Wed, 30 December 2015
This week I interviewed a short-term Bitcoin trader, who goes by the alias of BTCVIX.
As you can imagine, this episode is a little different – this is an area (or should I say, a market) we haven’t yet explored on the podcast, in past interviews.
With that being said, I found this discussion to be really interesting and I’m certain you will also. Some of the topics we spoke about include:
- Why VIX went from initially trading stocks and options, into the Wild West – Bitcoin markets.
- We spend plenty of time discussing the landscape of Bitcoin; going into how the digital currency is ‘mined’, how inflation is hard coded in the ‘ledger’, and the real ‘counter-party risks’.
- Changing the way you may think about consistency, and understanding non-linear outcomes within your trading results.
But that’s just a quick sample of topics ahead – hit the ‘play’ button to learn more about the realm of cryptocurrencies.
Wed, 23 December 2015
This week I had the great pleasure of speaking with Dr Ernest Chan, from Toronto (Canada).
While many traders in the quantitative arena will already be familiar with Ernie, here’s a brief intro…
You could say, Ernie had somewhat of an unconventional introduction to trading – he started out on a research team at IBM, using machine learning and artificial intelligence techniques, teaching computers to understand human languages – before joining a prop trading group.
Today, Ernie has upwards of 15 years applying similar techniques to the domain of finance and trading – working with multiple prop firms and hedge funds across his career. And currently, Ernie is the managing member of QTS Capital Management.
Just to top it off, Ernie has written two books ‘Quantitative Trading’ and ‘Algorithmic Trading’, and also regularly speaks at conferences.
Some of the topics we cover during this episode are; diversification, capital allocation, generating strategy ideas, back-testing and a much more.
Wed, 16 December 2015
I have a brilliant guest on the show this week who I can almost guarantee you’ve never heard of, he generally likes to fly under the radar, but thankfully for us he did agree to an interview – his name is Bryce Edwards.
Bryce is an Australian equities trader, he takes a discretionary approach, making his money from intraday price movements and goes home flat at the end of each day.
During the interview we walk through the 10+ years in the build up to Bryce becoming a profitable trader – he’s got an interesting story, and you may discover it’s quite relatable to your own situation.
We also talk about how the order book plays a key role in his trading decisions, and how he creates a ‘stocks in play’ watchlist using catalysts such as; company news, underlying commodity prices and broker upgrades and downgrades.
Wed, 9 December 2015
You may recall for episode 25 I invited Zach Hurwitz back onto the podcast (after being a featured guest on episode 011), to grill me about my own trading progress – well we’re another 25 episodes on now, so I thought it’d be a good point to check in with you and give another update on how I’m tracking…
To do this, Zach joins me again for the big 5-0 – and you’ll find the first part is mostly Zach asking questions for me to answer, then we switch it up, and during the later part I fire questions at Zach to answer. And we dive into a bunch of great topics (many listed below).
Just to add on this – pretty much every question asked during this episode has been crowd-sourced, so if you contributed a question last week, then there’s a good chance you’ll hear it asked at some point.
Two things you should know:
- Zach is offering a FREE 30 minute, one-on-one coaching session to any trader listening who is, of course serious, and feels as though they could really do with some help. This is a very generous offer, and if you’d like to take him up on it – then send Zach an email, his address is TradingCoachZ@gmail.com.
- And second, if you have any questions or comments for Zach or myself, scroll to the bottom of the page and drop a line in the comments area – both Zach and I will be keeping a close eye on this to respond and interact with you.
Wed, 2 December 2015
There’s a very special guest on the podcast this week, who I’m excited to introduce…
His name is Haim Bodek, although some refer to him as ‘The Algo Arms Dealer’ (and I totally understand why).
Haim began his trading career at Hull Trading, a prestigious firm well known for driving forward innovation in the domain of automated trading. Following Hull, Haim then went into significant roles at Goldman Sachs, and UBS – which are all discussed during the interview.
But to further set the scene, in 2007 Haim founded Trading Machines, a high frequency trading operation. At the peak, Trading Machines accounted for 0.5% of all options trading volume, with a team of 25 (one of who, was Bryan Wiener of EP 040).
All was well for a couple years until the beginning of 2009, when Trading Machines ran into issues and began to bleed money, for unknown reasons. Until Haim later discovered, at the root of the problem were secretive order types being used by a select few firms, giving them an unfair advantage to front-run the orders of other participants.
With this discovery, Haim went to the SEC to raise his concern about such order types – little did he know at the time, that this would be the beginning for one of the most sophisticated and complex investigations carried out by the SEC to date. So of course, we speak about all of this in much more detail during the interview.
And we also speak about another fascinating topic – which is, Payment for Order Flow. Haim shares with us what is really happening to your orders after you click the button to buy or sell – you might even be surprised to find out that a large majority of retail orders, never even make it to an exchange…
Wed, 25 November 2015
This week on the show I interviewed Linda Raschke – an active trader since 1981, when she started out on the floor of the Pacific Coast Stock Exchange as an options market maker.
In 1992, Jack Schwager interviewed Linda for his second installment of the Market Wizard series; The New Market Wizards.
Since then, Linda has traded for several hedge funds, and in 2002 she began one of her own – which has been ranked 17th out of 4,500 hedge funds for ‘Best 5 Year Performance’ by BarclaysHedge.
During this interview we covered some great topics, for example; adapting to environment changes, using models to study price behavior, and the part I really enjoyed was Linda’s advice to young traders towards the end. So please, make sure you pay close attention to this part.
Wed, 18 November 2015
This week I interviewed Timothy Sykes (of Profit.ly).
If you’re not already familiar with Tim (for some strange reason), he’s made quite a name for himself as the penny stock guru, who trades, teaches and flaunts big piles of cash on Instagram. And before you can get a word in sideways, he’ll also gladly remind you that he does have ‘millionaire students’!
I really enjoyed this conversation with Tim, because we covered many substantial topics that do play an important role in a traders’ success. To rattle off just some of those topics, we discussed:
- What’s all fuss the about making a million dollars?
- How to stay motivated and get the most out of your dedicated study time?
- How to combat the urge of over-trading?
- How to avoid liquidity issues in OTC markets?
- And so much more…
Hope you enjoy this episode, with the man who has become wealthy from penny stocks (the most hated niche in all of finance) –Timothy Sykes.
Wed, 11 November 2015
This week I interviewed Hans Dederle, the founder and president of Honza Financial – an options trading asset management firm (located in Florida).
Hans originally started out as an accountant, before becoming a stock broker, following that he began to trade independently and now, trades other peoples money as well.
He’s been doing this for just over 8 years now, and one of the things I really liked that come about during our discussion, was how Hans has a laser focus on quality over quantity. As a day trader he averages between 1-3 trades per day, which he’s usually in and out of within the first couple hours of each session.
Which then lead into the topic of making money as a secondary objective, and having a primary objective to consistently make good trades, inline with your strategy. There’s a bunch of great takeaways over the next 45 minutes… enjoy!
Wed, 4 November 2015
My guest on the podcast this week is Jack Litle of MercenaryTrader.com.
Jack is a global macro trader who originally started out as an international commodity broker – today, he now has more than 17 years of market experience and is a very competitive trader. He’s also a keen poker player, and believes there are many crossovers between poker and trading (which of course, makes for some interesting conversation during this episode).
Also during this episode, we speak about how Jack thinks of trading in terms of probabilistic outcomes, instead of attempting to ‘predict’ the future – we spend quite some time on this subject, and I myself found his views on this particularly interesting.
Another highlight, would be mastering the art of the big bet – where Jack shares insight to the times when you should press hard on a trade to make profits that have real impact.
For your chance to WIN a free 90 minute, one-on-one mentoring session with a genuine, pro trader – enter here: http://chatwithtraders.com/win
Wed, 28 October 2015
Let me introduce you to my guest for episode 44 – Michele Koenig of Trade on the Fly, from Montana (at the very top of the United States).
Michele is primarily a swing trader of technical chart patterns, but also takes an occasional intraday position when she spots an opportunity.
During our discussion we spoke about a whole range of really interesting topics. To start with we covered Michele’s first few years when starting out, where she had some early success, then shortly after, lost almost everything – we spoke about how this happened, how she was affected, and how she bounced back.
Plus some of the other highlights would include; insight to Michele’s scanning process and how she tracks a watchlist, a reminder not to ‘trip over dollars while trying to save dimes’, and some words of wisdom to traders who are yet to breakthrough.
For your chance to WIN a free 90 minute, one-on-one mentoring session with a genuine, pro trader – click here to enter.
Wed, 21 October 2015
This week we’re at episode 43 and my guest is Jon Boorman (of Alpha Capture).
Jon has been immersed in the world of trading for over 30 years now, and has spent the majority of this time in the institutional space – he’s been on the buy-side, sell-side, run a trading desk, assistant to a portfolio manager, and has also been a prop trader. But now days Jon trades independently and does also manages assets for others.
His approach to trading is best described as a long-only trend following strategy, which we discuss extensively during this episode. Some of the topics we hit on include; why the simplicity of trend following can be both, a gift and a curse, why Jon trades the long-side only and how this affects him in a full fledged bear market.
Plus, Jon shares a few pointers on position sizing, and his best tips for long term survival. Jon was an interesting guest, and shared a lot of wisdom – I feel like you’re really going to enjoy our discussion.
For your chance to WIN a free 90 minute, one-on-one mentoring session with a genuine, pro trader, visit – http://chatwithtraders.com/win.
Wed, 14 October 2015
What you’re about to hear is an interview with Bert Mouler – he’s a trader of futures and equities, and has been involved with markets since ’07. But he does things a little different to most…
He’s an algorithmic trader who harnesses the power of machine learning to discover and develop profitable trading strategies. This is an area that hasn’t been covered in previous episodes, (except for the odd mention here and there) so it was really great to have Bert on the show to share some insight on machine learning and how it works in the field of trading.
Beyond this, you’ll also hear Bert’s views on diversification and how he thinks about risk management. Plus, one of the things I really respect about Bert – his drive for continual progression, attitude towards further education, and the way he approaches goal setting.
Wed, 7 October 2015
This week my guest is a discretionary futures trader from London (UK), his name is Kam Dhadwar.
Kam originally started out in 2001, from 2005 onward he spent a few years trading within a prop firm, and now days has reverted to trading independently.
During this interview we discuss the great emphasis Kam places on auction market theory, market profiling and volume profiling techniques, to capitalize on intraday moves.
Additionally, we also discuss the importance of believing in your trading plan, the two types of risk; financial and psychological. And how Kam uses NLP, mindfulness and meditation practices to continually improve trading performance.
Plus plenty more – but, developing the right mindset seems to be the underlying theme throughout this episode.
Wed, 30 September 2015
This week I’m joined by Bryan Wiener, to put it simply, he’s a man crazy about options. So options guys, this should be right up your alley. I have to admit there were a few moments where my lack of knowledge of options is probably quite obvious – but Bryan delivered well and truly.
So a little background on Bryan…
He’s been actively trading for just over 15 years – and what’s particularly interesting about Bryan is how he’s been involved with markets from a number of various angles. And what I mean by that is…
He originally started out as a market maker on the floor of the CME (and by the way, has some great stories which he shares during the interview). From there he later joined Haim Bodek for the rise and fall of Trade Machines, which was essentially a black-box startup which was ruined due to HFT manipulative orders.
And now days he’s the quantitative options specialist on the Sang Lucci team, as well as an independent trader.
During the interview we of course go right into Bryan’s journey of how he got to where he is now. As well as plenty of discussion about options markets, including; how options have evolved, the various types of options traders and where their edge exists, and a few things aspiring options traders need to be aware of.
Wed, 23 September 2015
This week, for episode 39 I had the great pleasure of speaking with Tom Dante (who you may already know from Twitter as @Trader_Dante).
But if you don’t, that’s cool – I’ll give you a real quick snapshot now…
Tom’s a day trader from London, who tells it exactly how it is, he makes no attempt to soften the blow from the harsh realities of trading.
He’s got a really interesting and unique story about how he got started trading, which was around 1999. And from that point on there was a period of about 7 years, where Tom struggled to gain consistency with his trading results (we speak at lengths about this during the first part of the interview).
After developing a track record of profitability, Tom joined a prop trading firm, where he learnt many of the solid trading principals that have shaped him into the trader he is today – many of which are discussed during this episode.
Now days, Tom is an independent trader who focuses mostly on the Bund market intraday, as well as other futures.
Besides the few points I’ve already mentioned, we of course discuss much more, including; the competitiveness of professional trading, the importance of learning from your mistakes quickly, and the real cost of becoming a great trader.
To learn more about the dedicated one-on-one coaching service, visit: chatwithtraders.com/coaching
Wed, 16 September 2015
This week on the podcast I have algorithmic trader, Kevin Davey. Who like many guests in the past, he comes from a background in engineering – there’s something about these engineers, they seem to make really great traders…
After getting off to a bumpy start 25 years ago, Kevin has come a very long way. Between 2005 and 2007 Kevin competed in the World Cup of Futures Trading Championship, where he finished in first place once, and second place twice. Each time with returns in excess of 100%!
Kevin is also the author of Building Winning Algorithmic Trading Systems, a book which has been well-received by the trading community and has plenty of 5-star ratings and reviews on Amazon.
During this interview we cover the great focus Kevin places on trading multiple strategies in multiple markets to achieve a smoother equity curve. And he also walks us through his development process for taking an algorithmic strategy from objectives and initial idea, through to total automation. Plus plenty more, and even if you’re not familiar with this side of trading, you shouldn’t have too much trouble keeping up, because Kevin does an excellent job of explaining everything.
Also, I’m going to ask again… If you haven’t already done so, could you please leave a very brief review on the podcast in iTunes while you’re listening. Just go to chatwithtraders.com/itunes, if you’d like to support the show.
Wed, 9 September 2015
This week I had the pleasure of speaking to another brilliant trader, who has been heavily requested – his name is Morad, but many know him best as Futures Trader 71 (or FT for short).
To give you the 30 second rundown, FT has been an active trader since 2000, when he started out scalping NASDAQ stocks among the original SOES Bandits. A few years in he made the transition to trading futures, and later started his own proprietary trading firm, where he funded and mentored a team of traders.
These days FT runs a brokerage, where he provides continuous education and risk control to a structured community. And of course, he remains an active futures trader, with a great focus on reading market profile and volume profile – which we get into during this interview.
While you’re listening, I’d love it if you could please leave a brief review on the podcast in iTunes. This helps in a huge way to increase rankings and reach more listeners!
Wed, 2 September 2015
I can promise you right now, this one will not disappoint…
My guest today is the legendary trader, Peter Brandt.
Peter first started trading around 1975 (which I’m sure is before many of you listening were even born – that’s certainly the case for me). So that’s 5 decades involved with markets, i.e. ’70’s, ’80’s, ’90’s… – a very long time!
To give you an idea of Peter’s performance during this time, he has achieved a compounding annual growth rate of approximately 42%, with his best year returning well over 600%. Of course we want to know about his worst years also, well there has only been three of them, which were all drawdowns of less than 8%.
During this interview we discuss Peter’s early years working at the Chicago Board of Trade, and classical charting patterns (which form the roots of his trading methodology). We also get into Peter’s views on high frequency trading operations, why he has the default assumption that every trade will be a losing bet and some of the common misconceptions about super-traders.
Learn more about the latest CWT eBook here: chatwithtraders.com/read
Wed, 26 August 2015
This week I have a very special guest on the show who almost needs no introduction, Howard Lindzon. Who’s best known as the co-founder of StockTwits, but he’s a man who wears many hats, he’s also a trader, investor, hedge fund manager, entrepreneur and a rock-star angel investor.
So as you could imagine, I was thrilled to have Howard on the show this week. We spoke for around 50 minutes, and discussed the early years of his career (from the days of when he used to work in the back office of a brokerage firm).
We also covered Howard’s methodology around trading high growth stocks and the idea of ‘buy high, sell higher’, how innovative technology may revolutionize the landscape of trading over the next 5-10 years. And on top of this, we also talk about some of the angel investments that Howard has been involved with.
Now if you enjoy this interview, please go to chatwithtraders.com/itunes and leave a review. It doesn’t have to be anything major, even a single sentence would be a huge help (as it improves the CWT rankings in iTunes). I’d really appreciate this, and it’s the easiest way that you can support this show…
Wed, 19 August 2015
When the market went down in ’08 this weeks guest, Michael Melissinos was right there, in the thick of it. He was an analyst on the trading desk at Bear Sterns, and then later at JP Morgan after they were bought out.
Since then, Michael’s left his Wall Street days behind him, and now trades a fund of his own, using a systematic trend following approach, that operates on 40 global markets.
Although I missed a large chunk of the story there, you’ll hear how Michael got to this stage of his career during the interview. And a few of the lessons that shaped him into the trader he is today, including the advice he received from Market Wizard, Ed Seykota.
I also like Michael’s thoughts around why you should consider playing a game that’s larger than money, and the emphasis he places on preparation.
Wed, 12 August 2015
Chris is an equities trader from Southampton, UK.
His journey to becoming a trader kicked off roughly 7 years ago, after his interest in markets was peaked from reading through a book about stocks.
While these days Chris has found his edge, he did spin his wheels for several years to begin with, and also managed to run several accounts into the ground. During this time, one of the greater turning points came when Chris found another trader who was willing to pass down his experience, and offer him some much needed guidance.
And as we all understand, to have a mentor on your side is extremely valuable, so I asked Chris a number of questions around this subject which you may find helpful.
We also discuss the importance of repetition in your learning, how to build discipline and also touch on some mindset challenges that can be early roadblocks for developing traders.
I feel like many of you listening will find Chris’s story to be relatable, and hopefully you’ll takeaway a few important lessons from this interview.
Wed, 5 August 2015
I’ve received many requests for this weeks guest, in recent months. Maybe it’s because he’s a straight shooter who doesn’t mix his words, or maybe it’s because he’s bounced back from harsh failures, to become an exceptional trader.
Whatever the reason may be, I know for certain, you’re going to appreciate the raw honesty and insight of this weeks guest – Dan Shapiro.
Coming up from humble beginnings, Dan called on the neighborhood loan shark to fund his first trading account, which got him through the door to one of the largest prop firms at the time. This is where he rubbed shoulders with many phenomenal traders, who helped shape him into the trader he is today.
This interview is ultimately focused on the mental and psychological aspects of trading. We discuss some of the darkest moments from Dan’s trading career, how to handle losses and grind through slumps, trading the setup and not your PnL, and why you should care more about trading right, rather than being right.
Dan was great to talk to, and I trust you’ll enjoy this episode. Actually, it may even be worthwhile for you to play this through twice, just to ensure you don’t miss anything.
I’m Aaron Fifield, your host of Chat With Traders, and here is this weeks guest from New York City, Dan Shapiro.
Wed, 29 July 2015
This week I spoke with Luke Cummings, an Australian equities trader with 14 plus years of experience on his side.
After making a last minute decision that journalism wasn’t a good fit, Luke went into a finance degree which lead him to become a stockbroker, which then lead him to become a trader.
Now days Luke remains an active trader, and operates a hedge fund based in Sydney, as well as running The Long And Short Of It – a model portfolio service and trading blog.
We keep things fresh in this interview, by discussing trading methods and strategies that haven’t been spoken about in previous episodes. And additionally, Luke shares some of the common traps that often catch entry-level traders, and how you may be able to avoid the avoidable with insight.
Wed, 22 July 2015
This week we’re taking it up a level…
I had the honor of interviewing the legendary Market Wizard, Tom Basso, president of former money management firm, TrendStat.
Tom started his working life as a chemical engineer, often discussing stocks and investing with colleagues. As he started to experiment with trading from a $2000 account, there was no beginners luck in sight. Tom consecutively lost money for the first few years before things started to turnaround.
With a series of events that followed, Tom went from trading his own money, to forming TrendStat and managing other peoples money. At the peak of his career, TrendStat managed $600million dollars of capital.
And while Tom’s now retired, he still actively studies the market and continues to trade.
This interview covers many topics that range from trend following and systematic trading, to psychology and why you must never forget to ‘enjoy the ride’.
Wed, 15 July 2015
This weeks guest is Brian Shannon, who first and foremost is a professional trader, whose involvement with the market dates back well over 20 years.
He’s also the author of the highly regarded book, Technical Analysis Using Multiple Timeframes. And thirdly, Brian is the founder of AlphaTrends, an educational company focused on teaching traders how to navigate the market successfully.
For the most part Brian is a swing trader, with the occasional day trade in the mix. During the interview Brian discusses both approaches, and gives a few pointers that may help you to discover the right timeframe for your own trading.
We also talk about understanding the psychology of market participants within well-known patterns, the two indicators that Brian uses most often (one of them being VWAP – Volume Weighted Average Price), and Brian also walks us through the 4 stages of a market cycle: accumulation, markup, distribution & decline.
So all in all, Brian hit on plenty of great topics, and I feel like you’re really going to enjoy the insight he shares with us
Wed, 8 July 2015
Attracted by the fact that traders can make money in both rising and falling markets, this weeks guest Andrew Falde, left a career in commercial real estate when the GFC hit in ’08 to focus his attention on becoming a trader.
A few years on, Andrew has carved a profitable niche for himself; trading options and designing systems. Both topics which are covered in depth during this interview.
Some of the highlights from this discussion, would be; the way in which Andrew avoids trying to predict the market, and instead thinks of trades as a series of ‘if – then scenarios’. Also, the purpose of why options markets exist is really interesting, as well as the important factors one should consider when designing a system, and how Andrew applies a blend of systematic and discretionary aspects to his own trading.
GOT QUESTIONS? If there’s something you’re challenged with, or something you want to know more about, then take this opportunity to ask Andrew a question. Whether it’s in regards to trading options, designing systems, or just trading in general – Andrew’s your man, leave a question for him in the comments at the bottom of this page.
Wed, 1 July 2015
The chances are you're already very familiar with this weeks guest, and if you're not - then I'll have to presume you're new to the realm of trading.
Jack Schwager is the author of a number of widely acclaimed financial books, including the timeless Market Wizards series - commonly referred to as all time favourites by many of our past guests.
As well as a bestselling author, Jack is widely recognised as an industry expert on markets, hedge funds and trading advice. He's also the co-founder of FundSeeder; a platform designed to find undiscovered trading talent, and connect successful traders with capital from investors.
During our interview we discuss Jack's lifetime involvement with markets, some of the key lessons he learnt firsthand from interviewing many of the worlds greatest traders, and so much more...
I hope you enjoy this interview, as much as I enjoyed hosting it. It was an absolute honour to speak with Jack for almost 90 minutes.
Wed, 24 June 2015
At a young age some people want nothing more than to be a trader, well this weeks guest is one of those people…
Brad Jelinek first started dabbling in stocks during his days in junior high, then from college he went straight into a Chicago prop firm. Thirteen years later, Brad is with the same firm and predominately trades futures.
So during our conversation, I of course asked Brad a bunch of questions around prop trading, and futures related topics, which he responded with many outstanding answers.
But the part I found to be really interesting, was listening to Brad talk about health ‘n wellbeing, and the emphasis he has on longevity in this business. So if you plan on sticking around, and really want to make something of your trading career, I suggest you pay extra close attention to this segment.
Q + A: Brad is on standby and keen to answer any questions you may have about trading. To ask him something, just scroll to the bottom of this page and leave a comment!
Wed, 17 June 2015
This week I thought I’d change things up a little bit, and reverse the interview. So instead of firing questions at the guests like I normally do, I’m on the receiving end and giving the answers.
If you’ve had the chance to listen to EP 001, then you may recall I gave a brief overview right at the beginning, explaining where I was at with my trading. Well things have gradually progressed since then, so I thought this would be a good milestone to update anyone who is curious to know.
So to keep things interesting I brought on Zach Hurwtiz, who I’m sure you’ll remember from EP 011 of the podcast, and he’ll be the one asking questions. Zach’s a great friend of mine, and is continually guiding me along to becoming a better trader through regular coaching and mentoring, so I couldn’t think of anyone better for the job.
Plus, Zach also expands on many of my responses with additional insight, so all in all I hope you find this episode to be valuable in its own unique way.
And just before we get into it, if you have any questions or comments for either Zach or myself, just go to chatwithtraders.com/25, scroll to the bottom of the page and leave a comment. Both Zach and I will be monitoring this closely to respond and answer.
Alright team, enjoy and lets talk soon.
Wed, 10 June 2015
On the show this week, my guest is Ivan Hoff!
An equities trader of 10 years, who tackles the market with a swing trading approach to capture powerful, short-term gainers that may run anywhere between 3 - 10 days.
While swing trading is his bread and butter, Ivan also allocates a portion of his capital to position trading, when he has reason to believe a trend will continue for the longer term.
He's written several books including 'The 5 Secrets to Highly Profitable Swing Trading' and 'The Next Apple' which was a collaboration with Howard Lindzon (the co-founder and CEO of Stocktwits).
Plus, Ivan is regularly featured in the Wall Street Journal, Bloomberg, Yahoo Finance, Traders Magazine and he's a familiar face amongst the Stocktwits community.
Now, continue listening to learn about Ivan's trading methodology, one of his high probability swing setups, the importance of following industry momentum, and a whole lot more...
Wed, 3 June 2015
I was fortunate enough to speak with David Bush, an extraordinary, seasoned trader with 20 years experience in financial markets.
David comes from a non-traditional background, and what I mean by this; he has no formal education in the field of finance. In fact, he is a music graduate and performed as a professional musician for many years.
But as you’re about to hear, David changed paths during his twenties to become a trader. After overcoming the initial challenges that all new market participants endure, David did well for himself as a discretionary trader for many years.
But with an urge to optimize his trading approach he gradually transitioned into a quantitative trader and went searching for new ways to exploit opportunities within the market. From there David has gone on to take out the number one spot of BattleFin’s ‘Sharpe Ratio Shootout’ (an international quantitative finance tournament), with over 3000 competitors.
During our interview David brings a really insightful take to topics such as the transition from discretionary to quantitative trading, how to eliminate a single point of failure by trading multiple systems, and how the Monte Carlo tool can teach you a lot about how robust your strategy really is.
Wed, 27 May 2015
This week I have great pleasure in saying, my guest on the show is Mike Bellafiore.
Mike is the co-founder of SMB Capital, a proprietary trading firm in New York City, as well as SMB University which is the arm for trader education. He’s also the author of two very popular trading books ‘One Good Trade’ and ‘The Playbook’.
Additionally, Mike is a regular contributor to Yahoo Finance, and often appears on CNBC’s Fast Money, CNN Money, Bloomberg, and Fox Business. But even with all of this going on Mike is still a very active, very successful trader.
During our interview, Mike delivers some great insight about traders often confusing psychology for a lack of edge, and an overview for one of his favorite setups which has been labeled ‘The Money Trade’. Plus, he shares the development program new traders go through when joining SMB Capital, and a few top-level pointers on how to achieve a sustainable trading style.
And I just want to point out this interview was recorded on the 20th of May, only reason I say this is because Mike mentions a few market events during this interview.
Wed, 20 May 2015
Welcome to episode 21, with a very special guest; Adam Grimes.
Adam is author of the very popular book titled, The Art and Science of Technical Analysis, which covers market structure, price action and trading strategies. He is also the Chief Investment Officer of Waverly Advisors, and host of the Market Life podcast.
Adam’s career dates back almost 20 years, during that time he has traded a wide range of asset classes, both independently and along side a well-respected prop firm. Plus, he also did a stint on the New York Mercantile Exchange (NYMEX).
Over the next hour or so Adam shares his interesting outlook on the market, and many aspects of trading. So as you could imagine this include plenty of discussion around technical analysis, but you’ll also pick up a number of great psychology tips to help you with the mental aspect.
Wed, 13 May 2015
This week I was thrilled to speak with a well respected, high-energy, and incredibly insightful trader. And who many of you probably already know as the head honcho at Bulls on Wall Street, his name is Kunal Desai.
I’ve been trying to bring him on as a guest for quite sometime now, but it’s finally happened, so I’m glad to be sharing this with you!
If you’re unfamiliar with Kunal, I’m gonna give you the super condensed intro, because we discuss his journey in great detail for the first part of our interview.
So Kunal is essentially an intraday momentum trader. He’s been trading since his teens, and just like many of us, he really struggled for many years going into his twenties. Eventually persuading one of the few profitable traders he knew at the time to show him the ropes. This profitable trader was Paul Singh, who taught him how to actually work the market like a trader. From there, overall it’s been onwards and upwards.
During our discussion we cover quite a range of topics, lost of interesting stuff, and a ton of great pointers. Read below for the breakdown, or better yet – hit play!
Wed, 6 May 2015
I’m not sure how it happened, but this interview somehow slipped through the cracks. I actually had the conversation with this weeks guest around November last year (2014), and it’s been tucked away in a folder ever since.
But let me introduce you to this weeks guest – Stuart McPhee from Melbourne (Australia), he’s an equities and forex trader who has been involved with the markets for around about 20 years. And he is also the Author of ‘Trading in a Nutshell’.
Our discussion was heavily based around trading plans, covering things like, what exactly is a trading plan, how to create one, and then the trickiest part of all – how to actually follow it with discipline. Actually, Stuart shares a very simple discipline hack that will help you to follow your plan for the long term, not just the next week or so.
Even though it’s taken a while to surface, I’m pleased to finally share this interview with you.
Wed, 29 April 2015
This weeks guest is a little different to many of the guests I’ve had on in the past. Instead of giving very little weight to fundamentals and news releases, these two things actually form the foundation for his trading approach. In fact, he almost disregards charts altogether, and he relates the reason for this to his background in accounting and finance.
John Welsh has been a full time trader for over 10 years and he’s racked up millions of dollars in profits along the way.
His trading consists of both intraday and swing trading, and he concentrates mainly on Biotech stocks, making roughly 90% of his trades within this sector.
Now that I’ve given you the 1,000 ft view on John’s trading journey, here he is to fill in the blanks, and give us a lot more depth around his approach.
Wed, 22 April 2015
Like many who get into trading, Jason had no formal education in the field. Actually, prior to trading full time he was waiting tables in a restaurant and bartending.
This is where he began swing trading and to this day, Jason is still primarily a swing trader. Riding trends anywhere from a few days or a few weeks, sometimes it's even a matter of months when his aim is to take out a large chunk of the move. Ultimately the market environment dictates his holding time.
This is somewhat similar to the way I like to trade, so I found many of the answers Jason gives out during this interview to be particularly interesting, and I'm sure you will too. Regardless of the time-frame you trade.
Also, in the later part of this interview, Jason shares a story about the wildly successful independent traders he's met, and the one standout trait they all have in common. Which is again, really insightful.
Q + A: If you would like to ask Jason a question and get a few pointers - drop a comment at the bottom of chatwithtraders.com/jason and he'll respond to you with an answer.
Wed, 15 April 2015
It’s almost unfathomable to think that there was a time when it would take a couple minutes to execute an order. And now days we have traders taking extreme measures, just to get filled a nanosecond quicker than the next participant.
But for this weeks guest Tim Biggam, that was the reality when he first entered the world of trading during 1985. And that entrance was straight onto the floor of the CBOE.
Just a couple years into his journey, Tim experienced the full force of the infamous 1987 crash. While he survived, and was still in good shape to trade the following day, this gave him a true appreciation for the importance of correct position sizing, after seeing so many traders get wiped out. Tim really goes into the topic of position sizing and why it is absolutely vital to get it right during the later part of this interview, so make sure to stay tuned in.
Additionally, Tim does a great job of explaining some of the terminology associated with options, how he uses scanning technology to generate trade ideas, and a whole lot more.
TAKE NOTE: Tim will be keeping a close eye on the comments at http://chatwithtrader.com/tim – so be sure to leave a question you would like him to answer!
Wed, 8 April 2015
Joel Kruger has been involved with foreign exchange since the very beginning of his career in investment banking as a currency strategist. This was after he came to the realization that he wasn’t cut out for law school.
But now days Joel is in the trenches as a self funded Forex trader, who has pushed on through many failures and created a tremendous lifestyle for himself, and his family.
Also it’s worth mentioning. Even if you’re not a Forex trader, Joel has a bunch of really good psychology tips that he shares throughout this interview.
And a special thanks to the guys who submitted questions over Twitter before this interview, Joel does a great job of answering these. So hit the play button, and start listening…
Wed, 1 April 2015
With an involvement in trading since his early twenties, and a background in mathematics and computer programming, it was a natural progression that this weeks guest would adapt a completely algorithmic trading approach.
My friends, I would like you to meet Ilan Azbel.
Ilan joins us to discuss algorithmic trading, and share some insights on a side of trading that is unfamiliar territory to many, especially in the retail space.
While we spoke for close to an hour, in the scheme of things, we only just managed to scratch the surface. But all in all, I think you'll find this really interesting and enough to get you curious (and maybe even excited) about the possibilities of algorithmic trading.
Wed, 25 March 2015
Let me introduce you to, Lance Beggs - a price action trader that is a little different to most...
While he relies on technicals to a certain degree, his edge comes from the ability to adapt the mindset of other participants and gauge entries based on their fear. Lance refers to this as the metagame, which he breaks down in much greater detail during the interview.
Lance also goes into how he controls tight stops, and uses an aggressive risk management strategy to trade without fear. Plus, this segment includes some great tips on how to nail the re-entry, that many traders struggle with, mainly due to psychology reasons.
TAKE NOTE: Lance will be keeping a close eye on the comments - so go to chatwithtraders.com/lance and leave a question you would like him to answer!
Wed, 18 March 2015
Just like the majority of those who make it, Adam will not hesitate to tell you, he was no overnight success. He went through the same struggles and faced the same challenges that many of us can relate to.
However, the one thing that set Adam apart was the fact he never gave up. And it was that determination and perseverance that landed him in the hot seat with a trading mentor, who was able to steer him in the right direction.
Jumping forward a few years Adam has forged his own method for success, and actively trades Crude Oil, Gold, and the S&P 500 futures.
During this interview you will hear about his journey on a much deeper level, and you’ll pick up many great pointers, especially around the topic of setting goals and how to actually achieving them.
Wed, 11 March 2015
On the other hand, if you’re already somewhat familiar, then I can promise that you will learn a whole lot more and really benefit from this weeks guest – Zach Hurwitz…
An independent equities trader, trading coach, systems developer, consultant to emerging hedge funds and proprietary trading firms, and VWAP mastermind.
For Zach, VWAP forms the lifeline of his trading, and for good reason, this indicator is heavily relied on by many institutional and algorithmic traders.
Over the next two hours (yes, two hours!) Zach delivers a thought-provoking introduction to VWAP. And shares many insights around his trading philosophies, psychology pointers, and what it takes to code a trading system.
TAKE NOTE: Zach is offering a 30 minute one-on-one coaching session at no cost, exclusively to listeners of Chat With Traders. Listen to the full interview, for details on how to take him up on this generous offer.
Wed, 4 March 2015
It was early 2012 when he first ventured into the jungle of penny stocks. After catching on to how these markets operated and understood the manipulation, he certainly mastered a few setups that paid him generously over and over again. Eventually he hit a few limitations, and now he's predominantly a short-seller of NASDAQ stocks, which makes for an interesting segment during this interview.
He is undoubtedly one guy you should pay close attention to, and his name is Tim Grittani, aka @KroyRunner89.
Looking back, Tim has now pinpointed the 5 key factors that have contributed to the majority of his success to date, and breakdowns each of them over the next 40+ minutes.
Plus, you'll also hear about the events that lead up to his gigantic single trade loss of $290,000 during October last year. This will give you a great appreciation of just how bad things can get when you go against your trading rules. Because as you'll hear when the ongoing problem surfaced, it got ugly - real quick!
Important: This is now one of your last chances to ENTER OUR MASSIVE GIVEAWAY at http://chatwithtraders.com/giveaway
Wed, 25 February 2015
Folks, meet Peter Zhang.
A Major in Quantitative Finance who was once without a home, dirt poor and had the odds stacked against him. But with a point to prove and the hustlers ambition, he chased down a mentor who would carefully show him the ropes, and gradually transform him into a trader who could make smart decisions, and smart trades.
After spending his last dollar on a plane ticket to Las Vegas to attend a trading conference, he got in the ear of Anand ‘Lucci’ Sanghvi (EP 008), and convinced him that starting a hedge fund would be a wise idea.
Fast forward a few years, Peter now leads the hedge fund operations at Sang Lucci Capital Partners, including a completely automated high frequency trading fund. And has a mind-blowing understanding of market structure, as you are about to witness.
But before you do anything else, be sure to ENTER OUR MASSIVE GIVEAWAY at chatwithtraders.com/giveaway.
Wed, 18 February 2015
Let me introduce you to a man who came through the doors of a prop firm in 2006, with absolutely no trading knowledge. Zilch! He mashed keys for a few years until the firm later shut shop during the GFC, then he was out on his own. Gathering $50,000 he rapidly compounded this to $2,400,000 in the two years that followed...
His name is Anand ‘Lucci’ Sanghvi, and that was just the warm up. Here he is to share his story in much more detail, and open up about some of the hard lessons he’s learnt along the way. Pay extra close attention when he talks about trading psychology – this is straight up gold!
And before you do anything else, make sure to enter our MASSIVE GIVEAWAY at: http://chatwithtraders.com/giveaway
Wed, 4 February 2015
A couple years back, I had the opportunity of attending an intimate 3 day workshop he tutored. Over these few days, Tim was an open book of trading knowledge and it was clear he knows how to extract a serious profit from the market. With that in mind, I knew I had to have him on the show to share some of those insights with you.
In today's episode Tim consistently deliverers great pointers, especially for those who are technically inclined. He also goes into detail about the influence Gann's methods have on his own approach to trading. In particular Gann's '50% rule' which continues to hold weight in today's market - study and backtest this one, see for yourself.
Now there's a lot to takeaway from this interview, hence the length and the extensive list of lessons below. It may even be a good idea to play it through twice - enjoy!
Wed, 28 January 2015
With tight risk management being one of them, he shares some of his own rules that could potentially save you a lot of money. And it’s worth noting, these rules have prevented Steve from returning to the severe drawdowns he experienced first-hand when starting out.
But really that’s just the tip of the iceberg. We also go into the methods that Steve uses to actively trade in today’s market, and he how he found a system that works for him. So hit ‘play’ and enjoy some quality trading tips for the next 35 minutes.
Wed, 21 January 2015
Here we are, the fourth episode of Chat With Traders and I’m joined by a special guest who has ridden many waves of the financial markets. Placing his first trade in 1985, Nick Radge was immediately hooked on the idea that one could profit from identifying trends.
Nick is here today to share some of the crucial lessons that have kept him in the game for almost 30 years. What I like most about this interview is Nick shines light on many areas of trading that are not often spoken about. I’ve briefly listed just a few of these lessons below, but listen to the full interview and discover how you can use these to become a sharper trader.
Sun, 11 January 2015
Timothy Sykes joins us here on the third episode of Chat With Traders to share his passion for playing penny stocks, and how traders can benefit from common scams and manipulation.
You might also find it entertaining to know that Tim has called out multiple celebrities about promoting sketchy penny stocks, so of course, I ask him about this too. Enjoy!
Sun, 11 January 2015
Throughout the interview we discuss Kirk's journey in great detail, plus much more. But not to give to much away… Just know this is a jam packed episode with Kirk sharing plenty of great insights on how you can gain an edge with your trading. This is certainly an interview you should not skip past.
Sun, 11 January 2015
Back in 1997, a work colleague let it slip that he had been making some tidy profits buying and selling stocks, Jerry took an interest and shortly after began trading with a $700 account.
But it wasn’t smooth sailing from day one, Jerry had his fair share of up’s and down’s, as you will soon discover from listening to this interview. Better yet, you will also hear about what he learnt from these, and how he now profitably trades the market.