Limit Up! Podcast
249 episodes - English - Latest episode: 11 months ago - ★★★★★ - 53 ratingsThis is the Limit Up! Podcast - the place where we explore trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer.
The Limit Up! Podcast is brought to you by Topstep and hosted by Jack Pelzer and Dan Hodgman. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good.
Risk Disclosure: https://www.topstep.com/risk-disclosure/
Listen Notes
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Episodes
Trading Costs & Prop Shop Payouts
June 02, 2023 15:00 - 34 minutes - 31.6 MBThe true cost of trading futures is more than just your P&L. Learn what determines your bottom line whether you're trading from home or at a prop shop.
Setting Expectations for Your Trading
May 19, 2023 15:00 - 32 minutes - 29.6 MBSetting grounded expectations will help you make steady improvements (and keep your sanity) while trading.
Avoiding Revenge Trading
May 12, 2023 15:00 - 28 minutes - 26.1 MBTopstep Senior Performance Coach John Hoagland joins the podcast to discuss revenge trading and how to stop fighting the market.
Trading Superstitions
April 28, 2023 16:00 - 27 minutes - 25.4 MBVenture into the world of the Trading occult with Dan and Jack as they discuss a few of the most common superstitions in the industry.
Live Q&A With Topstep CEO Michael Patak
April 21, 2023 14:30 - 56 minutes - 51.5 MBDan went live on YouTube this week to take trader questions with Topstep CEO Michael Patak. If you missed it, get it here.
Being More Selective With Trade Entries
April 07, 2023 11:00 - 31 minutes - 29 MBTightening up your entry criteria can pay big dividends in your account. Learn a few tips to help you avoid over-trading and under-performing.
Managing Stress While Day Trading
March 24, 2023 17:00 - 25 minutes - 22.9 MBIs trading stressful? Definitely. Many traders are under-rested and overleveraged. Dan and Jack are here with a few solutions.
Trade Coaching With Eddie Horn
March 17, 2023 18:30 - 25 minutes - 23.2 MBTopstep legend Eddie Horn joins the podcast to talk about the benefits of having a personal trading coach—which, by the way, Topstep now offers for free!
Post Trade Reactions and Emotions
February 17, 2023 15:30 - 27 minutes - 25.4 MBClosing out a trade often comes with conflicting emotions. Learn how to use that to your advantage.
How to Treat Your Trailing Max Drawdown
February 10, 2023 13:00 - 27 minutes - 25.2 MBFutures traders are usually pretty good about setting a daily drawdown limit. But how should you treat your unrealized gains?
Is the Bottom in?
February 03, 2023 15:45 - 22 minutes - 20.4 MBEquities are off to an explosive start in January. Does this mark a new shift in sentiment? Or is this just another bull trap?
Prep-Trade-Reflect Part 3: "Reflect"
January 27, 2023 14:45 - 28 minutes - 26.2 MBThe trading day is finished. Now it's time for perhaps the most important part of your process—a healthy dose of self-reflection.
Prep-Trade-Reflect: Part 2
January 20, 2023 15:30 - 26 minutes - 24.5 MBToday, we explore the "trade" aspect of Topstep's Prep-Trade-Reflect system with special guest John Doherty.
Prep-Trade-Reflect: Part 1
January 13, 2023 16:00 - 29 minutes - 26.6 MBIn the next 3 episodes, Dan and Jack explore the Prep-Trade-Reflect system endorsed by the coaching team at Topstep.
The Big Trading Trends of 2023
January 06, 2023 17:00 - 30 minutes - 28.1 MBWe're back after a magical holiday break. Now it's time to examine the big trends that will shape markets in 2023.
Levels to Watch in a Fast Market
December 15, 2022 20:30 - 26 minutes - 24.6 MBJohn Doherty joins the podcast today to discuss which levels really matter when the market starts rocking and rolling.
So You're Saying There's a Chance! (of a soft landing)
December 03, 2022 14:00 - 29 minutes - 27 MBNovember ends with a glimmer of hope as the Fed hints at slowing rate hikes.
CPI Surprises to the Downside (Finally)
November 11, 2022 14:30 - 25 minutes - 23.2 MBThe NASDAQ was up 800+ points! Let's break down some of the good news from CPI.
The Bear Market Comes for the Big Dogs
November 04, 2022 16:00 - 30 minutes - 27.6 MBDan and Jack discuss the unprecedented wealth destruction happening in the NASDAQ courtesy of some of its biggest names. Plus it's time to digest the latest Fed minutes.
Knowing When to Punt
October 28, 2022 16:30 - 27 minutes - 25.6 MBSometimes the best offense is a good defense. When your trading is on a cold streak, these are the adjustments you need to make.
The Psychology of Year-End Trading
October 14, 2022 14:00 - 24 minutes - 22.3 MBJack and Dan recover from CPI whiplash long enough to talk about how trading psychology and strategy change slightly in the fourth quarter. It's crunch time on Limit Up!
What Makes a Tradable Market?
September 30, 2022 13:00 - 31 minutes - 29 MBThe recent illiquidity spurs Dan and Jack to reflect on what makes a product something worth trading.
The Break to the Downside
September 23, 2022 14:30 - 26 minutes - 24.5 MBWhat the Fed giveth, the Fed taketh away. Dan and Jack also play a few rounds of CNBC.com Roulette.
Our Worst Trades: And What We Learned
September 09, 2022 14:30 - 35 minutes - 32.1 MBYou learn from good trades. But you learn way more from the terrible ones. Dan and Jack discuss their most spectacular trading failures.
Common Trading Questions with Eddie Horn
August 26, 2022 16:30 - 29 minutes - 26.8 MBOriginal Topstepper Eddie Horn joins the show to discuss the most common questions asked by traders.
How to Recognize and Accept Losses
August 19, 2022 16:00 - 29 minutes - 27.4 MBJohn Hoagland stops by to discuss the ups and downs of trading, and why managing losses might be the hardest part of the game.
How Prop Shops Manage Risk
August 05, 2022 16:00 - 32 minutes - 29.6 MBDan and Jack discuss their personal experiences at professional prop shops. Specifically, they dive into how these companies manage their risk.
The Weirdest Recession
July 29, 2022 14:00 - 25 minutes - 23.8 MBIt's time to get weird! Or at least as weird as one can be when talking about macroeconomics.
The Biggest Myths About Trading
July 22, 2022 14:00 - 26 minutes - 24.1 MBIs trading all about fast cars, glamour, and screaming matches between colleagues? Of course not. Dan and Jack dig into a few of their favorite trading myths.
Time to Talk Oil
July 08, 2022 16:00 - 23 minutes - 21.3 MBCrude Oil has been on a tear since late 2020. But lately, that rocket has come back to Earth.
Robinhood and the Dangers of Margin
July 05, 2022 15:30 - 30 minutes - 27.5 MBCongress released their report on Robinhood and memestock mania last week. And boy, is it a doozy.
Is a Market Vibe Shift Coming?
June 24, 2022 14:30 - 27 minutes - 24.8 MBPlunging rate expectations have Dan and Jack split over the next move in equities.
Where the 'Smart' Money Lives
June 17, 2022 14:30 - 32 minutes - 29.8 MBBonds may not be as exhilarating as other futures products, but they are just about the most important indicator out there.
Is Bad News Good Now?
May 27, 2022 15:30 - 22 minutes - 20.6 MBWith traders viewing everything through the lens of the Fed, good economic news might not be all it's cracked up to be.
Patience is a Virtue
May 20, 2022 15:30 - 29 minutes - 27.1 MBIt's tempting to "jump" your levels so you can get in on the action. But if it's not part of your trading strategy, you might want to think twice.
The Bubble Bursts
May 13, 2022 14:30 - 25 minutes - 23.1 MBThe Nasdaq is down more than 30%. Which begs the question, is everyone having fun yet? Dan and Jack discuss the levels to watch below.
From Stocks and Options to Futures
April 29, 2022 15:00 - 30 minutes - 27.8 MBMost traders get started with stocks before exploring other products. Dan and Jack discuss the pros and cons of options and futures when it comes to daytrading.
What You Need in Your Trading Journal
April 15, 2022 15:00 - 31 minutes - 28.4 MBDan and Jack discuss the components of an effective trading journal. The trades. Hard data. Emotions and feelings. You'll need them all if you want to get better.
The Wobble Continues
April 08, 2022 14:00 - 26 minutes - 24.4 MBIt’s been 136 days since the NQ last hit an all-time high. This is uncharted territory for those who started trading in the past few years. Plus our thoughts on Elon Musk buying nearly 10% of Twitter. Enjoy!
Is The Bottom In?
March 25, 2022 15:30 - 34 minutes - 31.9 MBDan and Jack look at charts going all the way back to 1998 to put the recent moves in context. Stock index futures are wobbling right now—so will it be smooth sailing, or is the drop we saw just the beginning?
Trading Rising Rates
March 18, 2022 15:30 - 30 minutes - 41.5 MBThe Fed raised rates this week for the first time since before the pandemic. How will the markets react in this new environment?
Stay Safe Everyone
March 11, 2022 15:30 - 30 minutes - 27.5 MBVolatility in markets, especially commodities, is extremely high. This is when you need to adjust your risk parameters to trade responsibly.
Stuff Hits the Fan
February 25, 2022 14:00 - 24 minutes - 33.8 MBDan and Jack discuss how the Russian invasion of Ukraine completely changes everything.
Bracketology
February 11, 2022 14:00 - 31 minutes - 43.1 MBDan and Jack respond to the Fed's threat to raise rates by a whole percentage point before July (not that any of them will care, but still). Then the discussion moves to trading with bracket orders. These are a powerful tool for traders, but the results of a little experiment run by Risk Manager Mick demonstrate why they can't be used like market-making algos.
Congestion Areas
February 03, 2022 22:30 - 31 minutes - 43.4 MBDan and Jack reflect on today’s big drop in NQ and take on the concept of trading “congestion areas.” What are they? Why are they important? Listen and you shall be enlightened! There’s also a new segment where Dan reveals what’s working and not working this week for Topstep traders.
How Much Should I Risk Day Trading?
January 27, 2022 22:30 - 36 minutes - 50.6 MBDiscretionary trading requires a massive amount of… well… discretion. Dan and Jack rundown Thursday’s market action and then partake in a lively discussion about what percent of your stack should be risked each day, week, and year (or even what you should risk, period).
Everything We Know About Stop Losses
January 20, 2022 22:30 - 31 minutes - 43.7 MBEvery trader knows you need to trade with stops. But where the heck are you supposed to put them? Dan and Jack dive into initial, trailing, time, and volatility stops today in their quest to become more enlightened traders and better men.
Rumors of Our Deaths: Greatly Exaggerated!
January 13, 2022 23:00 - 28 minutes - 39.1 MBDan and Jack are back after going "off-the-grid" for six months to discuss their 2022 trading goals, Jack's new family situation, and the new, interactive format of the podcast. Check out the Topstep YouTube Channel at 3PM CT on Thursday afternoons to be part of future live recordings. It’s great to be back!
Vetting Your Sources
July 29, 2021 20:00 - 31 minutes - 28.8 MBWho do you listen to when it comes to trading? Doing your homework and staying informed is an important aspect of long term trading success. As is having a place to bounce around ideas and hear different perspectives. However it’s also critical that you vet those sources. This week on Limit Up! Jack and Dan discuss the double-edge sword of easy access to trading advice and how best to evaluate your go-to sources. They’ll cover some practical tips and give a few golden rules to keep in mind. ...
Building Long Term Success in Day Trading
July 22, 2021 20:00 - 32 minutes - 30 MBHow do you build long term success in day trading? That’s the topic Jack and Dan are tackling this week with practical suggestions for account management, capital allocation and overall risk and money management, helping you find term success to keep you in the game. As always they kick things off with a discussion of current markets including the recent bounce-back, volatility increase and the complexities of trading the bond markets. Limit Up! is a podcast brought to you by Topstep abou...