Limit Up!

Limit Up! is back with another dose of market analysis, trading strategy and...Jeopardy?  This week Danny Hodgman and John Hoagland discuss the latest Jeopardy uber-champion and how he kept winning by sticking to his game plan, something that rings true for traders as well. As always, our very own Mark Meadows is back with his MARKet Reaction. Finally, Jack Pelzer brings you into his office for this week's Trader Therapy.Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind.   [00:35] - This week [01:49] - MARKet Reaction with Mark Meadows [02:55] - Danny & Hoag: A look into James Holzhauer’s Jeopardy run [05:00] - Sticking to a plan even if it doesn’t guarantee a win [06:17] - Always manage your expectations & your risk [06:32] -  “Barney-style” - don’t overlook the power of keeping it kid’s book simple [08:17] - Learning the heartbeat of your market [12:38] - How to recognize ch

Welcome back to the new Limit Up! Listen in to get this week’s MARKet Reaction with our very own Mark Meadows, hear Danny Hodgman and John Hoagland talk about Market Profile and stick around for Trader Therapy with Jack Pelzer. Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind.   [01:01] - This week [02:24] - MARKet Reaction with Mark Meadows [04:12] - A look at Market Profile with Topstep’s Danny & Hoag[04:55] - Hoag’s favorite way to look at the market [08:21] - What makes Market Profile different than looking at the usual charts [09:48] - How Market Profile shows time spent at a given price [13:56] - What to do for the overnight session [16:37] - What about Volume Profile? [18:19] - Everybody’s got a system; what works for you may not for me and that’s ok! [21:19] - Hoag's history w/ MP - introduced to it by his dad in 8th grade [21:48] - Tim Dalton's Mind Over Markets (auc

Welcome to the new Limit Up! This episode marks the beginning of a few show changes we’ll be rolling out over the coming weeks. We’ll be covering our new call-in line for listeners of the show to call in with questions for us, our latest MARKet reaction as well as our performance coaches, Danny & Hoag, breaking down how you should be approaching your summer trading.So if you get a chance, give us a call and let us know what you think of the job we’re doing, the podcast or anything trading related! [00:41] - Introducing the new Limit Up! format [01:39] - We want to hear from you! Listener Grab Bag (855-902-0331) [02:16] - MARKet Reaction [04:09] - What to expect this summer with Topstep’s Danny & Hoag [05:54] - Don't chase money on Friday afternoon [08:44] - This will still be an active summer for trading [09:15] - There’s always opportunity. Remember to take a break [10:28] - Checking markets on vacation; do or don’t? [13:00] - Keeping connected with daily WSJ & coffee [13:30] - The news doesn't stop so just

John Kicklighter is a trader and the head analyst at DailyFX, which provides market commentary for traders, by traders. In this LimitUp! Rewind, 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.  [04:12] Connection between Trump’s opinion on the dollar affected 2018 performance of Forex [06:21] The US Dollar...what do you see down the road? [08:07] Future of China trade tariffs [09:07] The Fed & EU vs USD [11:25] How do you look ahead for that next trade? [13:22] How do you make sense of all the Geo-political risk and its effects on the market? [14:24] How are central banks like Bank of England/ ECB driving prices? [17:07] Are the markets looking towards the election here in the US? [18:57] What's a good process for thinking about correlating markets? [21:16] What to l

Dr. 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 will follow.   [02:48] - Dr. Kenneth Reid background [05:59] - Finding the psychology connection [07:37] - What's your trading style? [09:25] - Why trading on a simulator is crucial [11:35] - Traders need a method that they can explain in 5 seconds [13:52] - Approaching sim trading to make it as real an experience as possible [15:16] - How to view sim trading as an experiment without getting frustrated [16:06] - How long should someone be in a simulator? [18:31] - Getting off on the right foot with a real money account [19:5

To trade well, you have to make good decisions. But we are irrational and impulsive. That's why we need rules. In this Rewind episode, trader and trading coach John Hoagland talks about his cardinal rules of trading. Rules which he honed on the floor of the CME for more than a decade and that still serve him well in his electronic trading today. [03:02] Hoagland’s cardinal rules of trading [03:53] Applicability to electronic trading [05:13] Remembering the rules as you trade [07:11] Rule 1: Prices do not have to do anything [10:32] Rule 2: See Rule 1 [11:40] Rule 3: Learn to function in a tense, unstructured, and unpredictable environment [13:42] Rule 4: Keeping a journal [16:44] Rule 5: Find your trade; trade your plan [17:26] Why people hesitate on their plans [19:54] Rule 6: Follow the signals, not the cents Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podca

In this Limit Up Rewind, Larry Benedict, trader and founder of OpportunisticTrader.com, shares the keys to building his trading fortune, some of which defy conventional wisdom. Larry is someone that by all measures probably should not have made it as a successful trader. Yet after repeatedly failing, he stuck with his passion for trading and, critically, learned from each setback. In this episode hear Larry talk about: [03:49] How he got started on the floor of the CBOE [07:32] What made him think he could be a good trader [10:46] Why discipline and management are critical to success [12:43] What advice would he give to himself as a young trader [15:42] How he developed his “2% Rule” [20:32] The value of ‘collecting base hits’ versus ‘swinging for the fence’ in trading [22:50] How to know when you have a market that matches your trading style [26:00] The danger of having a gambler's mentality [31:09] Creating OpportunisticTrader.com [40:04] His best piece of advice for someone getting started in electronic tr

In this REWIND episode of Limit Up, we’re taking a look back on Eddie’s chat with Tony Saliba when they discussed bouncing back from a big loss, becoming disciplined, and working up the corporate ladder. Tony Saliba, CEO, and founder of Matrix Holding Group is a seasoned trading professional with an impressive track record, having once made a six-figure profit every month for 70 months straight. This is a stark difference from some of his early trading, where he lost nearly everything in just six days, which ultimately gave him the skills he needed to become so successful in trading. Tony is also the author of Managing Expectations and has trained many successful traders in varying types of markets, all over the world and leads a broker-dealer in a trading technology group. Hear Tony talk about: [03:20] Getting a Start as a Caddy and Accountant [09:25] Gaining 50% and Losing 80% [19:07] Doing Homework [21:10] Perfect Practice Makes Perfect [23:00] Mentorship in Trading [27:56] Goal Setting for Intended Target

In this Limit Up Rewind, Annie Duke, best-selling author, and former professional poker player, dives into why decision making can be so tough and discusses the importance of probability when it comes to pulling the trigger. While Annie Duke may be known best for her victories in professional poker, still holding the title for only female to have won the World Series of Poker Tournament of Champions and NBC National Poker Heads-up Championship, she is also an esteemed corporate speaker  and an author of five books with her most recent and only widely released book becoming an instant bestseller.  [02:45] Why our decision-making is so flawed [05:09] Decision-making evolves as humans do [05:33] How efficiency is often valued over accuracy [08:48] Pete Carroll and the “worst decision in football history” [17:09] We’re all “resulters” - thinking the outcome changes the quality of the decision [18:04] Thinking in terms of probabilities as the key to living with bad outcomes [21:23] Decision paralysis when not embr

https://twitter.com/faithmight (Lydia 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 loss like that again.  [03:21] Getting the Trading Bug [05:34] Learning the Markets [08:41] Getting back on track after unsuccessful trades [11:22] Checking on the market at particular times [15:33] Finding a trading strategy [18:22] Cash as a position [22:23] What to do when you’re in a position you shouldn’t be in [24:16] Starting out in electronic trading [26:14] Scariest Trade vs. Best Trade   Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.

In this “Best of Limit Up!” rebroadcast, hear Mick Ieronimo, TopstepTrader’s risk manager, discuss his experience entering the trading world, the value of trading your own money, and how he became a risk-minded trader. While these days Mick helps manage firm assets across more than 175 traders worldwide, he got his start trading his own account as the trading assistant under Market Wizard Linda Bradford Raschke.[03:53] How Mick got his start in trading [06:17] Clerking in the wheat and corn pits[10:22] Determination to trade his own account[13:42] Risk management as the number one role for a trader[14:42] Having a plan vs flipping a coin[18:25] The hardest loss Mick ever took as a trader[22:21] Deadliest sin in trading; how greed sneaks up on you[26:59] Trading bigger than you should [28:46] Money as a byproduct of good trading [29:31] Working with Linda Raschke [32:54] The future of electronic trading Limit Up! is a podcast for traders of all levels brought to you by https://www.topsteptrader.com/?utm_source

In this “Best of Limit Up!” rebroadcast, hear Dr. Brett Steenbarger discuss his latest book, Trading Psychology 2.0, as well as some of his best tips on avoiding common pitfalls and how to keep a trading journal as a way to learn from trading mistakes. Dr. Brett Steenbarger is a multifaceted trading coach that specializes in the psychology of trading, having published four books and maintaining a blog on the subject. He also holds the position of Clinical Associate Professor at The State of New York College in Syracuse, New York. [03:56] What makes the best traders the best[05:57] Being self-aware in trading performance[07:36] Red Flags[11:42] Passion for trading vs. passion for markets[14:54] Core elements for a successful trading journal[24:07] Work, family, and personal life balance[24:47] Trading psychology 2.0 as an update on first book[25:36] What’s changed his thoughts on applied trading psychology[27:47] Open outcry vs. electronic trading[29:39] Common pitfalls: overtrading[31:20] Common pitfalls: not

On this special episode and Season 1 Finale of Limit Up!, John Hoagland and Mark Meadows talk with https://twitter.com/LindaRaschke?lang=en (Linda Raschke) about her https://lindaraschke.net/trading-sardines/ (newest book “Trading Sardines”) and some of her personal highlights as a trader, including how she recovered from some of her biggest trading losses and how she built up the stomach for outlier events. Linda Raschke is a successful active trader and money manager with an impressive track record of almost forty years and an esteemed profile with Market Wizards. She is also a returning guest to the show. In Linda’s third second appearance on Limit Up!, hear her take on:[03:49] Her latest book Trading Sardines[06:07] What a formula for success looks like[08:02] Creating communities in trading[10:46] The importance of correcting mistakes immediately[13:17] Having the stomach for a big loss[15:23] Surviving outlier events[17:10] Investing in hogs when Swine Flu hit[19:05] How to manage emotions when trading[

Tim Racette is a day trader of the E-mini futures markets and swing trader of stocks. He openly shares his methods throughout the trading community and is a regular speaker at the TradersEXPO’s. This week he talks with host Eddie Horn about the importance of setting realistic expectations when getting started in trading, risk assessment as a core competency and the value of staying focused on a clear vision.  Listen to Tim’s take on: [05:52] How he got started trading [10:35] Good routines around premarket prep [14:25] Market growth and opportunity [17:57] Fair warnings for new traders [22:00] Tips for getting back on track after a failure [33:43] The importance of a trading journal [37:43] Top 3 traits that make up a winning traders mindset [43:10] Being intentional in building good trading habits [46:10] Keeping things simple, clarifying ideas and stepping away from trading on occasion to remain consistent through different market conditions [48:38] Using trading windows, time away and mindfulness to keep f

Daniel Ameduri is co-founder of the Future Money Trends newsletter, an authority for financial freedom and economic research in commodities, cryptocurrencies, personal finance, and income ideas.  This week he joins host Eddie Horn to talk about how his financial journey started, basic financial market education and the future of cryptocurrencies.A self-made multi-millionaire, Daniel also has a YouTube channel, Future Money Trends, that has received 10 million video views. He’s also been featured in The Wall Street Journal and ABC World News. Hear Daniel talk about:  [03:09] Where his financial journey got started [05:02] How to know what to invest in or if you should invest [08:01] Wealth prospects for the average person trading the markets [10:36] How to know what kind of stocks to invest in [13:08] What to focus on most when the markets are forever changing [16:44] Top 3 trends in the stock market right now [19:52] Trends with cannabis stocks [25:49] The relative perceived safety of Stocks vs Bonds [28:19]

https://www.linkedin.com/in/ben-lichtenstein-3482009/ (Ben Lichtenstein) joins Eddie this week to chat about the role emotion plays in trading, how to identify when you're trading with emotion and some tips & tricks about how to manage your emotions while trading.Before joining TD Ameritrade, Ben spent 25 years on the floor of the Chicago Mercantile Exchange. Ben has been a guest on several popular news shows including CNBC, Bloomberg TV, Bloomberg radio and has been published in numerous periodicals including Futures Magazine and Stocks and Commodities.Hear Ben talk about:  [08:00] The least smart, most emotional trading decision he’s ever made [11:41] His take on trading with emotions and how to get past emotional trades [15:13] Managing emotions with a regular, consistent routine [21:33] The characteristics emotionally mature traders possess [28:33] Understanding the importance of controlled emotions [37:04] How to recognize when emotions are putting themselves in front of trading execution [41:40] Tools t

https://twitter.com/stocktcm (Moritz Czubatinski) joins Eddie this week to dig into one of the simplest and most beneficial tools a trader can use to improve their trading performance: the trading journal. And as the Co-Founder of https://edgewonk.com/ (Edgewonk), a professional trading journal, it’s a topic Moritz knows well. Before co-founding Edgewonk and https://www.tradeciety.com/ (Tradeciety), a community by traders for traders, Moritz studied philosophy in Germany, became a professional poker player and then applied his gambling skills to trading while traveling around the world, mainly through China and South East Asia.Check out Moritz’s take on:  [05:12] What concept fueled the creation of Edgewonk [07:34] The importance of having a personal trading journal [08:29] Lessons learned to keep a poker journal [10:15] The most important stats to integrate into a trading journal [12:43] What role does gut instinct play in trading [15:46] What are some tools, used for a good journal [20:30] A trading diary v

This week Eddie talks with recognized futures trading expert, Erich Senft about the keys to successful trading including why it’s so important to carve out a unique strategy that works for you. Erich is a registered CTA (Commodity Trading Advisor), designated Trader Kingdom Expert, trading teacher, coach, and President of https://www.indicatorwarehouse.com/ (Indicator Warehouse).  [04:26] How Erich got his start in the trading world [05:40] What markets to follow and why [11:03] Adapting to market changes [15:23] Which indicator to use and why [21:17] Erich explains his dislike of risk/reward ratios [28:50] What Erich considers Wallstreet’s best-kept secret [34:43] The mindset a successful trader needs to have [40:19] Erich discusses some of the problems you see when coaching traders [45:01] Erich summarizes his viewpoint on the keys to successful trading You can find Erich through https://www.indicatorwarehouse.com/ (IndicatorWarehouse.com), on Twitter https://twitter.com/IndicatorWH (@IndicatorWH) or email

Eddie takes a deep dive into the 2019 market direction with https://twitter.com/davidmoadel (David Moadel), Chief Analyst and Opportunity Researcher for https://www.portfoliowealthglobal.com/ (PortfolioWealthGlobal.com). In this wide-ranging discussion they cover everything from the likelihood of a near-term recession to a potential US-China trade deal, to retirement planning in the current market.   [03:43] The likelihood of recession in 2019 [09:34] Drivers of inflation right now [11:52] Why there is so much talk about the markets crashing again [14:23] How a conventional trader should view algorithmic trading [18:06] Where growth and safety-minded investors can get consistent yield and persistent earnings [21:45] The importance of portfolio diversification and variety in this market environment [26:19] Other markets that would coincide with David’s direction on Gold [31:37] David’s report on the US Bonds being toxic [34:09] The potential US-China trade deal on the horizon, and what investors can expect [37

Mick Ieronimo, Risk Manager for TopstepTrader, joins Eddie Horn this week to talk about his work with Topstep’s funded traders. Mick dives into what it takes to get a Funded Account™, tips for successful trading, what trips up good traders and how to avoid self-sabotage.  [02:32] How Mick’s first visit to the wheat pit at the age of 12 led to his career in trading [06:44] Mick talks about his role as Risk Manager at TopstepTrader [10:15] What characteristics Mick looks for in traders for the team [13:32] The importance of starting slowly with low-risk trading [15:47] Best ways to carry success from the Trading Combine® into a Funded Account™ [25:39] How to find a market that fits and when to know a market isn’t right for you [33.50] What a trader should do after putting up a large winning day [37:45] And after a large losing day? [40:37] Mick give his thoughts on having a trading buddy [43:54] Mick’s top 3 tips for any trader trying to get funded[44:16] Knowing when to refine a trading strategy [45:13] Limiti