Limit Up!

This week Tracy Shuchart joins Eddie Horn as they dive into all the latest crude oil trading news. Tracy is an independent trader specializing in the energy markets. You can find her on twitter http://www.twitter.com/chigrl (@chigrl) and as a contributing expert at http://opportunistictrader.com (opportunistictrader.com). [01:44] What are your thoughts on where crude is moving? [05:51] Looking at technical analysis when deciding what to trade. [07:20] What type of trader best suits trading crude oil? [08:27] What’s the best time of day trade crude oil? [08:49] Tracy’s process for deciding her trade entries. [11:08] Should you trade based on comments/tweets? [13:41] Tracy’s thoughts on Saudi Arabia looking to leap the $50/$60/$70 barrels and to see a target $80? [15:22] How much of an impact does Russia really have on OPEC? [17:21] Tracy’s take on talk of Canadian reserves. [19:54] How closely do we need to watch weekly updates and government/cartel reports? [21:12] Why are the news wires expressing a slide in

This week Eddie Horn chats with 6-year TopstepTrader veteran Nick Dolby about his experience passing the Trading Combine®. Nick speaks openly about coming back from failure, how his scariest trades were any that were set to get him funded, and he gives some Trading Combine® tips for earning a Funded Account™.  [03:25] Picking yourself back up after a failure [08:30] What to expect when signing up for a TopstepTrader Trading Combine® [10:17] Why the first step to getting funded, is not to think about getting funded [12:58] Nick talks about how his idea of discipline has evolved over his trading career [16:49] Finding trading styles that work for you In this week’s round of Eddie Horn’s rapid-fire bonus questions, Nick reveals:[21:28] his favorite book on trading [22:26] what legendary trader he would love to study under [23:54] his one-word summary of society today To learn more about Nick’s experience with the Trading Combine®, find him in the https://www.facebook.com/topsteptrader/ (TopstepTrader Facebook)

Eddie Horn talks with Matt Davio, former fund manager and current private investor with more than 30 years trading experience. Matt is also the founder of the http://marketprofiletradingacademy.com/ (Market Profile Trading Academy) and in this episode he answers the most pressing questions traders have when using Market Profile, including some questions coming straight from the Topstep Trader Facebook community.   [03:22] What is Market Profile? [05:41] How is Market Profile set up? How do you read a Market Profile chart? [07:39] Why has Market Profile worked for so long? [10:30] Market Profile vs Volume Profile? [11:34] Are there any certain products that Market Profile works better for? [12:31] What is the Point of Control and how should we use it? [15:37] Is there a best time for Market Profile? [18:49] What other market data does Matt Davio like to watch and use? [20:44] What is a traders biggest mistake? [25:34] What are some basic trading rules every trader needs to know? [37:32] Can we scalp using Mark

In the second of a two-part special episode, Eddie Horn takes a look back at our first 50+ episodes; pulling highlights from some of the fantastic conversations he’s had with some of the biggest names in the trading world.  [00:39] Michael Patak -- on lessons learned about practice, having a plan and  how he turned his trading around [11:23] Anthony Crudele -- on how he overcame early losses to become successful [18:20] Anne-Marie Baiynd -- on why consistency is the key to being consistently profitable [22:22] Saul Shaoul -- on recommendations for trading day preparation [29:27] Annie Duke -- on decoupling the outcome from the decision-making process https://www.dante32.com/ (Podcast episode production by Dante32.)

In the first of a two-part special episode, Eddie Horn takes a look back at our first 50+ episodes; pulling highlights from some of the fantastic conversations he’s had with some of the biggest names in the trading world.  [00:47] Jack Schwager -- What goes into good trading [03:42] Brett Steenbarger -- What is it about successful traders that makes them successful [11:39] Linda Raschke -- Traders need to look at it as a profession over years of experience [15:33] Tony Saliba -- Kicking bad habits and creating a goal [24:36] Larry Benedict -- What is the makeup of a great trader https://www.dante32.com/ (Podcast episode production by Dante32.) 

In this episode, https://www.alexandertrading.com/ (Tom Alexander) goes in depth on the benefits of viewing markets through the lens of the auction process, using the market profile chart as a tool for viewing the auction and analyzing the market and outlines the common denominators of successful traders.  [06:53] - Despite all the changes in the market over time, the auction process hasn't changed; which the market profile chart reveals, making it the most robust and objective way to analyze the market. [08:15] - Why Market Profile should be used as a tool for understanding the market and not as a trading system [16:32] - The number one reason traders fail is confirmation bias - they get overly invested in their beliefs Common Denominators of Successful Traders:[18:23] - They remember the goal is to be a profitable trader, so stay open minded and not overly invested in their beliefs [20:19] - Resist confirmation bias and keep robust records of all trades, even the losing ones [23:53] - They’re patient and tr

Having learned some hard lessons himself, Michael Lydick has dedicated his career to educating and helping traders become and stay successful through changing markets. In this episode, Michael talks with Eddie about recovering from an account blowout early in his trading career, the biggest challenges traders face and common mistakes new traders make. https://www.dante32.com/ (Podcast episode production by Dante32.)

With the explosion in the price of Natural Gas and the collapse in the price of Crude Oil, now was a natural time to talk to Irina Slav, a writer for OilPrice.com with more than a decade of experience in writing and research in energy prices. Irina talks about what's driving the price of Oil lower, why OPEC is becoming ineffective and trends in production, both in the U.S. and overseas. If you are looking for a primer on energy prices or to hear what the insiders think, this interview with Irina is a great place to start. https://www.dante32.com/ (Podcast episode production by Dante32.)

One thing was clear after our interview with 30-year options and futures trading veteran Brian Lund: he has a solid 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. https://www.dante32.com/ (Podcast episode production by Dante32.)

Peter Davies, founder of Jigsaw Trading, day trades the S&P 500 and helps traders by designing analytics and other trading tools. In this episode of Limit Up!, Eddie Horn and Peter talk about the worst thing to do when trading during heightened volatility, the appeal of futures over stocks, and the importance of having a consistent approach for trading volatility. https://www.dante32.com/ (Podcast episode production by Dante32.)

Ray Burchett, Co-Founder of Accelerated Intelligence LLC and creator of the Intuitive Development Training, shares lessons learned over his 30 years of trading and a trader development experience with Eddie Horn. Ray defines his Golden Rule for trading, the top three elements of focus for successful traders and explains the importance of High Intuitive Function and how it differs from instinctive behavior. https://www.dante32.com/ (Podcast episode production by Dante32.)

Trent Clark, served over 10 years in professional baseball as Director for Human Performance Development with the Detroit Tigers, two-time American league champion Cleveland Indians and the World Champion Los Angeles Angels of Anaheim. His development, management, mentorship, training, and leadership education came from coaching greats such as Sparky Anderson, Tom Izzo, Nick Saban, Mike Sosa, and Joe Madden. Trent shares the lessons he’s learned about the importance of setting goals, putting in the time, and recovering from setbacks. “There are two pains in this life; the pain of discipline or the pain of regret. You choose which one you want.” https://www.dante32.com/ (Podcast episode production by Dante32.)

Over 30+ years trading, Saul Shaoul has found himself in a number of trades and situations - some of which he'd like back. Saul digs into three of his scariest trades and the lessons they taught him. He also digs into practical lessons he teaches traders every day, like why you should never have more than three losing trades in a row in a single day, and how you should set up your trading day. And he continues to focus on losses in his trading today, noting that, "You have to work a lot harder to get it back than you did to give it away."

This interview with John Bougearel discusses his approach to technical analysis. John, a trader and chartered market technician, approaches markets as a discipline to study and definitely puts in the work to understand them. But John's analysis isn't about identifying the one truth in advance, but instead about looking at the range of market outcomes and which path is most likely by studying prior patterns.

Becoming 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.

There 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.

Annie 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 this interview that you can take and enjoy.

John 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.

Steve 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.

Thankfully, 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.