Wed, 19 December 2018
Jack Ma is a proprietary futures trader from Sydney and the head trader of Minter Capital—a firm he established this year, in which he currently mentors and backs a group of developing traders.
Jack trades an “inventory style” in the market of Australian 90-Day Bank Bills—continually working structures around his expectations of yield strip movements, with minimal exposure to outright risk. He also trades Australian 3-year and 10-year Government Bonds, but predominantly during rolls (contract expiry).
During this conversation, you’ll hear about Jack’s progression over the past 5-years—breakthroughs and lessons learned, plus his thoughts on trading as a skill (not a strategy), gaining an edge, mindset and competitiveness.
Direct download: 169_20Strategies20die2C20skills20survive20w_20Jack20Ma.mp3
Category:trading -- posted at: 3:31pm EST
Tue, 27 November 2018
If you’ve been through the archives, then this weeks guest will be no stranger; it’s the options madman and trader of 10+ years, Anand “Lucci” Sanghvi.
Lucci was one of the first guests to appear on Chat With Traders—back in 2015. As you can imagine, there’s been plenty happening since then, so we took this opportunity to catch up…
Topics of discussion range from life in Puerto Rico, dealing with taxes as a trader, a failed hedge fund, what’s been working for Lucci in equity options—and how he’s continued to evolve in recent years, plus many thoughts on trader psychology.
Direct download: 168__Anand__Lucci__Sanghvi__Stay_alive_wait_for_your_market_then_all_guns_blazing.mp3
Category:trading -- posted at: 5:26pm EST
Wed, 31 October 2018
Bobby Cho is the global head of trading at Cumberland—which is the crypto arm of Chicago trading firm, DRW and it’s one of the largest liquidity providers in the space. Prior to this, Bobby was director of trading at itBit and vice president of trading at Digital Currency Group (formerly known as SecondMarket).
After featuring on the podcast in August last year, I thought it would be fitting to check in with Bobby again, because of the events which have unfolded in cryptocurrency markets over the past 12 months…
Our conversation begins with some of the highlights from the recent Cumberland Summit—which was an industry event for insiders, and Cumberland’s international expansion. Then we get into Bitcoin’s sudden rise and decline from $20k, whether or not crypto markets have matured, decentralised exchanges, crypto’s value and use cases, institutional involvement and the bigger picture moving forward.
Direct download: 167__Bobby_Cho__Crypto_s_not_dead_it_just_went_pop.mp3
Category:trading -- posted at: 8:04am EST
Wed, 26 September 2018
The idea for asking Hugo to appear on this episode, was to chat about learning a programming language. Because for some traders, having the ability to write code can have great advantages—such as having the ability to collect stats on market behavior, perform research in a robust data-driven way, visualize large amounts of data, backtest and analyse trading ideas, implement algorithmic strategies, etc.
Plus more professional trading firms and finance related positions now require applicants to have some programming skills. And the same goes for many industries, which should be no surprise, considering a recent IBM study revealed that ‘90% of the world’s data has been created in the last two years alone.’
Hugo and I discuss when someone should consider learning to code, determining what’s relevant, the time it takes to become fluent in a programming language, working with new datasets, what to be wary of when using predictive models. And for fun, I ask Hugo (as a data scientist) how he’d go about creating a basic strategy…
Direct download: 166__Hugo_Bowne-Anderson__The_trader_s_guide_for_learning_to_code_with_a_data_scientist.mp3
Category:trading -- posted at: 6:42pm EST
Sun, 9 September 2018
I was introduced to this weeks guest by an experienced trader and fund manager, who described him as being "hands down the best trader I know..."
Michael Samuels is an equities trader, who once traded for First New York and Apex Capital, he now trades his own money under the banner of Broome Street Capital.
Michael describes himself as being an 'event driven trader' with a primary focus on news flow surrounding mergers and acquisitions, shareholder activism and fundamentals—to seek out valuation disconnects.
During this episode you'll hear about merger-arb strategies (including examples), what happens during takeovers, a case of "excessive" due diligence, mistakes made and lessons learned during Michael's career, plus plenty more.
You should also note, Michael has recently begun hosting a podcast about M&A activity and the journalists who report on significant company news: According To Sources
Direct download: 165__Michael_Samuels__Speculating_on_mergersand_a_case_of__excessive__due_diligence.mp3
Category:trading -- posted at: 8:19pm EST
Wed, 1 August 2018
Nick Fabrio is an exceptional day trader. With a bias for short selling and playing catalysts on the Australian stock market, Nick had surpassed a million dollars in trading profits within his first three years. And all along, he’s been a self-directed ‘retail’ trader.
Although he currently lives in Texas, Nick and I were able to catch up, sit down and record this podcast while he was back in Sydney last month. We got talking about many things; from dealing chips at The Star casino to receiving threats from a company’s lawyers, analyzing market depth and everything in between.
Direct download: 164__Nick_Fabrio__How_to_scalp_ASX_stocks_and_make_a_pretty_penny.mp3
Category:trading -- posted at: 9:21am EST
Tue, 3 July 2018
This special episode of Chat With Traders was recorded in June 2018, in front of a live audience in Sydney. It’s a conversation I had with John Moulton, though better known as Rambo.
John’s a serious trader, and for good reason, he’s considered to be somewhat of a legend trader in Australia…
In short, John left the Chicago trading pits in the 80’s, bound for the Sydney Futures Exchange. During the years that followed, he became a VERY large spread trader of Government Bonds and Bank Bills—he was responsible for a major share of the trading volume done each day.
Now forty years on, since placing his first trade, John is still an active market participant—trading from a coastal location in Queensland, Australia. So, press play and listen in to our conversation, as John reflects on the things which matter most for achieving success and longevity as a trader.
With great honor, I present to you John Moulton (aka Rambo!)
Direct download: 163__John__Rambo__Moulton__An_evening_with_a_veteran_trader_LIVE.mp3
Category:trading -- posted at: 10:19am EST
Fri, 11 May 2018
Returning for this episode, is Mike Bellafiore—the co-founder of New York City prop trading firm, SMB Capital. Mike is also the author of One Good Trade and The Playbook, and he was the featured guest on episode 022.
As the title suggests, the purpose of our conversation is to breakdown how you can formulate a plan for becoming a 7-figure day trader. Mike is well-qualified to speak on this subject, because he’s mentored and lead traders within his own firm to reach this level of trading success.
There are no quick fixes packed into this episode, but there is real value—if you listen carefully, take notes and intentionally act on some of Mike’s suggestions, I know it will make a difference over time.
Don’t miss the upcoming LIVE podcast event in Sydney, with special guest John “RAMBO” Moulton. And did I mention there’s beers ‘n pizza too?! → Get tickets
Direct download: 162__Mike_Bellafiore__The_formula_for_how_to_become_a_7-figure_day_trader.mp3
Category:trading -- posted at: 5:31pm EST
Fri, 20 April 2018
For this episode, I got to catch up with Mike Agne (@EconEmotions). I know some of you will be well acquainted with Mike; I first interviewed him last year in New York—in person for a live event, and then he was on the podcast in August last year too.
Mike’s trading experience runs deep in bonds/fixed income, also index futures and options. And for a long time he was a prop trader at the renown TransMarket Group. Additionally, Mike writes an excellent weekly newsletter about global markets.
Catching up this time, we talk; relative value trading, the recent pick up in volatility and regime changes, Mike’s economic outlook, risk parameters, technical analysis, making money in bear markets and developments in the world of crypto assets.
Direct download: 161__Mike_Agne__When_there_s_blood_in_the_water_the_sharks_will_come.mp3
Category:trading -- posted at: 5:55pm EST
Sun, 11 March 2018
For this episode of Chat With Traders podcast, ironically, I’m not chatting with a trader. Instead, I’m speaking with Kimberly Trautmann and she’s Head of DRW Venture Capital.
DRW began as a Chicago trading firm, founded by Don Wilson 25 years ago. Since then, it has grown to be one of the world’s largest firms, with offices in six major cities around the globe and over 800 employees.
It has also become much more than solely a trading firm—the firm’s operations have extended to cryptocurrency market making, large scale property development, and of course, venture capital.
Kim and I talk about; why companies seek venture capital, how investment opportunities are assessed and valued, thoughts on risk/reward. Plus, why the firm has a keen interest in companies innovating with blockchain technology (and ICO’s!)
Direct download: 160__Kimberly_Trautmann__Why_trading_powerhouse_DRW_is_directing_profits_into_venture_capital.mp3
Category:trading -- posted at: 9:43am EST
Sun, 25 February 2018
I was recently introduced to Greg Newman by James King [Episode 133]. The two previously worked together at Mandara Capital, a London Trading firm…
There, James was the performance director (with a background in sports science), and Greg was head of a highly successful oil trading desk—which he built from the ground up in three years, with some guidance from James for overcoming obstacles.
Now, Greg remains a serious participant in oil derivatives and has gone on to become a founding partner of Onyx Commodities. Greg and his firm are most active in oil futures (and the energy sector), but also trading in related OTC products, or better known as swaps.
So naturally, you’ll hear Greg speak about futures, swaps, producers and the physical—which is really interesting! He also talks about “trade craft” and how stoic thinking has moulded him into the trader he is today.
Direct download: 159__Greg_Newman__Bringing_stoicism_to_tradingand_market_making_in_oil_derivatives.mp3
Category:trading -- posted at: 8:01am EST
Fri, 9 February 2018
Phil Goedeker has been trading stocks for, roughly, 15 years. He started young, in college, made a truckload of money in a short period of time, which then afforded him the luxury of never having to work a “real job.”
Admittedly, Phil will tell you, luck was a major factor early on. Nonetheless, he’s been abundantly successful since, and has continued trading—now with a strategy, with rules and with an edge. Phil’s way of trading is to short parabolic moves—on low float stocks which have been seriously hyped up, and when he senses golden opportunities, he strikes with real conviction.
You’ll hear Phil speak about; his early days and progression, his obsession with cutting losses quickly and going hard on trades which can make a good year a great year. Plus some talk about strategy, timing, setups and why Phil is set on filtering his trading profits into farmland…
Direct download: 158__Phil_OzarkTrades__Short_hype_stocks_long_farmland.mp3
Category:trading -- posted at: 9:31pm EST
Fri, 26 January 2018
When Alex (@TAGRtrades) was on CWT for the first time—Episode 119, he was beginning to make head way as a full-time day trader, since abandoning a secure job in recent years. But since then, he’s really stepped it up a notch…
Alex started 2017 with an account balance of $32,000 and finished the year with a compounded return of 1,400%. But what makes things more significant, is how he was able to achieve this with minimal drawdown.
Over the course of this episode, you’re going to hear Alex and I reviewing his performance of the past twelve months—what he did well and areas where he would like to further improve. Alex also talks about his strategy; from scanning to entries to managing positions. Plus psychology, self-discipline and more.
Direct download: 157__Alex_TAGRtrades__What_this_day_trader_learned_after_returning_1400_in_one_year.mp3
Category:trading -- posted at: 11:13pm EST
Sat, 13 January 2018
Michael Katz is an active day trader and the managing partner of New York prop trading firm, Seven Points Capital. Mike and his firm, are large volume participants in U.S. equity markets, and to a lesser extent, futures and options too.
In this episode, Mike discusses the things which have attributed most to his consistency over the years, insight to his momentum strategies, and how he’s able to turnover millions of shares each month, and of course, plenty more.
Direct download: 156__Michael_Katz__Day_trader_green_every_month_talks_consistency_strategy_and_doing_size.mp3
Category:trading -- posted at: 1:17am EST