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
Why We are Inconsistent Traders - Anne-Marie Baiynd (Rebroadcast)
October 13, 2018 02:32 - 58 minutes - 53.6 MBBecoming consistently profitable takes time. In this episode, we talk with Anne-Marie Baiynd, a trader and technical analyst, about her journey toward becoming consistently profitable. In that journey, she realized that she was not consistent in any parts of her life, so why would she expect to be consistent in her trading performance. This is an interview that we did with Anne-Marie for the first time in March - right after February's spike in volatility. The parallels are uncanny. Enjoy.
What Every Successful Trader has in Common - Jack Schwager (Rebroadcast)
October 06, 2018 02:56 - 49 minutes - 45.9 MBThere is no one better to connect the dots on what successful traders do than author and trader Jack Schwager. In this interview with Topstep's Eddie Horn, Jack goes over what he's learned from studying the performance and demeanor of the world's best traders. He also shares the best piece of advice he's learned over the years.
A Poker Champion on High-Risk Decisions - Annie Duke
October 02, 2018 02:41 - 1 hour - 81.9 MBAnnie Duke may be best known for her World Series of Poker Tournament of Champions win, but she’s taken her experience making high-risk decisions and turned it into a passion that she’s studied for two decades. Her book, Thinking in Bets (a must read), talks about how everyone, including traders, can make better decisions. In this interview, she talks about how to divorce outcomes from process, and offers actionable ways that traders can improve by changing their mindset. There is so much in...
Why Forex Presents the Best Trading Opportunities - John Kicklighter
September 22, 2018 02:45 - 49 minutes - 46 MBJohn Kicklighter is a trader and the head analyst at DailyFX, which provides market commentary for traders, by traders. In this interview with Topstep's Eddie Horn, John talks about lessons he's learned trading equities, options, futures and forex and why he believes forex trading presents the best opportunities for retail traders. He also goes over factors influencing the U.S. Dollar and why he believes the trade war will cause the U.S. Dollar to weaken.
The Difference Between a Good Trade and Good Trading - Steve Burns
September 15, 2018 02:44 - 30 minutes - 27.9 MBSteve Burns fell in love with markets at first trade. But in between then and now, he's put in a lot of work and effort both in his own trading and in educating new traders. His blog, New Trader U, attracts thousands of visits a month to read his trading insights. In this conversation, Eddie Horn and Steve talk about how Steve got into trading and some of the lessons he's learned over the years.
Kick Trading Back in Gear — Rande Howell
September 08, 2018 02:55 - 40 minutes - 37.6 MBThankfully, the slow summer trading months are over. That means that trading is ramping up. But with that, traders need to reset their mindset and prepare for active markets and additional opportunities. In this interview, trading psychologist Rande Howell discusses how traders can best set themselves and their minds up for success. Now is not the time to ignore your trading mindset. Get a leg up with this interview.
Kick Trading Back in Gear - Rande Howell
September 08, 2018 02:55 - 40 minutes - 37.6 MBThankfully, the slow summer trading months are over. That means that trading is ramping up. But with that, traders need to reset their mindset and prepare for active markets and additional opportunities. In this interview, trading psychologist Rande Howell discusses how traders can best set themselves and their minds up for success. Now is not the time to ignore your trading mindset. Get a leg up with this interview.
Confidence to Succeed Trading - Linda Raschke, Part 2
September 01, 2018 02:30 - 44 minutes - 40.8 MBThis is the second part of a two-part interview with futures trader and 'Market Wizard' Linda Bradford Raschke. In this interview, Linda talks about her early trading, where she found the confidence to come back after blowing up a trading account, and why traders need to view trading as a profession. Like the first interview, this one is packed with insights from one of the great modern traders.
Trading Profits = Confidence + Hard Work - Linda Raschke, Part 1
August 24, 2018 00:53 - 53 minutes - 48.8 MBLinda Raschke is as passionate about trading as any trader out there. And she out-works them all. In this interview, Mick Ieronimo takes the captain chair for the first time to talk to his mentor, Linda Raschke, about how she got started trading, lost everything, found success, started managing money, and what he learned executing trades for her. This is part one of two parts. The next part will be released next week. Enjoy.
Building to 6-Figure Trading Months - Tony Saliba
August 17, 2018 23:49 - 1 hour - 58.6 MBTony Saliba started trading, quickly made 50% and then nearly lost everything. It was only when he was down to his last $15,000 that he found the discipline and strategies to profit in markets. From there, as he focused on risk, he was able to increase his trading size and, ultimately, put together a run of 70 months where he made at least $100,000 a month in profits. In this interview, he shares his journey and what other traders can learn to achieve consistent trading success.
The Godfather of Trading Psychology - Brett Steenbarger
August 11, 2018 01:00 - 59 minutes - 54.3 MBDr. Brett Steenbarger has helped thousands of traders take their performance to the next level. He's worked one-on-one with billionaire hedge fund managers and coached thousands of traders at various proprietary trading firms. In this interview with Topstep's Eddie Horn, Dr. Steenbarger shares important lessons that he's learned from those traders and through his own trading. If you have a passion for markets, you have to give this interview a listen.
Building a 20 Year Constant Profit Streak - Larry Benedict
August 04, 2018 01:23 - 1 hour - 62 MBLarry Benedict is someone that by all measures probably should not have made it as a successful trader. Yet after repeatedly failing, Larry stuck with his passion of trading and, critically, learned from each setback. In this conversation, Larry talks about his journey trading, the lessons that every trader should take from it, and his new venture for traders, called The Opportunistic Trader. At The Opportunistic Trader, Larry and other prominent traders share real-time trade ideas and insig...
The Education of a Trader - Dale Pinkert
July 28, 2018 02:55 - 41 minutes - 38.5 MBDale Pinkert has traded forex for more than 30 years, working with thousands of traders along the way as a coach. In this interview, Dale shares the three questions that you have to answer before you should enter any trade, and provides a warning to traders about using excessive leverage. He also shares why he's a big believer in taking partial profits and hates impulse trading — lessons he's learned the hard way.
The Education of a Trader — Dale Pinkert
July 28, 2018 02:55 - 41 minutes - 38.5 MBDale Pinkert has traded forex for more than 30 years, working with thousands of traders along the way as a coach. In this interview, Dale shares the three questions that you have to answer before you should enter any trade, and provides a warning to traders about using excessive leverage. He also shares why he's a big believer in taking partial profits and hates impulse trading — lessons he's learned the hard way.
Dark Underbelly of Wall Street - Financial Bounty Hunter, Haim Bodek
July 20, 2018 20:00 - 1 hour - 55.3 MBIn his past, Haim Bodek ran a trading firm that accounted for more than 0.5% of all U.S. options trading volume. But then his trading programs turned south - and he couldn't identify why. That led him down a rabbit hole that led to the largest exchange fine in Wall Street history at the time. Now, Haim continues his quest to hold exchanges to account for unfair or deceptive practices. His story exposes a dark underbelly of Wall Street that every trader should know.
What's Going on With Crude Oil? - Tracy Shuchart
July 12, 2018 02:25 - 31 minutes - 29.1 MBCrude Oil fell 5% on Wednesday. Lucky for us, we had oil trader Tracy Shuchart in yesterday to talk about everything that's going on with the market - from production cuts and increases to political intervention and even why the market sells off on days where inventory numbers drop, a seemingly counter-intuitive move. If you are trading Crude Oil right now - or even interested in trading it - you have to give this episode a listen.
Be the Best Trader You Can Be - 5 Proven Ways to Make Progress
July 06, 2018 20:01 - 30 minutes - 27.9 MBThe best traders in the world are trying to get better - each and every day. Whether you are having the best start to a year ever or struggling in a choppy environment, you can improve. In this interview, trader and risk manager Mick Ieronimo goes over advice for how traders can perform better moving into the second half of the year. Mick's advice start with defining success and moves through the best ways to manage yourself through the ups and downs of trading.
Taking Trading from Passion to Profession - Michael Patak
June 30, 2018 01:37 - 27 minutes - 25.6 MBTaking your trading from passion to profession is definitely not easy. It requires discipline, patience and a strategy - three things that TopstepTrader helps you hone in real-time markets. In this episode of Limit Up, host Eddie Horn talks with TopstepTrader founder Michael Patak about how 500+ traders have earned TopstepTrader's capital to trade this year. Eddie and Michael talk about how TopstepTrader was founded, some highlights from funded traders, and how you can take your trading from ...
Two Blown Accounts, Third One's a Charm - Lydia Finkley
June 22, 2018 22:59 - 46 minutes - 42.9 MBLydia Finkley has a unique - and all too common - story. She was introduced to trading by her mother, an unusual start to a professional forex trading career. But from there, Lydia went through all the normal growing pains of a professional trader. She blew up two accounts, in short order, before scaling back drastically in her third. That's when she started to learn a lot about herself and the market. Since then, she's put a number of controls in place to ensure that she never experiences a ...
Finding Your Trading Stride - Patrick Rooney
June 15, 2018 20:55 - 42 minutes - 39 MBTrading is oftentimes a story of survival and reinvention. Every trader runs into periods where their strategy is not performing as expected. It's what they do at those points that will either ensure they can continue their trading passion or bury their account. Patrick Rooney started trading in the Eurodollar pit on the floor of the CME. Then, he became an electronic trader, employing discretionary strategies. When those strategies went out of favor, Patrick became a fully automated trader. ...
Setting Up for Successful Trading - Pauly Franco
June 02, 2018 02:12 - 47 minutes - 43.5 MBPauly Franco - known on Twitter as @spz_trader - actively trades forex, Gold and the German Bund. An educator as well as a trader, Pauly gives insights in this interview about how he set himself up for success, what goes into his daily routine and how he would approach analyzing current markets.
Secrets of the Best Traders - Jack Schwager
May 19, 2018 02:43 - 50 minutes - 46.7 MBJack Schwager is a renowned author that has studied futures markets and the world's best traders. In this episode of Limit Up!, he shares those secrets with host Eddie Horn, providing insight across his four books. Jack also talks about his new project, FundSeeder, which hopes to connect talented money managers with capital.
The Making of a Risk-Minded Trader - Mick Ieronimo
May 09, 2018 02:38 - 35 minutes - 32.7 MBMick Ieronimo is the risk manager at TopstepTrader, helping to manage firm assets across more than 175 traders worldwide. But Mick didn't start his trading career as a risk manager. He got his start trading his own account before tutoring as the trading assistant under Market Wizard Linda Bradford Raschke. In this episode of Limit Up, Mick shares his insights and what has made him a risk-minded trader.
Making Sense of Financial News - Max Rofagha
May 03, 2018 02:18 - 37 minutes - 34.5 MBThis is a special episode of Limit Up - where host Eddie Horn talks with Max Rofagha, the founder of Finimize, about personal finance and building a business - both key elements to successful trading. Finimize breaks down daily financial news into easily understandable bites with the hope of telling readers exactly what they need to know and why. Finimize came out of Max's frustration following his first successful startup - when he found himself with financial gain, but without clear directi...
The Most Important Trade to Get Right - Yra Harris
April 26, 2018 02:41 - 52 minutes - 48.7 MBThe U.S. Dollar is shaping up to be the most important trade to get right for the rest of 2018. We brought back 40-year trading veteran Yra Harris to talk about how he's looking at the market and what he's waiting on to move markets. Since this conversation, the Dollar has begun to rally. Is this a temporary reprieve or the start of a longer-term trend? If you want to nail this trade, you have to give this episode a listen.
Winning Trading Using Volume and Price - Anna Coulling
April 11, 2018 01:35 - 53 minutes - 49.4 MBAnna Coulling utilizes the relationship between volume and price to analyze trends in forex markets. She's spent more than 20 years trading and studying markets and has authored seven books on trading. In this interview with host Eddie Horn, Anna discusses her approach to the market, as well as how her strategy has built on the work of Richard Wyckoff to analyze forex, futures and even cryptocurrency markets.
5 Trading Rules I Learned on the Floor - John Hoagland
April 04, 2018 02:42 - 23 minutes - 21.9 MB30-year trading veteran John Hoagland joins host Eddie Horn in the TopstepTrader broadcast booth once again to go over five rules that were ingrained in him on the floor. John talks about ways that traders can learn and profit from trading, how they can come to think for themselves and why they should be purposeful in their practice. If you like this episode of Limit Up, please be sure to leave a rating or review. And don't forget to provide feedback to [email protected].
What Trading Success Looks Like with a Full-Time Oil Trader (Rebroadcast)
March 28, 2018 07:41 - 39 minutes - 36.2 MBWhat does it take to be a full-time trader? That's the question we explore with Tracy Shuchart on this episode of Limit Up! Tracy provides insight of how she quit her job in pharmaceutical sales and moved to Chicago with no contacts to pursue trading full time. We explore the daily life of a Crude Oil trader and what she does both before and after the market to set herself up for profitable trading. She talks about her trading strategies and why she's so dependent on charts. And she also talk...
The Art of Technical Trading - John Bougearel
March 22, 2018 02:50 - 41 minutes - 38.1 MBToday's Limit Up talks with John Bougearel, a trader and chartered market technician. If one thing is clear from this interview, it's that John knows his trading style and is a student of the market. John talks about the way that market technicians think and how he studies prior patterns to forecast where the market will go in the future. Listening to this interview, you'll see the depths at which John goes to in order to predict future prices.
Better Health for Better Performance - Dr. Hector Davila
March 14, 2018 04:04 - 53 minutes - 49.2 MBIn any high-stress situation where you have to perform at your best, your health is critical to consistency. In this episode of Limit Up, we dig into better health with Dr. Hector Davila, a licensed pharmacist, nutritionist and fitness guru. We talk with Hector about the most important components of your health and how you can maintain focus, energy and limit stress all day.
Turning $90K in Losses into a Trading Career - Michael Patak (Rebroadcast)
March 07, 2018 01:33 - 55 minutes - 50.9 MBAfter blowing up three trading accounts for a total of $90,000, Michael Patak finally got serious about his trading. He went on to trade Dow Jones Industrial Average futures as a local on the CBOT floor before starting TopstepTrader. In this episode, first broadcast in November, Michael talks about his journey learning how to be profitable trading and the aha moment that led to TopstepTrader. For more, go to www.topsteptrader.com.
Becoming Consistently Profitable - Anne-Marie Baiynd
February 28, 2018 03:11 - 58 minutes - 54.3 MBEarly in her trading career, Anne-Marie Baiynd asked herself a simple question: why am I inconsistent? The answer she came to was that everything about her was inconsistent - from how she analyzed the market to her eating and sleeping schedule. Why would she expect her trading to be consistent? In this episode of Limit Up, host Eddie Horn talks with Anne-Marie about her journey, why she turned to technical analysis, how she analyzes markets and what advice she has for other traders. There's s...
The Proper Way to Size Positions - 30-Year Trading Veteran Brian Lund
February 21, 2018 02:17 - 39 minutes - 36.7 MBOne thing was clear after our interview with 30-year options and futures trading veteran Brian Lund: he has a clear view of his trading strategy and the why behind it. Without those two things, it would be very hard to making a living and career out of trading. In this interview, host Eddie Horn talks to Brian about how he got started trading, his approach to finding a strategy and why he is so methodical about position sizing.
Rules to Profit - Trader and Coach John Hoagland
February 14, 2018 03:22 - 24 minutes - 22.5 MBTo trade well, you have to make good decisions. But we are irrational and impulsive. That's why we need rules. In this episode, trader and trading coach John Hoagland talks about his Cardinal Rules of trading. These are rules that John used to trade on the floor of the CME for more than a decade and that he uses today trading electronically.
The Future of Trading - Trading Legend Blair Hull
February 07, 2018 03:39 - 48 minutes - 44.6 MBBlair Hull has been ahead of the trading curve for more than 30 years. He was automating strategies and market making before it was popular. In fact, he thought that computers would replace floor traders in the 1980s - more than 20 years before it did. During his storied career, he's kept one thing consistent: he always knew his edge and is always learning. His thirst for knowledge helped him solve the game of Blackjack and now has him tackling issues in markets with Hull Tactical Funds. You ...
My Experience Blowing Up a Trading Account - Trading Psychologist Kenneth Reid
January 31, 2018 02:45 - 51 minutes - 47.3 MBDr. Kenneth Reid remembers the first day he made $5,000 trading. That was followed shortly later with a day he lost $30,000, sending him down a spiral that eventually led him to lose $130,000 in the markets. As he dug deeper into the psychology behind his trading, he realized that he was trading in an addictive manner, without a well-defined written method. Now, Dr. Reid preaches deliberate trading practice that focuses on the process, not the outcome. If your process is good, the outcome wil...
Going from a Losing Trader to a Winning Trader - Anthony Crudele
January 25, 2018 04:01 - 41 minutes - 38.6 MBThis week, we talk with Anthony Crudele - a futures trader and the host of Futures Radio. Anthony got his start trading on the floor before being an early adopter of the electronic Emini S&P 500 contract. Anthony started by blowing up three trading accounts, losing a total of $75,000 - $50,000 of which he borrowed from another trader. With his last $10,000 - again, borrowed - he finally turned his trading around. In Anthony's story, we find a lot of takeaways that we can apply to our own trad...
Algos and the Rise of the Trading Machines - QuantConnect's Jared Broad
January 17, 2018 04:06 - 35 minutes - 32.5 MBThough it's not always easy to believe, markets are not rigged by machines. There are benefits to electronic human trading and benefits to trading algorithms, which operate based on a set of rules. We talk with Jared Broad, CEO and founder of QuantConnect, about the basics of algorithmic and quantitative trading to find out what point-and-click traders should know. Host Eddie Horn and TopstepTrader's John Hoagland break down the interview and share some of their personal stories trading.
This is How You Increase Trading Performance - Raman Chadha
January 10, 2018 03:44 - 40 minutes - 37.3 MBRaman Chadha is the founder of the Junto Institute, which helps entrepreneurs and high-performing leaders realize their potential. That potential doesn't lie in your IQ - but instead in your emotions. In fact, studies show that more than 50% of performance is due to your emotions. Without being a trader, Raman captures the essence of how traders can stay motivated to succeed - for all the right reasons. He also talks about the importance of community and why traders should strive to be part o...
5 Steps to Improve Your Trading in 2018
January 03, 2018 03:51 - 29 minutes - 27.4 MBImproving your trading in 2018 starts today. But how? Mick Ieronimo, a long-time trader and TopstepTrader's risk manager, outlines five concrete ways to be successful trading in 2018. It starts with how you define success, which Mick says is about making progress and shouldn't be tied to any financial goals. Then, it's about taking what the market gives you and managing yourself through the ups and downs.
The Secrets to Price and Volume - Todd Horwitz
December 28, 2017 03:06 - 41 minutes - 38.5 MBTodd Horwitz is a 38-year veteran trader who started on the floor and successfully made the transition to the screen. He had to learn to translate the euphoria, fear and madness of the crowd into electronic trading - analyzing price and volume. In this episode, Todd shares his secrets to trading well - from what a great trading setup looks like to why he reminds himself of poor decisions he's made in the past.
Mastering Trading Emotions and Improving Performance - Rande Howell
December 20, 2017 02:49 - 56 minutes - 51.7 MBWhy do high-performing traders work with trading psychologists? To become even better. If you're not paying attention to your emotions, you will have a challenging time trading, says Trading Psychologist Rande Howell. In his 15-year history helping traders, Rande has worked with traders, portfolio managers and money managers throughout the world. We explore how traders can better be in tune with their emotions and strategies for implementing change into their trading. Rande also gives a coupl...
Inside the Life of a Full-Time Oil Trader - Tracy Shuchart
December 13, 2017 02:37 - 39 minutes - 36.5 MBWhat does it take to be a full-time trader? That's the question we explore with Tracy Shuchart on this episode of Limit Up! Tracy provides insight of how she quit her job in pharmaceutical sales and moved to Chicago with no contacts to pursue trading full time. We explore the daily life of a Crude Oil trader and what she does both before and after the market to set herself up for profitable trading. She talks about her trading strategies and why she's so dependent on charts. And she also talk...
BONUS EPISODE: Secrets to $47K in Funded Trader Profits
December 09, 2017 03:17 - 13 minutes - 12.7 MBIn this special bonus episode, we talk about TopstepTrader's funded traders - who withdrew more than $47,000 in profits in November. Funded Trader Risk Manager Mick Ieronimo drops by the broadcast booth to talk about what every trader should know from our funded traders' success. To put everything in context, Dr. Jinnie Cristerna, a trading psychologist, talks about how a trader's relationship with money impacts their performance.
Mastering the Trader's Mindset - Rich Friesen
December 06, 2017 03:43 - 49 minutes - 45.7 MBRich Friesen is the creator and developer of Mind Muscles, training traders to improve their performance through awareness. In this episode, Rich talks about how traders should view their performance, how they can take stock of their emotions, and why they shouldn’t fight them. Rich even gives traders an easy exercise they should do each day before they start trading.
Mastering the Trader’s Mindset - Rich Friesen
December 06, 2017 03:43 - 49 minutes - 45.7 MBRich Friesen is the creator and developer of Mind Muscles, training traders to improve their performance through awareness. In this episode, Rich talks about how traders should view their performance, how they can take stock of their emotions, and why they shouldn’t fight them. Rich even gives traders an easy exercise they should do each day before they start trading.
Identifying a Profitable Trading Strategy - Peter Davies
November 30, 2017 03:25 - 50 minutes - 46.3 MBPeter Davies day trades the S&P 500 and is the founder of Jigsaw Trading. In this interview, he talks about how traders can think about and create a trading strategy that works with their personality and view of the market. And find out why Peter strongly recommends that traders learn trading on a short timeframe, instead of swing or position trading. This interview is rich with insights into how a successful day trader views markets, so we hope you enjoy. Provide feedback to limitup@topstept...
Markets of Concern in 2018 - Futures Trader Yra Harris
November 22, 2017 03:23 - 57 minutes - 52.7 MBYra Harris is a veteran trader who started on the floor of the Chicago Mercantile Exchange before migrating to the screens. In this interview, he talks about some of his most challenging trades, why one of his best trades ever was where he lost a substantial amount of money and his outlook for 2018. But most importantly, he provides invaluable wisdom on how you can succeed in trading learning from his experience.
Lessons from $90k in Losses - Michael Patak
November 16, 2017 02:17 - 55 minutes - 50.7 MBMichael Patak is a floor trader turned entrepreneur who created TopstepTrader, a place where traders can safely engage in financial markets. After blowing up three trading accounts for a total of $90,000, he finally got serious and learned to trade profitably on a simulator. He went on to trade Dow Jones Industrial Average futures as a local on the CBOT floor before starting TopstepTrader. In this episode, he talks about his journey learning how to be profitable trading and the aha moment tha...