269: Rob Hanna - Reducing Anxiety and Drawdowns through Quantifiable Edges

Welcome back for another installment of the Chat With Traders podcast. I’ve got an awesome guest lined up for you, John Carter, from Austin Texas. In short; John is an options trader (and also futures, to a slightly lesser extent), he’s been trading for around about 25 years now. His typical holding time for any given trade is just a couple days, and he classifies himself as an aggressive trader – which I think you’ll pick up on pretty quickly. In this interview, you’ll hear I ask John about the multiple boom ‘n bust cycles he endured over the space of about 8 years before gaining real consistency. I also ask, is a high risk tolerance essential for becoming a successful trader? Then we get into some talk about options, and John has some really great advice for those who are still trying to find their feet. Additionally, we talk about indicators and technical analysis, and we go step-by-step through John’s million dollar TSLA trade. So there’s a lot packed into this episode, I hope you enjoy it, but more than that, I hope you can take at least just one thing away from this and apply it to your own trading. Learn more about your ad choices. Visit megaphone.fm/adchoices

21 Apr 20161h 6min

For this episode, we have our very first guest from Sweden—big shout out to Sweden! I spoke with Mikael Syding; a value investor who spent 15 years in the hedge fund business, and in 2009, he was awarded European Hedge Fund Manger of the Decade before retiring shortly after. During the interview, I ask Mikael to share his three greatest lessons for traders and investors, how he spotted growth opportunities, and I also ask him how his views on money have changed over the span of his career, plus a whole lot more… All of this was great, but I have to say, my favorite part of this conversation was the last 10-15 minutes, where Mikael talks about artificial intelligence and technology becoming one with humans. It’s full on—prepare to have your mind blown! Learn more about your ad choices. Visit megaphone.fm/adchoices

14 Apr 20161h 6min

We have a very special guest on the podcast right now; Jerry Parker. For those who don’t know, Jerry is one of the original widely-recognized, Turtle Traders. The Turtles were a small (somewhat secretive) group of traders who were mentored and trained by Richard Dennis, a big time commodities trader, in the 80’s. It’s an interesting story and you’ll hear more about this in just a moment. Today, Jerry remains the founder of Chesapeake Capital, which is a commodity trading advisor, and he has well ‘n truly stuck to his roots as a die-hard trend follower. We discuss all the above at length, plus I also had a few questions for Jerry around the subject of trading other people’s money–which is something you may not have considered before. And on the other side, some of the questions you should ask a CTA (or money manager) before investing. It was a huge honor to speak with Jerry Parker, and I hope you enjoy the interview. -- Sponsored by BrokerNotes. Save yourself the hassle of manually comparing brokers, BrokerNotes free online tool will find you a best match in 2 steps and less than 30secs. Learn more about your ad choices. Visit megaphone.fm/adchoices

7 Apr 20161h 1min

This week we have returning guest, Dan Shapiro, who was first on episode 32. And after receiving a lot of really great feedback from that interview, I knew I would have to have him back on, so here we are… Dan works on an intraday timeframe and predominately trades high beta stocks. He’s been trading for 16 years, and during this time has experienced the extreme highs and lows that this business can throw at you. For a good part of his career, Dan was heavily involved in the prop world, but now trades independently from New York. Over the next 60 minutes you’ll gain some insight to Dan’s methodology, thoughts on managing risk, an outsiders view on the current state of prop trading, and more… This interview will leave you with plenty to think about, and may even help you to adjust your mindset – if that’s something which is holding you back. Learn more about your ad choices. Visit megaphone.fm/adchoices

31 Mars 20161h 6min

For this episode, I interviewed a very special guest; Dr Brett Steenbarger (after many, many requests from listeners). Brett is a very well known trading psychology coach, and has consulted to some of the biggest names in the industry. He’s also a respected author who has now published four books, some which have been recommended reading by previous guests on this podcast. During our conversation, I asked Brett how to break bad trading habits and introduce new best practises, to explain why traders need to be adaptable in markets, plus how we should think about goal setting and measure progress. And of course, much more about how to enhance your performance as a trader. If you do enjoy the interview, please leave an iTunes review! Click here Learn more about your ad choices. Visit megaphone.fm/adchoices

24 Mars 20161h 2min

For this episode I spoke with returning guest Nick Radge, who was originally on episode number 4. But in case you missed it; Nick is a systematic trend follower and momentum trader, most active in Australian and US equity markets. This time around, we discussed mean reversion strategies and why they may appeal to certain traders, the importance of trade frequency when developing a system, which then leads into the characteristics of a robust trading system. One of my own ‘top takeaways’ from this conversation, was hearing about Nick’s emphasis on trying to break and stress test systems – rather than simply trying to develop the “best system”. Like the last few guests, Nick has also offered to answer any trading questions you might have. So if there’s something you want to know more about, just leave your questions in the comments are at the bottom of this page. Learn more about your ad choices. Visit megaphone.fm/adchoices

17 Mars 20161h 1min

Here we are, episode 63 and I have another brilliant (and very experienced) guest lined up for you this week. Her name is Nicola Duke, or @NicTrades on Twitter. She’s a professional swing trader from the UK, actively tracking 36 futures and forex markets – who takes a technical and systematic approach to trading. Some of the highlights from our conversation… Hearing about how Nicola’s typical trading day used to start 1:30am, learning that her mentor never showed her a single setup, the concept of preserving ‘mental capital’, and insight to how she trades with a systematic approach. You may also like to know, Nicola is open to answering any questions you might have, so if there’s something you’d like to ask leave a comment at the bottom of this page. And if you’re enjoying the podcast, please leave an iTunes review. It’ll take you no more than two minutes and it helps more than you know – you can even do it while you’re listening. Learn more about your ad choices. Visit megaphone.fm/adchoices

10 Mars 201644min

For this episode, I spoke with a trader who has spent many years in the financial hub of Chicago; Tracy – otherwise known as @ChiGrl on Twitter. Tracy is a technical intraday trader, but also tracks fundamentals very closely. She solely focuses on the energy sector and has an obsession with crude oil... During our interview, Tracy shares her story about how she up and left LA to chase her desire of becoming a trader. And how she wound up at a “hack-shop” brokerage, which is best described as a scene from the trading movie, Boiler Room. We also discuss the bear market of oil, the impact falling prices have on a macro level, the skill sets that are have helped Tracy to survive and thrive as a trader, plus much more. And last thing, Tracy has kindly offered to answer any questions that you may have – whether they’re about oil specifically, or just trading in general. Just scroll to the bottom of this page and write your questions in the comments area. Learn more about your ad choices. Visit megaphone.fm/adchoices

3 Mars 201641min