Wed, 28 December 2016
Brendan Poots is the founder of sports betting hedge fund, The Priomha Group, who mainly bet on football, cricket, golf and also horse racing and tennis.
Priomha setup shop in Melbourne (Australia) in 2010, and more recently, have expanded with a second location in Gibraltar (Europe). From inception up to the release of this episode, Priomha’s Cloney fund has returned a little over 220%.
From listening to our discussion, you’ll gain great insight to how Brendan runs his operation—from getting investors to buy in, to controlling risk and minimizing the volatility of returns, and how the fund makes money trading sports games.
Direct download: 105_20How20a20former-punter20pioneered20a20premier20sports20betting20hedge20fund20E2809320Brendan20Poots.mp3
Category:trading -- posted at: 5:33pm EST
Wed, 21 December 2016
Alex (@AT09_Trader) is a 22-year old, discretionary day trader, who’s seen great results in the few years he’s been grinding away at this. He trades small caps, and he trades aggressively—as you’ll soon hear, Alex is far from conservative.
This conversation was recorded on the 16th of November (2016), right around the time when the madness in the shipping sector was unfolding. So we got talking about the ticker DRYS and how Alex racked up a $40k loss a day or two before our interview (although, he had his first +$100k day shortly after too).
Also we spoke about how Alex got started, the types of trade scenarios that he looks for, areas that he’s working on to improve, and also his venture into real estate—where he flipped a foreclosure property for a tidy profit, plus much more.
Note: Nothing you hear on this podcast is financial advice. You’re entirely responsible for your own trading decisions.
Direct download: 104_20An20appetite20for20risk2C20and20hitting20hard20when20opportunity20arises20Alex2C2040AT09_Trader.mp3
Category:trading -- posted at: 3:25pm EST
Mon, 19 December 2016
Machine learning is a hot topic right now, with a lot of people wondering how it could be used in finance and trading. Used naively, machine learning poses a great deal of risk. We’ll discuss why that’s the case and also some good ways to use it carefully.
Sponsored by DataCamp.com – Learning to code can be challenging, but with A-grade courses at your fingertips, things are a whole lot easier. Visit DataCamp start today—sign up for free!
Direct download: Q5_20Good2028and20Not20So20Good2920Uses20of20Machine20Learning20in20Finance20w_20Max20Margenot202620Delaney20Mackenzie.mp3
Category:trading -- posted at: 7:58pm EST
Wed, 14 December 2016
On this episode, I’m joined by a quant trader who works at a high frequency trading firm—though you might be surprised to hear, he started out on the same path that many retail traders do—his name is; Dave Bergstrom.
The thing that makes Dave unique from most traders who’ve been on this podcast previously, is how he uses data-mining techniques to develop trading strategies. Though data-mining, in trading, often has a negative connotation attached to it, Dave believes this stems from bad practices and poor evaluation of methods.
In addition to the above and ways to reduce curve-fitting, we talk about escaping randomness, learning to write code, Dave’s three laws for strategy development, setting expectations and plenty more.
Q+A: Got a question for Dave? Write in the comments area at chatwithtraders.com/103.
Direct download: 103_20Escaping20randomness2C20and20turning20to20data20for20an20edge20w_20Dave20Bergstrom.mp3
Category:trading -- posted at: 4:50pm EST
Mon, 12 December 2016
When one has a price model that they think will work well for forecasting returns, the next step is to actually trade it. This isn’t that simple for a variety of reasons. For one thing, you need to define how much risk you’re okay with taking on in a portfolio, and then try to maximize your returns while staying within those boundaries. This is the foundation of modern portfolio theory—we’ll discuss some real life issues with this.
Sponsored by DataCamp.com – Wanna learn how to code? Then you best visit DataCamp. They’ve got a full suite of data science courses that’ll give you the skill-sets necessary of a quant.
Direct download: Q4_20Portfolio20Optimization20E2809320Risk20Preferences20In2C20Trades20Out20w_20Scott20Sanderson202620Delaney20Mackenzie.mp3
Category:trading -- posted at: 5:41pm EST
Wed, 7 December 2016
Eugene Soltes is an author and finance professor at Harvard Business School.
Over the past eight years, give or take, he’s spent a lot of time with many big-time executives and professionals who have been convicted of major financial crimes, such as; cooking the books, fraud, Ponzi schemes, and insider trading.
What initially began as nothing other than self-interest has materialized into a 464-page hardcover book, which was released in October this year (2016). The book is titled, Why They Do It: Inside the Mind of the White-Collar Criminal.
Intrigued by the subject matter, I invited Eugene onto the podcast and we got talking about; how Bernie Madoff became the mastermind behind the biggest fraudulent scheme in US history—sucking billions of dollars from unsuspecting investors, some of the notorious insider trading cases, and ultimately, why they do it.
Direct download: 102_20Unraveling20a202465-billion20Ponzi20scheme20and20notorious20cases20of20insider20trading20w.20Eugene20Soltes.mp3
Category:trading -- posted at: 5:51pm EST
Mon, 5 December 2016
In practice, no one trading model will ever be that good on its own. Luckily statistics has come up with a lot of theory about how you can combine weaker models to create better overall predictions. We’ll discuss how to combine many different trading signals into overall models and some of the practical considerations in doing so.
Sponsored by DataCamp.com – For new and intermediate programmers, DataCamp have an evergrowing library of interactive courses that’ll help you to become a data science wizard.
Direct download: Q3_20Seeking20Alpha_20Try20MORE20Alpha20Factors20w_20Jonathan20Larkin202620Delaney20Mackenzie.mp3
Category:trading -- posted at: 5:01pm EST
Wed, 30 November 2016
My guest for episode 1-0-1 is Siam Kidd, from Norwich in the UK. He’s a former-air force pilot, turned retail trader. He’s also a serial entrepreneur, and on a quest to dramatically improve the schooling system.
We got to chat about his shaky beginnings as a trader, his rock bottom moment, and how he trades currency pairs—using a technical-driven approach, with the goal of catching major trends when they happen.
During the later half, I ask Siam about why he got into business, how he’s found the ability to “think big” and how he’s gotten to a point where he now owns fifteen businesses. Then we also talk about flaws in the schooling system, Siam’s grand scheme, and what the future has in store for us.
Please spare two-minutes to take the anonymous Chat With Traders survey: click here
Direct download: 101_20Latching20onto20trends2C20strategic20business20moves2C20and20breaking20the20norm20w_20Siam20Kidd.mp3
Category:trading -- posted at: 5:05pm EST
Mon, 28 November 2016
Factors are at the core of a modern quant equity workflow. This episode introduces the notion of alpha and risk factors at a high level, and delves into some of the use cases which include: understanding how the market is moving, understanding how a portfolio is exposed to sources of risk, and turning ideas for price forecasting into encapsulated alpha factors.
Sponsored by DataCamp.com – DataCamp is the ultimate go-to for learning data science and stats, using programming languages Python and R. Start any online course today—for FREE!
Direct download: 0220Q2_20Seeking20Alpha_20Try20Alpha20Factors20w_20Jessica20Stauth202620Delaney20Mackenzie.mp3
Category:trading -- posted at: 5:27pm EST
Wed, 23 November 2016
My guest for this special milestone (being episode 100!) is someone who I’ve been attempting to bring on since before episode one was even released…
Folks, I’d like to introduce you to Bao—or better known as @Modern_Rock on Twitter.
Bao is an independent day trader, and a former-Silicon Valley software engineer, who made the large majority of his fortune trading stocks on the OTC bulletin board market. His story emphasizes; anyone with the will to succeed, even amongst adversity, can become unstoppable.
During the interview we speak about avoiding complacency, the greatest trade of Bao’s career, discovering a niche, managing confidence, consistency tips, how to progress as a developing trader, and much more.
Sponsored by TradeStation.com – Trade with TradeStation. Enjoy access to many markets and products, cost-saving commission rates, and more.
Direct download: 100_20Overcome20adversity2C20dominate20a20niche2C20become20the20house20E2809320Bao2C2040Modern_Rock.mp3
Category:trading -- posted at: 6:55pm EST
Mon, 21 November 2016
The worst case in finance is when you think you’re right, but you’re actually wrong. This can be especially dangerous when you’ve used some methodology or statistics to justify a decision, but are unaware of all the subtle biases that can cause false results. In this episode we’ll cover many of the ways that you can be wrong without knowing it in trading and finance.
Sponsored by DataCamp.com – For learning how to program, DataCamp is easily one of the top resources available—their online courses focus specifically on data science, stats & finance.
Direct download: 0120Q1_20You20Don27t20Know20How20Wrong20You20Are20w_20Delaney20Mackenzie.mp3
Category:trading -- posted at: 3:40pm EST
Wed, 16 November 2016
My guest for this episode is Brynne Kelly; an electricity, natural gas, and crude oil trader who’s spent the majority of her career on merchant trading desks, for the likes of BP amongst others. She has also been a prop trader and has experience as a hedge fund portfolio manager.
A few of the key topics we hit on include: Brynne’s responsibilities as head of trading desks, how she taught, trained and managed newer traders, and an overview for how Brynne trades relationships using fundamentals and macro trends. And plenty more.
For many listening, much of this may not necessarily be directly applicable to your own trading, but you’ll get great insight to how things work from the merchant side.
Sponsored by TradeStation.com – A well-established online broker, who’ve been serving retail and professional traders since 1982.
Direct download: 099_20What20happens20on20a20merchant20trading20deskE28094with20energy20veteran2C20Brynne20Kelly.mp3
Category:trading -- posted at: 4:44pm EST
Wed, 9 November 2016
098: Peter To – How successful day trading can fly in the face of conventional wisdom—with a former poker player and ex-prop trader
Before day trading equities, Peter To played a lot of online poker and did fairly well for himself. He then dabbled in markets as an investor, but was soon attracted to OTC stocks after discovering a strange inefficiency…
In this episode we spend quite a bit of time talking about Peter’s prop trading experience, both the good and the bad. Trading nihilism and doing everything you supposedly shouldn’t do, why Peter accepts he’s not a “cold blooded assassin” and does trade with the influence of emotion. Plus, we briefly touch on Bitcoin and exchange hacks towards the end too.
Peter also writes about many of these subjects on his blog, which you can read here.
Sponsored by TradeStation.com – A fully-licensed online broker and trading technology provider (who have won a ridiculous amount of awards!)
Direct download: 098_20How20successful20day20trading20can20fly20in20the20face20of20conventional20wisdomE28094ex-prop20trader2C20Peter20To.mp3
Category:trading -- posted at: 4:21pm EST
Wed, 2 November 2016
On this episode, I have our very first guest from China; Derek Wong—he is the Director of Systematic Trading and Options at a private fund in Shanghai.
Initially though, Derek got his start in the agricultural pits at the CBOT, then following on from this, he’s worked at various quant shops in Chicago, South Korea, and now days, mainland China.
After discussing Derek’s backstory, we talk; emerging markets, cultural differences of Chinese investors, convergent and divergent strategies, diversification, and some slightly unconventional ways of thinking about how you trade.
Additionally, Derek also has some awesome insight for traders who are discretionary and what traders should focus once reaching profitability.
Derek has agreed to answer any trading questions you may have. So if you’ve got a question go to chatwithtraders.com/97, scroll to the bottom of the page and write in the comments area…
Sponsored by TradeStation.com: TradeStation clients have it pretty good; an amazing platform, great commissions and all the rest!
Direct download: 097_20How20to20think20about20strategies20like20a20quant2C20then20mix2027em20together20w_20Derek20Wong.mp3
Category:trading -- posted at: 4:09pm EST
Wed, 26 October 2016
Nico (@InefficientMrkt on Twitter) is a day trader with a thirst for momentum. He predominately trades low-priced stocks that have a tendency to move fast and far—and roughly 90% of his positions are on the short side.
But the main reason why I brought Nico onto the podcast, is I feel as though he has a story which many traders will be able to relate to, on one level or another…
The short of it is; Nico placed his first trade in 2007, made 4x on his starting capital year one, and then slowly bleed his trading account for the next seven years. He’s now found his groove, but his overnight success was eight years in the making.
This episode is very much centered around Nico’s journey and development as a trader, and how full-time trading became more than a pipe dream.
Direct download: 096_An_eight_year_overnight_success_story_and_a_thirst_for_momentum_w__Nico.mp3
Category:trading -- posted at: 5:23pm EST
Wed, 19 October 2016
For this episode, the trader who I had the opportunity to speak with, and who you’re about to hear from, is Adrian—or @AdeyF69 on Twitter.
Adrian was a pro sailor for almost two decades, but for the past six years, he’s been on dry land, taking an income from financial markets as an independent day trader.
Adrian primarily trades the Bund and the DAX, though he initially started out in foreign exchange. His trading strategy is influenced by support and resistance areas, volume profiling, order flow, and stats.
After talking about how Adrian’s survived storms at sea, torturous sleeping patterns, and run-ins with pirates, we spend a fair amount of time discussing; how Adrian uses stats and some things to watch out for, and why it pays to be process driven.
Direct download: 095_Why_it_pays_to_be_relentlessly_process_driven_and_when_stats_count_w__Adrian.mp3
Category:trading -- posted at: 7:06pm EST
Wed, 12 October 2016
My guest on this episode is a former-stand up comedian, turned questionable stockbroker, turned day trader—folks, I’d like you to meet, Kenny Glick.
During the 90’s, Kenny went from the stages of comedy clubs into a hyper-aggressive brokerage firm, which he describes as being identical to scenes from the movie, Boiler Room—and he has some wild stories to share, which you’ll hear very soon.
Once Kenny realized his morals were getting in the way of his ability peddle junk stocks, he went on to pursue a career in trading stocks and options. And that’s, also, what we go into detail about during this episode.
Additionally, you’ll pick up some simple chunks of wisdom which you can apply to your own way of trading—if you choose to.
Direct download: 094_Shady_tales_from_a_real-life_Boiler_Room_and_things_profitable_traders_do_w__Kenny_Glick.mp3
Category:trading -- posted at: 6:37pm EST
Wed, 5 October 2016
What you’re about to hear is a conversation I had with a short-term futures trader, Ben—whose last name we won’t mention only for privacy reasons, but he goes by @BLB_Capital on Twitter.
Before entering the market, Ben previously ran a construction company until an injury put him out of action for a period of time, which is when a friend got him interested in trading. Developing his craft over recent years, the bulk of Ben’s trading now revolves around order flow and he’s most active in Oil, Gold and ES.
Over the next 50-mins or so we discuss; what Ben learned and emulated from a large bond trader he was trained by, insight to his core trading strategies, how he utilizes automation, why traders should be aware of “right-to-left syndrome” and more.
Sponsored by Darwinex.com: Darwinex back independent traders with talent who lack sufficient capital—scale your trading career from a side-hustle to a professional business.
Direct download: 093_What_an_order_flow_fanatic_adapted_from_one_of_the_big_boysBen_BLB_Capital.mp3
Category:trading -- posted at: 7:07pm EST
Wed, 28 September 2016
092: Dario Mofardin – Observing the whole board, building a body of evidence, swinging at fat pitches
For this episode I spoke with fund manager, Dario Mofardin.
Dario went from a finance degree, straight into a market analyst and then trader position at a private global macro hedge fund, during the early 90’s. He then went into investment banking for 13 years, working with mergers and acquisitions from various locations around the globe. And since 2008, Dario has been trading independently, but has recently begun trading external funds also.
Some of the key points we chat about during this episode include; seeing the whole board as a global macro trader, how to build a body of evidence, why Dario went from short-term trading to higher timeframes, plus trade management and checklists too.
Direct download: 092_Observing_the_whole_board_building_a_body_of_evidence_swinging_at_fat_pitches_w__Dario_Mofardin.mp3
Category:trading -- posted at: 7:21pm EST
Wed, 21 September 2016
Craig Scott is someone who has been trading and investing for most of his life, first starting in school when he participated in a year long stock picking competition.
Once completing a double major in finance and accounting, Craig spent many years as an auditor and an accountant, and later on, the entrepreneur within had him start and grow several businesses (doing similar things) along the way.
As Craig describes his style of trading and investing; it’s a hybrid of fundamentals, momentum, sentiment and instinct. He uses options for short-term positions and for mid/longer-term positions he uses stocks. And worth mentioning; Craig’s very adamant about the fact that he does not use charts!
Direct download: 091_Trading_fundamentals_sentiment_and_events_and_why_conviction_matters_w__Craig_Scott.mp3
Category:trading -- posted at: 6:32pm EST
Wed, 14 September 2016
For this episode I’m joined by Michael Halls-Moore, who runs QuantStart.com—a site well-known by many algorithmic traders.
Prior to trading, Michael studied computational fluid dynamics and was the co-founder of a tech startup, before getting involved a small equity fund as a quant developer—where his key role was cleansing data.
Now, independently, Michael trades his own short-term algorithmic strategies, consults to hedge funds on machine learning and quant infrastructure, and also has a keen interest in space exploration.
We discussed a whole range of topics, including; the need for quality data, thinking about risk from a portfolio level, trading multiple automated strategies, the role of common sense in parameter optimization, learning to program, and more.
Sponsored by Tradovate.com – Commission-free futures trading has arrived. As a Tradovate customer, you’ll pay one flat monthly rate to trade unlimited contracts—starting from $39.
Direct download: 090_This_quants_approach_to_designing_algo_strategiesMichael_Halls-Moore.mp3
Category:trading -- posted at: 7:47pm EST
Wed, 7 September 2016
Blake Morrow (otherwise known as @PipCzar on Twitter) started out as a stock broker in 1995, but this only lasted for a short period of time, before becoming a trader…
A wealthy friend put up $50,000 in starting capital, which Blake lost about $30,000 of it within the first six months. Though, before wiping out, Blake was able to turn that remaining $20,000 into roughly $1.5M in the next few years that followed.
He’s since been involved in various trading and technology firms, but today, Blake is the Chief Currency Strategist for WizeTrade, co-founder of Forex Analytix, and an independent forex trader.
Over the course of this episode you’ll hear about Blake’s story in greater detail, how he navigates forex markets—using charts and technical analysis as well as economic drivers, some tips for beginning traders using leverage, and plenty more.
Direct download: 089_From_ramen_noodles_to_a_lucrative_career_trading_Forex_markets_w__Blake_Morrow.mp3
Category:trading -- posted at: 7:26pm EST
Wed, 31 August 2016
Dave Lauer is a former-high frequency trader for firms such as Citadel and Allston Trading. He’s worked specifically in various areas of the HFT pipeline, including; research and modelling, building hardware, and programming and operating strategies—which are measured in millionths of a second (or microseconds).
Following the Flash Crash, Dave left his role as a trader (for various reasons we discuss during this episode) and now, as a partner of KOR Group, consults to institutional managers on market structure and best execution.
Dave was also featured in the VPRO documentary, The Wall Street Code, along with other Chat With Traders guests; Haim Bodek, Eric Hunsader, and Blair Hull.
Sponsored by TechnicianApp.com: Chart, analyze, and trade from anywhere with Technician’s award-winning app—for mobile, tablet, and desktop. Learn more and sign up for free!
Direct download: 088_A_former-high_frequency_trader_talks_speed_market_structure_and_dark_poolsDave_Lauer.mp3
Category:trading -- posted at: 6:16pm EST
Wed, 24 August 2016
This week on the podcast, I spoke with Tom Sosnoff, who many of you will already know—he’s pretty close to a household name name in this industry. But if you don’t…
Tom was a floor trader at the CBOE for 20 years, later going on to co-found thinkorswim—a widely popular online brokerage. In 2009, thinkorswim was sold to TD Ameritrade for approximately $606M, and Tom left the company shortly after to start financial news show, tastytrade.
In this episode we hit on; the issue with being too risk adverse in markets and in life, Tom’s extensive trading career, plenty of talk about options, the value of intellectually challenging ourselves (with respect to finance), and more.
Direct download: 087_Tom_Sosnoff_speaks_on_life_experiences_trading_options_and_reaching_your_potential.mp3
Category:trading -- posted at: 6:22pm EST
Wed, 17 August 2016
Jared Tendler is an internationally recognized mental game coach. His clients include world champion poker players, the #1 ranked pool player in the world, professional golfers, and more recently, traders too.
If Jared was to summarize exactly what he does (and what he specializes in), it would be; removing negative and excessive emotion from decision making.
So naturally, this serves as the underlying theme throughout our conversation, but we also discuss higher-level topics like; variance, the major crossovers between high-stakes poker and trading, how psychology has been oversold and when it really matters, plus how to identify various types of “tilt.”
Direct download: 086_What_traders_can_learn_about_mental_game_from_world_champion_poker_coachJared_Tendler.mp3
Category:trading -- posted at: 6:41pm EST
Wed, 10 August 2016
Blair Hull has been labeled by Forbes as, “One of the most successful traders of the last 40 years,” and he was also profiled in Jack Schwager’s, The New Market Wizards.
Prior to trading, Blair was a serious Blackjack player for 5-years during the 70’s. From there he took his winnings to the the Pacific Exchange to trade mispriced options, and in 1985, he founded one of the world’s premier market-making firms, Hull Trading.
At its peak, Hull Trading was active on 28 exchanges in nine countries. Then in 1999, the firm was acquired by Goldman Sachs for $531 million dollars.
Today, Blair is the founder of Hull Investments—the parent company of an actively managed ETF, Hull Trading Asset Allocation, and proprietary firm, Ketchum Trading.
Listening to this interview, you’re going to hear more about Blair’s career and his observations as a trader, why he believes great things happen in teams, and why everything revolves around having an edge.
Sponsored by TechnicianApp.com – For professional-grade charts and technical analysis tools everywhere you go, use Technician—it’s FREE!
Direct download: 085_Know_your_edge_exploit_your_edgesurvive_the_game_w__Blair_Hull.mp3
Category:trading -- posted at: 6:40pm EST
Wed, 3 August 2016
This episode features Dr. Yves Hilpisch—the founder of The Python Quants.
TPQ do a lot of good for those involved in quantitative finance, they; frequently host meet-ups and workshops, have developed platforms and analytics libraries, and often contract to exchanges, banks and hedge funds for custom Python development.
Yves is also a three-time published author, with his most notable title probably being “Python for Finance” which was released through O’Reilly. He regularly gives presentations and speaks at events on the subject of quant finance, and lectures at Universities too.
Over the next sixty minutes, you’ll hear us unpack many subjects related to being a quant and why programming in Python can be a useful skill to have in your toolbox.
Note, some of the discussion in the later part may be a little heavy for non-programmers. So if there is something that doesn’t make sense or you’d like more context around, please just write in the comments at the bottom of this page and I’ll do my best to point you in the right direction.
Direct download: 084_20Quantitative20finance20and20programming20trading20strategies20w_20Yves20Hilpisch20of20The20Python20Quants.mp3
Category:trading -- posted at: 7:18pm EST
Wed, 27 July 2016
The trader I interviewed for this episode is; Ryan Moffett from Blackpier Capital.
Having been involved with markets for about 12 years now, Ryan has experience in trading, strategy design, portfolio construction and even alternative investments—all, while working for several firms (one of which, managed upwards of $2B).
More recently though, Ryan’s ventured out to start a fund of his own, where he wears the badge of Lead Investment Manager.
Some of the subjects we check off during this episode, include; the snapping point that lead Ryan to pursue trading and cold-call 50 fund managers for guidance. How he was able to form various mentoring relationships, the first steps of starting a fund and the unseen challenges.
Plus we discuss options, strategies and research, but the highlight for myself was hearing Ryan’s insight on deliberate practice and mental discomfort.
Direct download: 083_Getting_mentors_starting_a_fund_and_deliberate_practice_w__Ryan_Moffett_of_Blackpier_Capital.mp3
Category:trading -- posted at: 6:49pm EST
Wed, 20 July 2016
This week, for the second time on Chat With Traders, my guest is Morad or better known as; Futures Trader 71.
As you could imagine, FT is a futures trader, he’s also very short-term and has been trading for about 16 years now. During this time, he was the founder of a successful prop firm and more recently, has started a brokerage; Stage 5 Trading.
First time around (on episode 37) we spoke extensively about FT’s path of becoming a trader, market profile and volume profile, and creating a legacy. This time we spoke about all new topics…
For example; how to learn a new skill, how to measure your progress besides PnL, how to remove attachment to the outcome, how FT uses a regressive risk management strategy, and plenty more too.
Direct download: 082_How_to_become_the_trader_you_wish_you_were_w__Futures_Trader_71.mp3
Category:trading -- posted at: 6:44pm EST
Wed, 13 July 2016
081: Alan Farley – Breaking down breakouts and dynamics of price movement, with The Master Swing Trader
Our guest this week is Alan Farley, who took his first trades in the late-80’s.
Alan is an active swing trader, and most of his positions take place in the US equity market—although he occasionally trades index futures and currencies too.
In 2001, Alan released his first book, The Master Swing Trader, which may be the best-selling book on the subject). He’s also a regular contributor to The Street and Investopedia, having written hundreds of articles over the years.
Subjects you’ll hear about include; the unusual way in which Alan got a well-rounded education of financial markets. Some of the big lessons that shaped him into the trader he is now, in particular, the concept of convergence and divergence. Plus, we talk about the dynamics that generate price movement, and much more too.
Direct download: 081_Breaking_down_breakouts_and_dynamics_of_price_movementmaster_swing_trader_Alan_Farley.mp3
Category:trading -- posted at: 7:39pm EST
Wed, 6 July 2016
Anthony Crudele started at a very young age on the CME floor, and he has one really interesting story about coming up as a trader…
It does involve some pretty drastic failures, burning through significant amounts of cash, and a whole lot of perseverance. But, he eventually broke through and went on to have years of making six and seven-figures, while heavily trading the E-Mini S&P 500 from it’s inception.
In our chat, you’ll hear about Anthony’s multiple blowouts and comebacks, his turning point as a trader, his approach to trading futures today, and a healthy reminder to protect your downside.
Sponsored by RealVisionTV.com – Real Vision TV is pretty much like Netflix, but purely for finance and investing—it’s a real treat! Get yourself a free 7-day trial to start streaming now.
Direct download: 080_One_traders_volatile_path_from_below_zero_to_hero_and_beyond_w__Anthony_Crudele.mp3
Category:trading -- posted at: 6:14pm EST
Wed, 29 June 2016
079: Raoul Pal – The biggest financial experiment the world has ever seen, explained by a global macro investor
Raoul Pal has a history rooted in the hedge fund industry, and with him, he carries more than 25+ years of experience in financial markets.
For a number of years he worked at Goldman Sachs where he co-managed the hedge fund sales business in equities and equity derivatives. He later moved on to GLG, one of the largest hedge fund groups in the world, where he launched their global macro fund in London.
Today, Raoul no longer manages client money but continues to invest his own. He also writes a premium research newsletter, The Global Macro Investor, and is the co-founder of Real Vision TV.
In this episode we navigate through some uncharted waters which have not been explored previously on this podcast. So in addition to macro investing, technical analysis and hedge funds, we discuss theoretical economic models, business cycles, negative interest rates, and why the world is economically in a frightening position.
Sponsored by TradeStation.com – With TradeStation, you’ll have access to a wide-range of markets and products, an award-winning platform, favorable commissions, and a sharp support team.
Direct download: 079_The_biggest_financial_experiment_the_world_has_ever_seenglobal_macro_investor_Raoul_Pal.mp3
Category:trading -- posted at: 6:39pm EST
Wed, 22 June 2016
As I’m sure you already well aware, Jack Schwager has been involved with financial markets for many years, he’s the author of the acclaimed Market Wizards series and others, and he’s also the co-founder of FundSeeder.
During our talk, we go behind the scenes of the Market Wizards and Jack shares his experiences from conducting interviews with trading royalty and some of his most memorable moments.
Of course, I ask Jack to flesh out some of the great knowledge he’s learned from this—discussing; self-confidence, sacrifices, what separates a profitable trader from a super trader, and the issue with seeking comfort.
You’ll also hear an update on FundSeeder, as well as something you might be very interested to know, what trading books does Jack recommend to others?
The New Market Wizards is now available as an audiobook on Amazon. Get a free copy
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Direct download: 078_The_making_of_Market_Wizards_and_wisdom_from_elite_traders_w__Jack_Schwager.mp3
Category:trading -- posted at: 7:04pm EST
Wed, 15 June 2016
You’re about to hear a really interesting conversation I had with Dennis Dick.
Dennis first started out meddling with penny stocks, before soon joining a well-established prop firm known as; Bright Trading—this was in the late 90’s. To this day Dennis remains with the same firm, still as an active short-term equities trader, but also as their Market Structure Analyst.
If his voice sounds familiar, that’s probably because he’s the co-host of Benzinga’s PreMarket Prep live morning show too.
Some of the key talking points that come up over the next 60 minutes, include; scalping, surviving as a short-term trader in a high frequency world, various order types, and the opportunities that can be found trading the open (this is actually where Dennis makes 50% of his money each day—within the first five minutes).
Sponsored by TradeStation.com – TradeStation, an award-winning broker, equip clients with remarkable technology for an advantage in competitive markets and so much more.
Direct download: 077_How_to_be_a_profitable_short-term_trader_in_a_high_frequency_world_w__Dennis_Dick.mp3
Category:trading -- posted at: 6:09pm EST
Wed, 8 June 2016
Our featured guest for this weeks interview is, Saul Knapp.
Saul originally started out as a runner on the floor of the LIFFE exchange (in London), when he was just 16 years old. Later moving on from there, he’s had various roles as a risk manager for proprietary trading firms, at times, monitoring positions for as many as 120+ traders. Today, Saul lives in Spain where he runs a small prop firm of his own.
In regard to how he trades, Saul is a spread trader who’s most active in the energy markets. So, spread trading is something we cover during our conversation, as well as his observations from being a risk manager and helping other traders improve.
If you have any questions, or if there’s anything which you’d like further explanation on, just write in the comments below to get a response from Saul.
Sponsored by TradeStation.com – Get ultra-competitive commissions, support from fully licensed brokers, powerful analysis tools and an award-winning platform, plus more.
Direct download: 076_Insight_from_a_former-risk_manager_of_120_prop_traders_and_spread_trading_w__Saul_Knapp.mp3
Category:trading -- posted at: 7:35pm EST
Wed, 1 June 2016
075: Dan Aisen – The mechanics of a dark pool, and a quest to make markets “fair” (with the co-founder of IEX)
For this episode, I had the great pleasure of speaking with Dan Aisen—one of the co-founders of IEX, and one of Forbes’ 30 Under 30 in Finance (2015).
Dan got his start at RBC where he developed their flagship execution algorithm, THOR. This was also where he met and worked under Brad Katsuyama—one of the other co-founders and CEO of IEX, who was heavily profiled in Flash Boys.
As many of you may already know, IEX is an Alternative Trading System (ATS), or more commonly referred to as a dark pool. However, they’re currently in the midst of filing for exchange status.
During our talk, I asked Dan more about the projects he worked on at RBC, how IEX went from nothing more than an idea to an operating trading venue, and why they’re on a quest to make markets “fair”.
We also discuss the “speed bumps” which have been implemented at IEX, the mechanics of dark pools, and general chat about the broader market structure.
[FREE: An unreleased interview with trader, Peter Brandt]
Peter’s been a market speculator for 45+ years, and is undeniably one of the greats. Listen to his wisdom in our second interview—available here only.
Direct download: EP20075_20The20mechanics20of20a20dark20pool2C20and20a20quest20to20make20markets20_fair_20w_20Dan20Aisen20from20IEX.mp3
Category:trading -- posted at: 5:02pm EST
Wed, 25 May 2016
074: John Walsh – Pocketing $100k from a trading comp, and making simplicity a priority w/ the Black Cabbie Trader
My guest this week is John Walsh, aka The Black Cabbie Trader.
The backstory of John; in 2012 he entered a competition—the City Index Trading Academy. The idea was to take a group of people with very little market experience to see how well they would perform as active traders, over the span of 5 weeks. John came out on top and won the £100,000 prize money which was up for grabs.
He’s of course continued trading ever since, and has developed into quite the trend/position trader—focused on US equities, making simplicity an absolute top priority. He’s also a black cab driver in London, which you’ll hear more about shortly.
In this episode we chat about; the competition, John’s trading methodology, why you must ‘stay out of your own way’ (as John puts it), and plenty more.
Please take two minutes to support this podcast by leaving an iTunes review.
Direct download: 7420EP20074_20Pocketing2024100k20from20a20trading20comp2C20and20making20simplicity20a20priority20w_20John20Walsh20aka20Black20Cabbie20Trader.mp3
Category:trading -- posted at: 6:43pm EST
Wed, 18 May 2016
For Charlie Bathgate, trading has been a part of his life since as far back as he can remember—his father was an options market maker, and not to mention his brothers and sister work major-roles in the industry too.
Today, Charlie is a partner and the CEO of two operations; Sang Lucci and Flammarion. Sang Lucci being a provider of trader education, and Flammarion being a hedge fund (which mostly consists of automated traders).
We had an awesome chat, speaking about; his observations from working with and evaluating traders, why humility is key, and what it means to “own your strategy”. Also Charlie shares big insight from his obsession with psychology and biohacking, and how innovative technology being used by the NBA can benefit traders.
Join the free Facebook group for Chat With Traders listeners and traders.
Direct download: 7320EP20073_20Observations20from20pro20traders2C20humility2C20psychology20and20bio-hacking20w_20Charlie20Bathgate.mp3
Category:trading -- posted at: 6:25pm EST
Wed, 11 May 2016
This weeks guest preferred to remain somewhat anonymous, although his name is Rob – others know him as RG, and he’s a part of Discovery Trading Group.
Rob is an active futures traders and is what most people would call a pure scalper, but he refers to himself as a “street level gambler with an appetite for risk”. Either way, he is very short-term and often just trading for a couple ticks at a time. So that’s one side of what he does, the other side, Rob is also involved in a quantitative research firm which trades a whole range of strategies, over various timeframes, in many different markets.
Over the next 60 minutes; you’ll hear about Rob’s early years of trading during the 80’s, and how he’s developed into the trader he is today. Rob also drives home the importance of risk management, shares a few gambling analogies, and talks about the benefit of interacting with other traders on a regular basis.
Join the free Facebook group for Chat With Traders listeners and traders.
Direct download: EP20072_20Why20risk20management20is20king2C20and20why20gambling20isn27t20such20a20dirty20word20w_20Rob20from20Discovery20Trading20Group.mp3
Category:trading -- posted at: 7:36pm EST
Wed, 4 May 2016
A big guest on the podcast this week—a man who for many won’t need any introduction, he is; Eric Scott Hunsader.
Eric started out as an algorithmic trader in the early 80’s, soon after became a self-taught programmer, and since then he’s written many software applications for financial data. But today, Eric is the founder of Nanex, a whole market streaming data feed, which transmits 20 billion data points every day.
Well-known for speaking out against the many issues that surround high frequency trading, Eric will tell you straight; HFT firms are stealing money, exchanges have rigged the market, and the regulators that allow this type of activity to continue are corrupt individuals.
Additionally we talk about quote stuffing, mini-flash crashes that occur on a daily basis, and why Eric recently received a $750,000 whistle-blower award from the SEC.
Direct download: 071_Rigged_markets_stealing_and_corrupt_regulators_w__Eric_Hunsader_of_Nanex.mp3
Category:trading -- posted at: 7:20pm EST
Wed, 27 April 2016
Jeff is a day trader who specializes in the S&P futures, and predominately trades a mean-reversion strategy which is built upon data and statistical probabilities.
Across his 20+ year trading career, Jeff has also been heavily involved in the process of developing and deploying algorithmic strategies—but slightly less these days.
In this interview we talk about Jeff’s prop days, risks of being a one-man-business, automated trading, specializing, statistics, and more.
From this conversation, I think you’ll pick up on the underlying theme, which is all about building confidence in your strategy and then being able to size up when you have an edge.
Also, Jeff is answering your questions…
So if you have a trading question or would like more depth on any topic discussed, leave your question in the comments area at chatwithtraders.com/70 and Jeff will respond to you.
Direct download: 070_Specializing_automating_and_using_stats_for_high_probability_trade_setups_w__Jeff_Davis.mp3
Category:trading -- posted at: 6:46pm EST
Wed, 20 April 2016
069: John Carter – How an aggressive trader thinks, uses options, and made $1.4M on a single Tesla trade
Welcome back for another installment of the Chat With Traders podcast. I’ve got an awesome guest lined up for you, John Carter, from Austin Texas.
In short; John is an options trader (and also futures, to a slightly lesser extent), he’s been trading for around about 25 years now. His typical holding time for any given trade is just a couple days, and he classifies himself as an aggressive trader – which I think you’ll pick up on pretty quickly.
In this interview, you’ll hear I ask John about the multiple boom ‘n bust cycles he endured over the space of about 8 years before gaining real consistency. I also ask, is a high risk tolerance essential for becoming a successful trader?
Then we get into some talk about options, and John has some really great advice for those who are still trying to find their feet. Additionally, we talk about indicators and technical analysis, and we go step-by-step through John’s million dollar TSLA trade.
So there’s a lot packed into this episode, I hope you enjoy it, but more than that, I hope you can take at least just one thing away from this and apply it to your own trading.
Direct download: 069_How_an_aggressive_trader_thinks_uses_options_and_made_1.4M_on_a_single_TSLA_trade__John_Carter.mp3
Category:trading -- posted at: 6:39pm EST
Wed, 13 April 2016
068: Mikael Syding – From “schoolyard hippie” to European Hedge Fund Manager of the Decade (to AI enthusiast)
For this episode, we have our very first guest from Sweden—big shout out to Sweden!
I spoke with Mikael Syding; a value investor who spent 15 years in the hedge fund business, and in 2009, he was awarded European Hedge Fund Manger of the Decade before retiring shortly after.
During the interview, I ask Mikael to share his three greatest lessons for traders and investors, how he spotted growth opportunities, and I also ask him how his views on money have changed over the span of his career, plus a whole lot more…
All of this was great, but I have to say, my favorite part of this conversation was the last 10-15 minutes, where Mikael talks about artificial intelligence and technology becoming one with humans. It’s full on—prepare to have your mind blown!
Direct download: 068_From_schoolyard_hippie_to_European_Hedge_Fund_Manager_of_the_Decade_to_AI_enthusiast__Mikael_Syding.mp3
Category:trading -- posted at: 7:20pm EST
Wed, 6 April 2016
We have a very special guest on the podcast right now; Jerry Parker.
For those who don’t know, Jerry is one of the original widely-recognized, Turtle Traders. The Turtles were a small (somewhat secretive) group of traders who were mentored and trained by Richard Dennis, a big time commodities trader, in the 80’s.
It’s an interesting story and you’ll hear more about this in just a moment.
Today, Jerry remains the founder of Chesapeake Capital, which is a commodity trading advisor, and he has well ‘n truly stuck to his roots as a die-hard trend follower.
We discuss all the above at length, plus I also had a few questions for Jerry around the subject of trading other people’s money–which is something you may not have considered before. And on the other side, some of the questions you should ask a CTA (or money manager) before investing.
It was a huge honor to speak with Jerry Parker, and I hope you enjoy the interview.
Sponsored by BrokerNotes. Save yourself the hassle of manually comparing brokers, BrokerNotes free online tool will find you a best match in 2 steps and less than 30secs.
Direct download: 067_The_Turtle_Traders_story_following_major_trends_and_managing_investors_money_w__Jerry_Parker.mp3
Category:trading -- posted at: 6:15pm EST
Wed, 30 March 2016
This week we have returning guest, Dan Shapiro, who was first on episode 32. And after receiving a lot of really great feedback from that interview, I knew I would have to have him back on, so here we are…
Dan works on an intraday timeframe and predominately trades high beta stocks. He’s been trading for 16 years, and during this time has experienced the extreme highs and lows that this business can throw at you. For a good part of his career, Dan was heavily involved in the prop world, but now trades independently from New York.
Over the next 60 minutes you’ll gain some insight to Dan’s methodology, thoughts on managing risk, an outsiders view on the current state of prop trading, and more…
This interview will leave you with plenty to think about, and may even help you to adjust your mindset – if that’s something which is holding you back.
Direct download: 066_Blocking_excess_noise_establishing_your_process_and_getting_screen_time_w__Dan_Shapiro.mp3
Category:trading -- posted at: 5:37pm EST
Wed, 23 March 2016
For this episode, I interviewed a very special guest; Dr Brett Steenbarger (after many, many requests from listeners).
Brett is a very well known trading psychology coach, and has consulted to some of the biggest names in the industry. He’s also a respected author who has now published four books, some which have been recommended reading by previous guests on this podcast.
During our conversation, I asked Brett how to break bad trading habits and introduce new best practises, to explain why traders need to be adaptable in markets, plus how we should think about goal setting and measure progress. And of course, much more about how to enhance your performance as a trader.
If you do enjoy the interview, please leave an iTunes review! Click here
Direct download: 6520EP20065_20How20to20master20trading20psychology20with20the20coach20to20the20heavy-hitters20E2809320Brett20Steenbarger.mp3
Category:trading -- posted at: 6:50pm EST
Wed, 16 March 2016
064: Nick Radge – The casino edge, mean reversion strategies, and how to develop robust trading systems
For this episode I spoke with returning guest Nick Radge, who was originally on episode number 4.
But in case you missed it; Nick is a systematic trend follower and momentum trader, most active in Australian and US equity markets.
This time around, we discussed mean reversion strategies and why they may appeal to certain traders, the importance of trade frequency when developing a system, which then leads into the characteristics of a robust trading system.
One of my own ‘top takeaways’ from this conversation, was hearing about Nick’s emphasis on trying to break and stress test systems – rather than simply trying to develop the “best system”.
Like the last few guests, Nick has also offered to answer any trading questions you might have. So if there’s something you want to know more about, just leave your questions in the comments are at the bottom of this page.
Direct download: 064_The__casino_edge_mean_reversion_strategies_and_how_to_develop_robust_trading_systems_w__Nick_Radge.mp3
Category:trading -- posted at: 6:52pm EST
Wed, 9 March 2016
063: Nicola Duke – Strong determination, preserving mental capital, and professionally trading futures
Here we are, episode 63 and I have another brilliant (and very experienced) guest lined up for you this week.
Her name is Nicola Duke, or @NicTrades on Twitter. She’s a professional swing trader from the UK, actively tracking 36 futures and forex markets – who takes a technical and systematic approach to trading.
Some of the highlights from our conversation…
Hearing about how Nicola’s typical trading day used to start 1:30am, learning that her mentor never showed her a single setup, the concept of preserving ‘mental capital’, and insight to how she trades with a systematic approach.
You may also like to know, Nicola is open to answering any questions you might have, so if there’s something you’d like to ask leave a comment at the bottom of this page.
And if you’re enjoying the podcast, please leave an iTunes review. It’ll take you no more than two minutes and it helps more than you know – you can even do it while you’re listening.
Direct download: 063_Strong_detemination_preseving_mental_capital_and_professionally_trading_futures_w__Nicola_Duke.mp3
Category:trading -- posted at: 6:14pm EST
Wed, 2 March 2016
062: Tracy (@ChiGrl) – Pairing technicals & fundamentals, and the life of a hardcore crude oil trader
For this episode, I spoke with a trader who has spent many years in the financial hub of Chicago; Tracy – otherwise known as @ChiGrl on Twitter.
Tracy is a technical intraday trader, but also tracks fundamentals very closely. She solely focuses on the energy sector and has an obsession with crude oil...
During our interview, Tracy shares her story about how she up and left LA to chase her desire of becoming a trader. And how she wound up at a “hack-shop” brokerage, which is best described as a scene from the trading movie, Boiler Room.
We also discuss the bear market of oil, the impact falling prices have on a macro level, the skill sets that are have helped Tracy to survive and thrive as a trader, plus much more.
And last thing, Tracy has kindly offered to answer any questions that you may have – whether they’re about oil specifically, or just trading in general. Just scroll to the bottom of this page and write your questions in the comments area.
Direct download: 062_Pairing_technicals__fundamentals_and_the_life_of_a_hardcore_crude_oil_trader_w__Tracy.mp3
Category:trading -- posted at: 6:38pm EST
Wed, 24 February 2016
061: Ari Pine – A scientific trading perspective, process over outcome, and the law of large numbers
Ari Pine has many years of real market experience on his side, and during this time he’s traded a whole range of markets in various positions and roles…
Some of those include; working at J.P. Morgan, developing risk management software, trading for a long volatility hedge fund, making markets in gold and silver options, and even giving presentations to the Chinese stock exchange.
Moving forward to current times, Ari is now in charge of building out a quantitative trading group – approaching the markets from a scientific perspective, and asking “good questions” to solve trading problems.
Our conversation includes all the above, plus some really valuable info about; positive expectations, the law of large numbers, and process over outcome.
Direct download: 061_A_scientific_trading_perspective_process_over_outcome_and_the_law_of_large_numbers_w__Ari_Pine.mp3
Category:trading -- posted at: 6:27pm EST
Wed, 17 February 2016
Here we are at episode 60, and my guest is Peter Tuchman, aka the ‘Most Photographed Man on Wall Street’.
Peter is a broker on the floor of the New York Stock Exchange, and he’s worked there for the past 30 years. So as you could imagine, he’s seen massive shifts in the landscape of trading (especially on the floor), and has been in the thick of it for many significant market events.
During our interview, Peter shares some of his most memorable moments – reflecting on the crash of ’87, and what it was like to be there trading the Alibaba IPO. He also explains the role of a broker on the floor of the exchange today, and almost like a lesson in history; how this has changed over time. And of course, much much more.
I had a lot of fun doing this interview, Peter has an undeniable passion and excitement for markets, which you’ll pick up on straight away – so I hope you enjoy this interview.
Direct download: 060_30_years_on_the_NYSE_a_lesson_in_history_with_Wall_Sts_Most_Photographed_Man_Peter_Tuchman.mp3
Category:trading -- posted at: 6:24pm EST
Wed, 10 February 2016
This weeks guest is Daniel Goldberg, an active trader and partner at Futex – a proprietary trading firm located in London, UK.
Dan has been involved with financial markets since 1995 (straight out of college), and got his start as a book-runner on the exchange floor. He later became a pit trader, and was also there for the transition to electronic markets.
These days, Dan plays a major role in training new traders to the firm, and predominantly focusing on two markets; Bunds and Euro Stoxx.
Some of the topics we covered during our discussion; how Dan seeks out trading opportunities and uses tools such as the price ladder and market profile. And how macro events effect have a significant impact on his trade decisions.
I also ask Dan a bunch of questions centered around prop trading, and he has some really interesting points to share on the topic of risk. So there’s plenty to learn from Dan, enjoy!
Note: This interview was recorded 3rd February 2015
Direct download: 059_Being_alert_to_market_conditions_and_trading_within_a_prop_firm_w__Dan_Goldberg_of_Futex.mp3
Category:trading -- posted at: 6:48pm EST
Wed, 3 February 2016
This week I spoke with Paul Singh, a long-time trader who has been doing this since his college days. Over the years he’s traded stocks, options and futures, but now tends to focus purely on stocks.
In fact, Paul actually began trading during the ‘dot com boom’ and quickly racked up huge profits – he was living large in a penthouse, his neighbors were professional athletes, and all was good …until the bubble burst, and that’s when he returned to square one.
So, during this interview we discuss; the light-bulb moments and changes he made to his trading which helped him to achieve sustainability and consistency. We talk about how he transitioned into full-time trading, why you should be cautious of micromanaging positions, and overall; how to be a better swing trader.
It’s worth mentioning, there’s also something within this interview for day traders, because Paul is very active on an intraday timeframe too.
Direct download: 058_Planning_and_preparation_failing_to_plan_is_planning_to_fail_w__Paul_Singh.mp3
Category:trading -- posted at: 6:15pm EST
Wed, 27 January 2016
This week, I have a really interesting guest on the podcast; his name is Jesse, but in the Twittersphere he goes by @PsychoOnWallSt. (a play on the cult film American Psycho)
A couple things you should know about Jesse is; he made $500,000 in 90 days trading marijuana penny stocks, and then lost it all just as quickly – one wild story…
He went from part-time to full-time trading, and for now, has returned to part-time trading with the results confirming this was a profitable move. He describes his approach as a hybrid between a day trader and a swing trader.
And his motive for trading, is to one day open a fully-functional no-kill animal shelter – needless to say, I have a great amount of respect for Jesse.
All of these topics and more are covered in-depth during the interview. Plus, Jesse has also offered to answer any questions you may have for him at chatwithtraders.com/57. So go ahead and take advantage of this!
Direct download: 057_500_of_beginners_luck_and_how_to_thrive_as_a_part-time_trader_w__Jesse.mp3
Category:trading -- posted at: 6:01pm EST
Wed, 20 January 2016
056: Matt Zimberg – The makeup of successful traders & observations from a veteran broker w/ Optimus Futures
This weeks guest is Matt Zimberg – the founder of Optimus Futures, a boutique brokerage firm.
Matt has been deeply involved in the business of trading since his early 20’s, and while he’s no longer an active trader – he is extremely insightful on the subject. Keeping in mind, he has extensive conversations with many traders every day; from absolute beginners to those trading 7-figure accounts and upwards.
In particular some of the topics we covered during this interview, include; the make-up of a successful trader, why professional trading should be boring (you hear it all the time, but Matt does a really great job of explaining WHY), some tips and pointers for selecting the right broker, and much more.
Direct download: 056_The_makeup_of_successful_traders__observations_from_a_veteran_broker_w__Matt_Zimberg_of_Optimus_Futures.mp3
Category:trading -- posted at: 6:20pm EST
Wed, 13 January 2016
This week on the podcast I interview Nathan Michaud of Investors Underground.
Nate has been a day trader since 2003, and the stories from his first few years in the game are enough to make your head spin. After experiencing major highs and lows, both financially and psychologically (all covered during the interview), he’s gone from strength to strength playing small-cap momentum stocks.
Over the next 60 minutes you’ll learn about; Nate’s approach to fast moving stocks, the additional risks linked with short-selling, a smart way to scale up, the power of compounding, and heaps more.
For educational material and on-going support from the Investors Underground community, go to chatwithtraders.com/IU for a discounted rate.
Direct download: 5520EP20055_20Trading20small-cap20momentum20stocks2C20and20scaling20up20w_20Nathan20Michaud20of20Investors20Underground.mp3
Category:trading -- posted at: 8:27pm EST
Wed, 6 January 2016
To start the year with a bang, I have a very special guest on the podcast this week, who I’d like you to meet – his name is, Rishi Narang.
Rishi has an impressive background, and has been involved with financial markets for over 20 years now. He originally started out as an analyst at Citibank, prior to co-founding TradeWorx with his brother Manoj Narang (a fintech company, turned high-frequency hedge fund).
Since 2005, Rishi has been the Founding Principal at T2AM – a fund of funds, which specialize in short term quant trading strategies.
He’s also the author of Inside the Black Box, and was featured in a must-watch VPRO documentary titled ‘Money & Speed: Inside the Black Box’.
During our discussion (which went for well over an hour), we spoke about; the non-textbook definition of alpha, the components of a black box, where humans have an advantage over computers and vice-a-versa, and we also explore the subject of high frequency trading and speed.
Direct download: 5420EP20054_20The20components20of20a20black20box2C20humans20versus20machines2C20and20high20frequency20trading20w_20Rishi20Narang.mp3
Category:trading -- posted at: 6:36pm EST