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Trading Education Posted by Team Topstep March 25, 2021

Assessing Your Trading Strategy

Do you know what conditions you work best under? Do you know your weaknesses? These questions will help guide your trading strategy so that you work smarter, not harder. Jack and Dan are discussing trading assessments and sharing their personal strengths and weaknesses. Listen to the episode and do some journaling to find what works best for you.



Full Show Notes

Most novice traders want to know the stats of more experienced traders. However, a better question to ask yourself is, “What are my personal strengths and weaknesses?”

If you know the conditions under which you thrive and what makes you tick, you will be more successful. This is called SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) in the business world.

This week on Limit Up! Podcast, Jack and Dan share their personal strengths and weaknesses to help you better reflect on your own. They discuss why hard times make hard people and why you need to know your reason for trading. Stay tuned for a discussion on the ongoing GameStop saga.

  • (05:06) – Trading in the moment
  • (13:08) – Kevin Garnett
  • (13:29) – Understanding macro forces
  • (18:42) – Breakouts off the open
  • (20:31) – Outright futures
  • (24:09) – Desire for more
  • (29:22) – FOMO
  • (35:56) – SWOT charts


About Limit Up!

Limit Up! is a podcast brought to you by Topstep about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure:


Topstep is the premiere funding opportunity for traders looking to make the most market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012.

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.

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.