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You just had your biggest trade day ever. You might think conditions are perfect to go all in, but the better strategy is to take the day off. It’s hard to back away and take a break when there’s so much money to be made but in this week’s episode of Limit Up! Podcast Jack and Dan make a case for why you should make stepping away from the markets a part of your routine.
You can’t trade for 23 hours a day. Eventually, you’re going to hit a breaking point. With so much money to be made in the stock market, it’s easy to want to push through and keep going. But you really need to take time off and pace yourself.
This week on Limit Up! Podcast, Jack, and Dan discuss the importance of taking time off for your general well-being. They share tips on why to step away even if you’re on a hot streak, how to conquer trading FOMO, and how to make rest a part of your trading lifestyle.
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. Two former professional traders host it, 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 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! Before 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 and is a regular on the Daily Market Recap.
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