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: EP20061_20Trading20from20a20scientific20perspective2C20process20over20outcome2C20and20the20law20of20large20numbers20w_20Ari20Pine.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: EP20060_203020years20on20the20NYSE3B20a20lesson20in20history20with20Wall20St_s20Most20Photographed20Man2C20Peter20Tuchman.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: EP20059_20Being20alert20to20market20conditions2C20and20trading20within20a20prop20firm20w_20Dan20Goldberg20of20Futex.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: EP20058_20Planning20and20preparation3B20failing20to20plan20is20planning20to20fail20w_20Paul20Singh.mp3
Category:trading -- posted at: 6:15pm EST