The Steps to Go From a Losing to a Winning Trader

Posted by TopstepTrader on January 25, 2018

If you don't relate to Anthony Crudele's story, you haven't been trading long enough. Anthony knows what it is like to blow up a trading account. He lost three $25,000 accounts when he first started trading - $50,000 of which was borrowed money. Then, on the last $10,000 he borrowed from his aunt, he finally got it

In this week's Limit Up, Anthony talks about his early struggles, what he now knows that he was doing wrong, and how he turned his trading around - going from someone deeply in debt to paying that off and buying his own seat on the Chicago Mercantile Exchange (CME). 

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 Radio, Futures, Anthony Crudele

The Basics of Algo Trading - Limit Up! with Jared Broad

Posted by TopstepTrader on January 18, 2018

Michael Lewis wrote a best-selling novel about the money pouring into trading technology - and in his analysis, he decried the stock market as being "rigged." There are likely few serious traders or market participants who would agree with that - but sometimes it can feel as though our trades are out of our control. We get slipped, don't get filled or prices "hunt" our stops. In the moment, it can feel like it's us against the trading machines. 

So, we brought in Jared Broad from QuantConnect to give us the basics on trading algorithms and quant strategies. Jared describes algos not as malicious all-knowing beings, but as trading rules solidified in black-and-white code that executes no matter what. There's no discretion involved at all. Sometimes that is great - and sometimes it can cause its own problems. 

After the interview, our view is that quant investing is only going to grow in prominence. But it's not going to squeeze out the little guys. We're largely competing on different timetables and in different ways. 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!, Jared Broad, Quantitative Trading

This is How You Increase Trading Performance - Limit Up! with Raman Chadha

Posted by TopstepTrader on January 11, 2018
Raman Chadha.png

For our 10th podcast - we lined up someone really special. It is a must listen. 

Raman Chadha is the founder of the Junto Institute, a place where growing startups and high-performing entrepreneurs turn to take their business to the next level. Since trading - at its core - is a business, Raman's insights are invaluable to achieving your potential as a trader in 2018.

Raman outlines why community is so important in life (and particularly trading). That's why TopstepTrader developed resources like TopstepChat, which includes Squawk Radio, and the Community Forum.

Raman also suggested that traders spend more time on awareness - and less time on feeling like they need to fix a problem. The Junto Institute even created an "emotion wheel" to help you identify your emotions - all without judgment. (Check it out.)

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!, Raman Chadha

5 Steps to Improve Your Trading in 2018 - Limit Up! with Mick Ieronimo

Posted by TopstepTrader on January 05, 2018

Trading success is all about progression - at least that's how Mick Ieronimo, risk manager at TopstepTrader defines it. 

In this conversation with Eddie Horn on Limit Up!, Mick identifies the five steps to improve your trading in 2018. It all starts with setting realistic expectations and not jumping in full on from the start. Mick and Eddie talk about their experiences trading - and how they've learned some of these steps the hard way. 

You have to find some time this weekend to listen! And please be sure to subscribe in iTunes, Google Play or on Soundcloud

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Topics: Trading Basics, Limit Up!, Todd Horwitz

The Secrets to Price and Volume - Limit Up! with Todd Horwitz

Posted by TopstepTrader on December 28, 2017

Todd Horwitz got his start trading in the pits 38 years ago. In the midst of that madness, he was able to develop a way of reading the energy of the crowd, finding success. In electronic trading today, that energy translates to paying close attention to price and volume - and ignoring everything else. 

In this conversation with Eddie Horn on our podcast, Limit Up!, Todd talks about the secrets to his trading success: price and volume. But Todd also outlines the great trading mechanics that have helped him stay risk focused. For example, he shared a story of when he kept moving a stop one or two ticks away (hoping the price rebounded) and ended up taking a $2,200 loss. He keeps that chart right next to his desk so he never forgets again.

If you like this episode, please be sure to subscribe in iTunes, Google Play or on Soundcloud

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Topics: Trading Basics, Limit Up!, Todd Horwitz

Mastering Trading Emotions and Improving Performance - Limit Up! with Rande Howell

Posted by TopstepTrader on December 20, 2017

Every great trader works seriously on their mental performance to increase their P&L - without exception. Understanding how the brain is - and is not - suited for trading can allow you to realize how to manage your instinct. 

There's no better person to lay out these factors than Rande Howell - a 15-year trading psychologist who has helped traders, portfolio managers and money managers improve their performance. 

Rande talks about the way that our brains are designed and goes over some exercises that can help us identify in the moment when we may not be making the best trading decisions. As Rande says, it's not about fighting emotions, but embracing them - and then realizing what that typically means for our performance.

Give it a listen - and be sure to subscribe to Limit Up on iTunes or Google Play. 

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Topics: Trading Basics, Limit Up!, Trading Psychology, Rande Howell

Inside the Life of a Full-Time Oil Trader - Limit Up! with Tracy Shuchart

Posted by TopstepTrader on December 13, 2017

If you have a goal of trading full time - or just trading more, then this episode of our podcast Limit Up! is a must listen. This week, we dig into the daily routine of Tracy Shuchart, a Crude Oil ($CL) trader. We talk about how she got into the business, what charts she looks at, and the interplay between technicals and fundamentals.

Tracy talks about how much work she does on a daily basis, both before the open and after the close. She also discusses why she has multiple plans when she enters a trade - to try to capture all contingencies. 

Give it a listen - and be sure to subscribe and leave us a review on iTunes or Google Play. 

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Topics: Trading Basics, Limit Up!, Tracy Shuchart

The Secrets Behind $47K in November Withdrawals

Posted by TopstepTrader on December 10, 2017

TopstepTrader's funded traders had a great November - even in conditions that were not so easy. They piled up profits and even took out $47,000 from their Funded Accounts™ - just in time for the holidays. 

In this special bonus episode of our podcast, Limit Up!, we talk about what made them so successful. Host Eddie Horn talks with Funded Trader Risk Manager Mick Ieronimo and Dr. Jinnie Cristerna to get their take on how a trading strategy intertwines with psychology to allow for success day trading the markets. 

Give it a listen - and be sure to subscribe and leave us a review on iTunes or Google Play. 

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Topics: Trading Basics, Limit Up!, Trading Psychology, Jinnie Cristerna

How to Make 2018 a Better Trading Year - Limit Up! with Rich Friesen

Posted by TopstepTrader on December 06, 2017

As you look back on trading in 2017, you probably are coming to the same conclusion as most traders out there  - I made progress, but there is so much I could've done better had I just ... 

The second guessing usually revolves around our mental lapses over the year. Had I just cut that one trade early. Had I just instituted a more strict Daily Loss Limit. Had I just taken a few days off.

Often times, we know what is the right thing to do - we just don't do it.

In the latest episode of Limit Up!, host Eddie Horn talks with Rich Friesen of Mind Muscles about how the mind is built and what we need to do as traders to implement change and trade better. Give it a listen - and be sure to subscribe and leave us a review on iTunes or Android Play. 

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Topics: Trading Basics, Limit Up!, Trading Psychology, Rich Friesen

Step-by-Step Guide to a Winning Trading Strategy

Posted by TopstepTrader on November 30, 2017

Peter Davies day trades the S&P 500 and helps traders by designing analytics, a trading platform and other tools as the founder of Jigsaw Trading. In the most recent episode of Limit Up!, host Eddie Horn and Peter hone in on the one thing that matters most to traders: finding and defining a profitable trading strategy. 

Peter says that anyone who is starting out trading should do so on a short timeframe. Instead of focusing on what the market may do in the next 2 or 3 days, he believes it is easier to predict what the market may do in the next 2 or 3 hours (or shorter). 

Give it a listen - and be sure to subscribe on iTunes or Google Play. 

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Topics: Trading Basics, Limit Up!, Peter Davies

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