Home › Market News › Why Trading is a Recession-proof Skill with Anka Metcalf
Thanks to COVID-19, we’re seeing the same kind of volatility that we saw back in 2008. Anka Metcalf is a veteran day trader and founder of Trade Out Loud. She discusses the correlations to 2008 and what we should look out for now. Anka offers tips on developing a trading strategy around the futures market and discusses why trading is a recession-proof skill. Check out the latest episode of Limit Up! for more.
With 30 million and counting on unemployment thanks to our friend COVID-19, now more than ever it’s imperative to have a recession-proof skill. Just ask our guest today Anka Metcalf. Anka is a day trade veteran who also coaches and provides education at her website Trade Out Loud. Today she’s talking to Jack and Dan about what it’s like trading on the futures market.
Anka discusses how she has honed her trading strategy over the years (strategies aren’t static, they evolve) and makes a case for patience when it comes to futures. Listen in for her tips and this week’s Market Reactions.
Anka Metcalf has been active in the day trading and investing arena as an independent professional trader since 2003. Prior to becoming an independent professional trader, she had worked in investment banking for 10+ years. She trades equities and futures. Over the years she has designed and created a unique and highly successful, simple and easy to follow trading system based on price support and resistance levels, coordinated with trigger times, chart synchronicity, and a proprietary set of rules that enable her and her traders to be very selective, patient and find high odds trades with ease and laser sharp precision.
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: https://www.topstep.com/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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