From Pit to Portfolio: Danny Riley on Merc Rivalries, 1987 Crash & Crypto | WealthWise - podcast episode cover

From Pit to Portfolio: Danny Riley on Merc Rivalries, 1987 Crash & Crypto | WealthWise

Jun 10, 20251 hr 20 min
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Episode description

In this must-watch episode of WealthWise, host ⁠⁠Jeffrey Hirsch⁠⁠ welcomes ⁠⁠Danny Riley⁠⁠, a legendary figure in trading and CEO of ⁠⁠MrTopStep.com⁠⁠, to discuss his transformative path from floor runner to institutional innovator. Highlights include: 👉Early career: Starting in 1979 as a runner on the CBOT grain floor, advancing to the bond room, and eventually building the largest‑volume S&P futures desk on the CME Merc pit. 👉Pit rivalries: Insights into the cultural clash between the Merc and CBOT, and navigating the competitive, often shady practices like front‑running. 👉Market crises: First‑hand account of executing massive sell orders during the 1987 crash, exploring how liquidity dried up and drawing parallels to the 2008 financial meltdown. 👉Modern markets: Discussion on today's price-volume disconnect, geopolitical risks affecting the U.S. dollar, and where hidden risks may lie. 👉Crypto & retirement: Riley advocates for including cryptocurrency in long-term portfolios and underscores the importance of mental resilience in high-stress trading environments. 👉New venture: Introducing Pitbull Trader, a next-gen prop firm launching June 2, 2025, aimed at empowering traders with education, funding, and institutional-grade tools. 👉Tech edge: How Riley leverages NYSE imbalance data to identify late-day market trends. This episode is essential for traders at every level—whether you trade futures, crypto, or equities—delivering timeless wisdom and cutting-edge perspectives. 📺 Listen to the full episode now! 🔔 ⁠⁠Subscribe to CrossCheck Media on YouTube⁠⁠ for more expert interviews and market analysis. ⁠⁠#WealthWise⁠⁠ ⁠⁠#DannyRiley⁠⁠ ⁠⁠#MrTopStep⁠⁠ ⁠⁠#PitbullTrader⁠⁠ ⁠⁠#FuturesTrading⁠⁠ ⁠⁠#CME⁠⁠ ⁠⁠#MercPit⁠⁠ ⁠⁠#MarketCrash⁠⁠ ⁠⁠#CryptoInvesting⁠⁠ ⁠⁠#TradingPsychology⁠⁠ ⁠⁠#SPEquities⁠⁠ ⁠⁠#NYSEImbalance⁠⁠ ⁠⁠#JeffreyHirsch⁠⁠ ⁠⁠#CrossCheckMedia⁠⁠ ⁠⁠#TradingHistory⁠⁠ ⁠⁠#AlternativeInvestments⁠⁠ ⁠⁠#BTT⁠⁠ ⁠⁠#BizTalkTodayTV⁠⁠ ⁠⁠#News⁠⁠ ⁠⁠#Investing⁠⁠ ⁠⁠#Trading⁠⁠ ⁠⁠#WallStreet⁠⁠ ⁠⁠#Chicago
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