Wed, 25 October 2017
John Grady is an independent futures trader from Florida, who primarily trades Treasury bonds. His trading is purely discretionary, based upon his read of order flow. Essentially, he’s a scalper.
Throughout this episode we talk all things order flow; the basics, the value of an order book, some of John’s trading methods, order types and managing positions, how to build skill at reading order flow, as well as, the impact of HFT and what’s commonly known as spoofing.
Direct download: 148_20The20order20bookE28094what20traders20must20know20about20supply20and20demand20w_20John20Grady.mp3
Category:trading -- posted at: 8:22pm EST
Wed, 18 October 2017
Dr Thomas Starke is a Physics PhD who once designed microchips, worked as an engineer for Rolls Royce and lectured at University of Oxford, before applying his know-how of modelling to financial markets…
As a trader, Thomas has contracted to various funds and up until recently, he was a Quantitative Developer at a well-regarded Sydney prop trading firm.
Thomas was great to chat with—not only did we talk about things related to quant trading, strategy development and robustness, but also his infatuation with disruptive technologies; artificial intelligence and quantum computing.
Direct download: 147_20Detective20work20leading20to20viable20trading20strategies2C20and20the20rise20of20AI20w_20Dr20Thomas20Starke.mp3
Category:trading -- posted at: 9:08pm EST
Wed, 11 October 2017
On this episode, I’m joined by three traders from a data-driven, options trading, performance based fund, Blackpier Capital…
Ryan Moffett, the Lead Investment Manager—and a prior guest on Episode 83. Tyler Michalove, who plays a key role in trade execution. And Wayne Klump, who heads up research and strategy development.
We discuss mentoring, the benefits of working in a team, the upside to trading options, the unique edges which can be gained from the multiple dimensions inherent to options, an example of how options could potentially improve an existing strategy and plenty more.
Episode sponsored by TradeStation – A trusted online broker geared towards active traders. Discover the benefit’s of trading with TradeStation: tradestation.com/traders
Direct download: 146_20When20trading20becomes20a20team20sportE28094with20Ryan20Moffett2C20Tyler20Michalove202620Wayne20Klump.mp3
Category:trading -- posted at: 7:24pm EST
Wed, 4 October 2017
Here’s the first episode in the history of Chat With Traders podcast, where I don’t have a guest with me. That’s because, this episode is the recording of a talk I gave at Noosapalooza 2017—a trading conference hosted by Nick Radge, here in Australia.
Throughout the talk I pull upon many lessons and snippets of wisdom which have been learned through conversations here on this podcast. So, I’ve appropriately titled the talk; Six Ways to Emulate Talented Traders…
Sponsored by Scoop Markets: Use a powerful algo to analyse 1000’s of tweets every second—identifies breaking news, before it breaks → Learn more
Direct download: 145_20Six20ways20to20emulate20talented20traders20w_20Aaron20Fifield.mp3
Category:trading -- posted at: 9:24pm EST
Thu, 28 September 2017
Since 2013, Tim Steenstrup has been a cross-border arbitrage trader at Conventus Capital. Though markets have been a part of his life going back to 1994; Tim’s been part of a brokerage firm in Japan, a hedge fund—which was featured in The Big Short movie, and a prominent New York trading firm.
As you’ll soon hear, we skim through Tim’s backstory and then spend a large part of this episode going into the mechanics of how a cross-border arbitrage strategy works. Tim does highlight, this strategy may be difficult to implement as a retail trader, but regardless, I think it’s valuable for you to hear about the various approaches of how professional traders trade…
Episode sponsored by TradeStation: A trusted online broker geared towards active traders. Discover the benefit’s of trading with TradeStation.
Direct download: 144_20Learn20an20arbitrage20strategy20used20by20professional20stock20traders20w_20Tim20Steenstrup202.mp3
Category:trading -- posted at: 11:05am EST
Wed, 20 September 2017
You’re about to hear a first-hand account from someone who’s been on a wild ride through the U.S. justice system. My guest is Michael Kimelman; a former prop trader and hedge fund manager who was convicted (and served time) for insider trading…
You’ll hear about the series of events leading up to his arrest, details about the trial, revelations of a rogue judge and the dim reality of life while incarcerated.
If you get through this episode and you’re curious to know more, then you might be pleased to know Michael has also written a book—the title: Confessions of a Wall Street Insider: A Cautionary Tale of Rats, Feds and Banksters.
Direct download: 143_20Convicted20of20insider20tradingE28094from20suburban20life20to20prison20life20w_20Michael20Kimelman.mp3
Category:trading -- posted at: 7:43pm EST
Wed, 13 September 2017
It was exactly 100-episodes ago when I first had Bert Mouler on the podcast. This week, I’m joined by him again for a second interview…
Bert is an algorithmic trader with a serious focus on machine learning. His trading decisions are driven purely by data, and he goes to great lengths to remove human bias and flaws through the use of automation.
So, coming up over the next 60-minutes or so, you'll hear about:
While listening, I encourage you to keep an open mind and mull over Bert’s creative thoughts!
Direct download: 142_20Using20creative20thought20and20automation20to20bypass20human20flaws20w_20Bert20Mouler.mp3
Category:trading -- posted at: 7:01pm EST
Wed, 6 September 2017
Featuring on this episode is former software entrepreneur turned hedge fund manager, Erik Townsend. I’m sure some will already be quite familiar with Erik—in particular the macro investing crowd, as Erik also hosts the Macro Voices podcast.
After selling his company in 1998, Erik made a few lifestyle and investing decisions which he soon began to question, but took ownership of his situation and the discovery of global macro set him sailing in a new direction…
Major talking points we cross off, include; how Erik uses the concept of The Fourth Turning and major cycles to guide his macro outlook. And one possible scenario for the future of cryptocurrencies—I'm sure some of you won't like what you hear, but I think it's well worth listening to!
Direct download: 141_20Software20millionaire20fooled20by20_the20dream_20and20saved20by20global20macro20w_20Erik20Townsend.mp3
Category:trading -- posted at: 6:55pm EST
Wed, 30 August 2017
My guest on this episode is Jimmy Soni—who, with his co-author Rob Goodman, recently wrote the biography of Claude Shannon, titled; A Mind at Play.
Shannon was born in 1916 and became one of the foremost intellects of the twentieth century, before passing away in 2001. He was a mathematician, a scientist, an inventor and also, a stock market investor…
Although he’s widely unknown by the general public, Shannon is responsible for Information Theory—a revolutionary method of measuring information which stands behind much of the technology we use all day everyday.
Shannon’s other achievements, discoveries and inventions range from artificial intelligence to cryptography and fire breathing trumpets to chess playing machines and the world’s first wearable computer, and that’s not all!
Direct download: 140_20The20life20and20times20of20genius20problem20solver2C20Claude20Shannon20w_20Jimmy20Soni.mp3
Category:trading -- posted at: 9:15pm EST
Wed, 23 August 2017
Bobby Cho is a cryptocurrency trader at Cumberland Mining—which is a company of DRW Trading. Ever since getting involved in financial markets, during 2008, he has gravitated towards mostly illiquid/difficult-to-trade products…
So, in some ways, it was inevitable that Bobby would begin to explore Bitcoin and other cryptocurrencies. This was around 2013, while Vice President at SecondMarket.
In 2014, Bobby became Director at Bitcoin exchange, itBit, and then in 2016, joined Cumberland Mining—one of the largest institutional liquidity providers in cryptocurrency markets (predominately Bitcoin and Ethereum).
During the episode, Bobby and I got speaking about some pretty interesting topics, which ranged from; the infrastructure of crypto markets to the curiosity and entrepreneurial mindset which powers DRW, and the challenges of exchange arbitrage to the real world value of Blockchain technology.
Direct download: 139_20Making20way20for20the2027whales2720of20cryptocurrency20markets20w_20Bobby20Cho2C20Cumberland20Mining.mp3
Category:trading -- posted at: 8:10pm EST