Nico, who goes by @InefficientMrkt on Twitter, is an intraday equities trader. His area of expertise lies in low float, micro cap stocks, near-exclusively playing the short side of overextended moves. Nico and I spoke almost exactly 3 years ago on episode 96—which was memorably titled, "An 8-year overnight success story." Now picking up where we left off, we discuss what's been happening as of late... The most notable development being; after many years trading retail, Nico has gone into proprie...
Oct 30, 2019•1 hr 17 min•Ep. 182
This episode features high-profile American businessman, Robert Greifeld, who from 2003-2017 served as the CEO at Nasdaq—one of the world's largest and widely known financial exchanges. Bob came into this role at a time when Nasdaq was on the verge of an internal crisis, he was tasked with turning it around and making transformational change. Throughout our conversation, he tells of the critical moments and drastic actions, insight to Nasdaq's many acquisitions and its business model, plus lesso...
Oct 15, 2019•53 min•Ep. 181
There’s no other way to say it; Larry Hite is the definition of a market veteran, he’s someone who first developed an interest for trading and markets during the 60’s… Besides a reputation for extreme risk management, Larry is perhaps best known as co-founding Mint Investments—a hedge fund formed in 1981. He’s also considered to be one of the forefathers of trading systems and a pioneer of trend following. By 1988, Mint achieved an average annual compounded return of over 30%—it’s best year bein...
Sep 24, 2019•1 hr 1 min•Ep. 180
For many, this will likely be the first time hearing about Mike Komaransky, but those who know him already, know him as a Bitcoin OG—and deservedly so, as he began accumulating the cryptocurrency around 2010. Though Mike has been a professional trader of fixed income derivatives since 2001, when he joined powerhouse trading firm DRW. Mike later became a partner at DRW, and in 2014 he launched its cryptocurrency trading business Cumberland—which grew to become one of the world’s largest market ma...
Aug 27, 2019•1 hr 24 min•Ep. 179
Returning guest Nick Radge is a systematic trader of trend following, momentum and mean reversion strategies—which he runs across Australian and U.S. equity markets. When I asked Nick if he'd be willing to do another podcast, I said to him, "This time around, I'd like to discuss something very specific with you; how to create a simple trend following system." So, that's exactly what we did; a complete breakdown of Nick's process. This includes details about strategy objectives and idea generatio...
Aug 06, 2019•1 hr 32 min•Ep. 178
This episode features Sam Bankman-Fried, who’s trading skill originated from 3-years at Jane Street—a proprietary trading firm renown for being one of the world’s largest ETF liquidity providers. In late-2017, Sam relocated to Hong Kong and began his foray into the cryptocurrency market when he co-founded Alameda Research. Alameda trade a range of quantitative strategies—such as statistical arbitrage and market making—which are mostly automated, but with a layer of human intervention. Within 2-y...
Jul 22, 2019•1 hr 8 min•Ep. 177
This episode takes on a slightly different format to normal. Essentially, it’s a response to an email that I received from a listener… The email comes from a gentleman who’s 38 years old with a full-time job, his wife is currently studying and he has three kids. He also has the goal to transition out of his current career into full-time trading, but he has a family who are dependent on his income. And that’s the part he has questions about. Therefore, I asked Alex (@TAGRtrades) if he’d be willin...
Jun 21, 2019•54 min•Ep. 176
Jonathan Shapiro's a senior reporter at the Australian Financial Review. While he writes about a range of subjects from banking to hedge funds to private equity, he's renown for stories that uncover dishonesty and the crafty schemes of listed companies—for which, he's won several awards. Our conversation begins with Jonathan telling the story of Blue Sky Alternative, a fund manager that came unstuck following the release of a short sellers research report. From there, we roll into a very detaile...
May 30, 2019•1 hr 17 min•Ep. 175
’d like you to meet part-time Bollywood DJ, full-time equities trader: Nishant Porbanderwalla. For the past 12-years and ever since leaving college, Nish has been a proprietary trader at Kershner Trading Group—KTG is a trading firm in Austin (Texas) founded by Andy Kershner, who appeared back on episode 128. Nish was very open in talking about the ups and downs he’s endured throughout his career, including actual PnL and the psychological states. He also tells an incredible story from trading th...
May 08, 2019•1 hr 11 min•Ep. 174
After appearing on Chat With Traders last year for episode 156, Michael Katz returns: Mike’s a short-term equities trader and managing partner of proprietary trading firm Seven Points Capital. The purpose of doing this episode was to have a very specific and detailed discussion about how Mike traded ride share company Lyft on the first day of its IPO (Mar 29). And to make it easier for you to follow along with our discussion, I’ve included intraday charts with Mike’s entries and exits in the sho...
Apr 09, 2019•1 hr•Ep. 173
Anthony is a proprietary futures trader from Sydney, with 10-years market experience. He's active—particularly during the night—in a range of products, such as; Australian and U.S. bonds, equity indices, currencies and a few commodities. While he's a click trader, Anthony is quite systematic with his processes and strategies—which are mostly trading spreads between correlated products. Naturally, we speak about many things during this episode, but one of the highlights was hearing about how Anth...
Mar 15, 2019•1 hr 23 min•Ep. 172
It’s with great pleasure that I introduce to you, Stan Gluzman; an intraday equities trader at proprietary trading firm Seven Points Capital. Stan also heads up a small team of junior traders at one of the firms’ additional offices—outside of New York—in Fort Lauderdale, Florida. We discuss Stan’s path to consistent profitability as a prop trader, and then we get into specifics about the various strategies that Stan has traded in recent years—including the actual strategies that he implements to...
Feb 16, 2019•1 hr 20 min•Ep. 171
My guest on this episode is Joshua Greenwald, the CEO of a newly formed crypto derivatives exchange, LXDX. But the part that got me keen to speak with Josh, was the fact that he was a professional trader for more than 10-years prior… Josh started his career at DRW Trading in Chicago, he then left after six years and went on to co-found Greenlight Trading—a proprietary firm specializing in low-latency options market making, almost exclusively for Asian markets. Greenlight grew to be a team of app...
Jan 17, 2019•1 hr 17 min•Ep. 170
Jack Ma is a proprietary futures trader from Sydney and the head trader of Minter Capital—a firm he established this year, in which he currently mentors and backs a group of developing traders. Jack trades an “inventory style” in the market of Australian 90-Day Bank Bills—continually working structures around his expectations of yield strip movements, with minimal exposure to outright risk. He also trades Australian 3-year and 10-year Government Bonds, but predominantly during rolls (contract ex...
Dec 20, 2018•1 hr 30 min•Ep. 169
If you’ve been through the archives, then this weeks guest will be no stranger; it’s the options madman and trader of 10+ years, Anand “Lucci” Sanghvi. Lucci was one of the first guests to appear on Chat With Traders—back in 2015. As you can imagine, there’s been plenty happening since then, so we took this opportunity to catch up… Topics of discussion range from life in Puerto Rico, dealing with taxes as a trader, a failed hedge fund, what’s been working for Lucci in equity options—and how he’s...
Nov 28, 2018•1 hr 36 min•Ep. 168
Bobby Cho is the global head of trading at Cumberland—which is the crypto arm of Chicago trading firm, DRW and it’s one of the largest liquidity providers in the space. Prior to this, Bobby was director of trading at itBit and vice president of trading at Digital Currency Group (formerly known as SecondMarket). After featuring on the podcast in August last year, I thought it would be fitting to check in with Bobby again, because of the events which have unfolded in cryptocurrency markets over th...
Oct 31, 2018•51 min•Ep. 167
For this episode, I speak with Hugo Bowne-Anderson; a data scientist at DataCamp (an educational platform for learning to code) and host of the DataFramed podcast. The idea for asking Hugo to appear on this episode, was to chat about learning a programming language. Because for some traders, having the ability to write code can have great advantages—such as having the ability to collect stats on market behavior, perform research in a robust data-driven way, visualize large amounts of data, backt...
Sep 27, 2018•59 min•Ep. 166
I was introduced to this weeks guest by an experienced trader and fund manager, who described him as being "hands down the best trader I know..." Michael Samuels is an equities trader, who once traded for First New York and Apex Capital, he now trades his own money under the banner of Broome Street Capital. Michael describes himself as being an 'event driven trader' with a primary focus on news flow surrounding mergers and acquisitions, shareholder activism and fundamentals—to seek out valuation...
Sep 10, 2018•1 hr 4 min•Ep. 165
Nick Fabrio is an exceptional day trader. With a bias for short selling and playing catalysts on the Australian stock market, Nick had surpassed a million dollars in trading profits within his first three years. And all along, he’s been a self-directed ‘retail’ trader. Although he currently lives in Texas, Nick and I were able to catch up, sit down and record this podcast while he was back in Sydney last month. We got talking about many things; from dealing chips at The Star casino to receiving ...
Aug 01, 2018•1 hr 27 min•Ep. 164
This special episode of Chat With Traders was recorded in June 2018, in front of a live audience in Sydney. It’s a conversation I had with John Moulton, though better known as Rambo. John’s a serious trader, and for good reason, he’s considered to be somewhat of a legend trader in Australia… In short, John left the Chicago trading pits in the 80’s, bound for the Sydney Futures Exchange. During the years that followed, he became a VERY large spread trader of Government Bonds and Bank Bills—he was...
Jul 04, 2018•1 hr 15 min•Ep. 163
Returning for this episode, is Mike Bellafiore—the co-founder of New York City prop trading firm, SMB Capital. Mike is also the author of One Good Trade and The Playbook, and he was the featured guest on episode 022. As the title suggests, the purpose of our conversation is to breakdown how you can formulate a plan for becoming a 7-figure day trader. Mike is well-qualified to speak on this subject, because he’s mentored and lead traders within his own firm to reach this level of trading success....
May 12, 2018•1 hr 13 min•Ep. 162
For this episode, I got to catch up with Mike Agne (@EconEmotions). I know some of you will be well acquainted with Mike; I first interviewed him last year in New York—in person for a live event, and then he was on the podcast in August last year too. Mike’s trading experience runs deep in bonds/fixed income, also index futures and options. And for a long time he was a prop trader at the renown TransMarket Group. Additionally, Mike writes an excellent weekly newsletter about global markets. Catc...
Apr 21, 2018•1 hr 3 min•Ep. 161
For this episode of Chat With Traders podcast, ironically, I’m not chatting with a trader. Instead, I’m speaking with Kimberly Trautmann and she’s Head of DRW Venture Capital. DRW began as a Chicago trading firm, founded by Don Wilson 25 years ago. Since then, it has grown to be one of the world’s largest firms, with offices in six major cities around the globe and over 800 employees. It has also become much more than solely a trading firm—the firm’s operations have extended to cryptocurrency ma...
Mar 11, 2018•44 min•Ep. 160
I was recently introduced to Greg Newman by James King [Episode 133]. The two previously worked together at Mandara Capital, a London Trading firm… There, James was the performance director (with a background in sports science), and Greg was head of a highly successful oil trading desk—which he built from the ground up in three years, with some guidance from James for overcoming obstacles. Now, Greg remains a serious participant in oil derivatives and has gone on to become a founding partner of ...
Feb 25, 2018•1 hr 20 min•Ep. 159
Phil Goedeker has been trading stocks for, roughly, 15 years. He started young, in college, made a truckload of money in a short period of time, which then afforded him the luxury of never having to work a “real job.” Admittedly, Phil will tell you, luck was a major factor early on. Nonetheless, he’s been abundantly successful since, and has continued trading—now with a strategy, with rules and with an edge. Phil’s way of trading is to short parabolic moves—on low float stocks which have been se...
Feb 10, 2018•1 hr 2 min•Ep. 158
When Alex (@TAGRtrades) was on CWT for the first time—Episode 119, he was beginning to make head way as a full-time day trader, since abandoning a secure job in recent years. But since then, he’s really stepped it up a notch… Alex started 2017 with an account balance of $32,000 and finished the year with a compounded return of 1,400%. But what makes things more significant, is how he was able to achieve this with minimal drawdown. Over the course of this episode, you’re going to hear Alex and I ...
Jan 27, 2018•1 hr 3 min•Ep. 157
Michael Katz is an active day trader and the managing partner of New York prop trading firm, Seven Points Capital. Mike and his firm, are large volume participants in U.S. equity markets, and to a lesser extent, futures and options too. In this episode, Mike discusses the things which have attributed most to his consistency over the years, insight to his momentum strategies, and how he’s able to turnover millions of shares each month, and of course, plenty more. Learn more about your ad choices....
Jan 13, 2018•1 hr 1 min•Ep. 156
Anthony Saliba, an original Market Wizard, was first on episode 107. On that episode, we mostly discussed Tony’s life as a trader and related subjects. But one area we didn’t get into too much, was his life as a parallel entrepreneur and an investor. So, I mentioned to Tony, this time around, it’s something I’m keen to hear a lot more about. Because his success extends far beyond trading alone… For example; LiquidPoint, an options execution and technology firm which Tony founded, was acquired in...
Dec 29, 2017•1 hr 25 min•Ep. 155
Andreas Koukorinis lives in London and in 2013 he co-founded Stratagem Technologies—a tech startup using AI and machine learning to trade sports as a financial product. These sports predominately include; football, tennis and basketball. But for Andreas, his roots are in trading instruments and markets that most of us are more accustomed to. He’s worked for the likes of Morgan Stanley and Deutsche Bank, and before Strategem came to be, he was trading at DeepValue. From listening to this episode,...
Dec 16, 2017•59 min•Ep. 154
Xiao Qiao is a research analyst for a Connecticut-based hedge fund, focused on trading commodity futures. He graduated with a PhD in Finance—and was a teaching assistant to renown economist Eugene Fama. Notably, Xiao has also worked directly with trading legend Blair Hull on two quantitative research projects, which concern market timing and return predictability. The main objective of this episode with Xiao, is to learn how a research analyst thinks about things directly related to research, an...
Dec 07, 2017•1 hr 6 min•Ep. 153
