Limit Up! Podcast

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) - Starting LaDuc Trading(24:16) - Macro-to-Micro analysis(30:26) - Cross-asset correlations and divergences(32:55) - Fishing metaphors(34:21) - Women in finance & tradingSamantha LaDuc is the Founder of 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: @SamanthaLaDuc More Micro: @LaDucTrading. Not a member? Start with FreeBait!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. 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/Join our Facebook group to connect with other traders: https://www.facebook.com/groups/TopstepTraderCommunityIf you'd like to receive

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 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 climbingMarina Villatoro, ‘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 - 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 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. 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...

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] - 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 servicesTroy 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 for 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 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. 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 Apple Podcasts, Google Podcasts, <a href="https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ" rel="noopener

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 livingLimit 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. 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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.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 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] - Turning Beginners Into Experts[30:48] - Preserving capital[33:18] - Daily perspective[37:46] - Jack's conspiracy dungeonMatt 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, Trades by Matt, for all things futures trading.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. 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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.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 his podcast and 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 &amp; 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 ClassicCasey Stubbs is the founder of 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 his 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 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. Risk Disclosure: https://www.topstep.com/risk-disclosure/&nbsp;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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.<a...

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 marketingWilliam Rhind is the founder of 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 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. 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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in <a...

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, “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 &amp; 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 predictionsJohn 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 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. 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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.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 marketA licensed clinical psychologist with a PhD and extensive experience in performance enhancement techniques, 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.&nbsp;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 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/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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you...

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 fireMichael 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.&nbsp; In 2015 he was a semi-finalist and in 2016 a finalist for the Ernst &amp; 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 Instagram and he makes frequent appearances on the TopstepTrader Instagram account.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. 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 Apple Podcasts, Google Podcasts, Spotify, or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a...

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] - SharkIndicators Training Workshops[34:57] - Man vs. Computer[40:32] - Confidence-building tools[43:30] - Quantum computing[47:17] - Human discretion[55:32] - The Josh Powell FoundationJeremy Tang is the founder of 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 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. 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...

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 normalKirk du Plessis is the founder of 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 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. 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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by...

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] - 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 recessionAnka 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 to 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.&nbsp;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. 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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in <a...

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 ProgramSean Kozak, President of 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 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. 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 Apple Podcasts, Google Podcasts, Spotify, or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.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 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] - 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 WingTrades[36:30] - See profit, take profit[42:36] - Ignoring the news[45:33] - Truck full of precious metals[47:35] - Best safe havenAaron Gose is Co-Founder and COO at 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 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. 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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.<a...

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 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 mentorsOver 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 called 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 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. 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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in <a...

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 struggleRich 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 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. 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 Apple Podcasts, Google Podcasts, Spotify or...

“When we get into these very emotion-driven markets like this. You have to buy the rumor, sell the news.” – Tim RacetteEven 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] - Topstep Quarantine DiariesTim Racette is a trader and the founder of 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 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. 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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.<a href="https://www.dante32.com/"...

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 &amp; 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] - Topstep Quarantine DiariesPeter 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/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. Risk Disclosure: https://www.topstep.com/risk-disclosure/&nbsp;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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.<a href="https://www.dante32.com/" rel="noopener noreferrer"...

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 gameLimit 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. 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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.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 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 brainGeorge Papazov is the founder and head trader at TRADEPRO Academy. 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 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. 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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.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.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’s 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, &amp; 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 tradersLimit 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. Risk Disclosure: https://www.topstep.com/risk-disclosure/&nbsp;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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.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 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 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 destinyAnne-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.&nbsp;Be sure to follow Anne-Marie @AnneMarieTrades and check out her trading action in Topstep’s Trading Combine®.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. 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 Apple Podcasts, <a...

In our 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] - 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 outMatt 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. 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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.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 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 timelinesMatt 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. 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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.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 &amp; probabilities[30:46] - Fortunate opportunities[34:54] - RetirementLimit 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. 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 Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.

Today on Limit Up! we’re talking to a legend in finance. 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 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] - 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 everythingDr. 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 Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in Apple Podcasts, Google Podcasts, <a...

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 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 @gzuckerman or via email [email protected][01:43] - Market reaction[09:07] - Jeff Carter interview with Greg Zuckerman[09:29] - 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] -The Man Who Solved the Market[20:27] - The paradox of Jim Simons[24:32] - Personnel Economics[25:50] - Making predictions[28:10] - Struggling energy providers[28:58] - Getting out into the trenchesGregory 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 Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in Apple Podcasts, Google Podcasts, <a...

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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.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] - Limit Up! 2019 Listener Survey [01:12] - Gift certificate winners announcement![02:26] - Jeff Carter interview with Brock Connelly[02:39] - 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-upBrock Connelly is the Founder, CEO, and Head of Brokerage of 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 Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in Apple Podcasts, Google Podcasts, <a...

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. 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] - Limit Up! 2019 Listener Survey [01:59] - Jeff Carter interview with John Nyhoff[02:10] - 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 John Nyhoff is an Assistant Professor of Finance at 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 Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in <a...

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 Michael Patak, the founder of TopstepTrader. Tune in, get inspired, and get trading![00:16] - This week: Best of 2019 part two[00:41] - 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 mistakesWant to hear more? Check out the full length episodes!Episode 85 with Henry YoshidaEpisode 87 with Michael PatakEpisode 93 with Gary AntonacciEpisode 100 with Pete MulmatEpisode 102 with Gustavo RazzettiThis episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps...

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 Mick Ieronimo, Ben Lichtenstein, 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] - 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 processWant to hear more? Check out the full-length episodes!Episode 61 with Mick IeronimoEpisode 65 with Ben LichtensteinEpisode 67 with Tim RacetteEpisode 78Episode 79This episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in Apple Podcasts, <a...

In 2011, MF Global went bankrupt, destroying the livelihoods of thousands of people. James Koutoulas, CEO of 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 James L. Koutoulas, Esq. is the CEO of 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 Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.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] - 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] - DynamiteDavid 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 Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.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. 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] - 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 recreationKeith 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/This episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode

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] - 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 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. 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 Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple...

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. 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 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 Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in<a...

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] - 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 toleranceGustavo Razzetti is the CEO of 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 Stretch for Change, 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 Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you

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, 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 tradersRobert (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, Market Mover, details his time leading the Nasdaq.This episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify...

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 at Tastytrade and Executive Vice President at 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] - The Small Exchange Pre-launch Subscription Offer[1:27:50] - Ask a question at the TopstepTrader Community on Facebook[1:28:14] - TopStepTrader on InstagramPete Mulmat is the Executive Vice President of 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 Jeff Carter. Jeff is a general partner at 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 Topstep. Whether you’re considering a career in trading and...

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] - The Big Short[33:13] - Jack's biggest loser[35:27] - Separating your personal bias[39:55] - Weekend plansLimit Up! is a podcast for traders of all levels brought to you by 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/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.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, 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] - Points and Figures [04:09] - Jeff Carter on 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] - This Week On Wall Street [31:04] - Gary on Twitter[31:15] - Gary on LinkedIn[32:01] - Charlie Bilello on Twitter[32:16] - Ryan Detrick on Twitter[32:39] - Tamping the noise[35:04] - Stories of fearlessness from the crash of '87Gary 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 for This Week on Wall Street. This episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at 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 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,...

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, 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 of 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 a 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:FacebookTwitterInstagramSteve 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 Hour of Champions and coaches other high achievers to get out of their negative thought patterns.This episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at 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 <a...

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: 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' 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] -Political Corruption and Firm Value in the U.S.: Do Rents and Monitoring Matter?[41:12] - Wrapping things up with Jack PelzerNerissa 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, “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 Jeff Carter. Jeff is a general partner at 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 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:...

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 Sean Brown, President and CEO of cloud-based investment tool 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] - Points and Figures [04:07] - YCharts[04:35] - 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 PelzerSean 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 Jeff Carter. Jeff is a general partner at 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 Topstep. Whether you’re considering a career in trading and don’t know where to start, or you’re a...

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 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 recommendationsAlan 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, 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 Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by...

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 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, optimalmomentum.com and blog at dualmomentum.netGary Antonacci is the Principal at Portfolio Management Consultants and the author of the book, “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 Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple...

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 PelzerThis episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.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 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. Harris Notes From The Underground [27:38] - The markets are limitless[28:57] - So you've seen a bear market?[30:47] - Last parting wordsThis episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at 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 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/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple...