Chat With Traders

Tom Basso shares his journey in finding the right balance between risk and reward in the financial markets. He discusses his experience predicting and surviving the 1987 market crash, strategies for handling drawdowns and market conditions, and the relationship between economics and trading. Basso also emphasizes the importance of blending different strategies, managing positions, and using indicators to adjust for inflation and increased volatility.

This podcast explores what keeps traders in the game, touching on motivations, overcoming obstacles, trading strategies, learning from failure, and the significance of habits and health in trading.

Guest Rob Hanna, a discretionary trader, shares his journey of developing a system to reduce anxiety and drawdowns in trading. He discusses the importance of quantitative analysis, market bias, and the challenges faced by quants. The podcast also explores the impact of Fed Days on the stock market, analyzing indicators like RSI, and the significance of CVI readings and VIX levels. Additionally, it highlights the next steps in quant trading and emphasizes the importance of testing trading ideas.

Experienced trader Bryan Holdford shares his journey from early losses to finding success in trading. They discuss the importance of loss control, the lack of support in trading, and the psychology of the market. They reflect on early trading experiences and lessons learned. They also touch on the live trading room, loss control strategies, position sizing and deployment, and the importance of being open-minded and avoiding confirmation bias.

Dan McDermitt, an experienced investor, dives into the correlations between stocks in the marijuana sector and applies this knowledge to large cap stocks, Commodities, and Crypto across different time frames. He discusses the importance of mental flexibility in trading and identifying both Bull and Bear signs. The podcast also delves into analyzing different timeframes in trading, identifying bubble markets, the role of social media in trading, and the correlations between Dollar, Gold, and Crypto. The speaker emphasizes the significance of understanding one's thoughts and emotions in trading and finding balance for sustainability.

Guest Mark Bennell, a private trader with 15 years of full-time trading experience, discusses the importance of treating trading as a business. He shares his early trading strategies, challenges faced, and the need for discipline. They explore why trading is not taken seriously and emphasize the importance of creating trading plans and routines. The concept of SWOT analysis is discussed, along with current trading strategies and struggles. Mark also shares his contact information for trading workshops.

Guest Peter Stolcers shares his journey from trading pits to successful trader, emphasizing the importance of understanding market conditions. Analyzing stock behavior in both bull and bear markets is discussed, along with the significance of market reactions and technical analysis. The responsible use of options and conservative trading strategies are explored, providing valuable insights for traders.

Growing up poor in the Philippines, Gabriel sought a way to supplement his income. Dealing with the emotional challenges of giving up his profits in his long-term positions, he switched to trading to have a sense of greater control of the outcome. Starting out using many technical indicators, he later switched to just price action as it gave less false signals. After blowing up several accounts, he honed his skills to become the winner of the 21-Day Trading Challenge Contest inside the Chat with Traders Community and become a funded trader. Learn more about your ad choices. Visit megaphone.fm/adchoices

Seeking financial opportunities overseas just before the Great Financial Crises, Andres Granger was motivated to learn how to trade after falling victim to a Ponzi-like trading scheme. He worked hard and diligently studied order flow and scalping while trading Futures in different markets. Later, he was introduced to crypto through a prop firm, where he honed his skills to exploit large market inefficiencies through market neutral trading. Emboldened by these incredible opportunities, Andres then went on to create a crypto strategy fund.He’s the Co-founder and Head of Trade and Strategy Development at Active Digital Funds, one of the very few Crypto funds that runs all of their strategies fully automated, and one of the few audited crypto funds to make a positive return for clients in 2022. Recently, they won the award for Best Market Neutral Fund under $25m from HedgeWeek European Digital Asset Awards. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is a special episode of a recording of a recent discussion that occurred within the Chat With Traders Community on a Zoom call. The discussion centers around Henrik Johansson, a beginner fellow trader, who embarked on a journey to obtain funding from a proprietary trading firm within a 60-day timeframe. Patrick Petersson leads the conversation with Henrik. If you recall, Patrick was a guest on episode 260. Patrick and Henrik traded together during this period with the goal of helping Henrik to achieve the goal of getting funded. They provide an overview of these 60 days for the CWT Community and offer valuable insights. We learn about their process of selecting a suitable prop trading firm that catered to Henrik's requirements, strategies that helped him to overcome psychological barriers, factors behind Henrik's decision to modify his trading style, and the tools and indicators he incorporated in his trading practices, and about the three most significant lessons Henrik gained while trading alongside Patrick. This episode is especially enlightening for traders interested in the route of getting funded. Learn more about your ad choices. Visit megaphone.fm/adchoices