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What is the Next Opportunity in the Crude Oil Market?

Posted by TopstepTrader on July 12, 2018

After yesterday, Crude Oil futures are seeing red. The commodity fell 5% after inventory numbers. 

But a move of that size could have been expected. There is just so much going on: supply concerns coming out of Venezuela and Canada; political pressures from President Trump's Twitter account; extreme backwardation in the Crude Oil curve where front-month prices are more expensive than future prices; and, before yesterday, a $10 rally in the past month. 

In this special episode of Limit Up!, futures trader Tracy Shuchart talks with host Eddie Horn about what's going on and what she is looking at to drive moves in the coming trading sessions. 

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Topics: Trading Basics, Limit Up!, Tracy Shuchart, Futures, Crude Oil

This Trader Blew Up Two Trading Accounts. This is Her Secrets to Finally Becoming Consistent

Posted by TopstepTrader on July 03, 2018

Like most forex traders, Lydia Finkley (@faithmight on Twitter) didn't get off to a successful start trading. She says that her main challenges stemmed from a problem that most traders experience: over-trading.

That, when combined with the high leverage in a forex account, is a recipe for disaster. And Lydia knows that well. She blew up two trading accounts (only two?!) before finally finding consistency. 

In this interview, Lydia talks about those early challenges and the three things she did that changed the game for her. 

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Topics: Trading Basics, Limit Up!, Forex, Lydia Finkley

The 3 Best Resources to Improve Your Trading Now

Posted by TopstepTrader on June 16, 2018

No matter where you are this weekend, you can become a better trader. That's because progress is about deliberate practice. And it's hard to carve out time while the markets are open for deliberate practice. 

But with markets closed, now's a good time to reflect on what went right last week and what you can improve for next week. To do that, we've compiled our favorite resources of the week. Here are three resources to help you trade better — all of which can be reviewed in less than an hour.

They include a look at what separates successful traders from struggling traders, a video interview with a 35-year investing legend about how to build a career in trading, and the latest Limit Up podcast with about finding your trading stride.

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Topics: Trading Basics, Limit Up!, Yra Harris, Futures, Trading Setups, Weekend Curriculum

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

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