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Market News Posted by Team Topstep December 18, 2020

30 Years of Trading Insight with Greg Baird

Episode Summary:

In our last interview of the year, Dan speaks with Greg Baird, a longtime trader and friend of the show. The guys talk about all things trading, stocks, futures and options as well as what it’s like to answer the lure of the pit when you’re just getting started. But first, Jack and Dan break down the latest news from the market, the start of the COVID-19 vaccine rollout and… dead squids? All that and more on this week’s Limit Up! by Topstep.

Full Show Notes:

As we round into the holiday season at the Topstep office, Jack and Dan end the year strong with their last interview of the year. Greg Baird comes onto the show to break down all things stocks, futures, and options, as well as what it’s like to answer the lure of the pit when you’re just getting started. 

Greg talks about the importance of always making adjustments when you’re trading, getting into the rhythm but also creating distractions so you can enjoy the process. It’s not all about the money, after all. But first, Jack and Dan break down the latest news from the market, the start of the COVID-19 vaccine rollout, and…dead squids? All that and more on this week’s Limit Up! by Topstep.

  • (02:14) – Market reaction
  • (05:58) – Interview with Greg Baird
  • (06:36) – Getting to the pit
  • (09:34) – Last year was easier
  • (11:32) – Time decay
  • (12:43) – Leaving the floor
  • (14:33) – Limit Up! Episode #044 with Annie Duke
  • (16:31) – The stakes
  • (20:05) – In rhythm
  • (21:21) – Comparing crashes
  • (26:24) – Accessibility
  • (27:16) – Fair value focus
  • (29:08) – The scalping game
  • (31:27) – Creating a distraction
  • (34:54) – Retirement
  • (36:05) – Enjoying the process

 


What is Limit Up?

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/

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! Before 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 and is a regular on the Daily Market Recap.

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Podcast episode production by Dante32.