Limit Up!

Macro-managers look to the big picture when it comes to making trades. While it’s necessary to look at the long game, if you only focus on the macro, you’re missing out on what’s happening in the short term. Our guest this week on Limit Up! is Samantha LaDuc, a Macro-to-Micro Analyst who shares how to keep your eyes on both to make the best trades. Samantha shared how she got into trading and offers advice for new traders cutting their teeth in our current volatile market. She also discussed her mantra: There’s no meritocracy in finance without the voice of women. Listen for a discussion on why welcoming more women into trading benefits everyone. (02:55) - Market reaction (08:09) - Interview with Samantha LaDuc(08:53) - Personal volatility (12:54) - Evolving after early success (17:51) - Startinghttps://laductrading.com/ ( LaDuc Trading) (24:16) - Macro-to-Micro analysis (30:26) - Cross-asset correlations and divergences (32:55) - Fishing metaphors (34:21) - Women in finance & trading Samantha LaDuc is the F

To be a successful trader, you don’t need to make 30 trades a day and drive a Lamborghini (although that’s always the dream). Sometimes the most effective strategy, especially right now with all the market volatility, is to get back to the trading basics. This week on Limit Up!, The Trader Chick, Marina Villatoro, joins us to talk about simplifying your trading process. Marina has a fascinating life story; she was born in the USSR, moved to America, began traveling the world and ended up married in Guatemala. Her trading story didn’t begin until she decided to switch career paths for her 40th birthday. Now she is a successful trading instructor and coach through her website, The Trader Chick. Listen in for Marina’s story and get her tips on getting back to the basics of trading. (01:49) - Market reaction (06:40) - Interview with Marina Villatoro (06:54) - Aerobics, travel, and trading (16:04) - Speaking the language of the market (20:48) - Trigger happiness (24:09) - How https://thetraderchick.com/ (The Trad

Troy Prince grew up in the Bronx, one of the most impoverished zip codes in America even though it was just 11 miles from the New York Stock Exchange. Thanks to an early interest in trading piqued by a social studies class, he knew from age 17 that he would be a trader. This took him on a journey around the globe trading at international firms from Spain to Japan and Vietnam. These days, Troy is trying to use his social capital to get more diverse traders on the floor with his programs Wall Street Direct and Diverse Trader Training. Troy is one of the most interesting and passionate guests we’ve ever had on Limit Up! so don’t miss this episode! [00:47] - This week: Troy Prince [01:20] - Market reaction [05:07] - Interview with Troy Prince [05:50] - How Troy got into finance and trading [06:57] - https://www.amazon.com/Market-Wizards-Updated-Interviews-Traders/dp/1118273052/ (Market Wizards) [10:15] - Risk vs. reward [13:53] - Tokyo culture shock [19:56] - The prop life [24:27] - Launching Wall Street Bound [2

Elon Musk, like Steve Jobs before him, is a brilliant marketer. In a sense, when you invest in Tesla, you’re really investing in Elon Musk. This week, Jack and Dan are taking some time to break down why Tesla stock is so volatile and offer advice for those looking to trade in the company. They round things out with a discussion on summer trades. Every summer has a different flow from the other seasons, but with a pandemic, things are going to look even weirder than usual. Jack and Dan share how they’re trading this summer and offer tips, strategies, and timing.  [00:15] - This week: Jack & Dan [01:29] - What makes Tesla unique [10:42] - Visionaries of marketing [17:27] - Summer trades [22:11] - Time frames for ES futures [32:01] - Trading as a living Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/ (TopstepTrader). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the

Social media has taken over the globe, it was only a matter of time before it hit the world of trading. Matt Miller began trading penny stocks as a teen. From there, he learned more about trading from YouTube videos and TopstepTrader. These days, Matt is taking things a step further and http://youtube.com/tradesbymatt (live streaming) his own trades. Matt joined Jack and Dan to talk about the discipline it takes to trade live as well as the qualities to hone for greater trading longevity. Listen to learn more about how social media is changing the trading game. [01:31] - This week: Matt Miller [03:14] - Interview with Matt Miller [03:51] - How Matt got into trading futures [08:54] - Live streaming trades [15:06] - Delta trading [23:31] - https://www.youtube.com/watch?v=h8oLV6W2pNk&list=PLzOlHmwTCjUf-nAjtKRgcVck0xynWhpwn (Turning Beginners Into Experts) [30:48] - Preserving capital [33:18] - Daily perspective [37:46] - Jack's conspiracy dungeon https://www.tradesbymatt.com/ (Matt Miller) is a streamer and

In the US, we do a horrible job of training young people for financial success, let alone how the stock market works. Our guest today, Casey Stubbs, is on a mission to educate the masses on how the market works and how to make the best trades. Casey joined Jack and Dan to share his morning routines as well as his daily processes to ensure success. He also shares his thoughts on what’s happening with the Robinhood app and how he is teaching his 20-year-old daughter to be a strong trader as a skill for life. Listen for Casey’s tips and check out hishttps://tradingstrategyguides.com/podcast/ ( podcast) andhttps://financeandmarkets.com/ ( newsletter). [00:44] - This week: Casey Stubbs [02:35] - Interview with Casey Stubbs [03:47] - How Casey got interested in markets [07:20] - Preferred assets & strategies [09:14] - New traders gaining access [14:06] - Founding Trading Strategy Guides [18:44] - Models and process [25:49] - Student interaction [29:27] - The comfort of structured goals [32:57] - Military discip

Exchange Traded Funds, or ETFs, sound intimidating, but are just another tool to add to your trading portfolio. These funds trade pretty much the same as a stock but are comprised of many different companies as opposed to just one. William Rhind is the man who pioneered this form of trade and is hitting great success with his company GraniteShares. William talked to Jack and Dan about the basics of this form of trading. He discussed how much capital is needed, how the funds work, and even shared a bit about the mysterious vault at the GLD. Listen to learn this new trading avenue. [02:07] - This week: William Rhind [03:29] - Market reaction [04:54] - Interview with William Rhind [05:10] - How William came to be the founder and CEO of GraniteShares [08:26] - Understanding exchange-traded funds [11:04] - The SPDR Gold Trust vault [13:11] - Starting an ETF [14:39] - Rebalancing technicalities [16:09] - Trading vehicles and long-term investments [17:44] - The volume spectrum [18:59] - Minimum barrier to entry [21:

This week, John Doherty of TopstepTrader is joining us on the Limit Up! Podcast for a panel discussion. John recently wrote an article for the Topstep blog called, “https://blog.topsteptrader.com/basics-of-support-resistance (The Basics of Support and Resistance).” For today’s discussion, we’re diving into these two terms and both John and Dan walk us through how support and resistance affected recent trades. Next, we’ll take a look at the current state of the market and make some forecasts on the month ahead. Listen in and check out John’s article for more. [00:30] - This week: John Doherty [03:02] - Onboarding funded traders [04:18] - Market reaction [06:13] - Interview with John Doherty [06:13] - John's trading background [08:03] - Identifying support & resistance levels [17:00] - Point of control [20:32] - Determining if a level is support or resistance [25:30] - Looking at the months ahead [38:30] - Fed predictions https://www.linkedin.com/in/johnmdohertychicago/ (John Doherty) is a Chicago native an

We’ve been saying this for months now, but people are feeling a lot of uncertainty with the current market and don’t even know where to begin. This week on Limit Up! Jack and Dan brought in psychologist Dr. Andrew Menaker to offer advice on dealing with this turbulence from a mental standpoint. Dr. Menaker discussed what the difference is between feelings and emotions – words we use interchangeably but mean different things. He has some great tips for day traders interested in micro-contracts and also talked about what he calls your “inner market.” Listen to get in touch with your inner market. [02:42] - This week: Dr. Andrew Menaker [04:34] - Interview with Dr. Andrew Menaker [07:38] - Institutional bank trader vs. retail client [10:28] - Market psychology [13:48] - Overcoming emotional biases [17:26] - Trading Holy Grails [18:51] - Micro contracts [25:09] - The difference between emotions and feelings [29:58] - The inner market A licensed clinical psychologist with a PhD and extensive experience in performa

Since its heyday in the 80s, retail trading hasn’t been hugely popular. But now, especially in the last two months of market fluctuations, retail trading seems to be entering a new golden age. It wasn’t even the pandemic that got this ball rolling, Younger generations have been dipping their toes in the industry ever since the boom of crypto. This week on Limit Up! we’re joined by TopstepTrader’s very own founder and Chief Visionary Officer Michael Patak. Michael chatted with Jack and Dan about why retail trades are suddenly so lucrative as well as some strategies he employs to trade successfully. Stay tuned for reflections on the market and a discussion on what’s going on with Boeing and Hertz. [00:40] - This week: Michael Patak [01:33] - Market Reaction [04:43] - Interview with Michael Patak [04:43] - Crypto renaissance [07:49] - Retail wash-out [11:21] - Pros and cons of asset classes for retail traders [27:08] - Let the trade play out [29:50] - Getting into a more sophisticated class or product [32:50] -

Everything in the trading industry is moving at warp speed right now with more uncertainty than we’ve seen since 1987. With emotions running high, this is a breeding ground for human error. The big firms all have software development teams that help automate parts of the trading process to make life easier for their traders. But what about the little guys, the retail traders who can’t necessarily afford the splashy tools? Enter into the picture, SharkIndicators, a software development company dedicated to creating software tools for retail traders. Jeremy Tang and Zac White co-founded SharkIndicators and are our guests on this week’s episode of Limit Up! They explain how mistakes they made as traders informed the development of their software products Blackbird and Bloodhound, which allow retail traders a choose-your-own-adventure approach to how much automation they want to use in their trades. Listen in to learn what goes into the trading software development process. [02:07] - This week: Jeremy Tang and Za

After two months of huge declines, the market has seen some slight rallies in the last few weeks. Not enough that we would say we’re out of the woods, but enough to offer some hope for freaked out traders everywhere. On this week’s episode of Limit Up! Jack and Dan spoke to Kirk du Plessis of Option Alpha to find out how it’s going for options trading. Kirk has noticed that the current volatility is attracting passive investors lured in by the bullish trap. But it’s important to remember that no one, not even Warren Buffet, is immune to big losses. He shares his tips for making trades while staying protected during a prolonged period of uncertainty. [00:53] - This week: Kirk Du Plessis [01:21] - Market Reaction [10:15] - Interview with Kirk Du Plessis [11:44] - How Kirk got into finance [14:49] - Directional bias [16:30] - Delta neutral [20:22] - Volatility expectations [24:23] - What backtesting is meant to be [27:56] - Option Alpha [32:56] - CQG [36:14] - Uptick in retail option trading [37:17] - Determinin

With 30 million and counting on unemployment thanks to our friend COVID-19, now more than ever it’s imperative to have a recession-proof skill. Just ask our guest today Anka Metcalf. Anka is a day trade veteran who also coaches and provides education at her website Trade Out Loud. Today she’s talking to Jack and Dan about what it’s like trading on the futures market. Anka discusses how she has honed her trading strategy over the years (strategies aren’t static, they evolve) and makes a case for patience when it comes to futures. Listen in for her tips and this week’s Market Reactions. [02:43] - This week: Anka Metcalf [03:36] - Market reaction [08:00] - https://www.youtube.com/channel/UCTDYMpdFhZU6Ivf3F2AEVUQ (Visit Topstep on YouTube) [08:38] - Interview with Anka Metcalf [10:16] - Trade all day [12:44] - Trading the doldrums [14:33] - Asymmetric targets [17:41] - Equity indices futures [21:55] - Are earnings already factored in? [26:48] - The quest for leverage [33:34] - Coaching and mentorship [41:24] - Th

A few years ago, Sean Kozak, President of NeuroStreet Trading Academy, spoke with a friend leading a neuroscience lab. The lab was developing a program to give the Manchester United soccer team a cognitive advantage on the field. Sean wondered, why don’t we have this for traders? Today, Sean’s company provides trading software and education with a neuroscience twist. Through daily cognitive exercises, traders strengthen their brains to help them make better trades. Sean dropped by Limit Up! to discuss how managing emotions, positive affirmations, and pattern recognition can help traders level up their game. Tune in to find out how cognitive neuroscience can help you be a better trader. [00:50] - This week: Sean Kozak [02:15] - Market Reaction [10:24] - Interview with Sean Kozak [12:08] - How Sean got started with trading [15:31] - Adapting to risk management [22:37] - Incorporating neuroscience into trading performance [32:57] - Transitioning from simulation to real money [38:48] - Developing strategies with

No one ever thought it was possible for oil to go negative…but here we are. This week we’re talking about the craziness of what’s happening to oil before moving to an interview with https://wingtrades.com/team (Aaron Gose) of Wingtrades. Aaron has a really interesting background. He was in the Navy and he studied engineering. He’s a perfect example of how traders can come from any background – finance and economics aren’t the only options. Aaron, Jack, and Dan discuss how quarantine has affected trading and the importance of thinking macro, but trading micro. [00:15] - This week: Aaron Gose [00:29] - https://www.youtube.com/watch?v=FN3AvnUm7PE (Market Reaction) [10:35] - Interview with Aaron Gose [12:17] - How Aaron got started with trading [19:23] - Seeing the big picture with the eye of an engineer [22:39] - Navy discipline [27:58] - Adjusting to isolation [31:17] - Founding https://wingtrades.com/#!map (WingTrades) [36:30] - See profit, take profit [42:36] - Ignoring the news [45:33] - Truck full of precio

Every trader’s story is unique. Not every trader comes up the traditional route through banks or other firms. One such person is Jerremy Newsome of https://www.reallifetrading.com/intermediate-trading-course (Real Life Trading). Jerremy has one of the best trading origin stories we’ve ever heard. He dropped in to Limit Up! today to share how the movie Forrest Gump changed his life and chatted about the strategies he’s using to trade during these times of uncertainty. Jerremy is the definition of a hustler and his story will inspire all the self-taught traders out there. Listen in as Jerremy talks about the movies that have made a huge impact on his trading career, why he thinks 1987 is about to play out all over again, and how working from home will shift our mindsets on work-life balance for the better. This one’s not to be missed! [00:15] - This week: Jerremy Newsome [02:13] - Market Reaction [07:03] - Interview with Jerremy Newsome [08:51] - Balancing the trading lifestyle [12:08] - Huge structural moves [

A big issue for many traders right now is deciding whether to cash in on the opportunity inherent in the current market, or to be more conservative and sit this one out. If you’ve been wondering about the psychology of trading and how that plays into current decision making, Rich Friesen of Mind Muscles for Traders is here with a host of techniques to help you keep your head on straight. Rich shared with us why it’s imperative to drop down to your core strengths and retrain your brain to encourage good habits. There’s a lot in this episode that is applicable to your personal life as well as your trading life so be sure to take some notes! [00:15] - This week: Richard Friesen [03:55] - Market Reaction [06:22] - Interview with Richard Friesen [07:14] - Rapid changes and shifts [15:20] - Creating new habits [19:22] - Mental games [24:55] - Market mood [31:02] - Experimenting in the new paradigm [36:19] - The Golden Keys [42:06] - Creating vision [47:13] - Comfort in the struggle https://mindmusclesfortraders.com

“When we get into these very emotion-driven markets like this. You have to buy the rumor, sell the news.” – Tim Racette Even when markets aren’t on a roller coaster ride, it’s good practice to rely on diversified tools as opposed to changing your strategy to fit market whims. Tim Racette, a trader with Eminimind, does both swing trading and day trading. This approach has allowed him to ride the waves while still making a profit. Tim joined Jack and Dan for a discussion on the benefits of swing trading, why it’s crucial to keep a positive mindset, and why trading is a long game…not a get rich quick scheme. Listen to insights on different ways to manage the current volatility. [00:15] - This week: Tim Racette [01:38] - Market reaction [07:54] - Interview with Tim Racette [08:26] - How Tim started EminiMind [09:51] - Ignore the floor [11:12] - Design studies [12:24] - Migrating between swing and day trading [19:51] - Emotion-driven markets [24:04] - Position size [25:55] - Make trading work with your lifestyle [

The market is so volatile, we’ve run out of synonyms for volatile. But Peter Davies, CEO of Jigsaw Trading, reminds us that we’ve been here before. The market is cyclical and will rebound eventually. With things changing by the minute, it’s almost impossible to properly manage risk doing day trades. Instead, Peter encourages traders to think like investors and trade with the long game in mind. He explains a bit about his company, Jigsaw Trading, and how it can help traders learn the skills necessary to make it amidst instability. Peter also has some knowledge to drop on all the newbie traders out there: don’t try to make trading fit you. Tune in for more! [00:53] - This week: Peter Davies [03:54] - Market reaction [09:46] - Interview with Peter Davies [09:59] - How Peter got into the industry [16:16] - How Jigsaw Trading has adjusted over time [20:11] - Looking for certainty [26:32] - Calling the bottom [30:48] - Tools & education at Jigsaw Trading [39:51] - Ideal markets for every personality type [44:54

If you’re an active trader, the last week has probably felt like years. With instability comes panic so we decided to talk to a veteran trader about how to stick with trading during a bear market. John Zumpano began his trading career in 1986…a year before the infamous 1987 stock market crash. John talks us through the differences between what we’re seeing now versus what happened in 1987 and 2008. He also talks about why the market is always worse right before it turns and shares a story of humility and hope for anyone that’s ever made a big mistake. If you’re worried right now, take John’s advice to heart: stay in the game. [00:16] - This week: John Zumpano [02:14] - Interview with John Zumpano [02:28] - What got John into the industry? [10:49] - The market is always worth trading [14:17] - Understanding your appetite for risk [17:56] - Improving execution time with hardware [22:48] - Transitioning to new technology [29:22] - Irrational moves [33:08] - Be confident in your levels [39:09] - Wild times [44:55