Chat With Traders · Conversations with talented traders—in stocks, futures, options, forex and crypto markets.

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!)

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.

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__Short_hype_stocks_long_farmland_w__Phil_Goedeker_OzarkTrades.mp3
Category:trading -- posted at: 9:31pm EDT

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.

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.

Anthony Saliba, an original Market Wizard, was first on episode 107. On that episode, we mostly discussed Tony’s life as a trader and related subjects. But one area we didn’t get into too much, was his life as a parallel entrepreneur and an investor.

So, I mentioned to Tony, this time around, it’s something I’m keen to hear a lot more about. Because his success extends far beyond trading alone…

For example; LiquidPoint, an options execution and technology firm which Tony founded, was acquired in 2007 for a sum of mid nine-figures. He’s also invested in upwards of 100 companies—in a whole range of sectors, owns a golf resort, shopping centers and other real estate. And that’s not all.

The underlying theme throughout this episode is not how to become a better trader, but how to build generational wealth!

Andreas Koukorinis lives in London and in 2013 he co-founded Stratagem Technologies—a tech startup using AI and machine learning to trade sports as a financial product. These sports predominately include; football, tennis and basketball.

But for Andreas, his roots are in trading instruments and markets that most of us are more accustomed to. He’s worked for the likes of Morgan Stanley and Deutsche Bank, and before Strategem came to be, he was trading at DeepValue.

From listening to this episode, you’ll soon notice that Andreas is passionate about applying rigorous trading principles to nascent markets, as well as the broader applications of AI as a technology.

Xiao Qiao is a research analyst for a Connecticut-based hedge fund, focused on trading commodity futures. He graduated with a PhD in Finance—and was a teaching assistant to renown economist Eugene Fama.

Notably, Xiao has also worked directly with trading legend Blair Hull on two quantitative research projects, which concern market timing and return predictability.

The main objective of this episode with Xiao, is to learn how a research analyst thinks about things directly related to research, and ways that you can do better market research for yourself.

On top of this, Xiao, based on his experience, shares a few tips for those who have an urge to study something—but are unsure about what to study, and some of the differences he's observed between the world of academia and working as a practitioner.

Kory Hoang is not a veteran trader—he’s not someone who has been doing this 10-20 years. He’s someone who has been doing this for only a few years, yet he’s begun to make decent gains on his trading capital.

Kory is also not a full-time trader …well, at the time of recording this—a few weeks ago—he wasn’t! Kory was a private equity analyst for Pitchbook, who traded on the side. But he’s since informed me that he’s handed in his notice and taken the leap to focus on trading (plus a couple startup projects).

In terms of how he trades; Kory is a retail systematic trader. He’s running numerous algorithmic strategies, which he’s developed (all of which are fairly simple). These run on various ETFs, ETNs and even some cryptocurrencies.

During our chat, we cover quite a bit; but mostly his journey and how he’s progressed to this point!

Rick Lane is the current CEO of Trading Technologies—a software provider that develop high-performance trading platforms which are used by; proprietary traders, hedge funds, CTAs, brokers and banks etc.

The reason why I asked Rick to appear on this episode is because, as we know, not everyone is cut out to be a trader. And that’s fine! I’d like to highlight, there are many other roles in the world of trading where you can have a great impact by leveraging skills which you may have already attained…

Prior to teaming up with his cousin, a large interest rate trader, who anticipated the inflection point of automated trading, Rick was modelling combat scenarios for the military and he also did a short stint at Google as a product manager.