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Trading Education Posted by Team Topstep September 17, 2020

Dealing with Burnout as a Trader with Adam Boostrom

Episode Summary:

If trading is all you know but it’s no longer serving you, it can be hard to work up the courage to know when to call it quits. Today’s guest is Adam Boostrom, a former trader turned author. He discusses his life as a trader and what made him decide to leave it behind. He also shares his thoughts on what qualities make for a successful trader and offers a look at life beyond the pit.

Full Show Notes:

When you’re a trader, wins are fleeting, and hypervigilance is key to not losing money. This can create a high degree of stress and uncertainty. Adam Boostrom is a former trader turned author, investor, and startup founder. He sat down with Jack and Dan to discuss his life beyond the trading floor.

These days, Adam is following the Warren Buffet approach and focusing his time and energy on the things he’s most interested in. Listen for our latest market reaction and a discussion on knowing when it’s time to take a break.

  • (01:48) – Market Reaction
  • (05:10) – Interview with Adam Boostrom
  • (06:27) – Life of the night guy
  • (11:42) – Pushing what works
  • (14:26) – Measuring risk
  • (27:32) – The joy of storytelling
  • (32:27) – Athena’s Choice
  • (35:06) – Reusable logistics
  • (40:06) – After the prop firm
  • (45:56) – The Warren Buffett approach

Adam Boostrom is a best-selling author and entrepreneur. He formerly attended the University of Chicago as a national merit scholar and currently attends the UC Berkeley Haas School of Business. Prior to the completion of his award-winning first novel, Athena’s Choice, he enjoyed a successful career in bond trading. Today, he most recently worked as the CFO for Dispatch Goods, an impact startup he founded along with fellow Berkeley students.


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:

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! Prior to 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 as well as being a regular on the Daily Market Recap.

Attend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer:

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Podcast episode production by Dante32.