Limit Up! Podcast
This is the Limit Up! Podcast - the place where we explore trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. The Limit Up! Podcast is brought to you by Topstep and hosted by Jack Pelzer and Dan Hodgman. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: https://www.topstep.com/risk-disclosure/ Listen Notes
Trading Costs & Prop Shop Payouts
The true cost of trading futures is more than just your P&L. Learn what determines your bottom line whether you're trading from home or at a prop shop.
Setting Expectations for Your Trading
Setting grounded expectations will help you make steady improvements (and keep your sanity) while trading.
Avoiding Revenge Trading
Topstep Senior Performance Coach John Hoagland joins the podcast to discuss revenge trading and how to stop fighting the market.Â
Trading Superstitions
Venture into the world of the Trading occult with Dan and Jack as they discuss a few of the most common superstitions in the industry.
Live Q&A With Topstep CEO Michael Patak
Dan went live on YouTube this week to take trader questions with Topstep CEO Michael Patak. If you missed it, get it here.Â
Being More Selective With Trade Entries
Tightening up your entry criteria can pay big dividends in your account. Learn a few tips to help you avoid over-trading and under-performing.
Managing Stress While Day Trading
Is trading stressful? Definitely. Many traders are under-rested and overleveraged. Dan and Jack are here with a few solutions.Â
Trade Coaching With Eddie Horn
Topstep legend Eddie Horn joins the podcast to talk about the benefits of having a personal trading coach—which, by the way, Topstep now offers for free!
Post Trade Reactions and Emotions
Closing out a trade often comes with conflicting emotions. Learn how to use that to your advantage.
How to Treat Your Trailing Max Drawdown
Futures traders are usually pretty good about setting a daily drawdown limit. But how should you treat your unrealized gains?
Is the Bottom in?
Equities are off to an explosive start in January. Does this mark a new shift in sentiment? Or is this just another bull trap?
Prep-Trade-Reflect Part 3: "Reflect"
The trading day is finished. Now it's time for perhaps the most important part of your process—a healthy dose of self-reflection.Â
Prep-Trade-Reflect: Part 2
Today, we explore the "trade" aspect of Topstep's Prep-Trade-Reflect system with special guest John Doherty.
Prep-Trade-Reflect: Part 1
In the next 3 episodes, Dan and Jack explore the Prep-Trade-Reflect system endorsed by the coaching team at Topstep.
The Big Trading Trends of 2023
We're back after a magical holiday break. Now it's time to examine the big trends that will shape markets in 2023.
Levels to Watch in a Fast Market
John Doherty joins the podcast today to discuss which levels really matter when the market starts rocking and rolling.Â
So You're Saying There's a Chance! (of a soft landing)
November ends with a glimmer of hope as the Fed hints at slowing rate hikes.Â
CPI Surprises to the Downside (Finally)
The NASDAQ was up 800+ points! Let's break down some of the good news from CPI.
The Bear Market Comes for the Big Dogs
Dan and Jack discuss the unprecedented wealth destruction happening in the NASDAQ courtesy of some of its biggest names. Plus it's time to digest the latest Fed minutes.Â
Knowing When to Punt
Sometimes the best offense is a good defense. When your trading is on a cold streak, these are the adjustments you need to make.
The Psychology of Year-End Trading
Jack and Dan recover from CPI whiplash long enough to talk about how trading psychology and strategy change slightly in the fourth quarter. It's crunch time on Limit Up!
What Makes a Tradable Market?
The recent illiquidity spurs Dan and Jack to reflect on what makes a product something worth trading.Â
The Break to the Downside
What the Fed giveth, the Fed taketh away. Dan and Jack also play a few rounds of CNBC.com Roulette.
Our Worst Trades: And What We Learned
You learn from good trades. But you learn way more from the terrible ones. Dan and Jack discuss their most spectacular trading failures.Â
Common Trading Questions with Eddie Horn
Original Topstepper Eddie Horn joins the show to discuss the most common questions asked by traders.
How to Recognize and Accept Losses
John Hoagland stops by to discuss the ups and downs of trading, and why managing losses might be the hardest part of the game.Â
How Prop Shops Manage Risk
Dan and Jack discuss their personal experiences at professional prop shops. Specifically, they dive into how these companies manage their risk.Â
The Weirdest Recession
It's time to get weird! Or at least as weird as one can be when talking about macroeconomics.Â
The Biggest Myths About Trading
Is trading all about fast cars, glamour, and screaming matches between colleagues? Of course not. Dan and Jack dig into a few of their favorite trading myths.Â
Time to Talk Oil
Crude Oil has been on a tear since late 2020. But lately, that rocket has come back to Earth.Â
Robinhood and the Dangers of Margin
Congress released their report on Robinhood and memestock mania last week. And boy, is it a doozy.
Is a Market Vibe Shift Coming?
Plunging rate expectations have Dan and Jack split over the next move in equities.Â
Where the 'Smart' Money Lives
Bonds may not be as exhilarating as other futures products, but they are just about the most important indicator out there.
Is Bad News Good Now?
With traders viewing everything through the lens of the Fed, good economic news might not be all it's cracked up to be.Â
Patience is a Virtue
It's tempting to "jump" your levels so you can get in on the action. But if it's not part of your trading strategy, you might want to think twice.
The Bubble Bursts
The Nasdaq is down more than 30%. Which begs the question, is everyone having fun yet? Dan and Jack discuss the levels to watch below.Â
From Stocks and Options to Futures
Most traders get started with stocks before exploring other products. Dan and Jack discuss the pros and cons of options and futures when it comes to daytrading.Â
What You Need in Your Trading Journal
Dan and Jack discuss the components of an effective trading journal. The trades. Hard data. Emotions and feelings. You'll need them all if you want to get better.Â
The Wobble Continues
It’s been 136 days since the NQ last hit an all-time high. This is uncharted territory for those who started trading in the past few years. Plus our thoughts on Elon Musk buying nearly 10% of Twitter. Enjoy!
Is The Bottom In?
Dan and Jack look at charts going all the way back to 1998 to put the recent moves in context. Stock index futures are wobbling right now—so will it be smooth sailing, or is the drop we saw just the beginning?