Wed, 22 July 2015
This week we’re taking it up a level…
I had the honor of interviewing the legendary Market Wizard, Tom Basso, president of former money management firm, TrendStat.
Tom started his working life as a chemical engineer, often discussing stocks and investing with colleagues. As he started to experiment with trading from a $2000 account, there was no beginners luck in sight. Tom consecutively lost money for the first few years before things started to turnaround.
With a series of events that followed, Tom went from trading his own money, to forming TrendStat and managing other peoples money. At the peak of his career, TrendStat managed $600million dollars of capital.
And while Tom’s now retired, he still actively studies the market and continues to trade.
This interview covers many topics that range from trend following and systematic trading, to psychology and why you must never forget to ‘enjoy the ride’.
Direct download: ep2003020-20tom20basso.mp3
-- posted at: 5:59pm EST
Wed, 15 July 2015
This weeks guest is Brian Shannon, who first and foremost is a professional trader, whose involvement with the market dates back well over 20 years.
He’s also the author of the highly regarded book, Technical Analysis Using Multiple Timeframes. And thirdly, Brian is the founder of AlphaTrends, an educational company focused on teaching traders how to navigate the market successfully.
For the most part Brian is a swing trader, with the occasional day trade in the mix. During the interview Brian discusses both approaches, and gives a few pointers that may help you to discover the right timeframe for your own trading.
We also talk about understanding the psychology of market participants within well-known patterns, the two indicators that Brian uses most often (one of them being VWAP – Volume Weighted Average Price), and Brian also walks us through the 4 stages of a market cycle: accumulation, markup, distribution & decline.
So all in all, Brian hit on plenty of great topics, and I feel like you’re really going to enjoy the insight he shares with us
Direct download: ep2002920-20brain20shannon.mp3
-- posted at: 7:09pm EST
Wed, 8 July 2015
Attracted by the fact that traders can make money in both rising and falling markets, this weeks guest Andrew Falde, left a career in commercial real estate when the GFC hit in ’08 to focus his attention on becoming a trader.
A few years on, Andrew has carved a profitable niche for himself; trading options and designing systems. Both topics which are covered in depth during this interview.
Some of the highlights from this discussion, would be; the way in which Andrew avoids trying to predict the market, and instead thinks of trades as a series of ‘if – then scenarios’. Also, the purpose of why options markets exist is really interesting, as well as the important factors one should consider when designing a system, and how Andrew applies a blend of systematic and discretionary aspects to his own trading.
GOT QUESTIONS? If there’s something you’re challenged with, or something you want to know more about, then take this opportunity to ask Andrew a question. Whether it’s in regards to trading options, designing systems, or just trading in general – Andrew’s your man, leave a question for him in the comments at the bottom of this page.
Direct download: ep2002820-20andrew20falde.mp3
-- posted at: 5:59pm EST
Wed, 1 July 2015
The chances are you're already very familiar with this weeks guest, and if you're not - then I'll have to presume you're new to the realm of trading.
Jack Schwager is the author of a number of widely acclaimed financial books, including the timeless Market Wizards series - commonly referred to as all time favourites by many of our past guests.
As well as a bestselling author, Jack is widely recognised as an industry expert on markets, hedge funds and trading advice. He's also the co-founder of FundSeeder; a platform designed to find undiscovered trading talent, and connect successful traders with capital from investors.
During our interview we discuss Jack's lifetime involvement with markets, some of the key lessons he learnt firsthand from interviewing many of the worlds greatest traders, and so much more...
I hope you enjoy this interview, as much as I enjoyed hosting it. It was an absolute honour to speak with Jack for almost 90 minutes.
Direct download: ep2002720-20jack20schwager.mp3
-- posted at: 6:58pm EST
Wed, 24 June 2015
At a young age some people want nothing more than to be a trader, well this weeks guest is one of those people…
Brad Jelinek first started dabbling in stocks during his days in junior high, then from college he went straight into a Chicago prop firm. Thirteen years later, Brad is with the same firm and predominately trades futures.
So during our conversation, I of course asked Brad a bunch of questions around prop trading, and futures related topics, which he responded with many outstanding answers.
But the part I found to be really interesting, was listening to Brad talk about health ‘n wellbeing, and the emphasis he has on longevity in this business. So if you plan on sticking around, and really want to make something of your trading career, I suggest you pay extra close attention to this segment.
Q + A: Brad is on standby and keen to answer any questions you may have about trading. To ask him something, just scroll to the bottom of this page and leave a comment!
Direct download: ep2002620-20brad20jelinek.mp3
-- posted at: 8:08pm EST
Wed, 17 June 2015
This week I thought I’d change things up a little bit, and reverse the interview. So instead of firing questions at the guests like I normally do, I’m on the receiving end and giving the answers.
If you’ve had the chance to listen to EP 001, then you may recall I gave a brief overview right at the beginning, explaining where I was at with my trading. Well things have gradually progressed since then, so I thought this would be a good milestone to update anyone who is curious to know.
So to keep things interesting I brought on Zach Hurwtiz, who I’m sure you’ll remember from EP 011 of the podcast, and he’ll be the one asking questions. Zach’s a great friend of mine, and is continually guiding me along to becoming a better trader through regular coaching and mentoring, so I couldn’t think of anyone better for the job.
Plus, Zach also expands on many of my responses with additional insight, so all in all I hope you find this episode to be valuable in its own unique way.
And just before we get into it, if you have any questions or comments for either Zach or myself, just go to chatwithtraders.com/25, scroll to the bottom of the page and leave a comment. Both Zach and I will be monitoring this closely to respond and answer.
Alright team, enjoy and lets talk soon.
Direct download: ep2002520-20aaron20fifield.mp3
-- posted at: 8:50pm EST
Wed, 10 June 2015
On the show this week, my guest is Ivan Hoff!
An equities trader of 10 years, who tackles the market with a swing trading approach to capture powerful, short-term gainers that may run anywhere between 3 - 10 days.
While swing trading is his bread and butter, Ivan also allocates a portion of his capital to position trading, when he has reason to believe a trend will continue for the longer term.
He's written several books including 'The 5 Secrets to Highly Profitable Swing Trading' and 'The Next Apple' which was a collaboration with Howard Lindzon (the co-founder and CEO of Stocktwits).
Plus, Ivan is regularly featured in the Wall Street Journal, Bloomberg, Yahoo Finance, Traders Magazine and he's a familiar face amongst the Stocktwits community.
Now, continue listening to learn about Ivan's trading methodology, one of his high probability swing setups, the importance of following industry momentum, and a whole lot more...
Direct download: ep_024_-_ivan_hoff.mp3
-- posted at: 6:04pm EST
Wed, 3 June 2015
I was fortunate enough to speak with David Bush, an extraordinary, seasoned trader with 20 years experience in financial markets.
David comes from a non-traditional background, and what I mean by this; he has no formal education in the field of finance. In fact, he is a music graduate and performed as a professional musician for many years.
But as you’re about to hear, David changed paths during his twenties to become a trader. After overcoming the initial challenges that all new market participants endure, David did well for himself as a discretionary trader for many years.
But with an urge to optimize his trading approach he gradually transitioned into a quantitative trader and went searching for new ways to exploit opportunities within the market. From there David has gone on to take out the number one spot of BattleFin’s ‘Sharpe Ratio Shootout’ (an international quantitative finance tournament), with over 3000 competitors.
During our interview David brings a really insightful take to topics such as the transition from discretionary to quantitative trading, how to eliminate a single point of failure by trading multiple systems, and how the Monte Carlo tool can teach you a lot about how robust your strategy really is.
Direct download: ep2002320-20david20bush.mp3
-- posted at: 7:00pm EST
Wed, 27 May 2015
This week I have great pleasure in saying, my guest on the show is Mike Bellafiore.
Mike is the co-founder of SMB Capital, a proprietary trading firm in New York City, as well as SMB University which is the arm for trader education. He’s also the author of two very popular trading books ‘One Good Trade’ and ‘The Playbook’.
Additionally, Mike is a regular contributor to Yahoo Finance, and often appears on CNBC’s Fast Money, CNN Money, Bloomberg, and Fox Business. But even with all of this going on Mike is still a very active, very successful trader.
During our interview, Mike delivers some great insight about traders often confusing psychology for a lack of edge, and an overview for one of his favorite setups which has been labeled ‘The Money Trade’. Plus, he shares the development program new traders go through when joining SMB Capital, and a few top-level pointers on how to achieve a sustainable trading style.
And I just want to point out this interview was recorded on the 20th of May, only reason I say this is because Mike mentions a few market events during this interview.
Direct download: ep2002220-20mike20bellafiore.mp3
-- posted at: 6:16pm EST
Wed, 20 May 2015
Welcome to episode 21, with a very special guest; Adam Grimes.
Adam is author of the very popular book titled, The Art and Science of Technical Analysis, which covers market structure, price action and trading strategies. He is also the Chief Investment Officer of Waverly Advisors, and host of the Market Life podcast.
Adam’s career dates back almost 20 years, during that time he has traded a wide range of asset classes, both independently and along side a well-respected prop firm. Plus, he also did a stint on the New York Mercantile Exchange (NYMEX).
Over the next hour or so Adam shares his interesting outlook on the market, and many aspects of trading. So as you could imagine this include plenty of discussion around technical analysis, but you’ll also pick up a number of great psychology tips to help you with the mental aspect.
Direct download: ep2002120-20adam20grimes.mp3
-- posted at: 6:58pm EST