Limit Up! Podcast

A few weeks ago, our very own Mark Meadows went onto the DailyFX podcast and spoke with host Martin Essex. Now, we’re flipping that around and bringing Martin onto Limit Up! Martin is an analyst and editor over at DailyFX and has previously written for The Wall Street Journal, Reuters and the BBC. This is part 2 of Jeff’s interview with Martin. If you missed part 1, make sure to check it out here. In this episode, Jeff and Martin shift their focus across the Atlantic to Europe, where there’s no shortage of news impacting the markets. From Brexit, the impact of Cryptocurrencies and the evolving state of the Eurozone, Martin has a front row seat to some of the most important market shifting stories.Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind.[00:31] - This week: Martin Essex part two[01:31] - MARKet Reaction with Mark Meadows[02:51] - Martin Essex introduction[03:16] - DailyFX[03:27] - Jeff Carter Interview with Martin Essex[03:27] - Where do you see the potential in FX markets, and what happens to the Euro if Brexit really happens?[07:31] - Could exiting the regulatory regime of Brussels elevate the British economy?[10:10] - PiP iT [11:08] - What do you make of cryptocurrencies?[13:44] - Facebook Libra[14:34] - Cryptocurrency for supply chains[16:03] - What kind of clients did you do work for when you were a Senior International Economist?[17:18] - Do you subscribe to either the IS-LM curve or C+I+G macroeconomic camp?[18:51] - Is GDP a useful measure?[23:27] - Do you like futures markets more than cash markets?[26:37] - With sovereign debt and a combined currency there's no chance to rebalance[27:19] - What do make of the LIBOR, do you think it survives?[28:18] - Are you a football fan?This episode of Limit Up! is hosted 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...

A few weeks ago, our very own Mark Meadows went onto the DailyFX podcast and spoke with host Martin Essex. Now, we’re flipping that around and bringing Martin onto Limit Up! Martin is an analyst and editor over at DailyFX and has previously written for The Wall Street Journal, Reuters and the BBC.Jeff talks with Martin about all things Macroeconomics, the Euro and how it’s all coming back to rethinking capitalism. Their conversation was so good, we decided to split it into two parts. So enjoy part 1 of the show!Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind.[00:46] - This week: Martin Essex[02:04] - TopStepTrader 7th Anniversary[02:32] - MARKet Reaction with Mark Meadows[04:05] - Martin Essex introduction[04:32] - Jeff Carter Interview with Martin Essex[04:52] - DailyFX - Forex Market News & Analysis[05:48] - How did you get interested in finance?[07:00] - What is the most intriguing thing to you about economics?[08:41] - Linking Finance & Macroeconomics - John Cochrane[08:53] - Lawrence Summers work in the World Bank, Clinton Administration and Economics.[10:11] - The work of Gary Becker in social science and finance[10:50] - The Challenge of Immigration: A Radical Solution[11:16] - Where would you apply economics differently?[15:04] - Could Europe deconstruct the regulatory state like Trump?[17:45] - Relationship capitalism from Luigi Zingales[18:08] - Worries about economic forecasting[19:24] - Bernard Connolly & analysis of the Euro[20:45] - Combining economics and technical analysis[23:54] - Read up first if you are beginning to trade[25:32] - TopStepTrader allows paper trading This episode of Limit Up! is hosted by 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:...

Today’s guest is certainly something special. If you’ve been in the trading industry for very long, there’s no doubt you’ve heard the name J.C. Parets before. J.C is the founder of All Star Charts, one of the most widely followed technical analysts in the industry. Jeff and J.C. cover a wide variety of topics from baseball to chess to wine while breaking down some of the most spot on technical analysis of the markets you’ll ever hear.However, before all that talk, Mark Meadows is back this week with his MARKet Reactions from last week. Lastly, July was TopstepTrader’s 7th birthday! We’re going to be celebrating the only way we know how: by giving you all some amazing gifts! So join us for the celebration and stayed tuned for more info about our birthday extravaganza!Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind.[00:42] - This week: J.C. Parets[01:07] - TopStepTrader 7th Anniversary[01:53] - MARKet Reaction with Mark Meadows[03:04] - J.C. Parets introduction[03:39] - Jeff Carter Interview with J.C. Parets[03:56] - All Star Charts[04:57] - So you grew up in Miami?[06:16] - How did being a pitcher inform your approach to the markets?[07:24] - Pitching is a chess game[09:07] - Did the discipline that you had to have pitching carry over to what you do today?[10:38] - How did you get interested in finance?[11:17] - Majoring in accounting[12:51] - Josh Brown of Ritholtz Wealth Management[13:17] - Were you in the wealth management part of Merrill Lynch?[13:48] - With an accounting background you can understand the guts and glue of the business[15:38] - What is the difference between asset classes when using technical analysis?[15:54] - John Murphy, the father of inter-market technical analysis[17:39] - What sort of indicators do you look at to see the capital flows?[20:08] - When you see an indicator on a chart like that what is the period of time you'd expect to wait for the market to go that way?[21:02] - How do you use technical analysis to trade options?[21:41] - Sean McLaughlin of All Star Charts[24:11] - Wedding planning & Honeymoons[26:29] - How has moving from New York to Sonoma hurt or benefited you?[30:03] - What types of institutions are your customers?[32:09] - Koyfin Data Analytics Platform for Investors[32:12] - The Chart Report[33:10] - How do you respond to the criticism that charts are looking backward?[33:51] - How would somebody approach analysis tools to determine which would work for them?[36:44] - What do you think of tools like Market Profile?[37:56] - You are starting to make wine now, do you chart the grapes?[38:34] - What wine made you want to learn how to make it yourself?[39:52] - Pairing wine with food[44:46] - What if the Fed cuts rates, higher or lower?[45:00] - 2020 election year coming up, good or bad for stocks?JC Parets, who holds a Chartered Market Technician (CMT) designation, is the founder of All Star Charts and is one of the most widely followed Technical Analysts in the world. All Star Charts is a research platform for...

Today’s guest is a special one for Limit Up! as part of our birthday celebration this month, we thought it would be a great time to bring on our Founder and Chief Vision Officer Michael Patak. Michael takes us through his beginnings as a trader, his experiences being deep in the pit. Jeff and the differences trading on a screen. Finally, hear how Michael started TopStepTrader with a community focus and how, at its heart, the company is focused on making the individual trader feel a part of that community. This is a great conversation between two-battle tested veterans of the trading world. UPDATE: And if you'd like to hear the rest of the discussion, be sure to check out Episode 91: Bear Markets, Crypto and Humility. BTW, as we mentioned above, this month is TopstepTrader’s 7th birthday! We’re going to be celebrating the only way we know how: by giving you all some amazing gifts! So join us for the celebration and stayed tuned for more info about our birthday extravaganza!Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind.[00:31] - This week[01:35] - TopStepTrader 7th Anniversary[02:25] - MARKet Reaction with Mark Meadows[04:06] - Jeff Carter Interview with Michael Patak[04:42] - Where were you on the floor?[06:00] - What interested you in trading?[08:23] - Why did you choose Dow over all the other pits?[08:53] - Do you feel like that market fit your personality?[09:58] - What did trading in the pit teach you that you can't learn on a screen?[12:08] - When you were trading what would limit your upside?[14:54] - Did you make the jump to trading on the screen?[16:35] - How do you manage the volatility difference between the screen and the pit?[17:33] - Do you find that having the pit experience impacts you on the business side of trading?[18:50] - How are you taking the trading floor community approach and applying it to TopStepTrader?[20:13] - What are you doing at TopStepTrader to make me feel like I'm not on an island by myself?[22:32] - What do you want TopStepTrader to become?[24:28] - What keeps you up at night?[26:05] - Do you have a lot of ex-pit traders that have come on to your platform?[27:42] - Where do you see the opportunities for people on TopStepTrader?[29:19] - What is the culture like working at TopStepTrader?[31:40] - How do you celebrate success and handle failure within the company?[35:44] - Did TopStepTrader raise venture capital?[36:55] - Do you find recruiting in Chicago better or not as good as other places?[38:02] - Do you have a rewards program to bring in new employees? Michael Patak is the Founder and Chief Vision Officer of TopstepTrader and the Co-Founder of mobile trading platform BLUECHXP. Prior to founding TopstepTrader, Michael was a trader for several years. In 2015 has was semi-finalist and in 2016 a finalist for the Ernst & Young Entrepreneur of the Year Award. In 2017, Inc. Magazine ranked TopstepTrader No. 1,261 on its 36th annual Inc. 5000. You can find Michael on his own Instagram and makes frequent appearances on the TopstepTrader Instagram account.This episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at <a...

Welcome back to Limit Up!, the podcast exploring markets, trading strategies and psychology. That last word is so important to becoming a better trader that we have a very special guest for you, Dr. Mira Brancu, joining Jeff on the podcast this week. Dr. Brancu is a clinical psychologist with experience in risk management and leadership development. She and Jeff get deep into all these topics and more. Lastly, this week was the TopstepTrader company StepUp Day where we give back and volunteer to our community. So no MARKet Reaction or Wise Words from Jack this week, but don’t despair, both will be back for next Friday’s episode. BTW, did you know that this month is TopstepTrader’s 7th birthday?? We’re going to be celebrating the only way we know how: by giving you all some amazing gifts! So join us for the celebration and stayed tuned for more info about our birthday extravaganza!Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind.[00:42] - This week[02:48] - Jeff Carter Interview with Dr. Mira Brancu[03:27] - Mira’s experience emigrating from communist Romania to the US[07:19] - Life in Romania before emigrating[08:49] - Moving from New York, NY to Durham, NC[11:42] - Applying clinical training to leading teams and teaching others[13:18] - Improving efficiencies and performance with new processes[14:31] - Great psychologists put in flexible processes to improve the workflow[15:37] - Learning and developing emotional intelligence[18:11] - Pushing on even after you’ve hit the ceiling[24:56] - How product/market fit applies to risk management[25:39] - Insights from working with women developing as leaders[27:46] - Attracting diverse candidates for prestigious roles[29:52] - How can women prepare themselves to excel in traditionally male-dominated fields?[31:25] - How can men diffuse fears of mentoring women due to legal reasons?[38:10] - Pet peeves about networking[45:25] - Does balancing opportunities turn into a zero-sum game?[48:24] - What keeps Mira up at night[49:39] - Walking away from a project when you are failing[54:53] - TopStepTrader Seventh Birthday ExtravaganzaDr. Mira Brancu is a clinical psychologist, Deputy Director of a mental health research center for the Department of Veterans Affairs, Associate Professor of Psychiatry and Behavioral Sciences at Duke University's School of Medicine, and CEO of Brancu & Associates, a women's leadership consulting company.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...

This week on Limit Up! Mark Meadows is back with this week’s MARKet reaction. Then Jeff brings on Henry Yoshida, the co-founder and CEO of Rocket Dollar. Founded in 2018, Rocket Dollar is an innovative fintech startup putting the power to make investment decisions in the hands of the individual investor. Jeff and Henry discuss the impact the broader economic climate can have on a startup, the future of robo-advisors and the two sides to having a public profile as a CEO.Finally, our very own Jack Pelzer is here to give you a little hope with a traditional Irish trader blessing.Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [00:55] - This week[03:00] - MARKet Reaction with Mark Meadows[05:00] - Jeff Carter Interview with Henry Yoshida[05:13] - What was your career like after starting when the internet bubble blew up?[06:48] - What was is like to find a way to survive during times of economic stress?[07:32] - How your mind has to work to be successful[11:35] - Why did you become an RIA at that time?[16:12] - What are your thoughts on robo-advisors?[22:41] - Do you see the role of human advisors changing?[25:55] - Does Rocket Dollar work like a self-directed IRA?[29:40] - What are the tax differences between real and retirement money when investing in a startup?[34:55] - Why did you choose to go B2C when you had so much success with B2B before?[37:15] - Do you have the tools on Rocket Dollar to analyze real estate?[43:36] - Being a public vs private CEO[44:43] - What are the downsides and upsides to raising your public profile?[47:02] - What advice do you have for someone starting a startup?[49:33] - The importance of execution & focus[50:58] - What is your next big goal?[52:43] - How do you know when to quit?[55:00] - Traditional Irish Trader Blessing with Jack Pelzer Henry Yoshida is the co-founder and CEO of Rocket Dollar. Prior to Rocket Dollar, Yoshida was the co-founder of Honest Dollar, a robo-advisor retirement platform that was acquired by Goldman Sachs, as well as a founder of MY Group LLC, a $2.5-billion assets under management investment firm. Henry graduated from The University of Texas at Austin and holds an MBA from both the Johnson School of Management at Cornell University and Queen’s University in Canada. He resides in Austin with his wife and two daughters.This episode of Limit Up! is hosted by 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...

Welcome to Limit Up! This week we’re bringing you part 2 of our interview with Major General Karl Horst. Jeff sits down with the Congressional Medal of Honor Foundation President and U.S. Army Major General to discuss his final leadership principles. Join us for the conclusion of this incredible discussion covering communication, humor and how to manage expectations. And if you missed part 1, you can find it here.Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [01:51] - MARKet Reaction with Mark Meadows[03:50] - Jeff Carter Interview with Karl Horst part 2[03:51] - Leadership Tip #4: Be clear and concise in communication[05:47] - Leadership Tip #5: Manage expectations[08:16] - Does it matter how someone gets to the end goal?[10:37] - How do you handle the failure of a subordinate?[11:36] - Leadership Tip #6: Build a team[13:20] - Leadership Tip #7: Lead by personal example[15:53] - Leadership Tip #8: Be thoughtful of others[16:06] - Retired Army Chief of Staff Gordon R. Sullivan[18:15] - Migrating from an analog world into the digital age[22:15] - Leadership Tip #9: Don't forget where you came from[23:25] - Leadership Tip #10: Maintain a healthy sense of humor and use it liberally Major General Horst’s book, Common Sense Leadership, can be found on Amazon. You can find out more about the Medal of Honor Foundation here.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...

TopstepTrader has a very special guest for you this week. First up, though, Mark Meadows will take you through his MARKet Reaction for the week. Then, in the first of a two-part interview series, new Limit Up! Host Jeff Carter sits down with Congressional Medal of Honor Foundation President and U.S. Army Major General Karl Horst. They discuss how he’s taking lessons from his military career and bringing them to the corporate world through establishing boundaries, constraints and maintaining discipline. Sound familiar traders? Lastly, they end by discussing the connection between Jazz and leadership as well as the first 3 of General Horst’s leadership principles.Have thoughts about this episode? Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [00:30] - This week[02:03] - MARKet Reaction with Mark Meadows[03:38] - JeffCarter Interview with Major General Karl Horst[04:04] - Why did you go to West Point?[06:52] - Where did you grow up?[07:33] - Common Sense Leadership[08:06] - How does military training relate to leadership?[09:21] - Is there room for creativity within boundaries, discipline, and constraints?[10:30] - Leadership is like jazz music[12:44] - Making the leap to the next level[14:52] - How do you take inventory of yourself?[16:48] - You have to have vision[17:21] - Effort vs passion[18:21] - Tourists and Pilgrims[19:17] - Leadership Principle #1: Live by a set of values[22:07] - Leadership Principle #2: Have an ethos to guide your daily activities[24:08] - Leadership Principle #3: Maintain situational awareness[25:24] - Dick Duchossois[26:58] - Robert Nett[28:43] - Outro Major General Horst’s book, Common Sense Leadership, can be found on Amazon. You can find out more about the Medal of Honor Foundation here.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...

What’s it like to watch an options exchange grow in value several two orders of magnitude? You’re about to find out as this episode of Limit Up! Introduces its new host: Jeff Carter. Jeff is an accomplished trader, investor, advisor and former board member of the Chicago Mercantile Exchange. He’ll be joining Limit Up! As our new permanent host starting next week. This week on Limit Up! is all about the Fed: the screens are green with Mark Meadows and his MARKet Reaction then Danny & Hoag breakdown the ripple effects from the Fed changes. If all that was enough to knock on off your feet and into a bottle of your favorite whiskey, you came to the right place because Jack is back with his comfy couch and some words of wisdom in this weeks Trader Therapy.Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [01:02] - Jeff Carter Introduction[04:19] - This week[05:22] - MARKet Reaction with Mark Meadows[07:23] - Danny & Hoag: Fed Meeting Fallout[08:07] - Understanding what the Federal Reserve is[10:52] - The ripple effect of rate adjustments[19:13] - Reacting to rate adjustments[23:18] - Trader Therapy with Jack PelzerLimit 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.

Another week and the markets are still the markets. This week Mark walks us through his feelings on gold. Danny and John then discuss keeping your emotions in check and how sometimes just stepping away is what you need to regulate yourself. Finally, Jack Pelzer channels his inner Cramer (not Cosmo, Jim) to bring you this week latest segment: Kooky Currency. Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [00:40] - This week[01:32] - MARKet Reaction with Mark Meadows[03:22] - Danny & Hoag: Fed Rate Expectations & Economic Releases[04:23] - Buy the rumor, sell the news[06:21] - Exposure trading outright[08:12] - Emotion is not a rational strategy[13:36] - Finding extremes & timing[17:22] - Watching for volatility and liquidity[20:11] - Stay flat and take a step back[25:24] - Conclusion[25:55] - Kooky Currency with Jack PelzerLimit 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.

Limit Up! is back with another dose of market analysis, trading strategy and...Jeopardy? This week Danny Hodgman and John Hoagland discuss the latest Jeopardy uber-champion and how he kept winning by sticking to his game plan, something that rings true for traders as well. As always, our very own Mark Meadows is back with his MARKet Reaction. Finally, Jack Pelzer brings you into his office for this week's Trader Therapy.Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [00:35] - This week[01:49] - MARKet Reaction with Mark Meadows[02:55] - Danny & Hoag: A look into James Holzhauer’s Jeopardy run [05:00] - Sticking to a plan even if it doesn’t guarantee a win[06:17] - Always manage your expectations & your risk[06:32] - “Barney-style” - don’t overlook the power of keeping it kid’s book simple[08:17] - Learning the heartbeat of your market[12:38] - How to recognize changing market states when you’re new to the industry[15:53] - You gotta have the Daily up[19:16] - Watching your risk tolerance with increased volatility[23:20] - Trader Therapy with Jack PelzerLimit 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.

Welcome back to the new Limit Up! Listen in to get this week’s MARKet Reaction with our very own Mark Meadows, hear Danny Hodgman and John Hoagland talk about Market Profile and stick around for Trader Therapy with Jack Pelzer. Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind. [01:01] - This week[02:24] - MARKet Reaction with Mark Meadows[04:12] - A look at Market Profile with Topstep’s Danny & Hoag[04:55] - Hoag’s favorite way to look at the market[08:21] - What makes Market Profile different than looking at the usual charts[09:48] - How Market Profile shows time spent at a given price[13:56] - What to do for the overnight session[16:37] - What about Volume Profile?[18:19] - Everybody’s got a system; what works for you may not for me and that’s ok![21:19] - Hoag's history w/ MP - introduced to it by his dad in 8th grade[21:48] - Tim Dalton's Mind Over Markets (auction Process)[22:34] - Why markets today aren’t all that different from when early traders were bartering with pelts in caves[23:25] - the importance of geography in the trading pits[25:18] - The ultimate edge: consistency in your decision-making process[27:40] - Strangles and straddles[30:06] - It's all an auction process[30:32] - Trader Therapy with Jack PelzerLimit 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.

Welcome to the new Limit Up! This episode marks the beginning of a few show changes we’ll be rolling out over the coming weeks. We’ll be covering our new call-in line for listeners of the show to call in with questions for us, our latest MARKet reaction as well as our performance coaches, Danny & Hoag, breaking down how you should be approaching your summer trading.So if you get a chance, give us a call and let us know what you think of the job we’re doing, the podcast or anything trading related![00:41] - Introducing the new Limit Up! format[01:39] - We want to hear from you! Listener Grab Bag (855-902-0331)[02:16] - MARKet Reaction[04:09] - What to expect this summer with Topstep’s Danny & Hoag[05:54] - Don't chase money on Friday afternoon[08:44] - This will still be an active summer for trading[09:15] - There’s always opportunity. Remember to take a break[10:28] - Checking markets on vacation; do or don’t?[13:00] - Keeping connected with daily WSJ & coffee[13:30] - The news doesn't stop so just be cautious[16:09] - Summer plans -- Ozark's & babies[17:11] - Trader Therapy segment teaserLimit 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.

John Kicklighter is a trader and the head analyst at DailyFX, which provides market commentary for traders, by traders. In this LimitUp! Rewind, John talks about lessons he's learned trading equities, options, futures and forex and why he believes forex trading presents the best opportunities for retail traders. He also goes over factors influencing the U.S. Dollar and why he believes the trade war will cause the U.S. Dollar to weaken. [04:12] Connection between Trump’s opinion on the dollar affected 2018 performance of Forex[06:21] The US Dollar...what do you see down the road?[08:07] Future of China trade tariffs[09:07] The Fed & EU vs USD[11:25] How do you look ahead for that next trade?[13:22] How do you make sense of all the Geo-political risk and its effects on the market?[14:24] How are central banks like Bank of England/ ECB driving prices?[17:07] Are the markets looking towards the election here in the US?[18:57] What's a good process for thinking about correlating markets?[21:16] What to look for with correlating markets?[23:27] Why do so many retail Forex traders struggle?[27:40] What are some of your favorite technical indicators or setups?[32:10] How do you get time-frames & technicals set up for a trade?[33:25] If you had one technical to set up, what would it be and why?[35:05] If you could only trade one product, what product would you trade?[37:23] Break down your scariest trade.[40:45] What's your best advice for new traders?You can find John on Twitter as well as over at DailyFX.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.

Dr. Kenneth Reid remembers the first day he made $5,000 trading. That was followed shortly later with a day he lost $30,000, sending him down a spiral that eventually led him to lose $130,000 in the markets. As he dug deeper into the psychology behind his trading, he realized that he was trading in an addictive manner, without a well-defined written method. Now, Dr. Reid preaches deliberate trading practice that focuses on the process, not the outcome. If your process is good, the outcome will follow. [02:48] - Dr. Kenneth Reid background[05:59] - Finding the psychology connection[07:37] - What's your trading style?[09:25] - Why trading on a simulator is crucial[11:35] - Traders need a method that they can explain in 5 seconds[13:52] - Approaching sim trading to make it as real an experience as possible[15:16] - How to view sim trading as an experiment without getting frustrated[16:06] - How long should someone be in a simulator?[18:31] - Getting off on the right foot with a real money account[19:56] - Keys to smart sim trading - Principle #1[21:40] - Keys to smart sim trading - Principle #2[22:19] - Keys to smart sim trading - Principle #3[24:08] - Keys to smart sim trading - Principle #4[30:02] - Keys to smart sim trading - Principle #5[31:48] - Keys to smart sim trading – RECAP[34:45] - What's the scariest trade you've ever made?[37.05] - What piece of advice would you give yourself if you could go back in time?[39:11] - Where can people find you online?You can find more about Dr. Kenneth Reid at https://www.daytradingpsychology.com.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.

To trade well, you have to make good decisions. But we are irrational and impulsive. That's why we need rules. In this Rewind episode, trader and trading coach John Hoagland talks about his cardinal rules of trading. Rules which he honed on the floor of the CME for more than a decade and that still serve him well in his electronic trading today.[03:02] Hoagland’s cardinal rules of trading[03:53] Applicability to electronic trading[05:13] Remembering the rules as you trade[07:11] Rule 1: Prices do not have to do anything[10:32] Rule 2: See Rule 1[11:40] Rule 3: Learn to function in a tense, unstructured, and unpredictable environment[13:42] Rule 4: Keeping a journal[16:44] Rule 5: Find your trade; trade your plan[17:26] Why people hesitate on their plans[19:54] Rule 6: Follow the signals, not the centsLimit 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 this Limit Up Rewind, Larry Benedict, trader and founder of OpportunisticTrader.com, shares the keys to building his trading fortune, some of which defy conventional wisdom. Larry is someone that by all measures probably should not have made it as a successful trader. Yet after repeatedly failing, he stuck with his passion for trading and, critically, learned from each setback. In this episode hear Larry talk about:[03:49] How he got started on the floor of the CBOE[07:32] What made him think he could be a good trader[10:46] Why discipline and management are critical to success[12:43] What advice would he give to himself as a young trader[15:42] How he developed his “2% Rule”[20:32] The value of ‘collecting base hits’ versus ‘swinging for the fence’ in trading[22:50] How to know when you have a market that matches your trading style[26:00] The danger of having a gambler's mentality[31:09] Creating OpportunisticTrader.com[40:04] His best piece of advice for someone getting started in electronic trading[41:57] The scariest trade he ever made Follow @opptrader1 to learn more OpportunisticTrader.com, where Larry and other prominent traders share real-time trade ideas and insights.Limit Up! is a podcast for traders of all levels brought to you by 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 this REWIND episode of Limit Up, we’re taking a look back on Eddie’s chat with Tony Saliba when they discussed bouncing back from a big loss, becoming disciplined, and working up the corporate ladder. Tony Saliba, CEO, and founder of Matrix Holding Group is a seasoned trading professional with an impressive track record, having once made a six-figure profit every month for 70 months straight. This is a stark difference from some of his early trading, where he lost nearly everything in just six days, which ultimately gave him the skills he needed to become so successful in trading. Tony is also the author of Managing Expectations and has trained many successful traders in varying types of markets, all over the world and leads a broker-dealer in a trading technology group. Hear Tony talk about:[03:20] Getting a Start as a Caddy and Accountant[09:25] Gaining 50% and Losing 80%[19:07] Doing Homework[21:10] Perfect Practice Makes Perfect[23:00] Mentorship in Trading[27:56] Goal Setting for Intended Targets[33:42] Picking a Strategy[38:32] Discipline in Trading[43:52] 70 Months of Six Figure Trading Profits Check out Tony on Twitter @ajsmarketwizardLimit 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 this Limit Up Rewind, Annie Duke, best-selling author, and former professional poker player, dives into why decision making can be so tough and discusses the importance of probability when it comes to pulling the trigger. While Annie Duke may be known best for her victories in professional poker, still holding the title for only female to have won the World Series of Poker Tournament of Champions and NBC National Poker Heads-up Championship, she is also an esteemed corporate speaker and an author of five books with her most recent and only widely released book becoming an instant bestseller. [02:45] Why our decision-making is so flawed[05:09] Decision-making evolves as humans do[05:33] How efficiency is often valued over accuracy[08:48] Pete Carroll and the “worst decision in football history”[17:09] We’re all “resulters” - thinking the outcome changes the quality of the decision[18:04] Thinking in terms of probabilities as the key to living with bad outcomes[21:23] Decision paralysis when not embracing uncertainty[23:17] How to be more consistent in decision-making[29:05] Having a bias vs. being objective[33:35] Physical and mental cues that inform our decision-making[43:52] Leaving your ego at the door[48:55] How to sharpen quick-thinking[54:14] Annie’s pre-competition routines[56:31] Managing losses[1:01:08] Learning from failures[1:03:33] Are some people luckier than others?Keep up with Annie on Twitter @AnnieDuke or through her website https://www.annieduke.com/. Also, be sure to check out HowIDecide.org, the educational nonprofit Annie cofounded, which is dedicated to ensuring students are equipped to be better decision-makers in the modern world and throughout their lives.Limit Up! is a podcast for traders of all levels brought to you by 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.

Lydia Finkley has a unique - and all too common - story. She was introduced to trading by her mother, an unusual start to a professional forex trading career. But from there, Lydia went through all the normal growing pains of a professional trader. She blew up two accounts, in short order, before scaling back drastically in her third. That's when she started to learn a lot about herself and the market. Since then, she's put a number of controls in place to ensure that she never experiences a loss like that again. [03:21] Getting the Trading Bug[05:34] Learning the Markets[08:41] Getting back on track after unsuccessful trades[11:22] Checking on the market at particular times[15:33] Finding a trading strategy[18:22] Cash as a position[22:23] What to do when you’re in a position you shouldn’t be in[24:16] Starting out in electronic trading[26:14] Scariest Trade vs. Best Trade Limit Up! is a podcast for traders of all levels brought to you by 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 this “Best of Limit Up!” rebroadcast, hear Mick Ieronimo, TopstepTrader’s risk manager, discuss his experience entering the trading world, the value of trading your own money, and how he became a risk-minded trader. While these days Mick helps manage firm assets across more than 175 traders worldwide, he got his start trading his own account as the trading assistant under Market Wizard Linda Bradford Raschke.[03:53] How Mick got his start in trading [06:17] Clerking in the wheat and corn pits[10:22] Determination to trade his own account[13:42] Risk management as the number one role for a trader[14:42] Having a plan vs flipping a coin[18:25] The hardest loss Mick ever took as a trader[22:21] Deadliest sin in trading; how greed sneaks up on you[26:59] Trading bigger than you should [28:46] Money as a byproduct of good trading [29:31] Working with Linda Raschke [32:54] The future of electronic tradingLimit 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 this “Best of Limit Up!” rebroadcast, hear Dr. Brett Steenbarger discuss his latest book, Trading Psychology 2.0, as well as some of his best tips on avoiding common pitfalls and how to keep a trading journal as a way to learn from trading mistakes. Dr. Brett Steenbarger is a multifaceted trading coach that specializes in the psychology of trading, having published four books and maintaining a blog on the subject. He also holds the position of Clinical Associate Professor at The State of New York College in Syracuse, New York. [03:56] What makes the best traders the best[05:57] Being self-aware in trading performance[07:36] Red Flags[11:42] Passion for trading vs. passion for markets[14:54] Core elements for a successful trading journal[24:07] Work, family, and personal life balance[24:47] Trading psychology 2.0 as an update on first book[25:36] What’s changed his thoughts on applied trading psychology[27:47] Open outcry vs. electronic trading[29:39] Common pitfalls: overtrading[31:20] Common pitfalls: not sticking to lost limits[33:06] Common pitfalls: overconfidence[34:56] Common Pitfalls: accepting losses[37:21] Dwelling on losing trades[38:56] One thing you’d tell your past self about trading[41:55] How to detach from markets[43:04] Growing a small trading account[44:40] Impatience in trading[45:58] Most important characteristics of a traderCheck out Dr. Brett Steenbarger’s Blog at http://traderfeed.blogspot.com/ and on Twitter @steenbabLimit 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.

On this special episode and Season 1 Finale of Limit Up!, John Hoagland and Mark Meadows talk with Linda Raschke about her newest book “Trading Sardines” and some of her personal highlights as a trader, including how she recovered from some of her biggest trading losses and how she built up the stomach for outlier events. Linda Raschke is a successful active trader and money manager with an impressive track record of almost forty years and an esteemed profile with Market Wizards. She is also a returning guest to the show. In Linda’s third second appearance on Limit Up!, hear her take on:[03:49] Her latest book Trading Sardines[06:07] What a formula for success looks like[08:02] Creating communities in trading[10:46] The importance of correcting mistakes immediately[13:17] Having the stomach for a big loss[15:23] Surviving outlier events[17:10] Investing in hogs when Swine Flu hit[19:05] How to manage emotions when trading[23:57] Watching the volatility in your bottom line[25:46] Why you might ignore your P&L after a big loss[28:16] Having a process and staying accountable[31:31] Finding success after a period of losses[33:19] Staying in the gameBe sure to catch up with Linda Raschke on Twitter @LindaRaschke and get a preview of her new book at lindaraschke.net. 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.

Tim Racette is a day trader of the E-mini futures markets and swing trader of stocks. He openly shares his methods throughout the trading community and is a regular speaker at the TradersEXPO’s. This week he talks with host Eddie Horn about the importance of setting realistic expectations when getting started in trading, risk assessment as a core competency and the value of staying focused on a clear vision. Listen to Tim’s take on:[05:52] How he got started trading[10:35] Good routines around premarket prep[14:25] Market growth and opportunity[17:57] Fair warnings for new traders[22:00] Tips for getting back on track after a failure[33:43] The importance of a trading journal[37:43] Top 3 traits that make up a winning traders mindset[43:10] Being intentional in building good trading habits[46:10] Keeping things simple, clarifying ideas and stepping away from trading on occasion to remain consistent through different market conditions[48:38] Using trading windows, time away and mindfulness to keep focused during the trading day[52:10] The Eddie Question: What’s your favorite saying and why?Be sure to catch up with Tim through Eminimind.com or find him on Twitter, Facebook and YouTube @eMiniMind. 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.

Daniel Ameduri is co-founder of the Future Money Trends newsletter, an authority for financial freedom and economic research in commodities, cryptocurrencies, personal finance, and income ideas. This week he joins host Eddie Horn to talk about how his financial journey started, basic financial market education and the future of cryptocurrencies.A self-made multi-millionaire, Daniel also has a YouTube channel, Future Money Trends, that has received 10 million video views. He’s also been featured in The Wall Street Journal and ABC World News. Hear Daniel talk about: [03:09] Where his financial journey got started[05:02] How to know what to invest in or if you should invest[08:01] Wealth prospects for the average person trading the markets[10:36] How to know what kind of stocks to invest in[13:08] What to focus on most when the markets are forever changing[16:44] Top 3 trends in the stock market right now[19:52] Trends with cannabis stocks[25:49] The relative perceived safety of Stocks vs Bonds[28:19] The main reason stocks have been heading up for years[29:50] What’s behind the improving economy[33:30] Futures and Commodities markets to watch this year[39:52] The perception that investing is a rigged game[43:52] What it takes to recover from a bad investment and try again[47:28] The future of Bitcoin and cryptocurrencies[51:55] What to teach your kids about money[56:20] Why he chose not to go to college[1:00:29] Eddie Question: What and when was you biggest “a-ha” moment or revelation?You can find Daniel and learn more about his new investments at futuremoneytrends.com.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.

Ben Lichtenstein joins Eddie this week to chat about the role emotion plays in trading, how to identify when you're trading with emotion and some tips & tricks about how to manage your emotions while trading.Before joining TD Ameritrade, Ben spent 25 years on the floor of the Chicago Mercantile Exchange. Ben has been a guest on several popular news shows including CNBC, Bloomberg TV, Bloomberg radio and has been published in numerous periodicals including Futures Magazine and Stocks and Commodities.Hear Ben talk about: [08:00] The least smart, most emotional trading decision he’s ever made[11:41] His take on trading with emotions and how to get past emotional trades[15:13] Managing emotions with a regular, consistent routine[21:33] The characteristics emotionally mature traders possess[28:33] Understanding the importance of controlled emotions[37:04] How to recognize when emotions are putting themselves in front of trading execution[41:40] Tools to help harness emotions when trading[50:51] His May 6th, 2010 Flash Crash play by play and the emotions he experienced at that time[1:00:57] The Eddie Question: What have you read online recently that has inspired you?You can find Ben through TD Ameritrade Network or via on Twitter or email.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.

Moritz Czubatinski joins Eddie this week to dig into one of the simplest and most beneficial tools a trader can use to improve their trading performance: the trading journal. And as the Co-Founder of Edgewonk, a professional trading journal, it’s a topic Moritz knows well. Before co-founding Edgewonk and Tradeciety, a community by traders for traders, Moritz studied philosophy in Germany, became a professional poker player and then applied his gambling skills to trading while traveling around the world, mainly through China and South East Asia.Check out Moritz’s take on: [05:12] What concept fueled the creation of Edgewonk[07:34] The importance of having a personal trading journal[08:29] Lessons learned to keep a poker journal[10:15] The most important stats to integrate into a trading journal[12:43] What role does gut instinct play in trading[15:46] What are some tools, used for a good journal[20:30] A trading diary vs a stats-based journal[23:09] Some good reminders to take valid setups[28:51] Luck as a factor in poker or trading[31:22] Different type of trading journals - learning, trading and psychological[33:00] A breakdown of a well-compiled journal[35:40] One thing every trader should have with them every day, beside a trading journalYou can find Moritz through edgewonk.com and www.tradeciety.com or on Twitter or Instagram as #stocktcm.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.

This week Eddie talks with recognized futures trading expert, Erich Senft about the keys to successful trading including why it’s so important to carve out a unique strategy that works for you. Erich is a registered CTA (Commodity Trading Advisor), designated Trader Kingdom Expert, trading teacher, coach, and President of Indicator Warehouse. [04:26] How Erich got his start in the trading world[05:40] What markets to follow and why[11:03] Adapting to market changes[15:23] Which indicator to use and why[21:17] Erich explains his dislike of risk/reward ratios[28:50] What Erich considers Wallstreet’s best-kept secret[34:43] The mindset a successful trader needs to have[40:19] Erich discusses some of the problems you see when coaching traders[45:01] Erich summarizes his viewpoint on the keys to successful tradingYou can find Erich through IndicatorWarehouse.com, on Twitter @IndicatorWH or email him directly at [email protected] 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.

Eddie takes a deep dive into the 2019 market direction with David Moadel, Chief Analyst and Opportunity Researcher for PortfolioWealthGlobal.com. In this wide-ranging discussion they cover everything from the likelihood of a near-term recession to a potential US-China trade deal, to retirement planning in the current market. [03:43] The likelihood of recession in 2019[09:34] Drivers of inflation right now[11:52] Why there is so much talk about the markets crashing again[14:23] How a conventional trader should view algorithmic trading[18:06] Where growth and safety-minded investors can get consistent yield and persistent earnings[21:45] The importance of portfolio diversification and variety in this market environment[26:19] Other markets that would coincide with David’s direction on Gold[31:37] David’s report on the US Bonds being toxic[34:09] The potential US-China trade deal on the horizon, and what investors can expect[37:05] Topics discussed at Portfolio Wealth Global[44:00] Things to think about when nearing retirement[47:38] The Eddie Question: If Hollywood called and wanted you to make a movie, what kind of movie would it be and who would star in it? Limit Up! is a podcast for traders of all levels brought to you by 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.

Mick Ieronimo, Risk Manager for TopstepTrader, joins Eddie Horn this week to talk about his work with Topstep’s funded traders. Mick dives into what it takes to get a Funded Account™, tips for successful trading, what trips up good traders and how to avoid self-sabotage. [02:32] How Mick’s first visit to the wheat pit at the age of 12 led to his career in trading[06:44] Mick talks about his role as Risk Manager at TopstepTrader[10:15] What characteristics Mick looks for in traders for the team[13:32] The importance of starting slowly with low-risk trading[15:47] Best ways to carry success from the Trading Combine® into a Funded Account™[25:39] How to find a market that fits and when to know a market isn’t right for you[33.50] What a trader should do after putting up a large winning day[37:45] And after a large losing day?[40:37] Mick give his thoughts on having a trading buddy[43:54] Mick’s top 3 tips for any trader trying to get funded[44:16] Knowing when to refine a trading strategy[45:13] Limiting your losses[46:00]Remembering to have fun[47:03] On the importance of keeping a trading journal[49:15] The Eddie Question: You’re throwing a party. What’s the theme of your party? What are you serving? Besides family and friends, you can invite any 3 famous people, past or present. Who would they be?Podcast episode production by Dante32.

This week Tracy Shuchart joins Eddie Horn as they dive into all the latest crude oil trading news. Tracy is an independent trader specializing in the energy markets. You can find her on twitter @chigrl and as a contributing expert at opportunistictrader.com.[01:44] What are your thoughts on where crude is moving?[05:51] Looking at technical analysis when deciding what to trade.[07:20] What type of trader best suits trading crude oil?[08:27] What’s the best time of day trade crude oil?[08:49] Tracy’s process for deciding her trade entries.[11:08] Should you trade based on comments/tweets?[13:41] Tracy’s thoughts on Saudi Arabia looking to leap the $50/$60/$70 barrels and to see a target $80?[15:22] How much of an impact does Russia really have on OPEC?[17:21] Tracy’s take on talk of Canadian reserves.[19:54] How closely do we need to watch weekly updates and government/cartel reports?[21:12] Why are the news wires expressing a slide in crude all the while we see WTI and Brent rising higher?Community Questions:[23:17] Do you prefer scalping or playing crude oil as a momentum play?[23:55] Do you actively look at the WTI/Brent spread or it's more of just a thing to observe nowadays?[24:20] How much do algorithms play a part in your trading, if any?[24:56] What are some of the other markets you trade and why?[25:40] Eddie Question: If you won 1 million dollars but must spend it in an hour, how would you spend it?Podcast episode production by Dante32.

This week Eddie Horn chats with 6-year TopstepTrader veteran Nick Dolby about his experience passing the Trading Combine®. Nick speaks openly about coming back from failure, how his scariest trades were any that were set to get him funded, and he gives some Trading Combine® tips for earning a Funded Account™. [03:25] Picking yourself back up after a failure[08:30] What to expect when signing up for a TopstepTrader Trading Combine®[10:17] Why the first step to getting funded, is not to think about getting funded[12:58] Nick talks about how his idea of discipline has evolved over his trading career[16:49] Finding trading styles that work for youIn this week’s round of Eddie Horn’s rapid-fire bonus questions, Nick reveals:[21:28] his favorite book on trading[22:26] what legendary trader he would love to study under[23:54] his one-word summary of society todayTo learn more about Nick’s experience with the Trading Combine®, find him in the TopstepTrader Facebook group or send him an email at [email protected] episode production by Dante32.

Eddie Horn talks with Matt Davio, former fund manager and current private investor with more than 30 years trading experience. Matt is also the founder of the Market Profile Trading Academy and in this episode he answers the most pressing questions traders have when using Market Profile, including some questions coming straight from the Topstep Trader Facebook community. [03:22] What is Market Profile?[05:41] How is Market Profile set up? How do you read a Market Profile chart?[07:39] Why has Market Profile worked for so long?[10:30] Market Profile vs Volume Profile?[11:34] Are there any certain products that Market Profile works better for?[12:31] What is the Point of Control and how should we use it?[15:37] Is there a best time for Market Profile?[18:49] What other market data does Matt Davio like to watch and use?[20:44] What is a traders biggest mistake?[25:34] What are some basic trading rules every trader needs to know?[37:32] Can we scalp using Market Profile in such a volatile market or should we just use it as a reference tool?[39:13] How do you apply Market Profile to a night session?[41:17] When trading a trend day on the Market Profile and you don’t get in early where do you look to enter and how do you define your risk?[44:41] If Matt Davio hosted a dinner for any 3 historical figures alive or dead who would he invite and what would he serve?Podcast episode production by Dante32.

In the second of a two-part special episode, Eddie Horn takes a look back at our first 50+ episodes; pulling highlights from some of the fantastic conversations he’s had with some of the biggest names in the trading world. [00:39] Michael Patak -- on lessons learned about practice, having a plan and how he turned his trading around[11:23] Anthony Crudele -- on how he overcame early losses to become successful[18:20] Anne-Marie Baiynd -- on why consistency is the key to being consistently profitable[22:22] Saul Shaoul -- on recommendations for trading day preparation[29:27] Annie Duke -- on decoupling the outcome from the decision-making processPodcast episode production by Dante32.

In the first of a two-part special episode, Eddie Horn takes a look back at our first 50+ episodes; pulling highlights from some of the fantastic conversations he’s had with some of the biggest names in the trading world. [00:47] Jack Schwager -- What goes into good trading[03:42] Brett Steenbarger -- What is it about successful traders that makes them successful[11:39] Linda Raschke -- Traders need to look at it as a profession over years of experience[15:33] Tony Saliba -- Kicking bad habits and creating a goal[24:36] Larry Benedict -- What is the makeup of a great traderPodcast episode production by Dante32.

In this episode, Tom Alexander goes in depth on the benefits of viewing markets through the lens of the auction process, using the market profile chart as a tool for viewing the auction and analyzing the market and outlines the common denominators of successful traders. [06:53] - Despite all the changes in the market over time, the auction process hasn't changed; which the market profile chart reveals, making it the most robust and objective way to analyze the market.[08:15] - Why Market Profile should be used as a tool for understanding the market and not as a trading system[16:32] - The number one reason traders fail is confirmation bias - they get overly invested in their beliefsCommon Denominators of Successful Traders:[18:23] - They remember the goal is to be a profitable trader, so stay open minded and not overly invested in their beliefs[20:19] - Resist confirmation bias and keep robust records of all trades, even the losing ones[23:53] - They’re patient and trade opportunistically rather than relying on trading a single market[26:56] - Why it's important to focus on the fundamentals... the blocking and tackling of trading[29:22] - How information overload has changed tradingTo learn more about Tom and Alexander Trading check out www.alexandertrading.com. Podcast episode production by Dante32.

Having learned some hard lessons himself, Michael Lydick has dedicated his career to educating and helping traders become and stay successful through changing markets. In this episode, Michael talks with Eddie about recovering from an account blowout early in his trading career, the biggest challenges traders face and common mistakes new traders make. Podcast episode production by Dante32.

With the explosion in the price of Natural Gas and the collapse in the price of Crude Oil, now was a natural time to talk to Irina Slav, a writer for OilPrice.com with more than a decade of experience in writing and research in energy prices. Irina talks about what's driving the price of Oil lower, why OPEC is becoming ineffective and trends in production, both in the U.S. and overseas. If you are looking for a primer on energy prices or to hear what the insiders think, this interview with Irina is a great place to start. Podcast episode production by Dante32.

One thing was clear after our interview with 30-year options and futures trading veteran Brian Lund: he has a solid view of his trading strategy and the why behind it. Without those two things, it would be very hard to making a living and career out of trading. In this interview, host Eddie Horn talks to Brian about how he got started trading, his approach to finding a strategy and why he is so methodical about position sizing. Podcast episode production by Dante32.

Peter Davies, founder of Jigsaw Trading, day trades the S&P 500 and helps traders by designing analytics and other trading tools. In this episode of Limit Up!, Eddie Horn and Peter talk about the worst thing to do when trading during heightened volatility, the appeal of futures over stocks, and the importance of having a consistent approach for trading volatility. Podcast episode production by Dante32.

Ray Burchett, Co-Founder of Accelerated Intelligence LLC and creator of the Intuitive Development Training, shares lessons learned over his 30 years of trading and a trader development experience with Eddie Horn. Ray defines his Golden Rule for trading, the top three elements of focus for successful traders and explains the importance of High Intuitive Function and how it differs from instinctive behavior. Podcast episode production by Dante32.

Trent Clark, served over 10 years in professional baseball as Director for Human Performance Development with the Detroit Tigers, two-time American league champion Cleveland Indians and the World Champion Los Angeles Angels of Anaheim. His development, management, mentorship, training, and leadership education came from coaching greats such as Sparky Anderson, Tom Izzo, Nick Saban, Mike Sosa, and Joe Madden. Trent shares the lessons he’s learned about the importance of setting goals, putting in the time, and recovering from setbacks. “There are two pains in this life; the pain of discipline or the pain of regret. You choose which one you want.” Podcast episode production by Dante32.

Over 30+ years trading, Saul Shaoul has found himself in a number of trades and situations - some of which he'd like back. Saul digs into three of his scariest trades and the lessons they taught him. He also digs into practical lessons he teaches traders every day, like why you should never have more than three losing trades in a row in a single day, and how you should set up your trading day. And he continues to focus on losses in his trading today, noting that, &quot;You have to work a lot harder to get it back than you did to give it away.&quot;

This interview with John Bougearel discusses his approach to technical analysis. John, a trader and chartered market technician, approaches markets as a discipline to study and definitely puts in the work to understand them. But John's analysis isn't about identifying the one truth in advance, but instead about looking at the range of market outcomes and which path is most likely by studying prior patterns.

Becoming consistently profitable takes time. In this episode, we talk with Anne-Marie Baiynd, a trader and technical analyst, about her journey toward becoming consistently profitable. In that journey, she realized that she was not consistent in any parts of her life, so why would she expect to be consistent in her trading performance. This is an interview that we did with Anne-Marie for the first time in March - right after February's spike in volatility. The parallels are uncanny. Enjoy.

There is no one better to connect the dots on what successful traders do than author and trader Jack Schwager. In this interview with Topstep's Eddie Horn, Jack goes over what he's learned from studying the performance and demeanor of the world's best traders. He also shares the best piece of advice he's learned over the years.

Annie Duke may be best known for her World Series of Poker Tournament of Champions win, but she’s taken her experience making high-risk decisions and turned it into a passion that she’s studied for two decades. Her book, Thinking in Bets (a must read), talks about how everyone, including traders, can make better decisions. In this interview, she talks about how to divorce outcomes from process, and offers actionable ways that traders can improve by changing their mindset. There is so much in this interview that you can take and enjoy.

John Kicklighter is a trader and the head analyst at DailyFX, which provides market commentary for traders, by traders. In this interview with Topstep's Eddie Horn, John talks about lessons he's learned trading equities, options, futures and forex and why he believes forex trading presents the best opportunities for retail traders. He also goes over factors influencing the U.S. Dollar and why he believes the trade war will cause the U.S. Dollar to weaken.

Steve Burns fell in love with markets at first trade. But in between then and now, he's put in a lot of work and effort both in his own trading and in educating new traders. His blog, New Trader U, attracts thousands of visits a month to read his trading insights. In this conversation, Eddie Horn and Steve talk about how Steve got into trading and some of the lessons he's learned over the years.

Thankfully, the slow summer trading months are over. That means that trading is ramping up. But with that, traders need to reset their mindset and prepare for active markets and additional opportunities. In this interview, trading psychologist Rande Howell discusses how traders can best set themselves and their minds up for success. Now is not the time to ignore your trading mindset. Get a leg up with this interview.