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Trading Education Posted by Team Topstep June 18, 2020

Introduction to Exchange Traded Funds (ETFs) with William Rhind

Episode Summary:

William Rhind believes the quickest way to lose money is to not do your homework. Which is why he is joining us today on Limit Up! to educate traders on Exchange Traded Funds. People find these confusing and intimidating but William breaks them down to their basic steps. Listen to the episode to find out how to trade in ETFs.

Full Show Notes:

Exchange Traded Funds, or ETFs, sound intimidating, but are just another tool to add to your trading portfolio. These funds trade pretty much the same as a stock but are comprised of many different companies as opposed to just one. William Rhind is the man who pioneered this form of trade and is hitting great success with his company GraniteShares.

William talked to Jack and Dan about the basics of this form of trading. He discussed how much capital is needed, how the funds work, and even shared a bit about the mysterious vault at the GLD. Listen to learn this new trading avenue.

  • [02:07] – This week: William Rhind
  • [03:29] – Market reaction
  • [04:54] – Interview with William Rhind
  • [05:10] – How William came to be the founder and CEO of GraniteShares
  • [08:26] – Understanding exchange-traded funds
  • [11:04] – The SPDR Gold Trust vault
  • [13:11] – Starting an ETF
  • [14:39] – Rebalancing technicalities
  • [16:09] – Trading vehicles and long-term investments
  • [17:44] – The volume spectrum
  • [18:59] – Minimum barrier to entry
  • [21:06] – Constant leverage
  • [25:58] – When crude goes negative
  • [28:39] – Identifying losers for XOUT
  • [31:46] – Technological disruption
  • [35:39] – Research and marketing

William Rhind is the founder of GraniteShares, an independent exchange-traded fund built for investors seeking simple, cost-effective access to differentiated investments. GraniteShares is backed by leading fintech VCs such as Bain Capital Ventures and Clocktower Technologies. Rhind has built and managed businesses in the ETF market for nearly his entire career, and previously was CEO of World Gold Trust Services which is the largest commodity fund in the world.


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.

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Podcast episode production by Dante32.