Jack Schwager: Secrets of the World's Best Traders

Posted by TopstepTrader on May 24, 2018

No one has studied the world's best traders like Jack Schwager has. That's why it was incredible that he dialed into the Limit Up! studio to share his  insights. 

Among these insights, Jack said that the best piece of advice he received was to “know where you’re gonna get out before you get in.” That advice came from Bruce Kovner, a trader that built a $5.4 billion fortune (here's how).

Check out this interview and be sure to subscribe to Limit Up on iTunesGoogle Play or SoundCloud to get the fresh episodes each week delivered to your inbox.  

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Topics: Trading Basics, Limit Up!, Forex, Futures, Jack Schwager

The Making of a Risk-Minded Trader

Posted by TopstepTrader on May 15, 2018

Being hyper focused on risk is not something that comes easy to a trader — even an experienced one. It's a skill that every trader, if they hope to be successful over the long term, has to develop. That's why this conversation with trader and risk manager Mick Ieronimo is so interesting. 

Mick got his start trading as a clerk in the grains pits on the floor before trading with a proprietary trading group and then handling execution for "Market Wizard" Linda Bradford Raschke's hedge fund.  

In this interview, Mick gives insight into how he first became interested in trading, what it was like working for Raschke and how he developed into a risk-minded trader. 

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Topics: Trading Basics, Limit Up!, Forex, Futures, Mick Ieronimo

These are the Two Things You Should Pay Attention To While Trading: Volume & Price

Posted by TopstepTrader on April 12, 2018

Developing a trading strategy is about finding that right mix of factors. You want to pay attention to the things that might indicate prices are about to change, while ignoring all the noise that comes from having so much information at your fingertips. 

Anna Coulling, a trader that has been trading for more than 20 years, boils down her strategy to two things: volume and price. 

In this interview, Anna gives insight into how she analyzes volume and price and why those are the main factors that she uses to trade forex and futures. 

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Topics: Trading Basics, Limit Up!, Forex, Futures, Anna Coulling

This is Who You are Competing Against Trading

Posted by TopstepTrader on March 22, 2018

From listening to John Bougearel, you quickly discover a couple things. First, he is incredibly in tune with the market and knows his trading style backwards and forwards — and clearly knows his edge.

Second, it's a reminder of the intense competition that is futures trading. In global electronic markets, this is the trader that you are competing against. 

In this interview, John Bougearel talks about his trading style, how he found his passion in technical analysis and his overall approach to the market. Be sure to subscribe to Limit Up on iTunes, Google tPlay or Soundcloud to get the fresh episodes each week delivered to your inbox. 

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Topics: Trading Basics, Limit Up!, Forex, Futures, John Bougearel

Turning $90K in Trading Losses into an Opportunity

Posted by TopstepTrader on March 09, 2018

Michael Patak is the founder and chief visionary officer of TopstepTrader. He started trading and promptly blew up three $30,000 trading accounts (for a total of $90,000). 

Not deterred, Michael realized that he was trying to hit home runs — allowing the promise of trading riches to lure him into huge losses. (Of course, trading with a gambler's mentality never works out.) 

In this episode of Limit Up, Michael talks through those early losses, the challenge from his father that turned his trading around and why the pain of those losses led him to found TopstepTrader. Be sure to subscribe to Limit Up on iTunes, Google tPlay or Soundcloud to get the fresh episodes each week delivered to your inbox. 

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Topics: Trading Basics, Limit Up!, Forex, Futures, Michael Patak

Not Consistently Profitable? This Will Improve Your Trading

Posted by TopstepTrader on March 02, 2018

In trading, sometimes being stubborn pays off. At least that was the case for Anne-Marie Baiynd, a market technician and trader, who struggled early in her trading career. As she says, early missteps caused her to turn a large fortune into a much smaller stake.

But it was a revelation about her inconsistency that finally helped her turn the corner. This week's Limit Up podcast goes through Anne-Marie's journey into trading, her views on the importance of understanding the market's rythm and flow, and how she finally became consistently profitable. You have to listen!

And be sure to subscribe to Limit Up on iTunes, Google Play or Soundcloud to get the fresh episodes each week delivered to your inbox. 

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Topics: Trading Basics, Limit Up!, Forex, Futures, Anne-Marie Baiynd

30-Year Trading Veteran: This is "The Most Important Concept" to Traders

Posted by TopstepTrader on February 23, 2018

 There are a lot of traders that have been trading for 30 years... but not a lot that have made trading a career for 30 years. That's Brian Lund — who caught the trading bug early in his life. He bought a few stocks before he unwittingly got into a high flier: Adobe. 

Though he saw some early gains, Brian says that his trading only started to take off once he got into technical analysis, finding a style of trading that finally matched his personality. In this episode, host Eddie Horn talks with Brian about some of the tactical lessons that he's learned while trading. From the interview, it's clear that Brian has a process for trading — he knows exactly why he is trading. 

There's tons to unpack here. Check it out, and be sure to subscribe to Limit Up on iTunes, Google Play or Soundcloud to get the fresh episodes each week delivered to your inbox. 

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Topics: Trading Basics, Limit Up!, Forex, Futures, Brian Lund

A Trader's Largest Flaw and How to Conquer It

Posted by TopstepTrader on February 14, 2018

If we were completely rational, we would not need rules. We would always make trades according to our plan. We wouldn't need a daily loss limit. And we would recognize when our strategy wasn't working. 

Unfortunately that isn't the case. Our largest flaw is that we are not rational. We don't always act in the best interests of our long-term profitability. 

So how do we save ourselves from ourselves?

This week's episode of Limit Up! tackles just that. Check it out, and be sure to subscribe to Limit Up on iTunes, Google Play or Soundcloud to get the fresh episodes each week delivered to your inbox. 

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Topics: Performance Coaching, Trading Basics, Limit Up!

Interview with Blair Hull: The Man Who Bought the Low Tick of the 1987 Crash

Posted by TopstepTrader on February 09, 2018

Blair Hull is a trading legend. He bought the market low of Black Monday, 1987. Twice getting shares at the low tick. And though he finds his edge in math-based models (a byproduct of his start card counting in Vegas casinos), he offers incredible insight that every discretionary trader can learn from. 

Blair talks a lot about the importance of education, but he also practices what he preaches. Even after 30+ years in trading, he is constantly looking to expand his knowledge base, including taking courses in machine learning. 

This week's Limit Up goes through Blair's career and his current work at Hull Tactical FundsYou cannot miss it! And be sure to subscribe to Limit Up on iTunes, Google Play or Soundcloud to get the fresh episodes each week delivered to your inbox. 

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Topics: Trading Basics, Limit Up!, Forex, Futures, Blair Hull

My Experience Blowing Up a Trading Account

Posted by TopstepTrader on February 01, 2018

You'd be hard pressed to find a successful trader that hasn't blown up a trading account. Paul Tudor Jones. Ray Dalio. Both have. It is clear that early struggles are a common theme among traders that are successful in the long term. In fact, early success may be more detrimental than helpful for trader development.

Dr. Kenneth Reid had both. He recalls the day that he made more than $5,000. And the day that he lost more than $30,000. That math doesn't add up, and he ended up taking a $130,000 loss.

This week's Limit Up goes through Dr. Reid's struggles and his quest to find out why he had an addictive trading habit. Check it out, and be sure to subscribe to Limit Up on iTunes, Google Play or Soundcloud to get the fresh episodes each week delivered to your inbox. 

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Topics: Trading Basics, Limit Up!, Trading Psychology, Kenneth Reid

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