Trading isn’t just about making money moves. Research is an essential part of the process. Jack and Dan talk about doing your due diligence before a trade, how research gives you an edge, and the importance of learning the quirks of specific markets. They also discuss the pros and cons of different news and research sources and why charts should be the first and last stop when doing analysis. To end the episode, Jack and Dan take a moment to look back on the 2010 Flash Crash. Limit Up! is a podc...
May 06, 2021•36 min•Ep. 180
Focus is essential to profitable trading. Jack and Dan talk about staying focused, the warning signs of losing concentration, and trader burnout. They also discuss making money versus managing money and take a look at Bitcoin and NFTs’ long term viability in the markets. --- Limit Up! is a podcast brought to you by Topstep about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jac...
Apr 29, 2021•34 min•Ep. 179
Pilots train to fly in simulators before they ever get into a plane. At Topstep, we believe that trading in simulators is a safer way to learn the ins and outs of trading than just throwing yourself into the live market. But how do you know if your strategy that works so well in a sim will carry over to the floor? This week on Limit Up! Podcast, Jack and Dan are joined by Topstep founder Michael Patak. They talk about the golden age of trading when scalping was the go-to and talk about how that ...
Apr 22, 2021•43 min•Ep. 178
We all want to be confident traders. But there is a huge difference between confidence and competence. In part two of our series with Mental Game Coach Jared Tendler, we’re talking about how confidence in and of itself should not be your goal. Jared walks us through the Dunning Kruger Effect (think American Idol contestants who have no idea how bad they are) and shares how to avoid this pitfall. Jack and Dan also make some truly terrible predictions for the Master’s and round things out with tip...
Apr 15, 2021•30 min•Ep. 177
Emotions cannot be eliminated. Instead of trying to push away strong emotions, traders need to learn what the emotion is really trying to tell you. Jared Tendler is a Mental Game Coach and expert in performance psychology. He talked to Jack and Dan on this week’s edition of Limit Up! about his latest book, The Mental Game of Trading . Jared has successfully coached professional golfers, gamers, and poker players and now is shining a light on performance psychology. Listen to this fascinating dis...
Apr 08, 2021•29 min•Ep. 176
For Jack, trading began with some trading tips from his grandfather. Dan grew up in a trading household. These experiences shaped their lives, however, even with that exposure trading can only be successful when you have the desire and the interest. On this week’s edition of Limit Up! Podcast, Jack and Dan are sharing their personal stories of how they discovered their future careers. They also discuss ways to maintain your trading edge and why adaptability is the most important quality for trad...
Apr 01, 2021•35 min•Ep. 175
Most novice traders want to know the stats of more experienced traders. However, a better question to ask yourself is, “What are my personal strengths and weaknesses?” If you know the conditions under which you thrive as well as what makes you tick, you will be more successful. In the business world, this is called SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats). This week on Limit Up! Podcast, Jack and Dan are sharing their personal strengths and weaknesses to help you better ...
Mar 25, 2021•40 min•Ep. 174
If you’re down on your luck, take a break from trading. If you’re on a hot streak, take a break from trading. There are countless stories of people getting in over their heads which is why knowing your out is one of the most important skills to develop. This week on the podcast Jack and Dan define “going on tilt.” Listen to learn the history of the term and the lessons to take from traders such as Evan Dooley. Market Mania is happening soon so don’t forget to fill out your brackets! (02:23) - Ma...
Mar 18, 2021•37 min•Ep. 173
The GameStop drama in January and February has given a lot of attention to social sites like the WallStreetBets Reddit page. But what are the pros and cons to making trades based off of information gleaned from social media? This week on Limit Up! Podcast, Jack and Dan talk about how WallStreetBets and Discord have changed the game. They offer advice on what to look out for and what to stay away from when making social trades. Listen for their advice. (02:04) - Social trading (03:32) - Market Ma...
Mar 11, 2021•35 min•Ep. 172
You can’t trade for 23 hours a day. Eventually, you’re going to hit a breaking point. With so much money to be made in the stock market, it’s easy to want to push through and keep going. But you really need to take time off and pace yourself. This week on Limit Up! Podcast, Jack and Dan discuss the importance of taking time off for your general well-being. They share tips on why to step away even if you’re on a hot streak, how to conquer trading FOMO, and how to make rest a part of your trading ...
Mar 04, 2021•32 min•Ep. 171
Everyone knows that timing is everything when it comes to trading. But timing goes beyond getting lucky on a big trade. Good traders have a plan and execution strategy for every type of trade they get into. On today’s edition of Limit Up! Podcast, Dan returns after a bout with Covid (he’s ok!) to talk to Jack about the strategy behind timing. They discuss knowing when to close a stale trade, how the duration of time you’ve held onto a stock determines what you should do with it, and why you shou...
Feb 25, 2021•36 min•Ep. 170
While most traders have some degree of impulsivity, when it comes down to it, trading is all about understanding patterns. Ego can drive traders to make rash decisions. If you employ a strategy in which patterns guide your trades, you will make better decisions and have a clearer view of what is happening in the market. This week’s episode of Limit Up! Podcast is all about patterns. Jack and John Doherty share the patterns they watch for and talk about why walking away is sometimes the best deci...
Feb 18, 2021•36 min•Ep. 169
To be a good trader, you need to have good instincts and well-established routines. That means taking the day off when you’re not 100% and sticking to the daily routine that keeps you healthy and alert. As part of our series on technical analysis, Jack, Dan, and John Doherty are sharing their personal trading habits to help you plan out the routine that will work for you. Listen in to learn what charts to look at during various times of day and what indicators work best for the traders on our te...
Feb 11, 2021•38 min•Ep. 168
Unless you’ve been living under a rock this week, you have no doubt heard about the GameStop stock drama. What started as a once in a lifetime opportunity to get rich quick has become a David versus Goliath story of retail traders rebelling against massive hedge funds. Limit Up! is taking a short break from our trading fundamentals series to bring you all the details behind Wall Street’s story of the week. Jack, Dan, and John Doherty give a recap on how GameStop blew up, how a short squeeze work...
Feb 04, 2021•41 min•Ep. 167
Charts. Some people love them, others question whether they actually work. To broaden your understanding of technical analysis, today’s episode of Limit Up! is diving into the history of this chart heavy theory. Jack and Dan are joined by Topstep’s John Doherty to give you an overview of the history of technical analysis and talk about how you can integrate it into your trading toolkit. The team goes into best practices and offers their experience on when technical analysis does not work. Listen...
Jan 28, 2021•36 min•Ep. 166
Simulations are just that: simulations. Trading in real life is vastly different. Some traders get so comfortable in simulations that they take bigger chances than they should when they get to the real trading floor. On this week’s edition of Limit Up!, Jack and Dan walk you through tips and tricks to make the jump from simulation to real trades. Jack and Dan share tips such as start smaller than you think small is and why you should trade what you have and not what you want. Check out the episo...
Jan 21, 2021•31 min•Ep. 165
This week’s installment of our new Trader Development Series is all about how to open a brokerage account. Jack and Dan are joined by longtime trader, and Founder/Chief Visionary Officer of Topstep, Michael Patak, for a discussion on futures brokerages. Listen to their conversation to learn about the importance of risk management, trading small, and watching your margins. Whether you’re a longtime trader or a brokerage newbie, the Topstep team has a wealth of wisdom to impart to help you get set...
Jan 14, 2021•37 min•Ep. 164
Limit Up! is kicking off 2021 by getting back to the basics. This week, Jack and Dan are sharing their essential trading tips for newbies and veterans alike. Listen in for their advice as well as resources and book recommendations. They explain why it’s so important, especially for new traders, to keep things simple and not bite off more than you can chew. Check out the episode and hit the ground running in 2021. For even more coaching, check out the Coach’s Playbook on YouTube on Tuesdays at 11...
Jan 07, 2021•40 min•Ep. 163
This week on Limit Up! We are saying so long to 2020 with a special compilation of some of our favorite guests from this year. In this episode, we have highlighted some of the best tips about improving your trading game. Listen for advice from traders such as Chris Tate , Austin Silver , Matt Miller , and many more. Bring this energy to 2021 and make it your best yet! (03:06) - Building a trading system (04:35) - Getting into futures (07:29) - Lessons from gambling (13:36) - Making a living (15:...
Jan 01, 2021•27 min•Ep. 162
What makes Santa such a great gift-giver? He has his system for delivering presents on lock. To be an effective trader, you have to put in the work to create a system that works for you and stick to it. This week on Limit Up! we are revisiting some of the best advice on trading systems we’ve gleaned from our guests in 2020. Take a listen for trading best practices from such guests as Chris Tate , Gary Morrow , Gary Antonacci , Jerry Robinson , Jeremy Tang and Zac White . We hope you learn someth...
Dec 25, 2020•28 min•Ep. 161
As we round into the holiday season at the Topstep office, Jack and Dan are ending the year strong with their last interview of the year. Greg Baird comes onto the show to break down all things stocks, futures and options as well as what it’s like to answer the lure of the pit when you’re just getting started. Greg talks about the importance of always making adjustments when you’re trading, getting into the rhythm but also creating distractions so you can enjoy the process. It’s not all about th...
Dec 18, 2020•41 min•Ep. 160
Viktor Nebehaj didn’t originally want to get into investing. Preferring technology over finance, his career started with HTML and SEO rather than stocks and ETF. After an early stint at Google in the early 00’s left him with some of their stock, he started to get more interested in the financial world of investing and trading. Faced with challenges trading within the U.K., he thought there has to be a better way to access the markets. Fast forward to present day and Viktor is the co-founder of F...
Dec 11, 2020•41 min•Ep. 159
Latoya Smith worked in finance for a time before pursuing her passion for trading. She is now the co-founder of The Profit Room, a stock market and trading educational company. On this week’s edition of the Limit Up! Podcast, Jack and Dan talked to Latoya about her road to becoming a day trader. One interesting thing about Latoya is that she learned about the stock market by forming an investment club with friends. She talked about this formative experience, how investment property helped her cr...
Dec 04, 2020•39 min•Ep. 158
Happy Thanksgiving to all of our listeners! As a special holiday treat, this week on Limit Up! we have compiled some of our best advice from forex traders. Whether you have been wanting to trade forex or you have no idea what that is, we’ve got you covered by expert guests including Akil Stokes , Etienne Crete , and Austin Silver . Listen to the episode for best practices, a discussion on cultivating the right mindset, and why now is the best time to start trading forex. (00:15) - Learning to tr...
Nov 27, 2020•13 min•Ep. 157
Jack Pelzer is one of the fearless hosts of Limit Up! Podcast. If you’ve wondered about his experience as a trader or how he came to be the voice of Topstep, this week’s episode will answer your burning questions. After getting his start at a big prop firm amidst the turmoil of the Great Recession, Jack earned a Master's degree, wrote for the satirical website The Onion, and then made his way to the Topstep family. Listen to the episode for reflections on what it’s like trading at a big prop fir...
Nov 20, 2020•46 min•Ep. 156
If you’re a regular listener, you know that Topstep’s own Dan Hodgman comes from a family of traders. But his route to the trading floor and ultimately to Topstep was not linear. On this week’s episode of Limit Up! Jack interviewed Dan to find out how he became a trader and how those experiences shaped the kinds of trades he makes. Dan talked about his time clerking for his father, his time in the Marine Corps, and a bit about his trading strategy these days. Listen in as we learn Dan’s trading ...
Nov 13, 2020•43 min•Ep. 155
To be a successful trader requires strategy and creating systems that help you succeed. When you get stuck in the emotion of trading, it becomes little more than gambling. Austin Silver is a Forex trader and Head of Trading and Education at ASFX. He believes that the key trait of successful traders is to create your own trading plan. Austin joined Jack and Dan and talked about why it’s important for traders to focus on one area instead of juggling multiple things. He also talked about his journa...
Nov 06, 2020•40 min•Ep. 154
Etienne Crete is the founder of Desire To Trade, a trading education website. Before he became a founder and full-time trader, he worked a job he hated and searched for a way to generate income while devoting time to his love of traveling. His success came about thanks to his adherence to routines and systems designed to help him improve his skills. Etienne is our guest this week on Limit Up! and talks to Jack and Dan about one of his most important tools: old fashioned journaling. Listen to the...
Oct 30, 2020•45 min•Ep. 153
The media often portrays trading as a get rich quick scheme. The reality however, is that trading is a job like any other and it is a job that contains a high degree of stress. Many trading education programs focus on how to trade, but not many offer tools on how to find personal happiness while trading. Jacob Rudge of TradeHappy wants to change that. On today’s episode of Limit Up! Podcast, we’re diving into why mindset matters, what tips you can use to cultivate more happiness into your tradin...
Oct 23, 2020•37 min•Ep. 152
Modern economists have grown so reliant on bailouts whenever there is market instability that the tax burden inevitably gets passed on to regular people. Most US families only have income streams from their jobs, the most heavily taxed revenue stream. Jerry Robinson is a trader and author who wants to change all that. On today’s episode of Limit Up, Jerry discusses two key fundamental concepts for every trader: know your trading niche and diversify. Traders who are educated in a specific area do...
Oct 16, 2020•45 min•Ep. 151
