The true cost of trading futures is more than just your P&amp;L. Learn what determines your bottom line whether you're trading from home or at a prop shop.

The true cost of trading futures is more than just your P&amp;L. Learn what determines your bottom line whether you're trading from home or at a prop shop.

Trading Costs & Prop Shop Payouts

Setting grounded expectations will help you make steady improvements (and keep your sanity) while trading.

Setting grounded expectations will help you make steady improvements (and keep your sanity) while trading.

Setting Expectations for Your Trading

Topstep Senior Performance Coach John Hoagland joins the podcast to discuss revenge trading and how to stop fighting the market. 

Topstep Senior Performance Coach John Hoagland joins the podcast to discuss revenge trading and how to stop fighting the market.

Avoiding Revenge Trading

Venture into the world of the Trading occult with Dan and Jack as they discuss a few of the most common superstitions in the industry.

Venture into the world of the Trading occult with Dan and Jack as they discuss a few of the most common superstitions in the industry.

Trading Superstitions

Michael Patak

Dan went live on YouTube this week to take trader questions with Topstep CEO Michael Patak. If you missed it, get it here. 

Dan went live on YouTube this week to take trader questions with Topstep CEO Michael Patak. If you missed it, get it here.

Live Q&A With Topstep CEO Michael Patak

Tightening up your entry criteria can pay big dividends in your account. Learn a few tips to help you avoid over-trading and under-performing.

Tightening up your entry criteria can pay big dividends in your account. Learn a few tips to help you avoid over-trading and under-performing.

Being More Selective With Trade Entries

Is trading stressful? Definitely. Many traders are under-rested and overleveraged. Dan and Jack are here with a few solutions. 

Is trading stressful? Definitely. Many traders are under-rested and overleveraged. Dan and Jack are here with a few solutions.

Managing Stress While Day Trading

Eddie Horn

Topstep 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!

Topstep 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!

Trade Coaching With Eddie Horn

Closing out a trade often comes with conflicting emotions. Learn how to use that to your advantage.

Closing out a trade often comes with conflicting emotions. Learn how to use that to your advantage.

Post Trade Reactions and Emotions

Futures traders are usually pretty good about setting a daily drawdown limit. But how should you treat your unrealized gains?

Futures traders are usually pretty good about setting a daily drawdown limit. But how should you treat your unrealized gains?

How to Treat Your Trailing Max Drawdown

This 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

New host is great. Love learning from them. Really cool to hear Dan’s Dad’s story.

New Host

Love these guys. It’s entertaining and informing. Keep it up, Topstep!

Love it

This 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: <a href="https://www.topstep.com/risk-disclosure/" rel="nofollow" target="_blank">https://www.topstep.com/risk-disclosure/</a> Listen Notes

Limit Up! Podcast

Pete Mulmat

It’s our 100th episode today and we’re going back to talking about what TopstepTrader does best: futures trading. The futures market is notoriously inaccessible to small scale traders. Today’s guest, Pete Mulmat, stopped in to talk about how his new start up, The Small Exchange, is looking to level the playing field of the future’s market.With a simplified trading process and small product offering, The Small Exchange is empowering retail level traders the opportunity to make trades on futures that were previously only available to large companies able to front the risk. Pete discusses why the futures market is so lucrative and his best advice for making money in futures.Pete and Jeff end by sharing hilarious stories from the trading floor, such as the time that Olympic silver medalist Bob Berland stopped a fight between Pete and another trader. [00:38] - 100th episode of Limit Up![02:52] - Economic calendar[06:56] - Sleeping in[08:18] - Jeff Carter Interviews Pete Mulmat, Chief Futures Strategist at Tastytrade and Executive Vice President at Small Exchange, Inc[08:43] - The Small Exchange[10:13] - Pete and Jeff's history together at CME[15:18] - How Pete trades today[19:48] - First in first out[21:57] - Never abandon the retail guy[24:27] - Barrells, bushels, &amp; bars[27:42] - Dollar-wide ticks[29:40] - Transparency of futures[31:11] - Where am I getting out if I'm wrong?[32:01] - New and proprietary products[38:32] - Developing markets[40:25] - Crude oil &amp; onions[42:30] - Disrupting the monopoly[53:15] - Platform shoes[54:54] - Keeping it when you make it[1:01:44] - Community Questions Interlude[1:10:27] - Jeff Carter Interviews Pete Mulmat[1:10:27] - Funniest stories from the floor[1:19:58] - Clairvoyant moments[1:21:31] - Vegas[1:24:54] - The Small Exchange Pre-launch Subscription Offer[1:27:50] - Ask a question at the TopstepTrader Community on Facebook[1:28:14] - TopStepTrader on InstagramPete Mulmat is the Executive Vice President of The Small Exchange, a new exchange that democratizes the future markets and makes it accessible to small scale traders. Pete began trading in the 80s and has been an industry leader in bringing trades to the digital age.This episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at West Loop Ventures. In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by Topstep. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.

It’s our 100th episode today and we’re going back to talking about what TopstepTrader does best: futures trading. The futures market is notoriously inaccessible to small scale traders. Today’s guest, Pete Mulmat, stopped in to talk about how his new start up, The Small Exchange, is looking to level the playing field of the future’s market. With a simplified trading process and small product offering, The Small Exchange is empowering retail level traders the opportunity to make trades on futures that were previously only available to large companies able to front the risk. Pete discusses why the futures market is so lucrative and his best advice for making money in futures. Pete and Jeff end by sharing hilarious stories from the trading floor, such as the time that Olympic silver medalist Bob Berland stopped a fight between Pete and another trader. <ul><li>[00:38] - 100th episode of Limit Up!</li><li>[02:52] - Economic calendar</li><li>[06:56] - Sleeping in</li><li>[08:18] - Jeff Carter Interviews Pete Mulmat, Chief Futures Strategist at<a href="https://www.tastytrade.com/tt/bio/pete-mulmat" rel="nofollow" target="_blank"> Tastytrade</a> and Executive Vice President at<a href="https://www.thesmallexchange.com/" rel="nofollow" target="_blank"> Small Exchange, Inc</a><ul><li>[08:43] - The Small Exchange</li><li>[10:13] - Pete and Jeff's history together at CME</li><li>[15:18] - How Pete trades today</li><li>[19:48] - First in first out</li><li>[21:57] - Never abandon the retail guy</li><li>[24:27] - Barrells, bushels, &amp; bars</li><li>[27:42] - Dollar-wide ticks</li><li>[29:40] - Transparency of futures</li><li>[31:11] - Where am I getting out if I'm wrong?</li><li>[32:01] - New and proprietary products</li><li>[38:32] - Developing markets</li><li>[40:25] - Crude oil &amp; onions</li><li>[42:30] - Disrupting the monopoly</li><li>[53:15] - Platform shoes</li><li>[54:54] - Keeping it when you make it</li></ul></li><li>[1:01:44] - Community Questions Interlude</li><li>[1:10:27] - Jeff Carter Interviews Pete Mulmat<ul><li>[1:10:27] - Funniest stories from the floor</li><li>[1:19:58] - Clairvoyant moments</li><li>[1:21:31] - Vegas</li><li>[1:24:54] -<a href="https://subscribers.thesmallexchange.com/" rel="nofollow" target="_blank"> The Small Exchange Pre-launch Subscription Offer</a></li></ul></li><li>[1:27:50] - Ask a question at the<a href="https://www.facebook.com/groups/TopstepTraderCommunity" rel="nofollow" target="_blank"> TopstepTrader Community</a> on Facebook</li><li>[1:28:14] -<a href="https://www.instagram.com/topsteptrader/" rel="nofollow" target="_blank"> TopStepTrader</a> on Instagram</li></ul><a href="https://www.linkedin.com/in/peter-mulmat-2696a929/" rel="nofollow" target="_blank">Pete Mulmat</a> is the Executive Vice President of<a href="https://thesmallexchange.com/#/" rel="nofollow" target="_blank"> The Small Exchange</a>, a new exchange that democratizes the future markets and makes it accessible to small scale traders. Pete began trading in the 80s and has been an industry leader in bringing trades to the digital age. This episode of Limit Up! is hosted by <a href="https://www.linkedin.com/in/jeffreyrcarter/" rel="nofollow" target="_blank">Jeff Carter</a>. Jeff is a general partner at <a href="https://www.westloopventures.com/" rel="nofollow" target="_blank">West Loop Ventures</a>. In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion. Limit Up! is a podcast for traders of all levels brought to you by <a href="https://www.topsteptrader.com/?utm_source=limitup_podcast&amp;utm_medium=cta&amp;utm_campaign=ongoing_limitup_to_tst&amp;utm_content=limitup_podcast" rel="nofollow" target="_blank">Topstep</a>. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. <a href="https://www.topstep.com/risk-disclosure/" rel="nofollow" target="_blank">Risk Disclosure: https://www.topstep.com/risk-disclosure/</a> If you'd like to receive new episodes as they're published, please subscribe to Limit up! in<a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank"> Apple Podcasts</a>,<a href="https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw" rel="nofollow" target="_blank"> Google Podcasts</a>,<a href="https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ" rel="nofollow" target="_blank"> Spotify</a> or<a href="https://feeds.transistor.fm/limit-up" rel="nofollow" target="_blank"> wherever you get your podcasts</a>. If you enjoyed this episode, please consider leaving a review in<a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank"> Apple Podcasts</a>. It really helps others find the show. <a href="https://www.dante32.com/" rel="nofollow" target="_blank">Podcast episode production by Dante32.</a>

Leveling the Futures Market Playing Field with Pete Mulmat

David Klusendorf

David Klusendorf, Chief Investment Officer of Typhon Capital, likens managing risk to a quote from the movie Good Will Hunting: “I can't play the piano. When I look at a piano, all I see are black and white keys. But Beethoven saw a symphony.” Likewise, with trading, you have to be able to look at the numbers and see the big picture.On this week’s episode of Limit Up! Jeff talks to David about market volatility and risk. David shares his best tips for managing risk and makes the case for why you need to be curious enough to find your trading niche. He also offers up his advice for new traders and explains why trading is not magic: it’s a lot of behind-the-scenes work.  [00:29] - This week: David Klusendorf[00:49] - Market reaction[08:31] - Jeff Carter interview with David Klusendorf[09:09] - Name A Hotel Room So We Never Forget [10:45] - How David got into trading[13:37] - Analyzing risk[17:36] - Uncontrollable risk[21:34] - No trade is a trade[25:36] - Institutional risk[30:31] - Mispricing risk[32:43] - Raising hackles[37:22] - Measuring risk in crypto[39:14] - New contracts[41:28] - Trading micros[45:36] - Learning to make a living[51:54] - DynamiteDavid Klusendorf is the Chief Investment Officer and a principal of Typhon Capital Management which he joined in March 2015. David serves on Typhon’s Investment Committee and its Risk Committee. He has been a trader for more than 25 years and is a former basketball player for Loyola University Chicago.This episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at West Loop Ventures. In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by Topstep. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.

David Klusendorf, Chief Investment Officer of Typhon Capital, likens managing risk to a quote from the movie Good Will Hunting: “I can't play the piano. When I look at a piano, all I see are black and white keys. But Beethoven saw a symphony.” Likewise, with trading, you have to be able to look at the numbers and see the big picture.On this week’s episode of Limit Up! Jeff talks to David about market volatility and risk. David shares his best tips for managing risk and makes the case for why you need to be curious enough to find your trading niche. He also offers up his advice for new traders and explains why trading is not magic: it’s a lot of behind-the-scenes work.  <ul><li>[00:29] - This week: David Klusendorf</li><li>[00:49] - Market reaction</li><li>[08:31] - Jeff Carter interview with David Klusendorf<ul><li>[09:09] -<a href="https://www.gofundme.com/f/name-a-hotel-room-so-we-never-forget" rel="nofollow" target="_blank"> Name A Hotel Room So We Never Forget </a></li><li>[10:45] - How David got into trading</li><li>[13:37] - Analyzing risk</li><li>[17:36] - Uncontrollable risk</li><li>[21:34] - No trade is a trade</li><li>[25:36] - Institutional risk</li><li>[30:31] - Mispricing risk</li><li>[32:43] - Raising hackles</li><li>[37:22] - Measuring risk in crypto</li><li>[39:14] - New contracts</li><li>[41:28] - Trading micros</li><li>[45:36] - Learning to make a living</li><li>[51:54] - Dynamite</li></ul></li></ul><a href="https://www.linkedin.com/in/davidklusendorf/" rel="nofollow" target="_blank">David Klusendorf</a> is the Chief Investment Officer and a principal of Typhon Capital Management which he joined in March 2015. David serves on Typhon’s Investment Committee and its Risk Committee. He has been a trader for more than 25 years and is a former basketball player for Loyola University Chicago.This episode of Limit Up! is hosted by <a href="https://www.linkedin.com/in/jeffreyrcarter/" rel="nofollow" target="_blank">Jeff Carter</a>. Jeff is a general partner at <a href="https://www.westloopventures.com/" rel="nofollow" target="_blank">West Loop Ventures</a>. In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion. Limit Up! is a podcast for traders of all levels brought to you by <a href="https://www.topsteptrader.com/?utm_source=limitup_podcast&amp;utm_medium=cta&amp;utm_campaign=ongoing_limitup_to_tst&amp;utm_content=limitup_podcast" rel="nofollow" target="_blank">Topstep</a>. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. <a href="https://www.topstep.com/risk-disclosure/" rel="nofollow" target="_blank">Risk Disclosure: https://www.topstep.com/risk-disclosure/</a> If you'd like to receive new episodes as they're published, please subscribe to Limit up! in<a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank"> Apple Podcasts</a>,<a href="https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw" rel="nofollow" target="_blank"> Google Podcasts</a>,<a href="https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ" rel="nofollow" target="_blank"> Spotify</a> or<a href="https://feeds.transistor.fm/limit-up" rel="nofollow" target="_blank"> wherever you get your podcasts</a>. If you enjoyed this episode, please consider leaving a review in<a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank"> Apple Podcasts</a>. It really helps others find the show. <a href="https://www.dante32.com/" rel="nofollow" target="_blank">Podcast episode production by Dante32.</a>

Managing Risk and Finding Your Trading Niche with David Klusendorf

Erich Senft

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 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 tradingYou can find Erich through IndicatorWarehouse.com, on Twitter @IndicatorWH or email him directly at erich@IndicatorWarehouse.com.Limit Up! is a podcast for traders of all levels brought to you by Topstep. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.

This week Eddie talks with recognized futures trading expert, <a href="mailto:erich@IndicatorWarehouse.com">Erich Senft</a> 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 <a href="https://www.indicatorwarehouse.com/" rel="nofollow" target="_blank">Indicator Warehouse</a>. <ul><li>[04:26] How Erich got his start in the trading world</li><li>[05:40] What markets to follow and why</li><li>[11:03] Adapting to market changes</li><li>[15:23] Which indicator to use and why</li><li>[21:17] Erich explains his dislike of risk/reward ratios</li><li>[28:50] What Erich considers Wallstreet’s best-kept secret</li><li>[34:43] The mindset a successful trader needs to have</li><li>[40:19] Erich discusses some of the problems you see when coaching traders</li><li>[45:01] Erich summarizes his viewpoint on the keys to successful trading</li></ul>You can find Erich through <a href="https://www.indicatorwarehouse.com/" rel="nofollow" target="_blank">IndicatorWarehouse.com</a>, on Twitter <a href="https://twitter.com/IndicatorWH" rel="nofollow" target="_blank">@IndicatorWH</a> or email him directly at <a href="mailto:erich@IndicatorWarehouse.com">erich@IndicatorWarehouse.com</a>. Limit Up! is a podcast for traders of all levels brought to you by <a href="https://www.topsteptrader.com/?utm_source=limitup_podcast&amp;utm_medium=cta&amp;utm_campaign=ongoing_limitup_to_tst&amp;utm_content=limitup_podcast" rel="nofollow" target="_blank">Topstep</a>. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. <a href="https://www.topstep.com/risk-disclosure/" rel="nofollow" target="_blank">Risk Disclosure: https://www.topstep.com/risk-disclosure/</a> If you'd like to receive new episodes as they're published, please subscribe to Limit up! in <a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank">Apple Podcasts</a>, <a href="https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw" rel="nofollow" target="_blank">Google Podcasts</a>, <a href="https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ" rel="nofollow" target="_blank">Spotify</a> or <a href="https://feeds.transistor.fm/limit-up" rel="nofollow" target="_blank">wherever you get your podcasts</a>. If you enjoyed this episode, please consider leaving a review in <a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank">Apple Podcasts</a>. It really helps others find the show.

Secrets to Defining Your Own Trading Strategy - Erich Senft

Today’s guest is a special one for Limit Up! as part of our birthday celebration this month, we thought it would be a great time to bring on our Founder and Chief Vision Officer Michael Patak. Michael takes us through his beginnings as a trader, his experiences being deep in the pit. Jeff and the differences trading on a screen. Finally, hear how Michael started TopStepTrader with a community focus and how, at its heart, the company is focused on making the individual trader feel a part of that community. This is a great conversation between two-battle tested veterans of the trading world. UPDATE: And if you'd like to hear the rest of the discussion, be sure to check out Episode 91: Bear Markets, Crypto and Humility. BTW, as we mentioned above, this month is TopstepTrader’s 7th birthday! We’re going to be celebrating the only way we know how: by giving you all some amazing gifts! So join us for the celebration and stayed tuned for more info about our birthday extravaganza!Have thoughts about this episode? 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.[00:31] - This week[01:35] - TopStepTrader 7th Anniversary[02:25] - MARKet Reaction with Mark Meadows[04:06] - Jeff Carter Interview with Michael Patak[04:42] - Where were you on the floor?[06:00] - What interested you in trading?[08:23] - Why did you choose Dow over all the other pits?[08:53] - Do you feel like that market fit your personality?[09:58] - What did trading in the pit teach you that you can't learn on a screen?[12:08] - When you were trading what would limit your upside?[14:54] - Did you make the jump to trading on the screen?[16:35] - How do you manage the volatility difference between the screen and the pit?[17:33] - Do you find that having the pit experience impacts you on the business side of trading?[18:50] - How are you taking the trading floor community approach and applying it to TopStepTrader?[20:13] - What are you doing at TopStepTrader to make me feel like I'm not on an island by myself?[22:32] - What do you want TopStepTrader to become?[24:28] - What keeps you up at night?[26:05] - Do you have a lot of ex-pit traders that have come on to your platform?[27:42] - Where do you see the opportunities for people on TopStepTrader?[29:19] - What is the culture like working at TopStepTrader?[31:40] - How do you celebrate success and handle failure within the company?[35:44] - Did TopStepTrader raise venture capital?[36:55] - Do you find recruiting in Chicago better or not as good as other places?[38:02] - Do you have a rewards program to bring in new employees? Michael Patak is the Founder and Chief Vision Officer of TopstepTrader and the Co-Founder of mobile trading platform BLUECHXP. Prior to founding TopstepTrader, Michael was a trader for several years.  In 2015 has was semi-finalist and in 2016 a finalist for the Ernst &amp; Young Entrepreneur of the Year Award. In 2017, Inc. Magazine ranked TopstepTrader No. 1,261 on its 36th annual Inc. 5000. You can find Michael on his own Instagram and makes frequent appearances on the TopstepTrader Instagram account.This episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at West Loop Ventures. In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value.  Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by Topstep. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.

Today’s guest is a special one for Limit Up! as part of our birthday celebration this month, we thought it would be a great time to bring on our Founder and Chief Vision Officer Michael Patak. Michael takes us through his beginnings as a trader, his experiences being deep in the pit. Jeff and the differences trading on a screen. Finally, hear how Michael started TopStepTrader with a community focus and how, at its heart, the company is focused on making the individual trader feel a part of that community.  This is a great conversation between two-battle tested veterans of the trading world. UPDATE: And if you'd like to hear the rest of the discussion, be sure to check out <a href="https://limitup.topsteptrader.com/episodes/bear-markets-crypto-and-humility-with-topsteptrader-founder-michael-patak" rel="nofollow" target="_blank">Episode 91: Bear Markets, Crypto and Humility. </a> BTW, as we mentioned above, this month is TopstepTrader’s 7th birthday! We’re going to be celebrating the only way we know how: by giving you all some amazing gifts! So join us for the celebration and stayed tuned for more info about our birthday extravaganza! Have thoughts about this episode? 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.<ul><li>[00:31] - This week</li><li>[01:35] - TopStepTrader 7th Anniversary</li><li>[02:25] - MARKet Reaction with Mark Meadows</li><li>[04:06] - Jeff Carter Interview with Michael Patak<ul><li>[04:42] - Where were you on the floor?</li><li>[06:00] - What interested you in trading?</li><li>[08:23] - Why did you choose Dow over all the other pits?</li><li>[08:53] - Do you feel like that market fit your personality?</li><li>[09:58] - What did trading in the pit teach you that you can't learn on a screen?</li><li>[12:08] - When you were trading what would limit your upside?</li><li>[14:54] - Did you make the jump to trading on the screen?</li><li>[16:35] - How do you manage the volatility difference between the screen and the pit?</li><li>[17:33] - Do you find that having the pit experience impacts you on the business side of trading?</li><li>[18:50] - How are you taking the trading floor community approach and applying it to TopStepTrader?</li><li>[20:13] - What are you doing at TopStepTrader to make me feel like I'm not on an island by myself?</li><li>[22:32] - What do you want TopStepTrader to become?</li><li>[24:28] - What keeps you up at night?</li><li>[26:05] - Do you have a lot of ex-pit traders that have come on to your platform?</li><li>[27:42] - Where do you see the opportunities for people on TopStepTrader?</li><li>[29:19] - What is the culture like working at TopStepTrader?</li><li>[31:40] - How do you celebrate success and handle failure within the company?</li><li>[35:44] - Did TopStepTrader raise venture capital?</li><li>[36:55] - Do you find recruiting in Chicago better or not as good as other places?</li><li>[38:02] - Do you have a rewards program to bring in new employees? </li></ul></li></ul>Michael Patak is the Founder and Chief Vision Officer of TopstepTrader and the Co-Founder of mobile trading platform BLUECHXP. Prior to founding TopstepTrader, Michael was a trader for several years.  In 2015 has was semi-finalist and in 2016 a finalist for the Ernst &amp; Young Entrepreneur of the Year Award. In 2017, Inc. Magazine ranked TopstepTrader No. 1,261 on its 36th annual Inc. 5000. You can find Michael on his own <a href="https://www.instagram.com/nebraska_mp/" rel="nofollow" target="_blank">Instagram</a> and makes frequent appearances on the TopstepTrader <a href="https://www.instagram.com/topsteptrader/" rel="nofollow" target="_blank">Instagram</a> account. This episode of Limit Up! is hosted by <a href="https://www.linkedin.com/in/jeffreyrcarter/" rel="nofollow" target="_blank">Jeff Carter</a>. Jeff is a general partner at <a href="https://www.westloopventures.com" rel="nofollow" target="_blank">West Loop Ventures</a>. In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value.  Today it’s worth $55 Billion. Limit Up! is a podcast for traders of all levels brought to you by <a href="https://www.topsteptrader.com/?utm_source=limitup_podcast&amp;utm_medium=cta&amp;utm_campaign=ongoing_limitup_to_tst&amp;utm_content=limitup_podcast" rel="nofollow" target="_blank">Topstep</a>. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. <a href="https://www.topstep.com/risk-disclosure/" rel="nofollow" target="_blank">Risk Disclosure: https://www.topstep.com/risk-disclosure/</a> If you'd like to receive new episodes as they're published, please subscribe to Limit up! in<a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank"> Apple Podcasts</a>,<a href="https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw" rel="nofollow" target="_blank"> Google Podcasts</a>,<a href="https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ" rel="nofollow" target="_blank"> Spotify</a> or<a href="https://feeds.transistor.fm/limit-up" rel="nofollow" target="_blank"> wherever you get your podcasts</a>. If you enjoyed this episode, please consider leaving a review in<a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank"> Apple Podcasts</a>. It really helps others find the show. <a href="https://www.dante32.com/" rel="nofollow" target="_blank">Podcast episode production by Dante32.</a>

Trading with No Limits with TopstepTrader Founder Michael Patak

Gustavo Razzetti

In the high-stakes world of trading, it’s only a matter of time before you make a mistake. But high-achievers are notoriously bad at handling failure. Today’s guest, Gustavo Razzetti wants to change that. Gustavo stopped by to talk to Jeff about resetting your mindset so that you look at mistakes and failures as an opportunity to grow.Tune in to today’s episode as Gustavo offers up his best advice for dealing with failure and stay tuned for this week’s MARKet Reactions.[00:16] - This week: Gustavo Razzetti[01:19] - Market reaction[06:14] - Trader documentary with Paul Tudor Jones[08:08] - Jeff Carter interview with Gustavo Razzetti[08:38] - Building positive culture with Liberationist[09:52] - Why companies penalize mistakes[10:49] - Getting over the fear of making mistakes[15:36] - Asking about mistake policies[17:46] - Core principles at Liberationist[19:40] - The behaviors we reward and punish[23:08] - Creating influence within a company[25:58] - Decentralized autonomy[28:22] - Change fitness[32:46] - Grateful isn't just thanking somebody[37:53] - Improving mistake toleranceGustavo Razzetti is the CEO of Liberationist, a consultancy that helps purpose-driven organizations make positive change. His human-centered approach liberates the best version of leaders and their teams. Razzetti has more than 20 years of experience transforming human behavior at the intersection of neuroscience, design thinking, mindfulness, and creativity.Gustavo is the author of Stretch for Change, Stretch Your Mind, and Stretch Your Team. He is also a regular speaker and has facilitated hundreds of change workshops in the US, Europe, and Latin America. This episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at West Loop Ventures. In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by Topstep. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.

In the high-stakes world of trading, it’s only a matter of time before you make a mistake. But high-achievers are notoriously bad at handling failure. Today’s guest, Gustavo Razzetti wants to change that. Gustavo stopped by to talk to Jeff about resetting your mindset so that you look at mistakes and failures as an opportunity to grow.Tune in to today’s episode as Gustavo offers up his best advice for dealing with failure and stay tuned for this week’s MARKet Reactions.<ul><li>[00:16] - This week: Gustavo Razzetti</li><li>[01:19] - Market reaction</li><li>[06:14] -<a href="https://www.youtube.com/watch?v=F-fJjsm5wkA" rel="nofollow" target="_blank"> Trader</a> documentary with Paul Tudor Jones</li><li>[08:08] - Jeff Carter interview with Gustavo Razzetti<ul><li>[08:38] - Building positive culture with Liberationist</li><li>[09:52] - Why companies penalize mistakes</li><li>[10:49] - Getting over the fear of making mistakes</li><li>[15:36] - Asking about mistake policies</li><li>[17:46] - Core principles at Liberationist</li><li>[19:40] - The behaviors we reward and punish</li><li>[23:08] - Creating influence within a company</li><li>[25:58] - Decentralized autonomy</li><li>[28:22] - Change fitness</li><li>[32:46] - Grateful isn't just thanking somebody</li><li>[37:53] - Improving mistake tolerance</li></ul></li></ul><a href="https://www.linkedin.com/in/gustavorazzetti/" rel="nofollow" target="_blank">Gustavo Razzetti </a>is the CEO of <a href="https://liberationist.org/" rel="nofollow" target="_blank">Liberationist</a>, a consultancy that helps purpose-driven organizations make positive change. His human-centered approach liberates the best version of leaders and their teams. Razzetti has more than 20 years of experience transforming human behavior at the intersection of neuroscience, design thinking, mindfulness, and creativity.Gustavo is the author of <a href="https://www.amazon.com/Gustavo-Razzetti/e/B072KRGM3S" rel="nofollow" target="_blank">Stretch for Change</a>, <a href="https://www.amazon.com/Stretch-Your-Mind-conquer-comfort-ebook/dp/B0797DZLQQ" rel="nofollow" target="_blank">Stretch Your Mind</a>, and Stretch Your Team. He is also a regular speaker and has facilitated hundreds of change workshops in the US, Europe, and Latin America.  This episode of Limit Up! is hosted by <a href="https://www.linkedin.com/in/jeffreyrcarter/" rel="nofollow" target="_blank">Jeff Carter</a>. Jeff is a general partner at <a href="https://www.westloopventures.com/" rel="nofollow" target="_blank">West Loop Ventures</a>. In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion. Limit Up! is a podcast for traders of all levels brought to you by <a href="https://www.topsteptrader.com/?utm_source=limitup_podcast&amp;utm_medium=cta&amp;utm_campaign=ongoing_limitup_to_tst&amp;utm_content=limitup_podcast" rel="nofollow" target="_blank">Topstep</a>. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. <a href="https://www.topstep.com/risk-disclosure/" rel="nofollow" target="_blank">Risk Disclosure: https://www.topstep.com/risk-disclosure/</a> If you'd like to receive new episodes as they're published, please subscribe to Limit up! in<a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank"> Apple Podcasts</a>,<a href="https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw" rel="nofollow" target="_blank"> Google Podcasts</a>,<a href="https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ" rel="nofollow" target="_blank"> Spotify</a> or<a href="https://feeds.transistor.fm/limit-up" rel="nofollow" target="_blank"> wherever you get your podcasts</a>. If you enjoyed this episode, please consider leaving a review in<a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank"> Apple Podcasts</a>. It really helps others find the show. <a href="https://www.dante32.com/" rel="nofollow" target="_blank">Podcast episode production by Dante32.</a>

How Mindset Can Help You Handle Failure with Gustavo Razzetti

Annie Duke

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 embracing uncertainty[23:17] How to be more consistent in decision-making[29:05] Having a bias vs. being objective[33:35] Physical and mental cues that inform our decision-making[43:52] Leaving your ego at the door[48:55] How to sharpen quick-thinking[54:14] Annie’s pre-competition routines[56:31] Managing losses[1:01:08] Learning from failures[1:03:33] Are some people luckier than others?Keep up with Annie on Twitter @AnnieDuke or through her website https://www.annieduke.com/. Also, be sure to check out HowIDecide.org, the educational nonprofit Annie cofounded, which is dedicated to ensuring students are equipped to be better decision-makers in the modern world and throughout their lives.Limit Up! is a podcast for traders of all levels brought to you by Topstep. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.

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. <ul><li>[02:45] Why our decision-making is so flawed</li><li>[05:09] Decision-making evolves as humans do</li><li>[05:33] How efficiency is often valued over accuracy</li><li>[08:48] Pete Carroll and the “worst decision in football history”</li><li>[17:09] We’re all “resulters” - thinking the outcome changes the quality of the decision</li><li>[18:04] Thinking in terms of probabilities as the key to living with bad outcomes</li><li>[21:23] Decision paralysis when not embracing uncertainty</li><li>[23:17] How to be more consistent in decision-making</li><li>[29:05] Having a bias vs. being objective</li><li>[33:35] Physical and mental cues that inform our decision-making</li><li>[43:52] Leaving your ego at the door</li><li>[48:55] How to sharpen quick-thinking</li><li>[54:14] Annie’s pre-competition routines</li><li>[56:31] Managing losses</li><li>[1:01:08] Learning from failures</li><li>[1:03:33] Are some people luckier than others?</li></ul>Keep up with Annie on Twitter<a href="https://twitter.com/AnnieDuke" rel="nofollow" target="_blank"> @AnnieDuke</a> or through her website<a href="https://www.annieduke.com/" rel="nofollow" target="_blank"> https://www.annieduke.com/</a>.  Also, be sure to check out <a href="https://howidecide.org/" rel="nofollow" target="_blank">HowIDecide.org</a>, the educational nonprofit Annie cofounded, which is dedicated to ensuring students are equipped to be better decision-makers in the modern world and throughout their lives. Limit Up! is a podcast for traders of all levels brought to you by <a href="https://www.topsteptrader.com/?utm_source=limitup_podcast&amp;utm_medium=cta&amp;utm_campaign=ongoing_limitup_to_tst&amp;utm_content=limitup_podcast" rel="nofollow" target="_blank">Topstep</a>. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. <a href="https://www.topstep.com/risk-disclosure/" rel="nofollow" target="_blank">Risk Disclosure: https://www.topstep.com/risk-disclosure/</a> If you'd like to receive new episodes as they're published, please subscribe to Limit up! in <a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank">Apple Podcasts</a>, <a href="https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw" rel="nofollow" target="_blank">Google Podcasts</a>, <a href="https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ" rel="nofollow" target="_blank">Spotify</a> or <a href="https://feeds.transistor.fm/limit-up" rel="nofollow" target="_blank">wherever you get your podcasts</a>. If you enjoyed this episode, please consider leaving a review in <a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank">Apple Podcasts</a>. It really helps others find the show. <a href="https://www.dante32.com/" rel="nofollow" target="_blank">Podcast episode production by Dante32.</a>

REWIND: High-Risk Decisions with Annie Duke

Matt Davio

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 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 Market Profile in such a volatile market or should we just use it as a reference tool?[39:13] How do you apply Market Profile to a night session?[41:17] When trading a trend day on the Market Profile and you don’t get in early where do you look to enter and how do you define your risk?[44:41] If Matt Davio hosted a dinner for any 3 historical figures alive or dead who would he invite and what would he serve?Podcast episode production by Dante32.

Eddie Horn talks with <a href="mailto:daviomatt@gmail.com">Matt Davio</a>, former fund manager and current private investor with more than 30 years trading experience. Matt is also the founder of the <a href="http://marketprofiletradingacademy.com/" rel="nofollow" target="_blank">Market Profile Trading Academy</a> 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.  <ul><li>[03:22] What is Market Profile?</li><li>[05:41] How is Market Profile set up? How do you read a Market Profile chart?</li><li>[07:39] Why has Market Profile worked for so long?</li><li>[10:30] Market Profile vs Volume Profile?</li><li>[11:34] Are there any certain products that Market Profile works better for?</li><li>[12:31] What is the Point of Control and how should we use it?</li><li>[15:37] Is there a best time for Market Profile?</li><li>[18:49] What other market data does Matt Davio like to watch and use?</li><li>[20:44] What is a traders biggest mistake?</li><li>[25:34] What are some basic trading rules every trader needs to know?</li><li>[37:32] Can we scalp using Market Profile in such a volatile market or should we just use it as a reference tool?</li><li>[39:13] How do you apply Market Profile to a night session?</li><li>[41:17] When trading a trend day on the Market Profile and you don’t get in early where do you look to enter and how do you define your risk?</li><li>[44:41] If Matt Davio hosted a dinner for any 3 historical figures alive or dead who would he invite and what would he serve?</li></ul><a href="https://www.dante32.com/" rel="nofollow" target="_blank">Podcast episode production by Dante32.</a>

Using Market Profile - Matt Davio

Tim Racette

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 focused during the trading day[52:10] The Eddie Question: What’s your favorite saying and why?Be sure to catch up with Tim through Eminimind.com or find him on Twitter, Facebook and YouTube @eMiniMind. Limit Up! is a podcast for traders of all levels brought to you by Topstep. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.

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:<ul><li>[05:52] How he got started trading</li><li>[10:35] Good routines around premarket prep</li><li>[14:25] Market growth and opportunity</li><li>[17:57] Fair warnings for new traders</li><li>[22:00] Tips for getting back on track after a failure</li><li>[33:43] The importance of a trading journal</li><li>[37:43] Top 3 traits that make up a winning traders mindset</li><li>[43:10] Being intentional in building good trading habits</li><li>[46:10] Keeping things simple, clarifying ideas and stepping away from trading on occasion to remain consistent through different market conditions</li><li>[48:38] Using trading windows, time away and mindfulness to keep focused during the trading day</li><li>[52:10] The Eddie Question: What’s your favorite saying and why?</li></ul>Be sure to catch up with Tim through <a href="https://eminimind.com/" rel="nofollow" target="_blank">Eminimind.com</a> or find him on <a href="https://twitter.com/EminiMind" rel="nofollow" target="_blank">Twitter</a>, <a href="https://www.facebook.com/EminiMind/" rel="nofollow" target="_blank">Facebook</a> and <a href="https://www.youtube.com/user/EminiMind" rel="nofollow" target="_blank">YouTube</a> @eMiniMind.  Limit Up! is a podcast for traders of all levels brought to you by <a href="https://www.topsteptrader.com/?utm_source=limitup_podcast&amp;utm_medium=cta&amp;utm_campaign=ongoing_limitup_to_tst&amp;utm_content=limitup_podcast" rel="nofollow" target="_blank">Topstep</a>. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. <a href="https://www.topstep.com/risk-disclosure/" rel="nofollow" target="_blank">Risk Disclosure: https://www.topstep.com/risk-disclosure/</a> If you'd like to receive new episodes as they're published, please subscribe to Limit up! in <a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank">Apple Podcasts</a>, <a href="https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw" rel="nofollow" target="_blank">Google Podcasts</a>, <a href="https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ" rel="nofollow" target="_blank">Spotify</a> or <a href="https://feeds.transistor.fm/limit-up" rel="nofollow" target="_blank">wherever you get your podcasts</a>. If you enjoyed this episode, please consider leaving a review in <a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank">Apple Podcasts</a>. It really helps others find the show. <a href="https://www.dante32.com/" rel="nofollow" target="_blank">Podcast episode production by Dante32.</a>

Setting Realistic Expectations and Maintaining Focus in Trading - Tim Racette

Larry Benedict

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 trading[41:57] The scariest trade he ever made  Follow @opptrader1 to learn more OpportunisticTrader.com, where Larry and other prominent traders share real-time trade ideas and insights.Limit Up! is a podcast for traders of all levels brought to you by Topstep. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.

In this Limit Up Rewind, Larry Benedict, trader and founder of <a href="http://OpportunisticTrader.com" rel="nofollow" target="_blank">OpportunisticTrader.com</a>, 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:<ul><li>[03:49] How he got started on the floor of the CBOE</li><li>[07:32] What made him think he could be a good trader</li><li>[10:46] Why discipline and management are critical to success</li><li>[12:43] What advice would he give to himself as a young trader</li><li>[15:42] How he developed his “2% Rule”</li><li>[20:32] The value of ‘collecting base hits’ versus ‘swinging for the fence’ in trading</li><li>[22:50] How to know when you have a market that matches your trading style</li><li>[26:00] The danger of having a gambler's mentality</li><li>[31:09] Creating <a href="http://OpportunisticTrader.com" rel="nofollow" target="_blank">OpportunisticTrader.com</a></li><li>[40:04] His best piece of advice for someone getting started in electronic trading</li><li>[41:57] The scariest trade he ever made  </li></ul>Follow <a href="https://twitter.com/opptrader1" rel="nofollow" target="_blank">@opptrader1</a> to learn more <a href="https://opportunistictrader.com/" rel="nofollow" target="_blank">OpportunisticTrader.com</a>, where Larry and other prominent traders share real-time trade ideas and insights. Limit Up! is a podcast for traders of all levels brought to you by <a href="https://www.topsteptrader.com/?utm_source=limitup_podcast&amp;utm_medium=cta&amp;utm_campaign=ongoing_limitup_to_tst&amp;utm_content=limitup_podcast" rel="nofollow" target="_blank">Topstep</a>. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. <a href="https://www.topstep.com/risk-disclosure/" rel="nofollow" target="_blank">Risk Disclosure: https://www.topstep.com/risk-disclosure/</a> If you'd like to receive new episodes as they're published, please subscribe to Limit up! in<a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank"> Apple Podcasts</a>,<a href="https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw" rel="nofollow" target="_blank"> Google Podcasts</a>,<a href="https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ" rel="nofollow" target="_blank"> Spotify</a> or<a href="https://feeds.transistor.fm/limit-up" rel="nofollow" target="_blank"> wherever you get your podcasts</a>. If you enjoyed this episode, please consider leaving a review in<a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank"> Apple Podcasts</a>. It really helps others find the show. <a href="https://www.dante32.com/" rel="nofollow" target="_blank">Podcast episode production by Dante32.</a>

REWIND: Building a 20 Year Constant Profit Streak with Larry Benedict

“When we get into these very emotion-driven markets like this. You have to buy the rumor, sell the news.” – Tim RacetteEven 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[29:55] - Reading order flow[32:06] - The distilled philosophy of EminiMind[38:17] - Pain is good[42:19] - Accepting risk[47:39] - What Tim loves most about trading[50:23] - Topstep Quarantine DiariesTim Racette is a trader and the founder of Eminimind.com. On Eminimind, Tim offers education and tips so that learners can become successful, full-time traders.Limit Up! is a podcast for traders of all levels brought to you by 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep.Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap.If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.

“When we get into these very emotion-driven markets like this. You have to buy the rumor, sell the news.” – Tim RacetteEven 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.<ul><li>[00:15] - This week: Tim Racette</li><li>[01:38] - Market reaction</li><li>[07:54] - Interview with Tim Racette</li><li>[08:26] - How Tim started EminiMind</li><li>[09:51] - Ignore the floor</li><li>[11:12] - Design studies</li><li>[12:24] - Migrating between swing and day trading</li><li>[19:51] - Emotion-driven markets</li><li>[24:04] - Position size</li><li>[25:55] - Make trading work with your lifestyle</li><li>[29:55] - Reading order flow</li><li>[32:06] - The distilled philosophy of EminiMind</li><li>[38:17] - Pain is good</li><li>[42:19] - Accepting risk</li><li>[47:39] - What Tim loves most about trading</li><li>[50:23] - <a href="https://www.youtube.com/channel/UCTDYMpdFhZU6Ivf3F2AEVUQ" rel="noopener noreferrer nofollow" target="_blank">Topstep Quarantine Diaries</a></li></ul><a href="https://www.linkedin.com/in/timracette/" rel="noopener noreferrer nofollow" target="_blank">Tim Racette</a> is a trader and the founder of <a href="https://eminimind.com/" rel="noopener noreferrer nofollow" target="_blank">Eminimind.com</a>. On Eminimind, Tim offers education and tips so that learners can become successful, full-time traders.Limit Up! is a podcast for traders of all levels brought to you by <a href="https://www.topsteptrader.com/" rel="noopener noreferrer nofollow" target="_blank">TopstepTrader</a>. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. <a href="https://www.topstep.com/risk-disclosure/" rel="noopener noreferrer nofollow" target="_blank">Risk Disclosure: https://www.topstep.com/risk-disclosure/</a>Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep.Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap.If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in <a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="noopener noreferrer nofollow" target="_blank">Apple Podcasts</a>, <a href="https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw" rel="noopener noreferrer nofollow" target="_blank">Google Podcasts</a>, <a href="https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ" rel="noopener noreferrer nofollow" target="_blank">Spotify</a> or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in <a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="noopener noreferrer nofollow" target="_blank">Apple Podcasts</a>. It really helps others find the show.<a href="https://www.dante32.com/" rel="noopener noreferrer nofollow" target="_blank">Podcast episode production by Dante32.</a>

The Benefits of Swing Trading Amidst Market Volatility with Tim Racette

Jack Pelzer

Dan Hodgman

John Doherty

This week on Limit Up! we’re getting back to the basics and taking a look at the habits and attributes of top traders. Jack, Dan, and John are on mic this week sharing some of their observations from their lives on the trading floor.Listen in to find out why your P&amp;L monitor is just a distraction, why the best traders are first to arrive and last to leave, and have an ultra-compulsive work ethic (we didn’t say all the traits are healthy). We’re also announcing the winners of the listener survey and sharing some of the feedback we’ve received.If you’ve been wondering how you can improve your trading game, tune in and take notes![00:16] - This week: Jack, Dan, and John "The Dancing Bear" Doherty[02:08] - Lessons of highly effective traders[06:09] - Final five listener survey winners announcement![08:30] - Ultra-compulsive commitment[11:27] - Process over profits[17:34] - Smart Losses[22:11] - Assessing risk like a poker player[25:54] - Always looking for a good deal[29:05] - Confidence not hubris[33:59] - Listener survey feedback Limit Up! is a podcast for traders of all levels brought to you by Topstep. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.

This week on Limit Up! we’re getting back to the basics and taking a look at the habits and attributes of top traders. Jack, Dan, and John are on mic this week sharing some of their observations from their lives on the trading floor. Listen in to find out why your P&amp;L monitor is just a distraction, why the best traders are first to arrive and last to leave, and have an ultra-compulsive work ethic (we didn’t say all the traits are healthy). We’re also announcing the winners of the listener survey and sharing some of the feedback we’ve received. If you’ve been wondering how you can improve your trading game, tune in and take notes!<ul><li>[00:16] - This week: Jack, Dan, and John "The Dancing Bear" Doherty</li><li>[02:08] - Lessons of highly effective traders</li><li>[06:09] - Final five listener survey winners announcement!</li><li>[08:30] - Ultra-compulsive commitment</li><li>[11:27] - Process over profits</li><li>[17:34] - Smart Losses</li><li>[22:11] - Assessing risk like a poker player</li><li>[25:54] - Always looking for a good deal</li><li>[29:05] - Confidence not hubris</li><li>[33:59] - Listener survey feedback</li></ul> Limit Up! is a podcast for traders of all levels brought to you by <a href="https://www.topsteptrader.com/?utm_source=limitup_podcast&amp;utm_medium=cta&amp;utm_campaign=ongoing_limitup_to_tst&amp;utm_content=limitup_podcast" rel="nofollow" target="_blank">Topstep</a>. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. <a href="https://www.topstep.com/risk-disclosure/" rel="nofollow" target="_blank">Risk Disclosure: https://www.topstep.com/risk-disclosure/</a> If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in <a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank">Apple Podcasts</a>, <a href="https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw" rel="nofollow" target="_blank">Google Podcasts</a>, <a href="https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ" rel="nofollow" target="_blank">Spotify</a> or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in <a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank">Apple Podcasts</a>. It really helps others find the show. <a href="https://www.dante32.com/" rel="nofollow" target="_blank">Podcast episode production by Dante32.</a>

Lessons of Highly Effective Traders with Jack Pelzer, Dan Hodgman, and John Doherty

Robert Greifeld

You know Nasdaq to be a multi-billion dollar, global exchange, but it wasn’t always that way. In 2003, Nasdaq made an out-of-the-box hire with Bob Greifeld. Bob then oversaw the digital revolution of trading as well as steered the Nasdaq to become the behemoth it is today.Bob joined Jeff on this week’s episode of Limit Up! to discuss his time at Nasdaq, the importance of creating the right company culture, and Bob’s predictions for the future of trading. Hint: he likes crypto. Bob also shares his advice for rookie traders just starting out and discusses his new book, Market Mover. Stay tuned for this week’s MARKet Reactions.[00:28] - This week: Bob Greifeld[01:25] - Market reaction[02:29] - Jeff Carter interview with Bob Greifeld[03:24] - Becoming the CEO of Nasdaq during the aftermath of the dot-com bubble[09:06] - Changing the culture of Nasdaq[11:21] - Updating the battleship[13:53] - Changing the industry with rapid deployment[16:47] - Mutualized clearing[18:10] - Attracting liquidity providers to make tight spreads[19:32] - Launching a price-size market model[22:69] - Leaving Nasdaq[26:57] - Corporate venture[31:37] - Removing cross-currency friction with cryptocurrency[34:20] - Adoption of a cashless society[36:10] - Trade by appointment[38:43] - The psychological effect of WeWork on markets[44:16] - Advice for rookie tradersRobert (Bob) Greifeld is the Chairman of Virtu Financial and was the CEO of Nasdaq from 2003 to 2016. Bob led the Nasdaq from a valuation of $500 million to over $12 billion during his tenure. Mr. Greifeld is a member of the Economic Club of New York and the NYU Stern Board of Overseers. He is Founder and Chairman of the USA Track &amp; Field Foundation, which supports emerging athletes and inner-city youth athletics. His new book, Market Mover, details his time leading the Nasdaq.This episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at West Loop Ventures. In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by Topstep. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.

You know Nasdaq to be a multi-billion dollar, global exchange, but it wasn’t always that way. In 2003, Nasdaq made an out-of-the-box hire with Bob Greifeld. Bob then oversaw the digital revolution of trading as well as steered the Nasdaq to become the behemoth it is today. Bob joined Jeff on this week’s episode of Limit Up! to discuss his time at Nasdaq, the importance of creating the right company culture, and Bob’s predictions for the future of trading. Hint: he likes crypto. Bob also shares his advice for rookie traders just starting out and discusses his new book,<a href="https://www.amazon.com/Market-Mover-Lessons-Decade-Change-ebook/dp/B07NCY3359" rel="nofollow" target="_blank"> Market Mover</a>. Stay tuned for this week’s MARKet Reactions.<ul><li>[00:28] - This week: Bob Greifeld</li><li>[01:25] - Market reaction</li><li>[02:29] - Jeff Carter interview with Bob Greifeld<ul><li>[03:24] - Becoming the CEO of Nasdaq during the aftermath of the dot-com bubble</li><li>[09:06] - Changing the culture of Nasdaq</li><li>[11:21] - Updating the battleship</li><li>[13:53] - Changing the industry with rapid deployment</li><li>[16:47] - Mutualized clearing</li><li>[18:10] - Attracting liquidity providers to make tight spreads</li><li>[19:32] - Launching a price-size market model</li><li>[22:69] - Leaving Nasdaq</li><li>[26:57] - Corporate venture</li><li>[31:37] - Removing cross-currency friction with cryptocurrency</li><li>[34:20] - Adoption of a cashless society</li><li>[36:10] - Trade by appointment</li><li>[38:43] - The psychological effect of WeWork on markets</li><li>[44:16] - Advice for rookie traders</li></ul></li></ul>Robert (Bob) Greifeld is the Chairman of Virtu Financial and was the CEO of Nasdaq from 2003 to 2016. Bob led the Nasdaq from a valuation of $500 million to over $12 billion during his tenure. Mr. Greifeld is a member of the Economic Club of New York and the NYU Stern Board of Overseers. He is Founder and Chairman of the USA Track &amp; Field Foundation, which supports emerging athletes and inner-city youth athletics. His new book,<a href="https://www.amazon.com/Market-Mover-Lessons-Decade-Change-ebook/dp/B07NCY3359" rel="nofollow" target="_blank"> Market Mover</a>, details his time leading the Nasdaq. This episode of Limit Up! is hosted by <a href="https://www.linkedin.com/in/jeffreyrcarter/" rel="nofollow" target="_blank">Jeff Carter</a>. Jeff is a general partner at <a href="https://www.westloopventures.com/" rel="nofollow" target="_blank">West Loop Ventures</a>. In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by <a href="https://www.topsteptrader.com/?utm_source=limitup_podcast&amp;utm_medium=cta&amp;utm_campaign=ongoing_limitup_to_tst&amp;utm_content=limitup_podcast" rel="nofollow" target="_blank">Topstep</a>. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. <a href="https://www.topstep.com/risk-disclosure/" rel="nofollow" target="_blank">Risk Disclosure: https://www.topstep.com/risk-disclosure/</a> If you'd like to receive new episodes as they're published, please subscribe to Limit up! in<a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank"> Apple Podcasts</a>,<a href="https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw" rel="nofollow" target="_blank"> Google Podcasts</a>,<a href="https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ" rel="nofollow" target="_blank"> Spotify</a> or<a href="https://feeds.transistor.fm/limit-up" rel="nofollow" target="_blank"> wherever you get your podcasts</a>. If you enjoyed this episode, please consider leaving a review in<a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank"> Apple Podcasts</a>. It really helps others find the show. <a href="https://www.dante32.com/" rel="nofollow" target="_blank">Podcast episode production by Dante32.</a>

Former NASDAQ CEO Robert Greifeld talks Crypto, Liquidity, & Trading Advice

James Koutoulas

In 2011, MF Global went bankrupt, destroying the livelihoods of thousands of people. James Koutoulas, CEO of Typhon Capital Management, co-founded the Commodity Customer Coalition and set to work helping customers of MF Global get their money back. James joined Jeff for this week’s episode of Limit Up!Tune in to learn how Typhon Capital Management operates, why James believes traders need to be process-oriented, and how he was able to lead a large customer suit with virtually no experience.  [00:41] - This week: James Koutoulas[01:35] - Listener survey[02:27] - Market reaction[07:31] - Jeff Carter interview with James Koutoulas[08:35] - Futures over equities[09:10] - Screening process[11:59] - Becoming a candidate[13:12] - Qualified eligible participants[15:10] - Getting money out[16:25] - Due diligence[18:04] - Crypto diligence[20:49] - Smarter than the algorithms[22:07] - Commodity Customer Coalition &amp; Corzine[36:21] - Getting CCC off the ground[52:36] - The media angle[54:19] - Non-partisan prosecution James L. Koutoulas, Esq. is the CEO of Typhon Capital Management, which he founded in 2008. Typhon is a deconstructed multi-strategy trading firm, where managers can focus only on trading under an umbrella of unified operations, compliance, and risk management. He co-founded the Commodity Customer Coalition, a non-profit customer advocacy organization, in response to the MF Global bankruptcy. James is the President and lead attorney for the CCC.This episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at West Loop Ventures. In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by Topstep. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/If you'd like to receive new episodes as they're published, please subscribe to  Limit Up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.

In 2011, MF Global went bankrupt, destroying the livelihoods of thousands of people. <a href="https://www.linkedin.com/in/jameskoutoulas" rel="nofollow" target="_blank">James Koutoulas</a>, CEO of <a href="https://typhoncap.com/" rel="nofollow" target="_blank">Typhon Capital Management</a>, co-founded the Commodity Customer Coalition and set to work helping customers of MF Global get their money back. James joined Jeff for this week’s episode of Limit Up! Tune in to learn how Typhon Capital Management operates, why James believes traders need to be process-oriented, and how he was able to lead a large customer suit with virtually no experience.  <ul><li>[00:41] - This week: James Koutoulas</li><li>[01:35] - Listener survey</li><li>[02:27] - Market reaction</li><li>[07:31] - Jeff Carter interview with James Koutoulas<ul><li>[08:35] - Futures over equities</li><li>[09:10] - Screening process</li><li>[11:59] - Becoming a candidate</li><li>[13:12] - Qualified eligible participants</li><li>[15:10] - Getting money out</li><li>[16:25] - Due diligence</li><li>[18:04] - Crypto diligence</li><li>[20:49] - Smarter than the algorithms</li><li>[22:07] - Commodity Customer Coalition &amp; Corzine</li><li>[36:21] - Getting CCC off the ground</li><li>[52:36] - The media angle</li><li>[54:19] - Non-partisan prosecution </li></ul></li></ul><a href="https://www.linkedin.com/in/jameskoutoulas" rel="nofollow" target="_blank">James L. Koutoulas</a>, Esq. is the CEO of <a href="https://typhoncap.com/" rel="nofollow" target="_blank">Typhon Capital Management</a>, which he founded in 2008. Typhon is a deconstructed multi-strategy trading firm, where managers can focus only on trading under an umbrella of unified operations, compliance, and risk management. He co-founded the Commodity Customer Coalition, a non-profit customer advocacy organization, in response to the MF Global bankruptcy. James is the President and lead attorney for the CCC. This episode of Limit Up! is hosted by <a href="https://www.linkedin.com/in/jeffreyrcarter/" rel="nofollow" target="_blank">Jeff Carter</a>. Jeff is a general partner at <a href="https://www.westloopventures.com/" rel="nofollow" target="_blank">West Loop Ventures</a>. In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.Limit Up! is a podcast for traders of all levels brought to you by <a href="https://www.topsteptrader.com/?utm_source=limitup_podcast&amp;utm_medium=cta&amp;utm_campaign=ongoing_limitup_to_tst&amp;utm_content=limitup_podcast" rel="nofollow" target="_blank">Topstep</a>. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. <a href="https://www.topstep.com/risk-disclosure/" rel="nofollow" target="_blank">Risk Disclosure: https://www.topstep.com/risk-disclosure/</a> If you'd like to receive new episodes as they're published, please subscribe to  Limit Up! in <a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank">Apple Podcasts</a>, <a href="https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw" rel="nofollow" target="_blank">Google Podcasts</a>, <a href="https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ" rel="nofollow" target="_blank">Spotify</a> or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in <a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank">Apple Podcasts</a>. It really helps others find the show. <a href="https://www.dante32.com/" rel="nofollow" target="_blank">Podcast episode production by Dante32.</a>

The Man Who Took on MF Global with James Koutoulas of Typhon Capital Management

Tony Saliba

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 Targets[33:42] Picking a Strategy[38:32] Discipline in Trading[43:52] 70 Months of Six Figure Trading Profits Check out Tony on Twitter @ajsmarketwizardLimit Up! is a podcast for traders of all levels brought to you by Topstep. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.

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:<ul><li>[03:20] Getting a Start as a Caddy and Accountant</li><li>[09:25] Gaining 50% and Losing 80%</li><li>[19:07] Doing Homework</li><li>[21:10] Perfect Practice Makes Perfect</li><li>[23:00] Mentorship in Trading</li><li>[27:56] Goal Setting for Intended Targets</li><li>[33:42] Picking a Strategy</li><li>[38:32] Discipline in Trading</li><li>[43:52] 70 Months of Six Figure Trading Profits </li></ul>Check out Tony on Twitter<a href="https://twitter.com/AnnieDuke" rel="nofollow" target="_blank"> </a><a href="https://twitter.com/ajsmarketwizard?lang=en" rel="nofollow" target="_blank">@ajsmarketwizard</a> Limit Up! is a podcast for traders of all levels brought to you by <a href="https://www.topsteptrader.com/?utm_source=limitup_podcast&amp;utm_medium=cta&amp;utm_campaign=ongoing_limitup_to_tst&amp;utm_content=limitup_podcast" rel="nofollow" target="_blank">Topstep</a>. 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 financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. <a href="https://www.topstep.com/risk-disclosure/" rel="nofollow" target="_blank">Risk Disclosure: https://www.topstep.com/risk-disclosure/</a> If you'd like to receive new episodes as they're published, please subscribe to Limit up! in <a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank">Apple Podcasts</a>, <a href="https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw" rel="nofollow" target="_blank">Google Podcasts</a>, <a href="https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ" rel="nofollow" target="_blank">Spotify</a> or <a href="https://feeds.transistor.fm/limit-up" rel="nofollow" target="_blank">wherever you get your podcasts</a>. If you enjoyed this episode, please consider leaving a review in <a href="https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2" rel="nofollow" target="_blank">Apple Podcasts</a>. It really helps others find the show. <a href="https://www.dante32.com/" rel="nofollow" target="_blank">Podcast episode production by Dante32.</a>

REWIND: Strategizing for Your Intended Targets with Tony Saliba

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