308 · Jack Schwager and Emanuel Balarie - Market Wizards, Measured: Inside the Criteria, Craft, and Grit

Ryan Hasson’s a senior trader at Kershner Trading Group/SMB Capital—having joined the firm’s New York office in 2016, after booking a one-way flight from Cape Town, SA. Ryan may be best described as an intraday equities trader, however he’ll also put on swing positions when there’s a larger story/catalyst/theme at play. I was keen to learn more about how Ryan works these multi-day trades, so we step through specifics. Additionally, I ask Ryan about his path to becoming a prop trader, early developments, and to conclude our talk, Ryan shares a few of his daily habits, routines, etc. Learn more about your ad choices. Visit megaphone.fm/adchoices

21 Jan 20211h

For more than a decade, Neeraj Monga was Head of Research at Veritas—a Canadian independent equity research firm—where he published numerous stock reports that garnered plenty of attention from investors, analysts and media… Although it’s not the case he’s most proud of, Neeraj is perhaps best-known for revealing the shady dealings of Kingfisher Airlines—founded and lead by the larger-than-life billionaire, Vijay Mallya. Neeraj’s damning report was ultimately the precursor to the airliners’ demise (and later became the focal point of a Netflix doco!) In this conversation with Neeraj, he recounts multiple stocks that he’s worked on and explains why he's often taking a contrarian stance, going against market sentiment. Plus, we get into some broader topics around deep-dive research too. Learn more about your ad choices. Visit megaphone.fm/adchoices

31 Dec 202059min

Having traded prop for a large part of his career, Brannigan Barrett has since branched out and backed himself by establishing Habitus Capital—a private, discretionary fund that trades select futures markets across multiple asset classes; commodities, currencies, indices, bonds. When Brannigan first appeared on Chat With Traders (114), we mostly covered his process orientated approach to becoming a bigger and better trader. So naturally, this episode is somewhat of a continuation, discussing his growth and progression since… This leads to Brannigan’s thoughts on ‘practically applying’ patience and how he’s systematized much of his decision making throughout the day. We also speak about the fund and its strategies, then end with macro themes that Brannigan’s monitoring. Learn more about your ad choices. Visit megaphone.fm/adchoices

10 Dec 20201h 10min

Rishi Narang’s the founding principal of T2AM, a fund-of-funds investment manager with a sole focus of allocating to quantitative strategies. He’s also the author of Inside the Black Box, an advisor to DARPA’s Financial Markets Vulnerabilities Project, and previously appeared on Chat With Traders in 2016. Given Rishi’s close contact with many quantitative managers—and being well-versed in the space after 20+ years of seeking alpha—I figured it’d be interesting to catch up and discuss evolving trends… Learn more about your ad choices. Visit megaphone.fm/adchoices

26 Nov 20201h 4min

Dan David is the founder of Wolfpack Research, a short-biased firm that goes to great lengths to meticulously understand the business operations, technical aspects and financials of listed companies. When uncovering a disconnect between what a company announces to the market and what Wolfpack deems to be the truth, the firm may build a short position and publish their findings in a detailed research report (commonly regarded as short activism). Dan also hosts the “I Hung Up On Warren Buffett” podcast and was featured as the lead protagonist in The China Hustle—a documentary about the key players who revealed egregious cases of fraud by Chinese companies that were listing on U.S. markets through the process of a reverse-merger. Learn more about your ad choices. Visit megaphone.fm/adchoices

12 Nov 20201h 7min

Active equities trader and managing partner of proprietary trading firm Seven Points Capital, Michael Katz, returns for a third appearance on Chat With Traders. As we’ve previously done a 'regular' interview and an episode analysing how Mike traded the Lyft IPO, we’ve tweaked the format again and this time Mike’s answering questions submitted by listeners of the show. There were many brilliant questions sent in, which I’ve sorted into four categories: Strategy, Trade Management, Trader Development and Prop Trading. Learn more about your ad choices. Visit megaphone.fm/adchoices

22 Okt 20201h 9min

Three years ago, Brian Lee—a former esports professional—took a leap into day trading equities. Having since developed a talent for shorting the backside of inflated moves, paired with a great emphasis on risk management, Brian’s experienced tremendous growth, both financially and in terms of market knowledge. In this chat with Brian, we go over; his first year challenges and overcoming such challenges, the time he lost it all and how he bounced back, his most frequently traded setup, and a detailed discussion about the use of R as a risk model, plus more… Learn more about your ad choices. Visit megaphone.fm/adchoices

7 Okt 20201h 12min

Casino floor or trading floor, Bob Bright has forever sought an edge for favorable odds… Counting cards in Las Vegas at blackjack tables, calculating three-way options at the Pacific Exchange, pairs trading correlated stocks, exploiting the tracking error of leveraged ETFs; Bob’s always pursued a mathematical advantage to win the game. Also considered by many as a pioneer of proprietary trading, Bob and a partner formed Bright Trading in 1992—at its peak, the firm was home to 490-traders across 42-offices in the U.S. Today, at 80-years of age and undoubtedly a market legend, Bob remains an active trader and a serious high stakes poker player. Learn more about your ad choices. Visit megaphone.fm/adchoices

18 Sep 20201h 15min