Surviving the Chicago Trading Pits

Tim Furey went from surviving the high-intensity floor trading pits of the Chicago Board of Trade to surviving a near-fatal medical emergency, ultimately building TradeView Markets into a global financial brokerage.
After getting his start as Merrill Lynch's youngest commodity broker hire in nearly four decades, Tim risked everything to move to Chicago and learn the craft of floor trading. Through grueling pit battles, he learned the ultimate lesson in market survival: mastering defense and managing risk above all else. Years later, while running his firm and raising a family, Tim survived a sudden medical crisis where doctors gave him a 5% chance of living, an experience that further cemented his relentless drive, resilience, and vision as a leader.
In this conversation, Tim breaks down his "hungry dogs run faster" mindset, the lost art of pit trading, why defense creates offense in the markets, and how he turned adversity into fuel to build a global financial services brand.

In this episode, we explore:
• Lessons learned from legendary mentor Jeff Stoutland ("Hungry dogs run faster")
• Becoming Merrill Lynch’s youngest commodity broker hire in nearly 40 years
• Survival in the Chicago Board of Trade pits and the concept of the "power of the lean"
• Why risk management and learning how to lose are the keys to long-term trading survival
• Transitioning from prop trading to launching TradeView Markets
• How a near-fatal medical emergency and a 5% chance of survival reshaped his life and mindset

About Tim Furey:
Tim Furey is the Founder and CEO of TradeView Markets, a global multi-asset brokerage serving traders worldwide. Beginning his career in Merrill Lynch’s Futures Division, Tim went on to trade on the floors of the Chicago Board of Trade before transitioning to proprietary trading and entrepreneurship. Known for his resilient leadership and commitment to continuous improvement, Tim leads TradeView Markets while actively supporting amateur sports initiatives, including women's rugby in the Cayman Islands.

Links + Resources:
LinkedIn: https://www.linkedin.com/in/timfurey/
Instagram: https://www.instagram.com/timfurey.ceo/
Facebook: https://www.facebook.com/timfureyofficial/
Website: https://www.tradeviewmarkets.com/en/



Tim’s Book Recommendations:
How to Win Friends and Influence People by Dale Carnegie: https://www.amazon.com/dp/0671027034
Reminiscences of a Stock Operator by Edwin Lefèvre: https://www.amazon.com/dp/0471059706
The Magic of Thinking Big by David J. Schwartz: https://www.amazon.com/dp/0671646788
Think and Grow Rich by Napoleon Hill: https://www.amazon.com/dp/1585424331
The Education of a Bodybuilder by Arnold Schwarzenegger: https://www.amazon.com/dp/0671797484

Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com


Time Stamps:
Please note: Exact times will vary depending on current ads.
00:00 Why Defense, Not Offense, Makes You a Profitable Trader 04:10 The Mindset You Need To Have 08:06 Talking About My Mentors “Hungry Dogs Run Faster” 12:38 How Do You Stay Hungry When Your In Success
16:58 Being A Trader In Chicago Board Of Trade
21:11 The Power Of The Lean
26:06 Defense Turn Into Offense
31:23 The Trader’s Gut
33:48 Starting Tradeview Markets
35:46 My First Ever Trade In High School
41:10 What Do You See In Traders That Make Them Last?
45:31 Which Markets Has The Highest Success?
50:44 How Do You Identify Top Performers?
55:23 Going Into A Coma
01:04:03 Giving Back To People
01:06:51 What’s One Of Your Best Trade?
01:08:45 Your Worst Trade?
01:10:05 What Advice Do You Give To Traders?
01:13:49 Book You Recommend To Traders
01:16:26 What Lesson I’ve Learned In Trading
01:17:29 Where Can Traders Find You?
Trading Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit megaphone.fm/adchoices