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

Welcome to episode 21, with a very special guest; Adam Grimes. Adam is author of the very popular book titled, The Art and Science of Technical Analysis, which covers market structure, price action and trading strategies. He is also the Chief Investment Officer of Waverly Advisors, and host of the Market Life podcast. Adam’s career dates back almost 20 years, during that time he has traded a wide range of asset classes, both independently and along side a well-respected prop firm. Plus, he also did a stint on the New York Mercantile Exchange (NYMEX). Over the next hour or so Adam shares his interesting outlook on the market, and many aspects of trading. So as you could imagine this include plenty of discussion around technical analysis, but you’ll also pick up a number of great psychology tips to help you with the mental aspect. Enjoy team! Learn more about your ad choices. Visit megaphone.fm/adchoices

21 Maj 20151h 13min

This week I was thrilled to speak with a well respected, high-energy, and incredibly insightful trader. And who many of you probably already know as the head honcho at Bulls on Wall Street, his name is Kunal Desai. I’ve been trying to bring him on as a guest for quite sometime now, but it’s finally happened, so I’m glad to be sharing this with you! If you’re unfamiliar with Kunal, I’m gonna give you the super condensed intro, because we discuss his journey in great detail for the first part of our interview. So Kunal is essentially an intraday momentum trader. He’s been trading since his teens, and just like many of us, he really struggled for many years going into his twenties. Eventually persuading one of the few profitable traders he knew at the time to show him the ropes. This profitable trader was Paul Singh, who taught him how to actually work the market like a trader. From there, overall it’s been onwards and upwards. During our discussion we cover quite a range of topics, lost of interesting stuff, and a ton of great pointers. Read below for the breakdown, or better yet – hit play! Learn more about your ad choices. Visit megaphone.fm/adchoices

14 Maj 20151h 7min

I’m not sure how it happened, but this interview somehow slipped through the cracks. I actually had the conversation with this weeks guest around November last year (2014), and it’s been tucked away in a folder ever since. But let me introduce you to this weeks guest – Stuart McPhee from Melbourne (Australia), he’s an equities and forex trader who has been involved with the markets for around about 20 years. And he is also the Author of ‘Trading in a Nutshell’. Our discussion was heavily based around trading plans, covering things like, what exactly is a trading plan, how to create one, and then the trickiest part of all – how to actually follow it with discipline. Actually, Stuart shares a very simple discipline hack that will help you to follow your plan for the long term, not just the next week or so. Even though it’s taken a while to surface, I’m pleased to finally share this interview with you. Learn more about your ad choices. Visit megaphone.fm/adchoices

7 Maj 201541min

This weeks guest is a little different to many of the guests I’ve had on in the past. Instead of giving very little weight to fundamentals and news releases, these two things actually form the foundation for his trading approach. In fact, he almost disregards charts altogether, and he relates the reason for this to his background in accounting and finance. John Welsh has been a full time trader for over 10 years and he’s racked up millions of dollars in profits along the way. His trading consists of both intraday and swing trading, and he concentrates mainly on Biotech stocks, making roughly 90% of his trades within this sector. Now that I’ve given you the 1,000 ft view on John’s trading journey, here he is to fill in the blanks, and give us a lot more depth around his approach. Learn more about your ad choices. Visit megaphone.fm/adchoices

29 Apr 201538min

Like many who get into trading, Jason had no formal education in the field. Actually, prior to trading full time he was waiting tables in a restaurant and bartending. This is where he began swing trading and to this day, Jason is still primarily a swing trader. Riding trends anywhere from a few days or a few weeks, sometimes it's even a matter of months when his aim is to take out a large chunk of the move. Ultimately the market environment dictates his holding time. This is somewhat similar to the way I like to trade, so I found many of the answers Jason gives out during this interview to be particularly interesting, and I'm sure you will too. Regardless of the time-frame you trade. Also, in the later part of this interview, Jason shares a story about the wildly successful independent traders he's met, and the one standout trait they all have in common. Which is again, really insightful. Q + A: If you would like to ask Jason a question and get a few pointers - drop a comment at the bottom of chatwithtraders.com/jason and he'll respond to you with an answer. Learn more about your ad choices. Visit megaphone.fm/adchoices

23 Apr 201556min

It’s almost unfathomable to think that there was a time when it would take a couple minutes to execute an order. And now days we have traders taking extreme measures, just to get filled a nanosecond quicker than the next participant. But for this weeks guest Tim Biggam, that was the reality when he first entered the world of trading during 1985. And that entrance was straight onto the floor of the CBOE. Just a couple years into his journey, Tim experienced the full force of the infamous 1987 crash. While he survived, and was still in good shape to trade the following day, this gave him a true appreciation for the importance of correct position sizing, after seeing so many traders get wiped out. Tim really goes into the topic of position sizing and why it is absolutely vital to get it right during the later part of this interview, so make sure to stay tuned in. Additionally, Tim does a great job of explaining some of the terminology associated with options, how he uses scanning technology to generate trade ideas, and a whole lot more. TAKE NOTE: Tim will be keeping a close eye on the comments at http://chatwithtrader.com/tim – so be sure to leave a question you would like him to answer! Learn more about your ad choices. Visit megaphone.fm/adchoices

16 Apr 201548min

Joel Kruger has been involved with foreign exchange since the very beginning of his career in investment banking as a currency strategist. This was after he came to the realization that he wasn’t cut out for law school. But now days Joel is in the trenches as a self funded Forex trader, who has pushed on through many failures and created a tremendous lifestyle for himself, and his family. Also it’s worth mentioning. Even if you’re not a Forex trader, Joel has a bunch of really good psychology tips that he shares throughout this interview. And a special thanks to the guys who submitted questions over Twitter before this interview, Joel does a great job of answering these. So hit the play button, and start listening… Learn more about your ad choices. Visit megaphone.fm/adchoices

9 Apr 201553min

With an involvement in trading since his early twenties, and a background in mathematics and computer programming, it was a natural progression that this weeks guest would adapt a completely algorithmic trading approach. My friends, I would like you to meet Ilan Azbel. Ilan joins us to discuss algorithmic trading, and share some insights on a side of trading that is unfamiliar territory to many, especially in the retail space. While we spoke for close to an hour, in the scheme of things, we only just managed to scratch the surface. But all in all, I think you'll find this really interesting and enough to get you curious (and maybe even excited) about the possibilities of algorithmic trading. Learn more about your ad choices. Visit megaphone.fm/adchoices

2 Apr 201547min