Robinhood and the Dangers of Margin
Congress released their report on Robinhood and memestock mania last week. And boy, is it a doozy.
Jul 05, 2022•30 min•Ep. 210
Limit Up! Podcast
This is the Limit Up! Podcast - the place where we explore trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer.
The Limit Up! Podcast is brought to you by Topstep and hosted by Jack Pelzer and Dan Hodgman. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good.
Risk Disclosure: https://www.topstep.com/risk-disclosure/
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Episodes
Is a Market Vibe Shift Coming?
Plunging rate expectations have Dan and Jack split over the next move in equities.
Jun 24, 2022•27 min•Ep. 209
Where the 'Smart' Money Lives
Bonds may not be as exhilarating as other futures products, but they are just about the most important indicator out there.
Jun 17, 2022•33 min•Ep. 208
Is Bad News Good Now?
With traders viewing everything through the lens of the Fed, good economic news might not be all it's cracked up to be.
May 27, 2022•23 min•Ep. 207
Patience is a Virtue
It's tempting to "jump" your levels so you can get in on the action. But if it's not part of your trading strategy, you might want to think twice.
May 20, 2022•30 min•Ep. 206
The Bubble Bursts
The Nasdaq is down more than 30%. Which begs the question, is everyone having fun yet? Dan and Jack discuss the levels to watch below.
May 13, 2022•25 min•Ep. 205
From Stocks and Options to Futures
Most traders get started with stocks before exploring other products. Dan and Jack discuss the pros and cons of options and futures when it comes to daytrading.
Apr 29, 2022•30 min•Ep. 204
What You Need in Your Trading Journal
Dan and Jack discuss the components of an effective trading journal. The trades. Hard data. Emotions and feelings. You'll need them all if you want to get better.
Apr 15, 2022•31 min•Ep. 203
The Wobble Continues
It’s been 136 days since the NQ last hit an all-time high. This is uncharted territory for those who started trading in the past few years. Plus our thoughts on Elon Musk buying nearly 10% of Twitter. Enjoy!
Apr 08, 2022•27 min•Ep. 202
Is The Bottom In?
Dan and Jack look at charts going all the way back to 1998 to put the recent moves in context. Stock index futures are wobbling right now—so will it be smooth sailing, or is the drop we saw just the beginning?
Mar 25, 2022•35 min•Ep. 201
Trading Rising Rates
The Fed raised rates this week for the first time since before the pandemic. How will the markets react in this new environment?
Mar 18, 2022•30 min•Ep. 200
Stay Safe Everyone
Volatility in markets, especially commodities, is extremely high. This is when you need to adjust your risk parameters to trade responsibly.
Mar 11, 2022•30 min•Ep. 199
Stuff Hits the Fan
Dan and Jack discuss how the Russian invasion of Ukraine completely changes everything.
Feb 25, 2022•25 min•Ep. 198
Bracketology
Dan and Jack respond to the Fed's threat to raise rates by a whole percentage point before July (not that any of them will care, but still). Then the discussion moves to trading with bracket orders. These are a powerful tool for traders, but the results of a little experiment run by Risk Manager Mick demonstrate why they can't be used like market-making algos.
Feb 11, 2022•31 min•Ep. 197
Congestion Areas
Dan and Jack reflect on today’s big drop in NQ and take on the concept of trading “congestion areas.” What are they? Why are they important? Listen and you shall be enlightened! There’s also a new segment where Dan reveals what’s working and not working this week for Topstep traders.
Feb 03, 2022•32 min•Ep. 196
How Much Should I Risk Day Trading?
Discretionary trading requires a massive amount of… well… discretion. Dan and Jack rundown Thursday’s market action and then partake in a lively discussion about what percent of your stack should be risked each day, week, and year (or even what you should risk, period).
Jan 27, 2022•37 min•Ep. 195
Everything We Know About Stop Losses
Every trader knows you need to trade with stops. But where the heck are you supposed to put them? Dan and Jack dive into initial, trailing, time, and volatility stops today in their quest to become more enlightened traders and better men.
Jan 20, 2022•32 min•Ep. 194
Rumors of Our Deaths: Greatly Exaggerated!
Dan and Jack are back after going "off-the-grid" for six months to discuss their 2022 trading goals, Jack's new family situation, and the new, interactive format of the podcast. Check out the Topstep YouTube Channel at 3PM CT on Thursday afternoons to be part of future live recordings. It’s great to be back!
Jan 13, 2022•28 min•Ep. 193
Vetting Your Sources
Who do you listen to when it comes to trading? Doing your homework and staying informed is an important aspect of long term trading success. As is having a place to bounce around ideas and hear different perspectives. However it’s also critical that you vet those sources. This week on Limit Up! Jack and Dan discuss the double-edge sword of easy access to trading advice and how best to evaluate your go-to sources. They’ll cover some practical tips and give a few golden rules to keep in mind. Last...
Jul 29, 2021•31 min•Ep. 192
Building Long Term Success in Day Trading
How do you build long term success in day trading? That’s the topic Jack and Dan are tackling this week with practical suggestions for account management, capital allocation and overall risk and money management, helping you find term success to keep you in the game. As always they kick things off with a discussion of current markets including the recent bounce-back, volatility increase and the complexities of trading the bond markets. Limit Up! is a podcast brought to you by Topstep about tradi...
Jul 22, 2021•33 min•Ep. 191
Market Corrections, Inflation, and You
Today Jack and Dan are discussing corrections, inflation and you - yes, you, because this could be affecting all of us. They dive into the idea of market corrections, what they are, the historical context and what you should be looking for right now if you are trading in the futures market specifically. 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 for...
Jul 15, 2021•33 min•Ep. 190
How to Avoid Burnout in Day Trading - The Coach's Playbook
The VIX is up 25 percent. We're back to that 20 handles and that means there's some good day trading coming down the pipe. That being said, we know that's not always the case. So today, we're bringing you a recent segment of The Coach's Playbook with the incomparable Carol Jorissen, big time commodities trader back in the day. We talk about how to avoid day trading burnout, which is something we're all going to have to deal with at some point. However, there are tools to help manage those feelin...
Jul 08, 2021•30 min•Ep. 189
Meme Stocks & Market Manipulation
Are Reddit traders engaging in market manipulation? Today on Limit Up! Jack and Dan talk about why it’s so hard to nail down what is and isn’t manipulation, and how meme stock traders are pointing out interesting flaws in the current system. 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, Jack and Dan, who still dabble in fut...
Jul 01, 2021•30 min•Ep. 188
When to Change Your Trading Strategy
When should you change the way you trade? Jack and Dan offer their takes on how to tell if your trading strategy isn’t working, and the first steps towards making meaningful changes. They also talk about the news in crude oil contracts and Microsoft’s recent $2 trillion dollar valuation. 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...
Jun 24, 2021•30 min•Ep. 187
Trading Futures vs. Options
Should you trade options or futures? Today’s Limit Up! is all about answering that timeless question. Jack and Dan weigh the pros and cons of the two and discuss why factors like your timeframe, funding and long term goals could inform your decision. Dan also shares why he thinks the S&P is due for a downward adjustment and why that’s not such a bad thing for the market. Limit Up! is a podcast brought to you by Topstep about trading, trading psychology, trading life, and pretty much whatever...
Jun 17, 2021•33 min•Ep. 186
What to Expect this Summer
What can traders expect this summer to hold for them? Jack and Dan talk about the annual slowing down of the markets in the summer, how retail trading’s rise could affect it and why you should always avoid trading Friday afternoons. They also discuss the new inflation numbers coming out from the Fed and the newest developments in the world of meme stocks. Limit Up! is a podcast brought to you by Topstep about trading, trading psychology, trading life, and pretty much whatever else the wonderful ...
Jun 11, 2021•33 min•Ep. 185
What Kind of Trader are You?
On this week's episode Jack and Dan discuss the different types of traders and trading styles they've seen in the markets, as seen in Topstep's recent "Which Trader are You?" quiz. They break down Gunslingers, Lifestyle traders, Zen traders and Grinders — and the pros and cons of each. They also take a minute to look at AMC’s recent rise and meme stocks’ effect on the market. Limit Up! is a podcast brought to you by Topstep about trading, trading psychology, trading life, and pretty much whateve...
Jun 03, 2021•31 min•Ep. 184
How Prop Shops Evaluate Traders
How do prop shops judge traders? Jack and Dan talk about the metrics and strategies prop shops use to select traders and measure their risk and success. They also comment on the recent chaos in cryptocurrencies and the long-term challenges facing crypto traders. 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, Jack and Dan, wh...
May 27, 2021•33 min•Ep. 183
What's the Deal with Commodities
On today’s special edition of Limit Up! Topstep staff and former traders John Doherty, Mick Ieronimo and John Hoagland talk to new Topstep contributor Carol Jorissen. Carol talks about coming up in the commodities pits, the in and outs of the grain markets and tips for other traders looking to start trading more commodities. 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. ...
May 20, 2021•36 min•Ep. 182
Keep the Numbers on Your Side
Today’s Limit Up! is all about risk and reward. How do you maintain long-term profitability in a risky business? Jack and Dan dive into the importance of looking at your trades in the bigger picture, scaling up your trading strategy, and the two factors to look at when assessing your trading plan. They also take a moment to talk about rising commodity prices, the Colonial Pipeline cyberattack, and Elon Musk’s SNL appearance. Limit Up! is a podcast brought to you by Topstep about trading, trading...
May 13, 2021•32 min•Ep. 181
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