Chat With Traders is your key to the minds of trading's elite performers. Start listening to learn how a diverse mix of traders went from zero to hero, how they successfully trade markets today, and get their best tips 'n pointers for profitable performance, plus much more. Note: You are responsible for your own trading decisions—this is not financial advice.
205: Michael Katz – Day Trading: The Questions You Want Answered
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.
204: Brian Lee – Esports pro attains high score playing the stock market
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…
203: Bob Bright – The Pursuit of Edge
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.
202: Wayne Himelsein – Betting Against Stability
Wayne Himelsein begun his career on a proprietary trading desk at Carlin Financial Group in the mid-90’s, doing statistical arbitrage—complimentary to his mathematical nature.
Come 1999, Wayne launched his first fund to begin managing money for clients and institutions. Then in 2011, Wayne founded Logica Capital Advisers, where he currently takes the role of Chief Investment Officer.
Logica, as a quantitative investment firm, relies on rigorous research to develop its various model-driven strategies. For the most part, these are mean expansion strategies that generate alpha from being long volatility.
201: Hayden Beamish – The legwork, execution and management of institutional investments
For the past 5-years, Hayden Beamish has been a portfolio manager and director at Endeavor Asset Management—a hedge fund based in Melbourne, with ~$300m AUM.
The Hedge portfolio that Hayden manages ended the 2020 financial year up 28% after fees—in comparison, the benchmark Australian All Ordinaries ending down 7%.
The main purpose of speaking with Hayden was to gain insight to his institutional investment process. This includes talk of; researching companies and prerequisites for investing, the role of analysts and brokers in providing information and flow, and managing investments.
It also includes a detailed discussion about the various types of execution algorithms he’ll use for buying and selling large volumes of stock.
200: Best of Trading Psychology, Pt. 2
As an extension of the previous episode, I present to you the second installment for the ‘Best of Trading Psychology.’ Taken from past episodes of Chat With Traders, this is a compilation of snippets on psychology and mindset—an important topic to highlight, given the psychological aspect can truly make or break many traders.
With any of the snippets, if you’d like to hear the full episode, direct links are listed in the show notes at: chatwithtraders.com/200
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This has been a very essential learning tool. Listening to such great traders and trying to apply things to better myself is more than I can ask for.
Only a few episodes in but loving the podcast so far! It’s great hearing from people who have been there & done it, working through the same struggles we all face! Keep up the good work!
Concise does not veer from topic
Style of interview extracts all the useful knowledge from interviewee while also showcasing the human side