Wed, 8 June 2016
Our featured guest for this weeks interview is, Saul Knapp.
Saul originally started out as a runner on the floor of the LIFFE exchange (in London), when he was just 16 years old. Later moving on from there, he’s had various roles as a risk manager for proprietary trading firms, at times, monitoring positions for as many as 120+ traders. Today, Saul lives in Spain where he runs a small prop firm of his own.
In regard to how he trades, Saul is a spread trader who’s most active in the energy markets. So, spread trading is something we cover during our conversation, as well as his observations from being a risk manager and helping other traders improve.
If you have any questions, or if there’s anything which you’d like further explanation on, just write in the comments below to get a response from Saul.
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Direct download: 07620Insight20from20a20former-risk20manager20of201202B20prop20traders2C20and20spread20trading20w20Saul20Knapp.mp3
Category:trading -- posted at: 7:35pm EDT
Wed, 1 June 2016
075: Dan Aisen – The mechanics of a dark pool, and a quest to make markets “fair” (with the co-founder of IEX)
For this episode, I had the great pleasure of speaking with Dan Aisen—one of the co-founders of IEX, and one of Forbes’ 30 Under 30 in Finance (2015).
Dan got his start at RBC where he developed their flagship execution algorithm, THOR. This was also where he met and worked under Brad Katsuyama—one of the other co-founders and CEO of IEX, who was heavily profiled in Flash Boys.
As many of you may already know, IEX is an Alternative Trading System (ATS), or more commonly referred to as a dark pool. However, they’re currently in the midst of filing for exchange status.
During our talk, I asked Dan more about the projects he worked on at RBC, how IEX went from nothing more than an idea to an operating trading venue, and why they’re on a quest to make markets “fair”.
We also discuss the “speed bumps” which have been implemented at IEX, the mechanics of dark pools, and general chat about the broader market structure.
[FREE: An unreleased interview with trader, Peter Brandt]
Peter’s been a market speculator for 45+ years, and is undeniably one of the greats. Listen to his wisdom in our second interview—available here only.
Direct download: EP20075_20The20mechanics20of20a20dark20pool2C20and20a20quest20to20make20markets20_fair_20w_20Dan20Aisen20from20IEX.mp3
Category:trading -- posted at: 5:02pm EDT
Wed, 25 May 2016
074: John Walsh – Pocketing $100k from a trading comp, and making simplicity a priority w/ the Black Cabbie Trader
My guest this week is John Walsh, aka The Black Cabbie Trader.
The backstory of John; in 2012 he entered a competition—the City Index Trading Academy. The idea was to take a group of people with very little market experience to see how well they would perform as active traders, over the span of 5 weeks. John came out on top and won the £100,000 prize money which was up for grabs.
He’s of course continued trading ever since, and has developed into quite the trend/position trader—focused on US equities, making simplicity an absolute top priority. He’s also a black cab driver in London, which you’ll hear more about shortly.
In this episode we chat about; the competition, John’s trading methodology, why you must ‘stay out of your own way’ (as John puts it), and plenty more.
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Direct download: 7420EP20074_20Pocketing2024100k20from20a20trading20comp2C20and20making20simplicity20a20priority20w_20John20Walsh20aka20Black20Cabbie20Trader.mp3
Category:trading -- posted at: 6:43pm EDT
Wed, 18 May 2016
For Charlie Bathgate, trading has been a part of his life since as far back as he can remember—his father was an options market maker, and not to mention his brothers and sister work major-roles in the industry too.
Today, Charlie is a partner and the CEO of two operations; Sang Lucci and Flammarion. Sang Lucci being a provider of trader education, and Flammarion being a hedge fund (which mostly consists of automated traders).
We had an awesome chat, speaking about; his observations from working with and evaluating traders, why humility is key, and what it means to “own your strategy”. Also Charlie shares big insight from his obsession with psychology and biohacking, and how innovative technology being used by the NBA can benefit traders.
Join the free Facebook group for Chat With Traders listeners and traders.
Direct download: 7320EP20073_20Observations20from20pro20traders2C20humility2C20psychology20and20bio-hacking20w_20Charlie20Bathgate.mp3
Category:trading -- posted at: 6:25pm EDT
Wed, 11 May 2016
This weeks guest preferred to remain somewhat anonymous, although his name is Rob – others know him as RG, and he’s a part of Discovery Trading Group.
Rob is an active futures traders and is what most people would call a pure scalper, but he refers to himself as a “street level gambler with an appetite for risk”. Either way, he is very short-term and often just trading for a couple ticks at a time. So that’s one side of what he does, the other side, Rob is also involved in a quantitative research firm which trades a whole range of strategies, over various timeframes, in many different markets.
Over the next 60 minutes; you’ll hear about Rob’s early years of trading during the 80’s, and how he’s developed into the trader he is today. Rob also drives home the importance of risk management, shares a few gambling analogies, and talks about the benefit of interacting with other traders on a regular basis.
Join the free Facebook group for Chat With Traders listeners and traders.
Direct download: EP20072_20Why20risk20management20is20king2C20and20why20gambling20isn27t20such20a20dirty20word20w_20Rob20from20Discovery20Trading20Group.mp3
Category:trading -- posted at: 7:36pm EDT
Wed, 4 May 2016
A big guest on the podcast this week—a man who for many won’t need any introduction, he is; Eric Scott Hunsader.
Eric started out as an algorithmic trader in the early 80’s, soon after became a self-taught programmer, and since then he’s written many software applications for financial data. But today, Eric is the founder of Nanex, a whole market streaming data feed, which transmits 20 billion data points every day.
Well-known for speaking out against the many issues that surround high frequency trading, Eric will tell you straight; HFT firms are stealing money, exchanges have rigged the market, and the regulators that allow this type of activity to continue are corrupt individuals.
Additionally we talk about quote stuffing, mini-flash crashes that occur on a daily basis, and why Eric recently received a $750,000 whistle-blower award from the SEC.
Direct download: EP20071_20Rigged20markets2C20stealing2C20and20corrupt20regulators20w_20Eric20Hunsader20of20Nanex.mp3
Category:trading -- posted at: 7:20pm EDT
Wed, 27 April 2016
Jeff is a day trader who specializes in the S&P futures, and predominately trades a mean-reversion strategy which is built upon data and statistical probabilities.
Across his 20+ year trading career, Jeff has also been heavily involved in the process of developing and deploying algorithmic strategies—but slightly less these days.
In this interview we talk about Jeff’s prop days, risks of being a one-man-business, automated trading, specializing, statistics, and more.
From this conversation, I think you’ll pick up on the underlying theme, which is all about building confidence in your strategy and then being able to size up when you have an edge.
Also, Jeff is answering your questions…
So if you have a trading question or would like more depth on any topic discussed, leave your question in the comments area at chatwithtraders.com/70 and Jeff will respond to you.
Direct download: 7020EP20070_20Specializing2C20automating2C20and20using20stats20for20high20probability20setups20w_20Jeff20Davis.mp3
Category:trading -- posted at: 6:46pm EDT
Wed, 20 April 2016
069: John Carter – How an aggressive trader thinks, uses options, and made $1.4M on a single Tesla trade
Welcome back for another installment of the Chat With Traders podcast. I’ve got an awesome guest lined up for you, John Carter, from Austin Texas.
In short; John is an options trader (and also futures, to a slightly lesser extent), he’s been trading for around about 25 years now. His typical holding time for any given trade is just a couple days, and he classifies himself as an aggressive trader – which I think you’ll pick up on pretty quickly.
In this interview, you’ll hear I ask John about the multiple boom ‘n bust cycles he endured over the space of about 8 years before gaining real consistency. I also ask, is a high risk tolerance essential for becoming a successful trader?
Then we get into some talk about options, and John has some really great advice for those who are still trying to find their feet. Additionally, we talk about indicators and technical analysis, and we go step-by-step through John’s million dollar TSLA trade.
So there’s a lot packed into this episode, I hope you enjoy it, but more than that, I hope you can take at least just one thing away from this and apply it to your own trading.
Direct download: EP20069_20How20an20aggressive20trader20thinks2C20uses20options2C20and20made20241.4M20on20a20single20TSLA20trade20E2809320John20Carter.mp3
Category:trading -- posted at: 6:39pm EDT
Wed, 13 April 2016
068: Mikael Syding – From “schoolyard hippie” to European Hedge Fund Manager of the Decade (to AI enthusiast)
For this episode, we have our very first guest from Sweden—big shout out to Sweden!
I spoke with Mikael Syding; a value investor who spent 15 years in the hedge fund business, and in 2009, he was awarded European Hedge Fund Manger of the Decade before retiring shortly after.
During the interview, I ask Mikael to share his three greatest lessons for traders and investors, how he spotted growth opportunities, and I also ask him how his views on money have changed over the span of his career, plus a whole lot more…
All of this was great, but I have to say, my favorite part of this conversation was the last 10-15 minutes, where Mikael talks about artificial intelligence and technology becoming one with humans. It’s full on—prepare to have your mind blown!
Direct download: EP2006820From20schoolyard20hippie20to20European20Hedge20Fund20Manager20of20the20Decade2028to20AI20enthusiast2920E2809320Mikael20Syding.mp3
Category:trading -- posted at: 7:20pm EDT
Wed, 6 April 2016
We have a very special guest on the podcast right now; Jerry Parker.
For those who don’t know, Jerry is one of the original widely-recognized, Turtle Traders. The Turtles were a small (somewhat secretive) group of traders who were mentored and trained by Richard Dennis, a big time commodities trader, in the 80’s.
It’s an interesting story and you’ll hear more about this in just a moment.
Today, Jerry remains the founder of Chesapeake Capital, which is a commodity trading advisor, and he has well ‘n truly stuck to his roots as a die-hard trend follower.
We discuss all the above at length, plus I also had a few questions for Jerry around the subject of trading other people’s money–which is something you may not have considered before. And on the other side, some of the questions you should ask a CTA (or money manager) before investing.
It was a huge honor to speak with Jerry Parker, and I hope you enjoy the interview.
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Direct download: 6720EP20067_20The20Turtle20Traders20story2C20following20major20trends2C20and20managing20investors20money20w_20Jerry20Parker.mp3
Category:trading -- posted at: 6:15pm EDT