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Trading Education Posted by Team Topstep March 26, 2020

Stop Day Trading and Start Investing with Peter Davies

Episode Summary:

With the markets fluctuating so much during the uncertainty of the past few weeks, we’re in territory that many newer traders haven’t seen. Peter Davies is the CEO of Jigsaw Trading and he’s here to remind us that the market will eventually rebound. To that end, you need to stop thinking about day trades and start thinking like an investor with an eye toward the long game. Listen for Peter’s advice.

Full Show Notes:

The market is so volatile, we’ve run out of synonyms for volatile. But Peter Davies, CEO of Jigsaw Trading, reminds us that we’ve been here before. The market is cyclical and will rebound eventually.

With things changing by the minute, it’s almost impossible to properly manage risk doing day trades. Instead, Peter encourages traders to think like investors and trade with the long game in mind. He explains a bit about his company, Jigsaw Trading, and how it can help traders learn the skills necessary to make it amidst instability. Peter also has some knowledge to drop on all the newbie traders out there: don’t try to make trading fit you. Tune in for more!

  • [00:53] – This week: Peter Davies
  • [03:54] – Market reaction
  • [09:46] – Interview with Peter Davies
  • [09:59] – How Peter got into the industry
  • [16:16] – How Jigsaw Trading has adjusted over time
  • [20:11] – Looking for certainty
  • [26:32] – Calling the bottom
  • [30:48] – Tools & education at Jigsaw Trading
  • [39:51] – Ideal markets for every personality type
  • [44:54] – Preserving capital
  • [49:58] – Bringing back the market makers
  • [56:11] – Don’t make trading try to fit you
  • [58:17] – Topstep Quarantine Diaries

Peter Davies is the founder and CEO of Jigsaw Trading. Jigsaw aims to educate new traders and make their order flow process seamless. Find out more:


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.