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Trading Education Posted by Team Topstep September 24, 2020

Keeping Your Cool When Trading the Election with Jack Pelzer, Dan Hodgman, and John Doherty

Episode Summary:

The 2020 election is already underway. We can’t tell you who will win but we can tell you how to plan your trades leading up to November 3. This week, Topstep’s own John Doherty joins Jack and Dan for a panel discussion all about the strategy of trading around the uncertainty and volatility of an election. Our advice: keep your head and don’t trust betting markets. Listen to the episode for our forecast.

Full Show Notes:

Elections have the power to turn markets into chaos. Just look back at 2016 and Brexit to see the uncertainty and volatility. We can’t tell you who will win the 2020 election, but we can tell you how to plan your trades for the weeks leading up to November 3.

This week on Limit Up! we’re hosting a panel discussion about the strategy of trading around election time. If you’re unsure how election modeling works or want to know what usually happens in the futures market around elections, tune in so you can craft your trading plan.

  • (00:15) – Trading the election: Don’t be a homer
  • (01:08) – Lessons from 2016 volatility
  • (06:34) – Mechanics of the 2020 election
  • (08:19) – Understanding polling models
  • (16:00) – The problem with election markets
  • (22:06) – Figure out your trading plan
  • (35:47) – Keeping it flat

John Doherty is a Chicago native and 15-year veteran of the trading industry. He spent his formative years on the floor of the Chicago Board of Trade before heading “upstairs” to tackle screen trading. John provides daily market commentary and trending news to the TopstepTrader blog and is a contributor to the Market Forecast morning broadcast.


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.