Wed, 28 June 2017
Morgan’s career as a trader and portfolio manager began 20-years back, and since then he’s worked at many prominent firms and funds—to name just a few; Millburn Ridgefield, Merrill Lynch, Citadel and Allston Trading.
He’s currently the CEO of CloudQuant, a cloud-based algo development platform and fund.
During our conversation, Morgan explains why he feels as though the ‘common’ approach to strategy development can be counter intuitive, and he gives an alternative 3-step formula. We also spend time discussing how machine learning fits into a traders toolbox
Direct download: 131__Morgan_Slade__Strategy_development_powered_by_machine_learning.mp3
Category:trading -- posted at: 7:53pm EDT
Wed, 21 June 2017
Ben Mallah is a trader of a different kind—he doesn’t trade stocks and bonds, he trades in real estate. You could probably call him a property developer, although he doesn’t build from scratch; he buys distressed apartment buildings, hotels and shopping centers, fixes them up, and then sells to make a profit.
He grew up in one of the roughest areas of New York and had a very tough upbringing, but Ben is the true definition of a ‘rags to riches’ story…
During his early 20’s, as a side hustle while working in the military, Ben began getting into real estate. Thirty years have since passed, and in that time, he’s built up a real estate empire worth (approximately) $200,000,000.
Direct download: 130__Ben_Mallah__How_to_own_100_s_of_millions_of_dollars_of_real_estate.mp3
Category:trading -- posted at: 6:58pm EDT
Wed, 14 June 2017
Victor Haghani began his career at Salomon Brothers in 1984, starting out in a research role before joining their prop trading desk. In 1992, Victor left Salomon to become one of the founding partners of Long Term Capital Management…
LTCM was an incredibly successful hedge fund, up until 1998, when it failed in a spectacular fashion. Causing the Federal Reserve to step in and organize a bailout, in order to prevent the possibility of a collapse in the global financial system.
Victor took a ten year sabbatical after the dust settled, and in 2010 he founded an active index investing fund, Elm Partners.
For this episode, much of our discussion is in reference to an experiment Victor carried out (with some involvement from Edward Thorp), on the patterns of how 61 participants would bet on a biased coin.
Sponsored by TradeStation: Very few online brokers offer the services, the tools and the technology (all-in-one!) – for active traders – like TradeStation do. Learn more and get started here.
Direct download: 129__Victor_Haghani__Optimal_bet_sizinglessons_from_a_biased_coin_flip_experiment.mp3
Category:trading -- posted at: 7:10pm EDT
Wed, 7 June 2017
Andy has been an active stock trader since the early 90’s, and in 2001 he founded Kershner Trading Group—a proprietary trading and technology firm in Austin (Texas) and, through a partnership with SMB Capital, Kershner Trading have a second office in Midtown (Manhattan) too.
So, what did we talk about? Andy's ability to take pain on adverse positions, whether or not this has been a key ingredient to his trading success, and do traders with higher risk tolerances make more money. Andy also shares his daily habits and critiques a trade which didn't go so well from the session prior to recording this episode. And naturally, we cover a few other things too...
Sponsored by TradeStation.com: Very few online brokers offer the services, tools and technology (all-in-one!) – for active traders – like TradeStation do.
Direct download: 128__Andy_Kershner__Risk_tolerance_daily_habits_and_trade_critiques.mp3
Category:trading -- posted at: 6:35pm EDT
Thu, 1 June 2017
Though not a trader herself, Nell Sloane has been in and around markets and exchanges for roughly 30-years, mostly working in roles that assisted commodity traders and brokers in one way or another.
Then since 2006, Nell has been the Principal of Capital Trading Group—a Chicago investment firm, which she co-founded with Patrick Lafferty. And this is the reason why I asked Nell to come on the podcast; because the role of CTG is to support traders who wish to expand their operation by managing money for others as a CTA.
CTG do also offer services to professional and individual investors to help them navigate managed futures. But for this episode, we focus on…
What does it mean to be a CTA, the incentives to become a CTA and where to begin, fee structures, the requirements and regulations, how to attract capital from investors, and other related subjects.
Direct download: 127__Nell_Sloane__Becoming_a_CTAhow_to_begin_managing_money.mp3
Category:trading -- posted at: 7:15pm EDT