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Market News Posted by Team Topstep March 18, 2021

Going on Tilt

Whether you’re on a hot streak or everything is going wrong in your life, you need to know when to get out to be a successful trader. Today on Limit Up! Podcast, we’re talking about what it means to go on tilt. Tune in, and don’t forget to fill out your bracket for Market Mania!



Full Show Notes

If you’re down on your luck, take a break from trading. If you’re on a hot streak, take a break from trading. There are countless stories of people getting in over their heads, so knowing your out is one of the most important skills to develop.

This week on the podcast, Jack and Dan define “going on tilt.” Listen to learn the history of the term and the lessons to take from traders such as Evan Dooley.

  • (02:23) – Market Mania
  • (03:52) – Going on tilt
  • (06:28) – Pull tabs
  • (08:36) – Evan Dooley
  • (15:29) – Scalability
  • (24:37) – Warning signs
  • (27:31) – Billions
  • (27:54) – Be your own risk manager
  • (32:42) – Trading ego


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.