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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

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

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