Recency bias means that you pay the most attention to the last thing you heard or said over historic knowledge. For many traders that means that because the markets have been going up that they will always go up. Chris Tate is a trading veteran and the Director at Trading Game. He joined Jack and Dan to discuss this phenomenon. Chris has been a trader for over 30 years and has seen it all. He makes the case for training yourself to be comfortable with discomfort, honing your money management ski...
Oct 09, 2020•51 min•Ep. 150
Hollywood has given many would-be traders a warped perception of what it actually means to be a trader. The truth is, trading isn’t a get rich quick scheme so much as a skill that needs to be developed. Akil Stokes is a trading coach and co-founder of Tier One Trading. He joins Dan this week to debunk some of the myths around trading. Akil also takes time to break down Forex trading and discusses why trading psychology is the most important piece when it comes to making successful trades. Listen...
Oct 02, 2020•46 min•Ep. 149
Elections have the power to turn markets into chaos. Just look back at 2016 and Brexit to see the uncertainty and volatility. We can’t tell you who will win the 2020 election, but we can tell you how to plan your trades for the weeks leading up to November 3. This week on Limit Up! we’re hosting a panel discussion about the strategy of trading around election time. If you’re unsure how election modeling works or want to know what usually happens in the futures market around elections, tune in so...
Sep 25, 2020•40 min•Ep. 148
When you’re a trader, wins are fleeting, and hypervigilance is key to not losing money. This can create a high degree of stress and uncertainty. Adam Boostrom is a former trader turned author, investor, and startup founder. He sat down with Jack and Dan to discuss his life beyond the trading floor. These days, Adam is following the Warren Buffet approach and focusing his time and energy on the things he’s most interested in. Listen for our latest market reaction and a discussion on knowing when ...
Sep 18, 2020•52 min•Ep. 147
Interested in getting involved in structured note trading? Our guest this week on Limit Up! is Biju Kulathakal, founder of Halo Investing and a huge proponent of this type of trade. He offers up a convenient guide to structured note trading and how risk is assessed. Biju did not get into trading via the traditional route. After starting his career as an aerospace engineer, he found quantitative analysis and trading models similar to the problems he faced as an engineer. Listen to the episode for...
Sep 11, 2020•43 min•Ep. 146
When it comes to trading, Gary Morrow, investment advisor and President of Yosemite Asset Management, considers himself a bull. He was around for the 1987 crash and currently counsels investors both in his private practice and on his popular blog, This Week on Wall Street. His advice for nervous traders: embrace the decline. Gary joined Jack and Dan for a discussion on his life as a trader and his biggest tips for new investors. He encourages traders to grow their confidence and systems, so they...
Sep 04, 2020•45 min•Ep. 145
This week on Limit Up! we’re welcoming back to the podcast Bob Greifeld, the former CEO of Nasdaq and current Chairman of Virtu Financial. Over the past 20 years, Bob has witnessed a tremendous shift in the trading industry. He joins us today to talk about how things have changed and what he sees ahead for retail trading. Bob touched on issues of technology, speed, and the importance of data and gave an overview of how his new company Virtu Financial works. As always, stay tuned for our market r...
Aug 28, 2020•39 min•Ep. 144
Gary Antonacci wrote the award-winning book, Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk . He’s back for his second time on the Limit Up! Podcast to give us an overview of his theory of dual momentum. He shared how this theory takes into account 200 years of market trend information and explains how this system can make you more adaptable to the changing whims of the market. Listen to learn how a monthly analysis of trends can make you a more competitive tr...
Aug 21, 2020•43 min•Ep. 143
If you’ve only been trading S&P futures, you’re missing out on the flexibility and diversity of commodities trading. David Klusendorf is the Chief Investment Officer at Typhon Capital Management and joined Jack and Dan to give an overview on how you can benefit from a CTA. David is a trading veteran and was around for the 1987 crash. He discusses what happened that day and the differences he sees between then and our current market volatility. He also shares current trends as well as the mos...
Aug 14, 2020•50 min•Ep. 142
Jane Gallina was laid off when she was pregnant with her first child. Instead of letting the layoff get her down, she immersed herself in day trading and was able to create a career for herself on her terms. Now Jane runs the popular day trading site, See Jane Trade. She stopped by the Limit Up! Podcast to talk about what she’s learned from bouncing around careers, how to break up with a bad trade, and how to balance the demands of trading with the demands of motherhood. (02:59) – Interview with...
Aug 07, 2020•39 min•Ep. 141
Macro-managers look to the big picture when it comes to making trades. While it’s necessary to look at the long game, if you only focus on the macro, you’re missing out on what’s happening in the short term. Our guest this week on Limit Up! is Samantha LaDuc, a Macro-to-Micro Analyst who shares how to keep your eyes on both to make the best trades. Samantha shared how she got into trading and offers advice for new traders cutting their teeth in our current volatile market. She also discussed her...
Jul 31, 2020•48 min•Ep. 140
To be a successful trader, you don’t need to make 30 trades a day and drive a Lamborghini (although that’s always the dream). Sometimes the most effective strategy, especially right now with all the market volatility, is to get back to the trading basics. This week on Limit Up!, The Trader Chick, Marina Villatoro, joins us to talk about simplifying your trading process. Marina has a fascinating life story; she was born in the USSR, moved to America, began traveling the world and ended up married...
Jul 24, 2020•47 min•Ep. 139
Troy Prince grew up in the Bronx, one of the most impoverished zip codes in America even though it was just 11 miles from the New York Stock Exchange. Thanks to an early interest in trading piqued by a social studies class, he knew from age 17 that he would be a trader. This took him on a journey around the globe trading at international firms from Spain to Japan and Vietnam. These days, Troy is trying to use his social capital to get more diverse traders on the floor with his programs Wall Stre...
Jul 17, 2020•49 min•Ep. 138
Elon Musk, like Steve Jobs before him, is a brilliant marketer. In a sense, when you invest in Tesla, you’re really investing in Elon Musk. This week, Jack and Dan are taking some time to break down why Tesla stock is so volatile and offer advice for those looking to trade in the company. They round things out with a discussion on summer trades. Every summer has a different flow from the other seasons, but with a pandemic, things are going to look even weirder than usual. Jack and Dan share how ...
Jul 10, 2020•39 min•Ep. 137
Social media has taken over the globe, it was only a matter of time before it hit the world of trading. Matt Miller began trading penny stocks as a teen. From there, he learned more about trading from YouTube videos and TopstepTrader. These days, Matt is taking things a step further and live streaming his own trades. Matt joined Jack and Dan to talk about the discipline it takes to trade live as well as the qualities to hone for greater trading longevity. Listen to learn more about how social me...
Jul 03, 2020•45 min•Ep. 136
In the US, we do a horrible job of training young people for financial success, let alone how the stock market works. Our guest today, Casey Stubbs, is on a mission to educate the masses on how the market works and how to make the best trades. Casey joined Jack and Dan to share his morning routines as well as his daily processes to ensure success. He also shares his thoughts on what’s happening with the Robinhood app and how he is teaching his 20-year-old daughter to be a strong trader as a skil...
Jun 26, 2020•44 min•Ep. 135
Exchange Traded Funds, or ETFs, sound intimidating, but are just another tool to add to your trading portfolio. These funds trade pretty much the same as a stock but are comprised of many different companies as opposed to just one. William Rhind is the man who pioneered this form of trade and is hitting great success with his company GraniteShares. William talked to Jack and Dan about the basics of this form of trading. He discussed how much capital is needed, how the funds work, and even shared...
Jun 19, 2020•44 min•Ep. 134
This week, John Doherty of TopstepTrader is joining us on the Limit Up! Podcast for a panel discussion. John recently wrote an article for the Topstep blog called, “ The Basics of Support and Resistance .” For today’s discussion, we’re diving into these two terms and both John and Dan walk us through how support and resistance affected recent trades. Next, we’ll take a look at the current state of the market and make some forecasts on the month ahead. Listen in and check out John’s article for m...
Jun 12, 2020•42 min•Ep. 133
We’ve been saying this for months now, but people are feeling a lot of uncertainty with the current market and don’t even know where to begin. This week on Limit Up! Jack and Dan brought in psychologist Dr. Andrew Menaker to offer advice on dealing with this turbulence from a mental standpoint. Dr. Menaker discussed what the difference is between feelings and emotions – words we use interchangeably but mean different things. He has some great tips for day traders interested in micro-contracts an...
Jun 04, 2020•39 min•Ep. 132
Since its heyday in the 80s, retail trading hasn’t been hugely popular. But now, especially in the last two months of market fluctuations, retail trading seems to be entering a new golden age. It wasn’t even the pandemic that got this ball rolling, Younger generations have been dipping their toes in the industry ever since the boom of crypto. This week on Limit Up! we’re joined by TopstepTrader’s very own founder and Chief Visionary Officer Michael Patak. Michael chatted with Jack and Dan about ...
May 29, 2020•52 min•Ep. 131
Everything in the trading industry is moving at warp speed right now with more uncertainty than we’ve seen since 1987. With emotions running high, this is a breeding ground for human error. The big firms all have software development teams that help automate parts of the trading process to make life easier for their traders. But what about the little guys, the retail traders who can’t necessarily afford the splashy tools? Enter into the picture, SharkIndicators, a software development company de...
May 22, 2020•57 min•Ep. 130
After two months of huge declines, the market has seen some slight rallies in the last few weeks. Not enough that we would say we’re out of the woods, but enough to offer some hope for freaked out traders everywhere. On this week’s episode of Limit Up! Jack and Dan spoke to Kirk du Plessis of Option Alpha to find out how it’s going for options trading. Kirk has noticed that the current volatility is attracting passive investors lured in by the bullish trap. But it’s important to remember that no...
May 14, 2020•59 min•Ep. 129
With 30 million and counting on unemployment thanks to our friend COVID-19, now more than ever it’s imperative to have a recession-proof skill. Just ask our guest today Anka Metcalf. Anka is a day trade veteran who also coaches and provides education at her website Trade Out Loud. Today she’s talking to Jack and Dan about what it’s like trading on the futures market. Anka discusses how she has honed her trading strategy over the years (strategies aren’t static, they evolve) and makes a case for ...
May 08, 2020•52 min•Ep. 128
A few years ago, Sean Kozak, President of NeuroStreet Trading Academy, spoke with a friend leading a neuroscience lab. The lab was developing a program to give the Manchester United soccer team a cognitive advantage on the field. Sean wondered, why don’t we have this for traders? Today, Sean’s company provides trading software and education with a neuroscience twist. Through daily cognitive exercises, traders strengthen their brains to help them make better trades. Sean dropped by Limit Up! to d...
May 01, 2020•59 min•Ep. 127
No one ever thought it was possible for oil to go negative…but here we are. This week we’re talking about the craziness of what’s happening to oil before moving to an interview with Aaron Gose of Wingtrades. Aaron has a really interesting background. He was in the Navy and he studied engineering. He’s a perfect example of how traders can come from any background – finance and economics aren’t the only options. Aaron, Jack, and Dan discuss how quarantine has affected trading and the importance of...
Apr 24, 2020•55 min•Ep. 126
Every trader’s story is unique. Not every trader comes up the traditional route through banks or other firms. One such person is Jerremy Newsome of Real Life Trading . Jerremy has one of the best trading origin stories we’ve ever heard. He dropped in to Limit Up! today to share how the movie Forrest Gump changed his life and chatted about the strategies he’s using to trade during these times of uncertainty. Jerremy is the definition of a hustler and his story will inspire all the self-taught tra...
Apr 17, 2020•51 min•Ep. 125
A big issue for many traders right now is deciding whether to cash in on the opportunity inherent in the current market, or to be more conservative and sit this one out. If you’ve been wondering about the psychology of trading and how that plays into current decision making, Rich Friesen of Mind Muscles for Traders is here with a host of techniques to help you keep your head on straight. Rich shared with us why it’s imperative to drop down to your core strengths and retrain your brain to encoura...
Apr 10, 2020•55 min•Ep. 124
“When we get into these very emotion-driven markets like this. You have to buy the rumor, sell the news.” – Tim Racette Even when markets aren’t on a roller coaster ride, it’s good practice to rely on diversified tools as opposed to changing your strategy to fit market whims. Tim Racette, a trader with Eminimind, does both swing trading and day trading. This approach has allowed him to ride the waves while still making a profit. Tim joined Jack and Dan for a discussion on the benefits of swing t...
Apr 03, 2020•53 min•Ep. 123
The market is so volatile, we’ve run out of synonyms for volatile. But Peter Davies, CEO of Jigsaw Trading, reminds us that we’ve been here before. The market is cyclical and will rebound eventually. With things changing by the minute, it’s almost impossible to properly manage risk doing day trades. Instead, Peter encourages traders to think like investors and trade with the long game in mind. He explains a bit about his company, Jigsaw Trading, and how it can help traders learn the skills neces...
Mar 27, 2020•1 hr 1 min•Ep. 122
If you’re an active trader, the last week has probably felt like years. With instability comes panic so we decided to talk to a veteran trader about how to stick with trading during a bear market. John Zumpano began his trading career in 1986…a year before the infamous 1987 stock market crash. John talks us through the differences between what we’re seeing now versus what happened in 1987 and 2008. He also talks about why the market is always worse right before it turns and shares a story of hum...
Mar 20, 2020•49 min•Ep. 121
