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
Sponsored by TradeStation.com – A fully-licensed online broker, serving traders globally. Get the benefits of an award-winning platform, competitive commissions, awesome support, and more.
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__Saul_Knapp__Insight_from_a_former-risk_manager_of_120_prop_traders_and_spread_trading.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: 075__Dan_Aisen__The_mechanics_of_a_dark_pool_and_a_quest_to_make_markets__fair__with_the_co-founder_of_IEX.mp3
Category:trading -- posted at: 5:02pm EST