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Trading Education Posted by Team Topstep October 10, 2019

Sorting Through the Noise with Gary S. Morrow

In trading, the highs are high, and the lows are low. But when you get into a groove, it’s magic. On this week’s episode of Limit Up! we’re talking to Gary S. Morrow, an independent registered investment advisor and contributor to the trading advice blog, This Week on Wall Street.
After a great run on the trading floor of the Chicago Mercantile Exchange, Gary decided to take his career in a new direction. He talks to Jeff about the transition from the high stress floor to working as a writer and advisor. Gary also gives advice on how to sort through the noise of information overload to make the best trades.
Later, Jeff and Gary reminisce about the golden days of trading in the 80s, as well as have a good laugh at some of their shenanigans on the floor. Tune in for a fun conversation and get this week’s MARKet Reaction.

  • [00:55] – This week: Gary Morrow, President of Yosemite Asset Management
  • [02:09] – MARKet Reaction with Mark Meadows
  • [03:32] – Jeff Carter interview with Gary Morrow
    • [04:06] – Points and Figures 
    • [04:09] – Jeff Carter on Twitter 
    • [05:51] – How Gary started as a currency trader on the floor in Chicago
    • [09:56] – Preparing for the stress of trading before entering the pit
    • [15:08] – Why Gary quit trading
    • [18:25] – Transitioning from the floor to the screen
    • [21:17] – Technical analysis tools for momentum, sentiment , & price action
    • [23:55] – Gary’s partners Bob von Halle and Doug McKay
    • [27:03] – Criteria for approaching new markets
    • [29:28] – Russell vs TWM
    • [31:00] – This Week On Wall Street 
    • [31:04] – Gary on Twitter
    • [31:15] – Gary on LinkedIn
    • [32:01] – Charlie Bilello on Twitter
    • [32:16] – Ryan Detrick on Twitter
    • [32:39] – Tamping the noise
    • [35:04] – Stories of fearlessness from the crash of ’87

Gary S. Morrow is an independent registered investment advisor in San Luis Obispo, CA. He manages individual accounts through Charles Schwab and TD Ameritrade Institutional. Prior to becoming an RIA, Morrow spent 12 years on the floor of the Chicago Mercantile Exchange trading foreign currency and interest rate futures. He currently writes for This Week on Wall Street. This episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at West Loop Ventures. In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.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.