beneficial tools a trader can use to improve their trading performance: the trading journal. And as the Co-Founder of https://edgewonk.com/ (Edgewonk), a professional trading journal, it’s a topic Moritz knows well. Before co-founding Edgewonk and https://www.tradeciety.com/ (Tradeciety), a community by traders for traders, Moritz studied philosophy in Germany, became a professional poker player and then applied his gambling skills to trading while traveling around the world, mainly through China and South East Asia.Check out Moritz’s take on: [05:12] What concept fueled the creation of Edgewonk [07:34] The importance of having a personal trading journal [08:29] Lessons learned to keep a poker journal [10:15] The most important stats to integrate into a trading journal [12:43] What role does gut instinct play in trading [15:46] What are some tools, used for a good journal [20:30] A trading diary vs a stats-based journal [23:09] Some good reminders to take valid setups [28:51] Luck as a factor in poker or trading [31:22] Different type of trading journals - learning, trading and psychological [33:00] A breakdown of a well-compiled journal [35:40] One thing every trader should have with them every day, beside a trading journal
You can find Moritz through https://edgewonk.com (edgewonk.com) and https://www.tradeciety.com (www.tradeciety.com) or on https://twitter.com/stocktcm (Twitter) or https://www.instagram.com/stocktcm (Instagram) as #stocktcm.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or https://feeds.transistor.fm/limit-up (wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.https://www.dante32.com/ (Podcast episode production by Dante32.)
This week Eddie talks with recognized futures trading expert, Erich Senft about the keys to successful trading including why it’s so important to carve out a unique strategy that works for you. Erich is a registered CTA (Commodity Trading Advisor), designated Trader Kingdom Expert, trading teacher, coach, and President of https://www.indicatorwarehouse.com/ (Indicator Warehouse). [04:26] How Erich got his start in the trading world [05:40] What markets to follow and why [11:03] Adapting to market changes [15:23] Which indicator to use and why [21:17] Erich explains his dislike of risk/reward ratios [28:50] What Erich considers Wallstreet’s best-kept secret [34:43] The mindset a successful trader needs to have [40:19] Erich discusses some of the problems you see when coaching traders [45:01] Erich summarizes his viewpoint on the keys to successful trading
You can find Erich through https://www.indicatorwarehouse.com/ (IndicatorWarehouse.com), on Twitter https://twitter.com/IndicatorWH (@IndicatorWH) or email him directly at erich@IndicatorWarehouse.com.Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or https://feeds.transistor.fm/limit-up (wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show.
Eddie takes a deep dive into the 2019 market direction with https://twitter.com/davidmoadel (David Moadel), Chief Analyst and Opportunity Researcher for https://www.portfoliowealthglobal.com/ (PortfolioWealthGlobal.com). In this wide-ranging discussion they cover everything from the likelihood of a near-term recession to a potential US-China trade deal, to retirement planning in the current market. [03:43] The likelihood of recession in 2019 [09:34] Drivers of inflation right now [11:52] Why there is so much talk about the markets crashing again [14:23] How a conventional trader should view algorithmic trading [18:06] Where growth and safety-minded investors can get consistent yield and persistent earnings [21:45] The importance of portfolio diversification and variety in this market environment [26:19] Other markets that would coincide with David’s direction on Gold [31:37] David’s report on the US Bonds being toxic [34:09] The potential US-China trade deal on the horizon, and what investors can expect [37:05] Topics discussed at Portfolio Wealth Global [44:00] Things to think about when nearing retirement [47:38] The Eddie Question: If Hollywood called and wanted you to make a movie, what kind of movie would it be and who would star in it?
Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. https://www.topstep.com/risk-disclosure/ (Risk Disclosure: https://www.topstep.com/risk-disclosure/) If you'd like to receive new episodes as they're published, please subscribe to Limit up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or https://feeds.transistor.fm/limit-up (wherever you get your podcasts). If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)
Mick Ieronimo, Risk Manager for TopstepTrader, joins Eddie Horn this week to talk about his work with Topstep’s funded traders. Mick dives into what it takes to get a Funded Account™, tips for successful trading, what trips up good traders and how to avoid self-sabotage. [02:32] How Mick’s first visit to the wheat pit at the age of 12 led to his career in trading [06:44] Mick talks about his role as Risk Manager at TopstepTrader [10:15] What characteristics Mick looks for in traders for the team [13:32] The importance of starting slowly with low-risk trading [15:47] Best ways to carry success from the Trading Combine® into a Funded Account™ [25:39] How to find a market that fits and when to know a market isn’t right for you [33.50] What a trader should do after putting up a large winning day [37:45] And after a large losing day? [40:37] Mick give his thoughts on having a trading buddy [43:54] Mick’s top 3 tips for any trader trying to get funded[44:16] Knowing when to refine a trading strategy [45:13] Limiting your losses [46:00]Remembering to have fun
[47:03] On the importance of keeping a trading journal [49:15] The Eddie Question: You’re throwing a party. What’s the theme of your party? What are you serving? Besides family and friends, you can invite any 3 famous people, past or present. Who would they be?
https://www.dante32.com/ (Podcast episode production by Dante32.)
This week Tracy Shuchart joins Eddie Horn as they dive into all the latest crude oil trading news. Tracy is an independent trader specializing in the energy markets. You can find her on twitter http://www.twitter.com/chigrl (@chigrl) and as a contributing expert at http://opportunistictrader.com (opportunistictrader.com). [01:44] What are your thoughts on where crude is moving? [05:51] Looking at technical analysis when deciding what to trade. [07:20] What type of trader best suits trading crude oil? [08:27] What’s the best time of day trade crude oil? [08:49] Tracy’s process for deciding her trade entries. [11:08] Should you trade based on comments/tweets? [13:41] Tracy’s thoughts on Saudi Arabia looking to leap the $50/$60/$70 barrels and to see a target $80? [15:22] How much of an impact does Russia really have on OPEC? [17:21] Tracy’s take on talk of Canadian reserves. [19:54] How closely do we need to watch weekly updates and government/cartel reports? [21:12] Why are the news wires expressing a slide in crude all the while we see WTI and Brent rising higher?
Community Questions: [23:17] Do you prefer scalping or playing crude oil as a momentum play? [23:55] Do you actively look at the WTI/Brent spread or it's more of just a thing to observe nowadays? [24:20] How much do algorithms play a part in your trading, if any? [24:56] What are some of the other markets you trade and why? [25:40] Eddie Question: If you won 1 million dollars but must spend it in an hour, how would you spend it?
https://www.dante32.com/ (Podcast episode production by Dante32.)
This week Eddie Horn chats with 6-year TopstepTrader veteran Nick Dolby about his experience passing the Trading Combine®. Nick speaks openly about coming back from failure, how his scariest trades were any that were set to get him funded, and he gives some Trading Combine® tips for earning a Funded Account™. [03:25] Picking yourself back up after a failure [08:30] What to expect when signing up for a TopstepTrader Trading Combine® [10:17] Why the first step to getting funded, is not to think about getting funded [12:58] Nick talks about how his idea of discipline has evolved over his trading career [16:49] Finding trading styles that work for you In this week’s round of Eddie Horn’s rapid-fire bonus questions, Nick reveals:[21:28] his favorite book on trading [22:26] what legendary trader he would love to study under [23:54] his one-word summary of society today
To learn more about Nick’s experience with the Trading Combine®, find him in the https://www.facebook.com/topsteptrader/ (TopstepTrader Facebook) group or send him an email at dolbytimetrading@gmail.com.https://www.dante32.com/ (Podcast episode production by Dante32.)
Eddie Horn talks with Matt Davio, former fund manager and current private investor with more than 30 years trading experience. Matt is also the founder of the http://marketprofiletradingacademy.com/ (Market Profile Trading Academy) and in this episode he answers the most pressing questions traders have when using Market Profile, including some questions coming straight from the Topstep Trader Facebook community. [03:22] What is Market Profile? [05:41] How is Market Profile set up? How do you read a Market Profile chart? [07:39] Why has Market Profile worked for so long? [10:30] Market Profile vs Volume Profile? [11:34] Are there any certain products that Market Profile works better for? [12:31] What is the Point of Control and how should we use it? [15:37] Is there a best time for Market Profile? [18:49] What other market data does Matt Davio like to watch and use? [20:44] What is a traders biggest mistake? [25:34] What are some basic trading rules every trader needs to know? [37:32] Can we scalp using Market Profile in such a volatile market or should we just use it as a reference tool? [39:13] How do you apply Market Profile to a night session? [41:17] When trading a trend day on the Market Profile and you don’t get in early where do you look to enter and how do you define your risk? [44:41] If Matt Davio hosted a dinner for any 3 historical figures alive or dead who would he invite and what would he serve?
https://www.dante32.com/ (Podcast episode production by Dante32.)
In the second of a two-part special episode, Eddie Horn takes a look back at our first 50+ episodes; pulling highlights from some of the fantastic conversations he’s had with some of the biggest names in the trading world. [00:39] Michael Patak -- on lessons learned about practice, having a plan and how he turned his trading around [11:23] Anthony Crudele -- on how he overcame early losses to become successful [18:20] Anne-Marie Baiynd -- on why consistency is the key to being consistently profitable [22:22] Saul Shaoul -- on recommendations for trading day preparation [29:27] Annie Duke -- on decoupling the outcome from the decision-making process
https://www.dante32.com/ (Podcast episode production by Dante32.)
In the first of a two-part special episode, Eddie Horn takes a look back at our first 50+ episodes; pulling highlights from some of the fantastic conversations he’s had with some of the biggest names in the trading world. [00:47] Jack Schwager -- What goes into good trading [03:42] Brett Steenbarger -- What is it about successful traders that makes them successful [11:39] Linda Raschke -- Traders need to look at it as a profession over years of experience [15:33] Tony Saliba -- Kicking bad habits and creating a goal [24:36] Larry Benedict -- What is the makeup of a great trader
https://www.dante32.com/ (Podcast episode production by Dante32.)
In this episode, https://www.alexandertrading.com/ (Tom Alexander) goes in depth on the benefits of viewing markets through the lens of the auction process, using the market profile chart as a tool for viewing the auction and analyzing the market and outlines the common denominators of successful traders. [06:53] - Despite all the changes in the market over time, the auction process hasn't changed; which the market profile chart reveals, making it the most robust and objective way to analyze the market. [08:15] - Why Market Profile should be used as a tool for understanding the market and not as a trading system [16:32] - The number one reason traders fail is confirmation bias - they get overly invested in their beliefs Common Denominators of Successful Traders:[18:23] - They remember the goal is to be a profitable trader, so stay open minded and not overly invested in their beliefs [20:19] - Resist confirmation bias and keep robust records of all trades, even the losing ones [23:53] - They’re patient and trade opportunistically rather than relying on trading a single market
[26:56] - Why it's important to focus on the fundamentals... the blocking and tackling of trading [29:22] - How information overload has changed trading
To learn more about Tom and Alexander Trading check outhttps://www.alexandertrading.com/ ( www.alexandertrading.com). https://www.dante32.com/ (Podcast episode production by Dante32.)
Having learned some hard lessons himself, Michael Lydick has dedicated his career to educating and helping traders become and stay successful through changing markets. In this episode, Michael talks with Eddie about recovering from an account blowout early in his trading career, the biggest challenges traders face and common mistakes new traders make. https://www.dante32.com/ (Podcast episode production by Dante32.)
With the explosion in the price of Natural Gas and the collapse in the price of Crude Oil, now was a natural time to talk to Irina Slav, a writer for OilPrice.com with more than a decade of experience in writing and research in energy prices. Irina talks about what's driving the price of Oil lower, why OPEC is becoming ineffective and trends in production, both in the U.S. and overseas. If you are looking for a primer on energy prices or to hear what the insiders think, this interview with Irina is a great place to start. https://www.dante32.com/ (Podcast episode production by Dante32.)
One thing was clear after our interview with 30-year options and futures trading veteran Brian Lund: he has a solid view of his trading strategy and the why behind it. Without those two things, it would be very hard to making a living and career out of trading. In this interview, host Eddie Horn talks to Brian about how he got started trading, his approach to finding a strategy and why he is so methodical about position sizing. https://www.dante32.com/ (Podcast episode production by Dante32.)
Peter Davies, founder of Jigsaw Trading, day trades the S&P 500 and helps traders by designing analytics and other trading tools. In this episode of Limit Up!, Eddie Horn and Peter talk about the worst thing to do when trading during heightened volatility, the appeal of futures over stocks, and the importance of having a consistent approach for trading volatility. https://www.dante32.com/ (Podcast episode production by Dante32.)
Ray Burchett, Co-Founder of Accelerated Intelligence LLC and creator of the Intuitive Development Training, shares lessons learned over his 30 years of trading and a trader development experience with Eddie Horn. Ray defines his Golden Rule for trading, the top three elements of focus for successful traders and explains the importance of High Intuitive Function and how it differs from instinctive behavior. https://www.dante32.com/ (Podcast episode production by Dante32.)
Trent Clark, served over 10 years in professional baseball as Director for Human Performance Development with the Detroit Tigers, two-time American league champion Cleveland Indians and the World Champion Los Angeles Angels of Anaheim. His development, management, mentorship, training, and leadership education came from coaching greats such as Sparky Anderson, Tom Izzo, Nick Saban, Mike Sosa, and Joe Madden. Trent shares the lessons he’s learned about the importance of setting goals, putting in the time, and recovering from setbacks. “There are two pains in this life; the pain of discipline or the pain of regret. You choose which one you want.” https://www.dante32.com/ (Podcast episode production by Dante32.)
Over 30+ years trading, Saul Shaoul has found himself in a number of trades and situations - some of which he'd like back. Saul digs into three of his scariest trades and the lessons they taught him. He also digs into practical lessons he teaches traders every day, like why you should never have more than three losing trades in a row in a single day, and how you should set up your trading day. And he continues to focus on losses in his trading today, noting that, "You have to work a lot harder to get it back than you did to give it away."
This interview with John Bougearel discusses his approach to technical analysis. John, a trader and chartered market technician, approaches markets as a discipline to study and definitely puts in the work to understand them. But John's analysis isn't about identifying the one truth in advance, but instead about looking at the range of market outcomes and which path is most likely by studying prior patterns.
Becoming consistently profitable takes time. In this episode, we talk with Anne-Marie Baiynd, a trader and technical analyst, about her journey toward becoming consistently profitable. In that journey, she realized that she was not consistent in any parts of her life, so why would she expect to be consistent in her trading performance. This is an interview that we did with Anne-Marie for the first time in March - right after February's spike in volatility. The parallels are uncanny. Enjoy.
There is no one better to connect the dots on what successful traders do than author and trader Jack Schwager. In this interview with Topstep's Eddie Horn, Jack goes over what he's learned from studying the performance and demeanor of the world's best traders. He also shares the best piece of advice he's learned over the years.
Annie Duke may be best known for her World Series of Poker Tournament of Champions win, but she’s taken her experience making high-risk decisions and turned it into a passion that she’s studied for two decades. Her book, Thinking in Bets (a must read), talks about how everyone, including traders, can make better decisions. In this interview, she talks about how to divorce outcomes from process, and offers actionable ways that traders can improve by changing their mindset. There is so much in this interview that you can take and enjoy.
John Kicklighter is a trader and the head analyst at DailyFX, which provides market commentary for traders, by traders. In this interview with Topstep's Eddie Horn, John talks about lessons he's learned trading equities, options, futures and forex and why he believes forex trading presents the best opportunities for retail traders. He also goes over factors influencing the U.S. Dollar and why he believes the trade war will cause the U.S. Dollar to weaken.
Steve Burns fell in love with markets at first trade. But in between then and now, he's put in a lot of work and effort both in his own trading and in educating new traders. His blog, New Trader U, attracts thousands of visits a month to read his trading insights. In this conversation, Eddie Horn and Steve talk about how Steve got into trading and some of the lessons he's learned over the years.
Thankfully, the slow summer trading months are over. That means that trading is ramping up. But with that, traders need to reset their mindset and prepare for active markets and additional opportunities. In this interview, trading psychologist Rande Howell discusses how traders can best set themselves and their minds up for success. Now is not the time to ignore your trading mindset. Get a leg up with this interview.
This is the second part of a two-part interview with futures trader and 'Market Wizard' Linda Bradford Raschke. In this interview, Linda talks about her early trading, where she found the confidence to come back after blowing up a trading account, and why traders need to view trading as a profession. Like the first interview, this one is packed with insights from one of the great modern traders.
Linda Raschke is as passionate about trading as any trader out there. And she out-works them all. In this interview, Mick Ieronimo takes the captain chair for the first time to talk to his mentor, Linda Raschke, about how she got started trading, lost everything, found success, started managing money, and what he learned executing trades for her. This is part one of two parts. The next part will be released next week. Enjoy.
Tony Saliba started trading, quickly made 50% and then nearly lost everything. It was only when he was down to his last $15,000 that he found the discipline and strategies to profit in markets. From there, as he focused on risk, he was able to increase his trading size and, ultimately, put together a run of 70 months where he made at least $100,000 a month in profits. In this interview, he shares his journey and what other traders can learn to achieve consistent trading success.
Dr. Brett Steenbarger has helped thousands of traders take their performance to the next level. He's worked one-on-one with billionaire hedge fund managers and coached thousands of traders at various proprietary trading firms. In this interview with Topstep's Eddie Horn, Dr. Steenbarger shares important lessons that he's learned from those traders and through his own trading. If you have a passion for markets, you have to give this interview a listen.
Larry Benedict is someone that by all measures probably should not have made it as a successful trader. Yet after repeatedly failing, Larry stuck with his passion of trading and, critically, learned from each setback. In this conversation, Larry talks about his journey trading, the lessons that every trader should take from it, and his new venture for traders, called The Opportunistic Trader. At The Opportunistic Trader, Larry and other prominent traders share real-time trade ideas and insights. Learn more at www.topsteptrader.com/larry and use the discount code TOPSTEP for $100 off your first month.
Dale Pinkert has traded forex for more than 30 years, working with thousands of traders along the way as a coach. In this interview, Dale shares the three questions that you have to answer before you should enter any trade, and provides a warning to traders about using excessive leverage. He also shares why he's a big believer in taking partial profits and hates impulse trading — lessons he's learned the hard way.
In his past, Haim Bodek ran a trading firm that accounted for more than 0.5% of all U.S. options trading volume. But then his trading programs turned south - and he couldn't identify why. That led him down a rabbit hole that led to the largest exchange fine in Wall Street history at the time. Now, Haim continues his quest to hold exchanges to account for unfair or deceptive practices. His story exposes a dark underbelly of Wall Street that every trader should know.
Crude Oil fell 5% on Wednesday. Lucky for us, we had oil trader Tracy Shuchart in yesterday to talk about everything that's going on with the market - from production cuts and increases to political intervention and even why the market sells off on days where inventory numbers drop, a seemingly counter-intuitive move. If you are trading Crude Oil right now - or even interested in trading it - you have to give this episode a listen.
The best traders in the world are trying to get better - each and every day. Whether you are having the best start to a year ever or struggling in a choppy environment, you can improve. In this interview, trader and risk manager Mick Ieronimo goes over advice for how traders can perform better moving into the second half of the year. Mick's advice start with defining success and moves through the best ways to manage yourself through the ups and downs of trading.
Taking your trading from passion to profession is definitely not easy. It requires discipline, patience and a strategy - three things that TopstepTrader helps you hone in real-time markets. In this episode of Limit Up, host Eddie Horn talks with TopstepTrader founder Michael Patak about how 500+ traders have earned TopstepTrader's capital to trade this year. Eddie and Michael talk about how TopstepTrader was founded, some highlights from funded traders, and how you can take your trading from passion to profession. Provide feedback to limitup@topsteptrader.com.
Lydia Finkley has a unique - and all too common - story. She was introduced to trading by her mother, an unusual start to a professional forex trading career. But from there, Lydia went through all the normal growing pains of a professional trader. She blew up two accounts, in short order, before scaling back drastically in her third. That's when she started to learn a lot about herself and the market. Since then, she's put a number of controls in place to ensure that she never experiences a loss like that again. Here's her story. Enjoy!
Trading is oftentimes a story of survival and reinvention. Every trader runs into periods where their strategy is not performing as expected. It's what they do at those points that will either ensure they can continue their trading passion or bury their account. Patrick Rooney started trading in the Eurodollar pit on the floor of the CME. Then, he became an electronic trader, employing discretionary strategies. When those strategies went out of favor, Patrick became a fully automated trader. No matter where you are in your trading, you can learn from Patrick's journey and continuous study and change. Find Patrick on Twitter at @patrickrooney.
Pauly Franco - known on Twitter as @spz_trader - actively trades forex, Gold and the German Bund. An educator as well as a trader, Pauly gives insights in this interview about how he set himself up for success, what goes into his daily routine and how he would approach analyzing current markets.
Jack Schwager is a renowned author that has studied futures markets and the world's best traders. In this episode of Limit Up!, he shares those secrets with host Eddie Horn, providing insight across his four books. Jack also talks about his new project, FundSeeder, which hopes to connect talented money managers with capital.
Mick Ieronimo is the risk manager at TopstepTrader, helping to manage firm assets across more than 175 traders worldwide. But Mick didn't start his trading career as a risk manager. He got his start trading his own account before tutoring as the trading assistant under Market Wizard Linda Bradford Raschke. In this episode of Limit Up, Mick shares his insights and what has made him a risk-minded trader.
This is a special episode of Limit Up - where host Eddie Horn talks with Max Rofagha, the founder of Finimize, about personal finance and building a business - both key elements to successful trading. Finimize breaks down daily financial news into easily understandable bites with the hope of telling readers exactly what they need to know and why. Finimize came out of Max's frustration following his first successful startup - when he found himself with financial gain, but without clear direction from trusted news sources.
The U.S. Dollar is shaping up to be the most important trade to get right for the rest of 2018. We brought back 40-year trading veteran Yra Harris to talk about how he's looking at the market and what he's waiting on to move markets. Since this conversation, the Dollar has begun to rally. Is this a temporary reprieve or the start of a longer-term trend? If you want to nail this trade, you have to give this episode a listen.
Anna Coulling utilizes the relationship between volume and price to analyze trends in forex markets. She's spent more than 20 years trading and studying markets and has authored seven books on trading. In this interview with host Eddie Horn, Anna discusses her approach to the market, as well as how her strategy has built on the work of Richard Wyckoff to analyze forex, futures and even cryptocurrency markets.
30-year trading veteran John Hoagland joins host Eddie Horn in the TopstepTrader broadcast booth once again to go over five rules that were ingrained in him on the floor. John talks about ways that traders can learn and profit from trading, how they can come to think for themselves and why they should be purposeful in their practice. If you like this episode of Limit Up, please be sure to leave a rating or review. And don't forget to provide feedback to limitup@topsteptrader.com.
What does it take to be a full-time trader? That's the question we explore with Tracy Shuchart on this episode of Limit Up! Tracy provides insight of how she quit her job in pharmaceutical sales and moved to Chicago with no contacts to pursue trading full time. We explore the daily life of a Crude Oil trader and what she does both before and after the market to set herself up for profitable trading. She talks about her trading strategies and why she's so dependent on charts. And she also talks about how her trading was shaped by blowing up her first account - something that she thinks all good traders have done at one point or another.
Today's Limit Up talks with John Bougearel, a trader and chartered market technician. If one thing is clear from this interview, it's that John knows his trading style and is a student of the market. John talks about the way that market technicians think and how he studies prior patterns to forecast where the market will go in the future. Listening to this interview, you'll see the depths at which John goes to in order to predict future prices.
In any high-stress situation where you have to perform at your best, your health is critical to consistency. In this episode of Limit Up, we dig into better health with Dr. Hector Davila, a licensed pharmacist, nutritionist and fitness guru. We talk with Hector about the most important components of your health and how you can maintain focus, energy and limit stress all day.
After blowing up three trading accounts for a total of $90,000, Michael Patak finally got serious about his trading. He went on to trade Dow Jones Industrial Average futures as a local on the CBOT floor before starting TopstepTrader. In this episode, first broadcast in November, Michael talks about his journey learning how to be profitable trading and the aha moment that led to TopstepTrader. For more, go to www.topsteptrader.com.
Early in her trading career, Anne-Marie Baiynd asked herself a simple question: why am I inconsistent? The answer she came to was that everything about her was inconsistent - from how she analyzed the market to her eating and sleeping schedule. Why would she expect her trading to be consistent? In this episode of Limit Up, host Eddie Horn talks with Anne-Marie about her journey, why she turned to technical analysis, how she analyzes markets and what advice she has for other traders. There's something here for traders at every stage of their journey.
One thing was clear after our interview with 30-year options and futures trading veteran Brian Lund: he has a clear view of his trading strategy and the why behind it. Without those two things, it would be very hard to making a living and career out of trading. In this interview, host Eddie Horn talks to Brian about how he got started trading, his approach to finding a strategy and why he is so methodical about position sizing.
To trade well, you have to make good decisions. But we are irrational and impulsive. That's why we need rules. In this episode, trader and trading coach John Hoagland talks about his Cardinal Rules of trading. These are rules that John used to trade on the floor of the CME for more than a decade and that he uses today trading electronically.
Blair Hull has been ahead of the trading curve for more than 30 years. He was automating strategies and market making before it was popular. In fact, he thought that computers would replace floor traders in the 1980s - more than 20 years before it did. During his storied career, he's kept one thing consistent: he always knew his edge and is always learning. His thirst for knowledge helped him solve the game of Blackjack and now has him tackling issues in markets with Hull Tactical Funds. You simply cannot miss this episode.
Dr. Kenneth Reid remembers the first day he made $5,000 trading. That was followed shortly later with a day he lost $30,000, sending him down a spiral that eventually led him to lose $130,000 in the markets. As he dug deeper into the psychology behind his trading, he realized that he was trading in an addictive manner, without a well-defined written method. Now, Dr. Reid preaches deliberate trading practice that focuses on the process, not the outcome. If your process is good, the outcome will follow. Check out this episode and don't forget to leave us a rating or review.
This week, we talk with Anthony Crudele - a futures trader and the host of Futures Radio. Anthony got his start trading on the floor before being an early adopter of the electronic Emini S&P 500 contract. Anthony started by blowing up three trading accounts, losing a total of $75,000 - $50,000 of which he borrowed from another trader. With his last $10,000 - again, borrowed - he finally turned his trading around. In Anthony's story, we find a lot of takeaways that we can apply to our own trading. Give it a listen and be sure to leave us a rating and review.
Though it's not always easy to believe, markets are not rigged by machines. There are benefits to electronic human trading and benefits to trading algorithms, which operate based on a set of rules. We talk with Jared Broad, CEO and founder of QuantConnect, about the basics of algorithmic and quantitative trading to find out what point-and-click traders should know. Host Eddie Horn and TopstepTrader's John Hoagland break down the interview and share some of their personal stories trading.
Raman Chadha is the founder of the Junto Institute, which helps entrepreneurs and high-performing leaders realize their potential. That potential doesn't lie in your IQ - but instead in your emotions. In fact, studies show that more than 50% of performance is due to your emotions. Without being a trader, Raman captures the essence of how traders can stay motivated to succeed - for all the right reasons. He also talks about the importance of community and why traders should strive to be part of a community like TopstepTrader.
Improving your trading in 2018 starts today. But how? Mick Ieronimo, a long-time trader and TopstepTrader's risk manager, outlines five concrete ways to be successful trading in 2018. It starts with how you define success, which Mick says is about making progress and shouldn't be tied to any financial goals. Then, it's about taking what the market gives you and managing yourself through the ups and downs.
Todd Horwitz is a 38-year veteran trader who started on the floor and successfully made the transition to the screen. He had to learn to translate the euphoria, fear and madness of the crowd into electronic trading - analyzing price and volume. In this episode, Todd shares his secrets to trading well - from what a great trading setup looks like to why he reminds himself of poor decisions he's made in the past.
Why do high-performing traders work with trading psychologists? To become even better. If you're not paying attention to your emotions, you will have a challenging time trading, says Trading Psychologist Rande Howell. In his 15-year history helping traders, Rande has worked with traders, portfolio managers and money managers throughout the world. We explore how traders can better be in tune with their emotions and strategies for implementing change into their trading. Rande also gives a couple of exercises that you can do at your trading desk to become more mindful.
What does it take to be a full-time trader? That's the question we explore with Tracy Shuchart on this episode of Limit Up! Tracy provides insight of how she quit her job in pharmaceutical sales and moved to Chicago with no contacts to pursue trading full time. We explore the daily life of a Crude Oil trader and what she does both before and after the market to set herself up for profitable trading. She talks about her trading strategies and why she's so dependent on charts. And she also talks about how her trading was shaped by blowing up her first account - something that she thinks all good traders have done at one point or another.
In this special bonus episode, we talk about TopstepTrader's funded traders - who withdrew more than $47,000 in profits in November. Funded Trader Risk Manager Mick Ieronimo drops by the broadcast booth to talk about what every trader should know from our funded traders' success. To put everything in context, Dr. Jinnie Cristerna, a trading psychologist, talks about how a trader's relationship with money impacts their performance.
Rich Friesen is the creator and developer of Mind Muscles, training traders to improve their performance through awareness. In this episode, Rich talks about how traders should view their performance, how they can take stock of their emotions, and why they shouldn’t fight them. Rich even gives traders an easy exercise they should do each day before they start trading.
Peter Davies day trades the S&P 500 and is the founder of Jigsaw Trading. In this interview, he talks about how traders can think about and create a trading strategy that works with their personality and view of the market. And find out why Peter strongly recommends that traders learn trading on a short timeframe, instead of swing or position trading. This interview is rich with insights into how a successful day trader views markets, so we hope you enjoy. Provide feedback to limitup@topsteptrader.com.
Yra Harris is a veteran trader who started on the floor of the Chicago Mercantile Exchange before migrating to the screens. In this interview, he talks about some of his most challenging trades, why one of his best trades ever was where he lost a substantial amount of money and his outlook for 2018. But most importantly, he provides invaluable wisdom on how you can succeed in trading learning from his experience.
Michael Patak is a floor trader turned entrepreneur who created TopstepTrader, a place where traders can safely engage in financial markets. After blowing up three trading accounts for a total of $90,000, he finally got serious and learned to trade profitably on a simulator. He went on to trade Dow Jones Industrial Average futures as a local on the CBOT floor before starting TopstepTrader. In this episode, he talks about his journey learning how to be profitable trading and the aha moment that led to TopstepTrader. In the TopstepTrader program, traders prove they can profit and manage risk in a real-time trading simulator. If traders meet the profit objectives while following the risk controls, TopstepTrader will fund them with $30,000 to $150,000 in buying power. For more, go to www.topsteptrader.com.