Mon, 28 November 2016
Factors are at the core of a modern quant equity workflow. This episode introduces the notion of alpha and risk factors at a high level, and delves into some of the use cases which include: understanding how the market is moving, understanding how a portfolio is exposed to sources of risk, and turning ideas for price forecasting into encapsulated alpha factors.
Sponsored by DataCamp.com – DataCamp is the ultimate go-to for learning data science and stats, using programming languages Python and R. Start any online course today—for FREE!
Direct download: 0220Q2_20Seeking20Alpha_20Try20Alpha20Factors20w_20Jessica20Stauth202620Delaney20Mackenzie.mp3
Category:trading -- posted at: 5:27pm EDT
Wed, 23 November 2016
My guest for this special milestone (being episode 100!) is someone who I’ve been attempting to bring on since before episode one was even released…
Folks, I’d like to introduce you to Bao—or better known as @Modern_Rock on Twitter.
Bao is an independent day trader, and a former-Silicon Valley software engineer, who made the large majority of his fortune trading stocks on the OTC bulletin board market. His story emphasizes; anyone with the will to succeed, even amongst adversity, can become unstoppable.
During the interview we speak about avoiding complacency, the greatest trade of Bao’s career, discovering a niche, managing confidence, consistency tips, how to progress as a developing trader, and much more.
Sponsored by TradeStation.com – Trade with TradeStation. Enjoy access to many markets and products, cost-saving commission rates, and more.
Direct download: 100_20Overcome20adversity2C20dominate20a20niche2C20become20the20house20E2809320Bao2C2040Modern_Rock.mp3
Category:trading -- posted at: 6:55pm EDT
Mon, 21 November 2016
The worst case in finance is when you think you’re right, but you’re actually wrong. This can be especially dangerous when you’ve used some methodology or statistics to justify a decision, but are unaware of all the subtle biases that can cause false results. In this episode we’ll cover many of the ways that you can be wrong without knowing it in trading and finance.
Sponsored by DataCamp.com – For learning how to program, DataCamp is easily one of the top resources available—their online courses focus specifically on data science, stats & finance.
Direct download: 0120Q1_20You20Don27t20Know20How20Wrong20You20Are20w_20Delaney20Mackenzie.mp3
Category:trading -- posted at: 3:40pm EDT
Wed, 16 November 2016
My guest for this episode is Brynne Kelly; an electricity, natural gas, and crude oil trader who’s spent the majority of her career on merchant trading desks, for the likes of BP amongst others. She has also been a prop trader and has experience as a hedge fund portfolio manager.
A few of the key topics we hit on include: Brynne’s responsibilities as head of trading desks, how she taught, trained and managed newer traders, and an overview for how Brynne trades relationships using fundamentals and macro trends. And plenty more.
For many listening, much of this may not necessarily be directly applicable to your own trading, but you’ll get great insight to how things work from the merchant side.
Sponsored by TradeStation.com – A well-established online broker, who’ve been serving retail and professional traders since 1982.
Direct download: 099_20What20happens20on20a20merchant20trading20deskE28094with20energy20veteran2C20Brynne20Kelly.mp3
Category:trading -- posted at: 4:44pm EDT
Wed, 9 November 2016
098: Peter To – How successful day trading can fly in the face of conventional wisdom—with a former poker player and ex-prop trader
Before day trading equities, Peter To played a lot of online poker and did fairly well for himself. He then dabbled in markets as an investor, but was soon attracted to OTC stocks after discovering a strange inefficiency…
In this episode we spend quite a bit of time talking about Peter’s prop trading experience, both the good and the bad. Trading nihilism and doing everything you supposedly shouldn’t do, why Peter accepts he’s not a “cold blooded assassin” and does trade with the influence of emotion. Plus, we briefly touch on Bitcoin and exchange hacks towards the end too.
Peter also writes about many of these subjects on his blog, which you can read here.
Sponsored by TradeStation.com – A fully-licensed online broker and trading technology provider (who have won a ridiculous amount of awards!)
Direct download: 098_20How20successful20day20trading20can20fly20in20the20face20of20conventional20wisdomE28094ex-prop20trader2C20Peter20To.mp3
Category:trading -- posted at: 4:21pm EDT
Wed, 2 November 2016
On this episode, I have our very first guest from China; Derek Wong—he is the Director of Systematic Trading and Options at a private fund in Shanghai.
Initially though, Derek got his start in the agricultural pits at the CBOT, then following on from this, he’s worked at various quant shops in Chicago, South Korea, and now days, mainland China.
After discussing Derek’s backstory, we talk; emerging markets, cultural differences of Chinese investors, convergent and divergent strategies, diversification, and some slightly unconventional ways of thinking about how you trade.
Additionally, Derek also has some awesome insight for traders who are discretionary and what traders should focus once reaching profitability.
Derek has agreed to answer any trading questions you may have. So if you’ve got a question go to chatwithtraders.com/97, scroll to the bottom of the page and write in the comments area…
Sponsored by TradeStation.com: TradeStation clients have it pretty good; an amazing platform, great commissions and all the rest!
Direct download: 097_20How20to20think20about20strategies20like20a20quant2C20then20mix2027em20together20w_20Derek20Wong.mp3
Category:trading -- posted at: 4:09pm EDT
Wed, 26 October 2016
Nico (@InefficientMrkt on Twitter) is a day trader with a thirst for momentum. He predominately trades low-priced stocks that have a tendency to move fast and far—and roughly 90% of his positions are on the short side.
But the main reason why I brought Nico onto the podcast, is I feel as though he has a story which many traders will be able to relate to, on one level or another…
The short of it is; Nico placed his first trade in 2007, made 4x on his starting capital year one, and then slowly bleed his trading account for the next seven years. He’s now found his groove, but his overnight success was eight years in the making.
This episode is very much centered around Nico’s journey and development as a trader, and how full-time trading became more than a pipe dream.
Direct download: 096_20An20eight20year20overnight20success20story2C20and20a20thirst20for20momentum20w_20Nico2C2040InefficientMrkt.mp3
Category:trading -- posted at: 5:23pm EDT
Wed, 19 October 2016
For this episode, the trader who I had the opportunity to speak with, and who you’re about to hear from, is Adrian—or @AdeyF69 on Twitter.
Adrian was a pro sailor for almost two decades, but for the past six years, he’s been on dry land, taking an income from financial markets as an independent day trader.
Adrian primarily trades the Bund and the DAX, though he initially started out in foreign exchange. His trading strategy is influenced by support and resistance areas, volume profiling, order flow, and stats.
After talking about how Adrian’s survived storms at sea, torturous sleeping patterns, and run-ins with pirates, we spend a fair amount of time discussing; how Adrian uses stats and some things to watch out for, and why it pays to be process driven.
Direct download: 095_20Why20it20pays20to20be20relentlessly20process20driven2C20and20when20stats20count20w_20Adrian2C2040AdeyF69.mp3
Category:trading -- posted at: 7:06pm EDT
Wed, 12 October 2016
My guest on this episode is a former-stand up comedian, turned questionable stockbroker, turned day trader—folks, I’d like you to meet, Kenny Glick.
During the 90’s, Kenny went from the stages of comedy clubs into a hyper-aggressive brokerage firm, which he describes as being identical to scenes from the movie, Boiler Room—and he has some wild stories to share, which you’ll hear very soon.
Once Kenny realized his morals were getting in the way of his ability peddle junk stocks, he went on to pursue a career in trading stocks and options. And that’s, also, what we go into detail about during this episode.
Additionally, you’ll pick up some simple chunks of wisdom which you can apply to your own way of trading—if you choose to.
Direct download: 094_20Shady20tales20from20a20real-life20Boiler20Room2C20and20things20profitable20traders20do20w_20Kenny20Glick.mp3
Category:trading -- posted at: 6:37pm EDT
Wed, 5 October 2016
What you’re about to hear is a conversation I had with a short-term futures trader, Ben—whose last name we won’t mention only for privacy reasons, but he goes by @BLB_Capital on Twitter.
Before entering the market, Ben previously ran a construction company until an injury put him out of action for a period of time, which is when a friend got him interested in trading. Developing his craft over recent years, the bulk of Ben’s trading now revolves around order flow and he’s most active in Oil, Gold and ES.
Over the next 50-mins or so we discuss; what Ben learned and emulated from a large bond trader he was trained by, insight to his core trading strategies, how he utilizes automation, why traders should be aware of “right-to-left syndrome” and more.
Sponsored by Darwinex.com: Darwinex back independent traders with talent who lack sufficient capital—scale your trading career from a side-hustle to a professional business.
Direct download: 093_20What20an20order20flow20fanatic20adapted20from20one20of20the20_big20boys_20E2809420Ben2C2040BLB_Capital.mp3
Category:trading -- posted at: 7:07pm EDT