The Day Trading Show

Austin Silver

Welcome to The Day Trading Show, hosted by entrepreneur, and co-owner of ASFX, Austin Silver. In this podcast you'll find trading content specifically designed to help you make better trading decisions going forward. Most of these episodes have videos that go with them - linked in the individual show notes. Please subscribe and leave a review. Your feedback is greatly appreciated.

  1. -5 j

    He Got Tired Of Prop Firms... So He Built an AI Hedge Fund

    Dylan Maltman of Apex Capital Management (Cape Town) joins the show to break down how he went from a banned retail prop trader to running an AI-native futures hedge fund. He details Apex's origin story, the difference between proprietary trading and challenge-based prop firms, and how Apex structures capital raising through SMAs vs. LPGP vehicles. 🎯 Sponsor: Prop Firm Match — Compare 40+ prop firms side-by-side. Code MATCH 🔗 https://www.propfirmmatch.com/?a_aid=asfx 🔄 TradeSyncer — 30% off w/ code ASFX 🔗 https://www.asfx.biz/ts 🎥 Trade Live With Me — Free 30-day trial 🔗 https://www.asfx.biz/first 🧠 TradeZella — 20% off w/ code ASFX 🔗 https://www.asfx.biz/tz He dives deep into daily operations — fully automated order-flow strategies run on the Sierra platform with Chicago colocation for millisecond latency — and explains why Apex doesn't do manual or discretionary trades, instead selling investors on a consistent risk/return distribution. He also unpacks how AI now touches every part of the fund's research and execution pipeline, and closes with a technical breakdown of the order book square root law and why speed matters in delta/order-flow trading. Connect with Dylan - https://za.linkedin.com/in/dylan-maltman-8b575b1b1 00:01:22 – Dylan joins from Cape Town; intro and backstory with Austin 00:03:53 – What Apex Capital actually is: proprietary trading firm, not a challenge-based prop firm 00:05:09 – Dylan's background: crypto prop shop, sell-side derivatives, then going independent 00:06:01 – Getting banned from retail challenges, the Luxembourg hedge fund offer, and founding Apex in 2024 00:08:16 – Entrepreneurial mindset: separating the fantasy of trading from the reality 00:10:00 – Designing Apex's capital structure around survivability, not high-growth VC style 00:12:31 – Day-to-day life as a fund manager: strategy design, P&L checks, watching latency 00:17:17 – Why Apex uses Sierra platform and Chicago colocation instead of building custom tech yet 00:18:01 – What it was like raising capital in the early days vs. now 00:23:01 – Apex's niche: asymmetric strategies for hedge funds and prop groups focused on drawdown 00:26:35 – How scaling client allocations works, from starting ticket to max cap 00:29:00 – SMA structure explained: how client money never touches Dylan directly 00:33:00 – Latency and risk engine allocation across sub-accounts explained 00:36:34 – Why Apex is fully automated with no manual/discretionary trades 00:44:19 – Biggest mistake: a risk-sizing error on a new order management system import 00:50:59 – Order book square root law explained — why speed matters in delta/order-flow trading 00:56:09 – Closing thoughts and where to find Dylan and Apex Capital

  2. 28 juil.

    CEO of Take Profit Trader Exposes Simulation Exploitation (And How He Stops It)

    James Sixsmith, CEO of Take Profit Trader, returns to The Day Trading Show for a deep-dive on prop firm infrastructure, risk management, and what actually predicts a trader's success. He explains the difference between front-end platforms (NinjaTrader, Tradovate, Wealth Charts) and back-end order/risk management systems (CQG, Rithmic, Teton, CTS), and why building a fully in-house risk system has taken TPT two years and counting. Sponsor: Prop Firm Match  Compare over 40 prop firms — rules, drawdowns, payouts, scalability. Code MATCH to save on any firm! Click here — ⁠https://www.propfirmmatch.com/?a_aid=asfx He goes deep on CME Rule 575 (disruptive/spoofing practices) and why TPT enforces live-market rules in simulation too — because strategies that work in sim get carried into live, and TPT is on the hook with the CME regardless of account size. He teases the upcoming TPT Score (a multi-factor, AI-driven scorecard using 120+ data vectors from 6.6 billion filled sides) and confirms it's being held back until edge cases are reliable enough to avoid ranking mismatches. The conversation closes with his read on what separates winning traders — smaller size, longer hold times, fewer trades — and how prop trading fits into the broader boom in prediction markets, AI-assisted trading, and retail speculation. 🔄 Sponsor: TradeSyncer — 30% off w/ code ASFX 🔗 https://www.asfx.biz/ts  🎥 Trade Live With Me — Free 30-day trial 🔗 https://www.asfx.biz/first  🧠 Sponsor: TradeZella — 20% off w/ code ASFX 🔗 https://www.asfx.biz/tz  00:01:23 – Stanley Cup talk (Caps, Canes, Panthers, Rod Brind'Amour) 00:10:10 – Pro+ program updates and platform landscape (Wealth Charts, Apex) 00:13:00 – Front-end vs. back-end: CQG, Rithmic, Teton, CTS explained 00:16:40 – Why building an in-house risk/platform system takes years 00:23:20 – Strategies TPT won't fund; simulation exploitation 00:24:40 – CME Rule 575, spoofing, and Aventus surveillance system 00:33:00 – How TPT protects downside on live accounts using trade data 00:38:05 – TPT Score explained: 120+ AI vectors, why it's not live yet 00:52:00 – What makes an ideal trader: trade smaller and less often 00:56:00 – Copy trading, leverage, and why "9010 rule" traders complain

À propos

Welcome to The Day Trading Show, hosted by entrepreneur, and co-owner of ASFX, Austin Silver. In this podcast you'll find trading content specifically designed to help you make better trading decisions going forward. Most of these episodes have videos that go with them - linked in the individual show notes. Please subscribe and leave a review. Your feedback is greatly appreciated.

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