267: Dan McDermitt - An Edge with Correlations Across Time Frames
Chat With Traders21 Syys 2023

267: Dan McDermitt - An Edge with Correlations Across Time Frames

Stinging losses with mutual funds in 2008 drove Dan to become an active manager of his portfolio. Enticed by the legalization prospects of marijuana, he dived into learning the fundamentals and technicals of the sector. Learning how these stocks traded relative to each other, he cultivated an awareness of the correlations between these companies. These interrelationships would later be applied to large cap stocks, Commodities and Crypto across different time frames to give insights on when to participate in Bull and Bear runs, and when to back away. Feeling the pain of big early profits evaporating over months, Dan was forced to cultivate a mental flexibility in trading by considering both Bull and Bear signs in every stock he follows. Combined with correlations over multiple time frames with other stocks in the same sector, influences from Commodities, the dollar and various sectors, he flushes out nuances with scalpel-like precision and is ready to flip bullish or bearish without attachment. Learn more about your ad choices. Visit megaphone.fm/adchoices

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Jaksot(336)

332 · Steve Nison - The Man Who Introduced Candlestick Charting to the West

332 · Steve Nison - The Man Who Introduced Candlestick Charting to the West

Steve Nison came to Wall Street as a technical analyst in the late 1980s, discovered an obscure Japanese charting methodology, and spent years translating rare texts to introduce candlestick charting ...

16 Syys 48min

331 · Jeff Holden - How Top Prop Traders Find and Scale Their Edge

331 · Jeff Holden - How Top Prop Traders Find and Scale Their Edge

Jeff Holden was once a kid watching his father get laid off during a department cut, realizing early on that he never wanted to be at the mercy of unpredictable market shifts, he wanted full control o...

2 Syys 1h 39min

330 · Steve Quirk - From Chicago Pit Trader to Robinhood Exec

330 · Steve Quirk - From Chicago Pit Trader to Robinhood Exec

Steve Quirk began his career in 1987 on the fast-paced trading floors of Chicago, surviving the historic market crash that wiped out $1.7 trillion worldwide.From navigating open-outcry pits where a tr...

19 Elo 51min

329 · Peter Brandt - How a 50-Year Veteran Thinks About Risk Management

329 · Peter Brandt - How a 50-Year Veteran Thinks About Risk Management

Peter Brandt entered the commodity trading business in 1976 with ContiCommodity Services, survived years of market shifts, and turned a passion for price action into a legendary career spanning over 5...

5 Elo 1h 43min

328 · Paul Scott - Why Technical Analysis is Just Retail Noise

328 · Paul Scott - Why Technical Analysis is Just Retail Noise

Paul Scott entered the high-stakes trading floor of the London Metal Exchange at just 16 years old, survived years of trading under survival-mode pressure, and turned old-school pit wisdom into lifelo...

22 Heinä 1h 28min

327 · David Capablanca - From Skid Row Showers to Short Selling Master

327 · David Capablanca - From Skid Row Showers to Short Selling Master

David Capablanca pursued architecture for a decade, culminating in studying under a Pritzker Prize winner at UCLA, before a life threatening brain tumor, massive medical debt, and student loans forced...

8 Heinä 1h 26min

326 · Jason Berry - This Market Wizard Only Had 5 Losing Months in 14 Years... Here's How

326 · Jason Berry - This Market Wizard Only Had 5 Losing Months in 14 Years... Here's How

Jason Berry co-founded Positive Equity in 2008. Built alongside partners and traders who raised the bar, the firm operates trading floors in Ireland and Croatia. Over a 14-year stretch of verified cle...

24 Kesä 1h 19min

325 · Jack Schwager & George Coyle - The 3 Timeless Rules Shared by 100 Years of Market Wizards

325 · Jack Schwager & George Coyle - The 3 Timeless Rules Shared by 100 Years of Market Wizards

Jack Schwager and George Coyle team up to look at what it takes to master the markets, combining classic wisdom with how modern financial markets work today.After studying top fund managers and over 1...

10 Kesä 1h 13min

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