Chat With Traders

This weeks guest is a little different to many of the guests I’ve had on in the past. Instead of giving very little weight to fundamentals and news releases, these two things actually form the foundation for his trading approach. In fact, he almost disregards charts altogether, and he relates the reason for this to his background in accounting and finance.John Welsh has been a full time trader for over 10 years and he’s racked up millions of dollars in profits along the way.His trading consists of both intraday and swing trading, and he concentrates mainly on Biotech stocks, making roughly 90% of his trades within this sector.Now that I’ve given you the 1,000 ft view on John’s trading journey, here he is to fill in the blanks, and give us a lot more depth around his approach. Learn more about your ad choices. Visit megaphone.fm/adchoices

Like many who get into trading, Jason had no formal education in the field. Actually, prior to trading full time he was waiting tables in a restaurant and bartending.This is where he began swing trading and to this day, Jason is still primarily a swing trader. Riding trends anywhere from a few days or a few weeks, sometimes it's even a matter of months when his aim is to take out a large chunk of the move. Ultimately the market environment dictates his holding time.This is somewhat similar to the way I like to trade, so I found many of the answers Jason gives out during this interview to be particularly interesting, and I'm sure you will too. Regardless of the time-frame you trade.Also, in the later part of this interview, Jason shares a story about the wildly successful independent traders he's met, and the one standout trait they all have in common. Which is again, really insightful.Q + A: If you would like to ask Jason a question and get a few pointers - drop a comment at the bottom of chatwithtraders.com/jason and he'll respond to you with an answer. Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s almost unfathomable to think that there was a time when it would take a couple minutes to execute an order. And now days we have traders taking extreme measures, just to get filled a nanosecond quicker than the next participant.But for this weeks guest Tim Biggam, that was the reality when he first entered the world of trading during 1985. And that entrance was straight onto the floor of the CBOE.Just a couple years into his journey, Tim experienced the full force of the infamous 1987 crash. While he survived, and was still in good shape to trade the following day, this gave him a true appreciation for the importance of correct position sizing, after seeing so many traders get wiped out. Tim really goes into the topic of position sizing and why it is absolutely vital to get it right during the later part of this interview, so make sure to stay tuned in.Additionally, Tim does a great job of explaining some of the terminology associated with options, how he uses scanning technology to generate trade ideas, and a whole lot more.TAKE NOTE: Tim will be keeping a close eye on the comments at http://chatwithtrader.com/tim – so be sure to leave a question you would like him to answer! Learn more about your ad choices. Visit megaphone.fm/adchoices

Joel Kruger has been involved with foreign exchange since the very beginning of his career in investment banking as a currency strategist. This was after he came to the realization that he wasn’t cut out for law school.But now days Joel is in the trenches as a self funded Forex trader, who has pushed on through many failures and created a tremendous lifestyle for himself, and his family.Also it’s worth mentioning. Even if you’re not a Forex trader, Joel has a bunch of really good psychology tips that he shares throughout this interview.And a special thanks to the guys who submitted questions over Twitter before this interview, Joel does a great job of answering these. So hit the play button, and start listening… Learn more about your ad choices. Visit megaphone.fm/adchoices

With an involvement in trading since his early twenties, and a background in mathematics and computer programming, it was a natural progression that this weeks guest would adapt a completely algorithmic trading approach.My friends, I would like you to meet Ilan Azbel.Ilan joins us to discuss algorithmic trading, and share some insights on a side of trading that is unfamiliar territory to many, especially in the retail space.While we spoke for close to an hour, in the scheme of things, we only just managed to scratch the surface. But all in all, I think you'll find this really interesting and enough to get you curious (and maybe even excited) about the possibilities of algorithmic trading. Learn more about your ad choices. Visit megaphone.fm/adchoices

Let me introduce you to, Lance Beggs - a price action trader that is a little different to most...While he relies on technicals to a certain degree, his edge comes from the ability to adapt the mindset of other participants and gauge entries based on their fear. Lance refers to this as the metagame, which he breaks down in much greater detail during the interview.Lance also goes into how he controls tight stops, and uses an aggressive risk management strategy to trade without fear. Plus, this segment includes some great tips on how to nail the re-entry, that many traders struggle with, mainly due to psychology reasons.TAKE NOTE: Lance will be keeping a close eye on the comments - so go to chatwithtraders.com/lance and leave a question you would like him to answer! Learn more about your ad choices. Visit megaphone.fm/adchoices

Just like the majority of those who make it, Adam will not hesitate to tell you, he was no overnight success. He went through the same struggles and faced the same challenges that many of us can relate to.However, the one thing that set Adam apart was the fact he never gave up. And it was that determination and perseverance that landed him in the hot seat with a trading mentor, who was able to steer him in the right direction.Jumping forward a few years Adam has forged his own method for success, and actively trades Crude Oil, Gold, and the S&P 500 futures.During this interview you will hear about his journey on a much deeper level, and you’ll pick up many great pointers, especially around the topic of setting goals and how to actually achieving them. Learn more about your ad choices. Visit megaphone.fm/adchoices

On the other hand, if you’re already somewhat familiar, then I can promise that you will learn a whole lot more and really benefit from this weeks guest – Zach Hurwitz…An independent equities trader, trading coach, systems developer, consultant to emerging hedge funds and proprietary trading firms, and VWAP mastermind.For Zach, VWAP forms the lifeline of his trading, and for good reason, this indicator is heavily relied on by many institutional and algorithmic traders.Over the next two hours (yes, two hours!) Zach delivers a thought-provoking introduction to VWAP. And shares many insights around his trading philosophies, psychology pointers, and what it takes to code a trading system.TAKE NOTE: Zach is offering a 30 minute one-on-one coaching session at no cost, exclusively to listeners of Chat With Traders. Listen to the full interview, for details on how to take him up on this generous offer. Learn more about your ad choices. Visit megaphone.fm/adchoices

It was early 2012 when he first ventured into the jungle of penny stocks. After catching on to how these markets operated and understood the manipulation, he certainly mastered a few setups that paid him generously over and over again. Eventually he hit a few limitations, and now he's predominantly a short-seller of NASDAQ stocks, which makes for an interesting segment during this interview.He is undoubtedly one guy you should pay close attention to, and his name is Tim Grittani, aka @KroyRunner89.Looking back, Tim has now pinpointed the 5 key factors that have contributed to the majority of his success to date, and breakdowns each of them over the next 40+ minutes.Plus, you'll also hear about the events that lead up to his gigantic single trade loss of $290,000 during October last year. This will give you a great appreciation of just how bad things can get when you go against your trading rules. Because as you'll hear when the ongoing problem surfaced, it got ugly - real quick!Important: This is now one of your last chances to ENTER OUR MASSIVE GIVEAWAY at http://chatwithtraders.com/giveaway Learn more about your ad choices. Visit megaphone.fm/adchoices

Folks, meet Peter Zhang.A Major in Quantitative Finance who was once without a home, dirt poor and had the odds stacked against him. But with a point to prove and the hustlers ambition, he chased down a mentor who would carefully show him the ropes, and gradually transform him into a trader who could make smart decisions, and smart trades.After spending his last dollar on a plane ticket to Las Vegas to attend a trading conference, he got in the ear of Anand ‘Lucci’ Sanghvi (EP 008), and convinced him that starting a hedge fund would be a wise idea.Fast forward a few years, Peter now leads the hedge fund operations at Sang Lucci Capital Partners, including a completely automated high frequency trading fund. And has a mind-blowing understanding of market structure, as you are about to witness.But before you do anything else, be sure to ENTER OUR MASSIVE GIVEAWAY at chatwithtraders.com/giveaway. Learn more about your ad choices. Visit megaphone.fm/adchoices