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At Topstep, we shout from the mountaintops that you should never let ego cloud your judgment about what is happening in the market. The best way to keep your ego in check is to determine which patterns to trade by. On this week’s edition of Limit Up! Podcast, Jack and John Doherty talk you through their favorite trading patterns and offer analysis on Bitcoin’s happening.
While most traders have some degree of impulsivity, when it comes down to it, trading is all about understanding patterns. Ego can drive traders to make rash decisions. If you employ a strategy in which patterns guide your trades, you will make better decisions and have a clearer view of what is happening in the market.
This week’s episode of Limit Up! Podcast is all about patterns. Jack and John Doherty share the patterns they watch for and talk about why walking away is sometimes the best decision. Listen to the episode for the latest analysis on what’s going on with Bitcoin.
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: https://www.topstep.com/risk-disclosure/
Topstep is the premiere funding opportunity for traders looking to make the most of 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! 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.
