Wed, 23 September 2015
039: Tom Dante – Speaks to the competitiveness of trading and essential skill sets for profitability
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
Direct download: 039__Tom_Dante__Speaks_to_the_competitiveness_of_trading_and_essential_skill_sets_for_profitability.mp3
Category:trading -- posted at: 6:59pm EDT
Wed, 16 September 2015
038: Kevin Davey – The development process of an algo trading strategy, from objectives to live trading
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.
Direct download: 038__Kevin_Davey__The_development_process_of_an_algo_trading_strategy_from_objectives_to_live_trading.mp3
Category:trading -- posted at: 8:59pm EDT
Wed, 9 September 2015
037: Futures Trader 71 – Understanding areas of acceptance, thinking in probabilities, and creating a legacy
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!
Direct download: 037__Futures_Trader_71__Understanding_areas_of_acceptance_thinking_in_probabilities_and_creating_a_legacy.mp3
Category:trading -- posted at: 6:41pm EDT
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
Direct download: 036__Peter_Brandt__Trading_since_1975_lessons_from_40_years_of_extraordinary_returns.mp3
Category:trading -- posted at: 8:56pm EDT