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101 - Failure; The Key to Success Interview With Ryan Moffett

 

This week on episode 101 of the Two Blokes Trading podcast:

We learn that you need to fail to succeed with our guest Ryan Moffett.

Tom fails to learn from past mistakes with his 2 day post stag Hangover.

And for those of a crypto persuasion we have a Yield Coin update.  

 

Trader Interview with Ryan Moffett:  

Ryan is the Lead Investment Manager at Blackpier Capital.  He is the lead manager of the Blackpier Atlas Portfolio of Strategies spending the last 12 years specializing designing and trading robust systems and strategies.  

 

Blackpier Capital is a private proprietary trading firm which also runs a private fund.  This firm is built upon the principles of extreme ownership, personal and professional accountability.  

 

If you would like to learn more about Black Pier Capital, Ryan and the team head over to:

 

http://www.blackpiercapital.com/copy-of-about-us-1

 

Main Topics Discussed:

 

A journey of 3 key failures that shaped Ryan into the trader he is today.

Zero results and a ton of time is the price to pay for exponential progress.

Being a trader is a journey of failure!

You need to be ready and have experience before you put any risk in the market.

Why traders have such high expectations.

The things that matter in trading are not the strategies!

How training to become a professional baseball player laid the foundation for Ryan’s success.

Deliberate practice is how you get great at your craft….Go Google “deliberate practice” now!

Creating habits of work make it hard to stop pushing.

If you are going to get better at anything, fail more often!

Having a plan is not easy but is necessary.  

That moment you realize your life is not working…but you have a vacuum hose in your hand….listen to find out the conclusion!

Why having a supportive spouse is key to your success.

When you know WHY you want to do something, the HOW is not that hard.

You need to get into the fox hole with someone you trust.  

Judge your results on the process not on the money you make (or Lose).

Paul Tudor Jones “You are never hoping, you are always trading”.

A successful trading foundation that was built on epic failure.

Trading uncorrelated asset classes eliminates 80-90% of your risk and your return goes up.

How to define market environments.

Generally, strategies make money through volatility or leverage.

Having different strategies that do well in different markets is key.

 

Where can you learn more about Ryan Moffett?

Web:  http://www.blackpiercapital.com/

Blog:  http://www.blackpiercapital.com/blog

LinkedIn:  https://www.linkedin.com/company/blackpier-capital-llc/

 

Resources mentioned by Ryan Moffett:

Check out the book “Extreme Ownership” by Jocko Willink.

Documentary on Paul Tudor Jones called “Trader”.

 

Exclusive TBT opportunity to Buy Yield Coin before its ICO:

You can secure this exclusive opportunity through this link: https://twoblokestrading.com/yieldcoin

 

Want to Talk Shop with the Two Blokes Trading Community?

Go to www.twoblokestrading.com/discord and you will automatically be taken to our Discord invite page where you can log in or sign up to be directed to our group.  

Please keep it classy in a Two Blokes sort of way and feel free to contribute stuff of value.

Ep. 100 - U.S. Dollar Master Class with Victoria Scholar

 

This week on episode 100 of the Two Blokes Trading podcast:

Victoria Scholar, Finance News Presenter at IG, joins us for an excellent chat all about the U.S. Dollar and why it’s important to us retail traders.

Brandon makes a commitment.

Tom drills down to the root of it!

 

Guest Interview: 

 

Victoria Scholar’s resume is befitting to her last name with financial production and journalist experience at some of the heaviest hitters in the business.  We are talking Bloomberg, CNBC, Nomura, CNN, BBC, and now with her current role at IG TV.

Check out a recent video below with Victoria in action.  We were very fortunate to have he on the podcast.

 

 

Main Topics Discussed:

We get to know Victoria and all her extensive experience in the financial markets.

Her transition from trader to producer to broadcast journalism.

Remembering to blink!

Dealing with high pressure and adrenalin crashes.

Why the U.S. dollar is soooo important.

Cross border transactions and trading currency in pairs.

Global reserves.

Having a two way view in your currency trading.

Equity volatility doesn’t necessarily equate to FX volatility.

What actually moves the U.S. Dollar?

Interest rates differentials drives price discovery.

Capital flows – Trade and Investment into and out of economies.

Safe haven flows.

How you would historically expect the U.S. Dollar to perform is not what we are seeing currently.

Interest rate differentials are shrinking causing historical correlations to break down.

The Donald Trump effect.

Risk off and Risk on.

Trading Donald Trump and oil.

The correlation between oil and the U.S. Dollar…Petro Dollar.

Trade Wars and the emergence to the Chinese Yuan.

Why trade deficits are not necessarily bad.

Trading Donald Trump’s tweets.

Importing and overconsumption within an economy.

 

Where can you learn more about Victoria?

Twitter:  @Victoria_IG or https://twitter.com/VictoriaS_IG

Instagram:  FinancialVictoria or https://www.instagram.com/financialvictoria/

LinkedIn:  https://www.linkedin.com/in/victoria-scholar-656003126/

 

IG Specific Links:

Watch Victoria in action on IG TV: https://www.youtube.com/user/IGIndexSpreadBetting/videos

IG News and Analysis:  https://www.ig.com/uk/market-news-and-analysis

 

 

Want to Talk Shop with the Two Blokes Community?

Go to www.twoblokestrading.com/discord and you will automatically be taken to our Discord invite page where you can log in or sign up to be directed to our group.

Please keep it classy in a Two Blokes sort of way and feel free to contribute stuff of value.

 

Two Blokes Exclusive Opportunity

Want a FREE 14 day access to a live trading room where you can watch real traders making real pips in real time?  Cool, get over to https://twoblokestrading.com/tier-one-trading-review/

 

Watch Tom journal his experience.

FREE 14 day access to live trading room.

FREE training.

Watch two traders trade live on a real money account.

NO CREDIT CARD REQUIRED.

No obligation.

Your only risk is your time.

 

Not much beats free with no risk or obligations!

 

https://twoblokestrading.com/tier-one-trading-review/

Ep. 99 - Wall Street Trader Turned Entrepreneur Macro Analyst

 

This week on episode 99 of the Two Blokes Trading podcast:

Tony Greer joins us for an excellent chat about his progression from being a Goldman Sachs trader all the way to where he is as an Entrepreneur Macro Analyst and trader.

Brandon updates us on the fundamentals course, the next batch is out!

Tom talks community and the new TBT Discord group.

 

Trader Interview: 

 

Tony Greer is a man with some of the highest pedigree experience we have been fortunate enough to have on the Two Blokes podcast.  His experience comes from the who’s who of investment banks from the Goldman Sachs, UBS, and Dahlman Rose & Company.

 

Tony launched his company TG Macro LLC to establish himself as a macro market analyst for what he believes will be the next iteration of the Wall Street ecosystem.  But rather than us trying to tell his story it’s probably better that you get yourself over to his bio page on his website:  http://tgmacro.com/meet-tony-greer/

 

Get a feel for just how good Tony’s analysis is on Real Vision below:

 

 

Main Topics Discussed:

Boots on the ground training at the Goldman Sachs.

Working from Sunday at 4pm right through to the closing bell on Friday.

A massive wakeup call: going it on your own right smack in the middle of a major asset bubble!

Commodity Super Cycles.

Surviving a major market crash by being a student of the market.

Trading next to Steve Grosso who now is on CNBC’s Fast money.

Building a financial business for the second time and the lessons learned.

Playing pickup basketball with his career and moving into facing the market as an independent analyst.

Trading 30,000 gold contracts in one day!

Trading with the “creatures” in the open outcry futures pit.

The genesis of making trades in the trading pits.

Learning the art of anticipation in your trading.

Serious traders are serious about slippage.

Planning your trades.

Brandon has a light bulb moment!

How to figure out emerging sector trends before the big chunk of the move takes place.

Trading sectors through ETFs.

Developing your “ways” of monitoring the market to find opportunity.

What is good information to know?

Market structure is constantly evolving, start your understanding of sentiment at http://fintwit.com and you can meat

The big boys buy tops too!

https://whereisbeeks.com/ is a cool place to check out the lighter side of trading and some great stories from some amazing traders.

Tuna tar tar and Johnny Walker Black at the Gotham Grill.

Being outgoing about trading and keeping in the loop through trader connections.

Good news for technical traders….Tony thinks you can survive and is a great way to weed out the noise.

 

Where can you learn more about Tony Greer?

Web:  http://tgmacro.com

Web:  https://whereisbeeks.com/

Twitter:  @TgMacro  https://twitter.com/TgMacro

 

If you are interested in US equities and futures markets make sure to take Tony up on his free trial for his excellent analysis products.  You can sign up on his homepage http://tgmacro.com

 

Want to Talk Shop with the Two Blokes Community?

Go to www.twoblokestrading.com/discord and you will automatically be taken to our Discord invite page where you can log in or sign up to be directed to our group.

 

Please keep it classy in a Two Blokes sort of way and feel free to contribute stuff of value.

 

Two Blokes Exclusive Opportunity

Want a FREE 14 day access to a live trading room where you can watch real traders making real pips in real time?  Cool, get over to https://twoblokestrading.com/tier-one-trading-review/

 

Watch Tom journal his experience.

FREE 14 day access to live trading room.

FREE training.

Watch two traders trade live on a real money account.

NO CREDIT CARD REQUIRED.

No obligation.

Your only risk is your time.

Ep. 98 -  Top 5 Craziest Things with Financial CEO Sebastian Kuhnert

 

This week on episode 98 of the Two Blokes Trading podcast:

Sebastian Kuhnert, Founder and CEO of Tradimo https://learn.tradimo.com joins us for a riveting story session of the top 5 most wild, interesting and outright crazy things he has ever seen.

Tom finds harmony in discord.

Brandon helps us identify our hawks from our doves.

 

 

Interview:  Sebastian Kuhnert

Sebastian Joins the Two Blokes for a bit of a different angle than we normally take.  For any trader that has been in the trenches duking it out with the markets for any length of time, they are sure to have plenty of interesting stories and seen a lot of cool stuff.  Stories are the memories that traders cherish, and sometimes loath.

 

Sebastian is the founder and CEO of the financial education company Tradimo https://learn.tradimo.com/.  He got his start in the online gambling and then moved into a more sustainable approach of investing in stocks and shares.  He has also founded and been involved in many technology start-ups.

 

In this interview Sebastian takes on a journey of 5 of the most interesting, wild, imaginative, and crazy things that he has come across during his time working in the financial space.

 

Main Topics Discussed:

To Brandon’s delight, Sebastian confirms that fundamental trading is good!

An unfortunate incident involving anger, a tennis ball, and a half billion dollar fat finger at the absolute worst time of the day.

Some explanations around how prop houses work.

Brandon has fat fingered too!

When a vacation goes wrong; why you should always check your buy and sell keys before going all in.

Trading the Swiss National Bank debacle and having the stones to double up and flip positions.

Being one of the first people to fly over oil storage facilities with infrared cameras to measure the amount of oil in storage. Doing this one day before the Wednesday oil inventory numbers come out and making 300 million in the process!

Why try to predict an economic number when you can think outside of the box!

Being at a financial conference and getting to hang out with the former CTO of Stratton Oakmont…. You know, think the movie Wolf of Wall Street…The guy that played Jonah Hill!!

The stories from Wolf of Wall Street movie are actually true and fairly accurate!

The Steve Madden IPO actually happened the way the movie depicts.

Brandon wears Steve Madden shoes!

How to help people get passionate about financial investing.

We discuss Little Traders game and how to become an investor.

What Tradeimo is all about.

Taking 3,000 Deustche Marks to 2 million Euros.

 

Where can you learn more about Sebastian and what he does?

Tradimo:  https://learn.tradimo.com/

About Tradimo and the team:  https://learn.tradimo.com/about

Little Traders Game:  https://www.littletradersgame.com/

Learn with Tradimo’s Courses:  https://learn.tradimo.com/courses

 

Twitter: @SebKuhnert https://twitter.com/SebKuhnert

LinkedIn:  https://www.linkedin.com/in/sebastiankuhnert/

 

 

Two Blokes Exclusive Opportunity

Want a FREE 14 day access to a live trading room where you can watch real traders making real pips in real time?  Cool, get over to https://twoblokestrading.com/tier-one-trading-review/

 

Watch Tom journal his experience.

FREE 14 day access to live trading room.

FREE training.

Watch two traders trade live on a real money account.

NO CREDIT CARD REQUIRED.

No obligation.

Your only risk is your time.

 

Not much beats free with no risk or obligations!

 

https://twoblokestrading.com/tier-one-trading-review/

Ep. 97 - ESMA, Regulations, Cryptomania and Ryan Gosling

This week on episode 97 of the Two Blokes Trading podcast:

Charlotte Day and Niki Nikolaou from http://contentworks.agency/ join us for a chat about new ESMA rules and the ramifications for brokers and retail traders.

Fire causing sleepless nights, Tom’s house burns to the ground.

Brandon giggles a lot.

 

Interview:  Charlotte Day and Niki Nikolaou: 

Charlotte and Niki are expats living the dream in Cypress.  They run Content Works http://contentworks.agency which is an content marketing and social media company specializing in helping Forex brokers, Crypto’s and ICO’s get their messages out to the world in a way that engages people with exciting and interactive content.

 

These ladies are uniquely positioned to have an inside beat on what is happening within the Forex and Crypto space that is affecting a lot of retail traders and the brokers that service them right now.  Check out their bios to see these how boss ladies know what they are talking about.

 

Check out Charlotte’s bio here:  http://contentworks.agency/team/charlotte-day/

Check Niki’s bio here:  http://contentworks.agency/team/niki-nikolaou/

 

Main Topics Discussed:

These Ladies take us on a tour of order flow and the differences between stocks and Forex:

 

How 2018 has been hell for Forex brokers!

How Mifid 2 has affected Forex brokers. There is a lot!

Brokers are now responsible for their partners and affiliates.

Tom gets on his soap box numerous times!

Forex broker bans, Crypto bans, ICO bans…..

How and Why Google, Twitter, the FaceBook, and now Snap Chat blocking Crypto and Binary.

Social media sites are probably going to launch their own tokens in 2018.

Brokers need certification from Google to put up ads on Google.

How the new ESMA regulations is going to affect brokers.

Massive rule changes for retail traders….sorry, your leverage is going wayyy down.

There is a new paradigm shift taking place within Forex.

Some ICO’s are great and others are complete scams.

The journey of a retail trader from fear and greed to blowing up your first account.

89% of retail traders lose between 1,600 and 29,000 Euros!

Brandon goes to a dark place (again).

Is education the best path to make retail traders trade better?

There was literally way too much content to list, have a listen and learn!

 

Where can you learn more about what Charlotte and Niki do?

Web:  http://contentworks.agency/

The Twitter:  @_contentworks

The FaceBook:   https://www.facebook.com/contentworksagency

Google +:  https://plus.google.com/u/1/101073833485950906418

LinkedIn:  https://www.linkedin.com/company/17979597/

 

 

Two Blokes Exclusive Opportunity

Want a FREE 14 day access to a live trading room where you can watch real traders making real pips in real time?  Cool, get over to https://twoblokestrading.com/tier-one-trading-review/

 

Watch Tom journal his experience.

FREE 14 day access to live trading room.

FREE training.

Watch two traders trade live on a real money account.

NO CREDIT CARD REQUIRED.

No obligation.

Your only risk is your time.

 

Not much beats free with no risk or obligations!

 

https://twoblokestrading.com/tier-one-trading-review/

Ep. 96 - Comfort Zone Vs. Trading Zone with Akil Stokes

 

This week on episode 96 of the Two Blokes Trading podcast:

This week we talk comfort zone vs. trading zone with our guest Akil Stokes from Tier One Trading https://tieronetrading.com/

Tom perfects his blogging techniques.

#BrandonWisdom shows its ugly head once again

Akil shows us what he is made of now that he is a new podcast host himself

 

Trader interview with Akil Stokes

Akil Stokes is a long-time friend of the Two Blokes podcast.  He has been kicking around the forex space for over a decade now.  He is a co-founder of Tier One Trading https://tieronetrading.com/ and now a big shot podcast host.

 

Check out Akil’s podcast called “The Trading Coach Podcast” on iTunes and Spotify.  This is not an interview style podcast like how us Two Blokes work.  This is Akil doing a quick data dump of excellent trading related insights that he feels are going to help you progress as a trader and achieve your goals.

 

Main Topics Discussed:

Having an emergency plan when your internet connection dies.

3 year old children will defeat you if you are not prepared.

Akil launches his new Trading podcast called “The Trading Coach Podcast”.

Akil interviews Tom on his beginning impressions of Tier One Trading.

Tom lets us know how he is progressing through the material. You can check out his journey at this link:  https://twoblokestrading.com/tier-one-trading-review/

Simple teaching is better than over teaching.

Brandon discovers he over teaches, or as we call it “waffles on”.

A community of like-minded traders helps us all work better and more efficiently.

Betting on yourself and knowing what you are made of.

What a comfort zone is and how you should come to terms with the realities of your comfort zone.

Are you doing what you need just to survive or are you pushing yourself.

Becoming a successful trader means you are going to have to break out of your comfort zone.

Why do we feel bad around others when we are taking the road less travelled?

Traders are entrepreneurs.

Trading is just like sports.

Just because you have success doesn’t mean that it’s here to stay….if you stop doing the things that made you successful in the first place.

“In times of adversity you sink to the level of your training”.

Akil remembers a time shooting a video where his filming partner likely tried to kill him….in fairness it was a fight scene!

Stick to what you do every day even when the market is doing nothing. You never know when you are going to have a lot of great trading opportunities.

Back test your strategies to gain confidence in your trading.

 

Akil Fight Video: https://www.youtube.com/watch?v=EVZZpD7iGjY&t=733s (NB Akil no longer works for this company!).

 

Where you can Learn More about Akil?

The best place to find him is at https://tieronetrading.com/

Twitter:  @AkilStokesRTM  https://twitter.com/AkilStokesRTM

The FaceBook:  https://www.facebook.com/TierOneTrading/

YouTube:  https://www.youtube.com/channel/UCgfQTyAIareyeDtWRCsfasA

 

You can follow Tom’s journey through his Tier One Trading experience at:  https://twoblokestrading.com/tier-one-trading-review/

Episode 095:  No BS, Order Flow and Volume Mastery

 

This week on episode 95 of the Two Blokes Trading podcast:

John Grady from No BS Day Trading http://www.nobsdaytrading.com joins for a no BS discussion on order flow and volume.

Brandon apparently is too important to show up for the interview.

Tom extends his man crush to a whole organisation.

Brandon relives the moment he lost 10 off his life.

 

Guys, if you want to check out what was happening around Brandon on May 6, 2010 from the infamous flash crash you need to check out this YouTube video.  It really starts heating up about 2 minutes in.  He was listening to this while trading in the heat of the moment and holding an uncomfortable amount of shares he could not get rid of.  One of the craziest moments of his life.

https://www.youtube.com/watch?v=0X3UFmhlyuE

 

Trader interview with John Grady: 

John Grady got his first taste of the high life as a 12 year old after meeting a 35 year old stock broker that seemingly had it all.  Fast forward a few years and John worked at a Chicago based futures trading prop firm

 

The best way to learn more about John Grady and how he got into this game is to check out his story here http://www.nobsdaytrading.com/contact/about-me/ and you can learn more about the core foundation of No BS Day Trading at http://www.nobsdaytrading.com/introduction/

Main Topics Discussed:

John takes us on a tour of order flow and the differences between stocks and Forex:

 

Level II and Depth of Market (DOM) demystified.

Mistaking luck for skill might be just the right place right time.

Why you are at a disadvantage when you can’t see bids and offers in Forex trading.

Where orders will hold a market versus when they will not.

Why the interbank market has a competitive advantage over retail traders.

Breaking down the 2010 Flash Crash in U.S. equities markets.

The Etherium flash crash of 2017.

The huge cost of trading Crypto currencies.

Trading 101: Developing a general trading methodology based on good decision making process.

Trading is all about eliminating mistakes.

Using small logical stop losses to stay out of trouble.

Your guts will tell you when you are doing something wrong.

 

Thanks again to John Grady for hanging out with us.  If you want to learn more about John and what he does the best place to find him is at http://www.nobsdaytrading.com there are lots of helpful free videos and articles to get you started.

Two Blokes Exclusive Opportunity

Want a FREE 14 day access to a live trading room where you can watch real traders making real pips in real time?  Cool, get over to https://twoblokestrading.com/tier-one-trading-review/

 

Watch Tom journal his experience.

FREE 14 day access to live trading room.

FREE training.

Watch two traders trade live on a real money account.

NO CREDIT CARD REQUIRED.

No obligation.

Your only risk is your time.

 

Not much beats free with no risk or obligations!

 

https://twoblokestrading.com/tier-one-trading-review/

Ep. 94 - Trading The Gap With David Frost

This week:

David Frost from The Lazy Gap Trader https://lazygaptrader.com joins us for an interview where he hits us with all things gap trading.

Tom has an exciting new announcement with some goodies for our listeners.

Brandon demystifies one of the biggest economic data sets every month, Non-Farm Payrolls.

And for those of you interested, Tom has sorted out his frozen pipes and hot water issues.

 

Tom Joins The Ranks Of Tier One Trading

The Team over at Tier One Trading are that confident that their product is quality that they have invited Tom to take a peek under the bonnet and provide an independent review! Oh and the whole TBT Community can join too!

Follow Tom's Journey

Sign Up for Tier One Trading

 

Trader interview with David Frost: 

This episode welcomes David Frost, otherwise known as the hardest working Lazy Gap Trader there is, joins us to talk about all things gap trading on the U.S. Equities markets.

David has been professional trader for over 2 decades so he’s no slouch.  He also worked on Wall Street for over 20 years so he knows the behind the scenes of institutional trading and management.

You can learn more about who Dave is and where he came from at http://www.mystrategicforecast.com/about/

 

Main Topics Discussed:

Dave takes us on a tour of all things gap trading by breaking down:

 

What is a gap?

Why does the gap happen?

Are there different kinds of gaps?

How long does a gap trade typically last for?

What asset classes do gap happen on?

Why does gap trading work?

What is your daily process and are there some key steps to finding quality gapping stocks?

What kind of tools do you use to help with gap trades?

What does money management look like for gap trading stocks?

What are some hard and fast rules that you have for gap trading?

Winning the wrong way….

 

Thanks again to David Frost from https://lazygaptrader.com and http://www.mystrategicforecast.com/ for taking to time to enlighten the Two Blokes.  He’s also the Lazy E-mini trader at https://lazyeminitrader.com/traders

 

If you are interested Dave has a free report on his home page that can help get you up and running when it comes to Gap Trading.

Ep. 93 - Understanding what the “Big Boys” do;  Target Trading with Scott Barkley

This week on episode 93 of the Two Blokes Trading podcast:

Scott Barkley of Pro Act Traders http://proacttraders.com/ joins us for an epic interview where we he nails us with a constant stream of actionable information from target trading to specific trade strategies.

Brandon describes a couple trades he won this week called the Tokyo Drift setup which is eerily similar to Scott’s Pole Trade described in the podcast.

Tom battles with the Beast from East who froze his pipes and forced him to go without a shower for a week (so gross).

 

Trader interview with Scott Barkley: 

 

Scott Barkley is an award winning “Target” trader and trainer mentoring students from all over the world since 2003.  He is the co-founder of Pro Act Traders http://proacttraders.com with his partner Jerry Rankin (the man behind Pro Acts Proprietary software).

 

Some of Scott’s students have gone on to win FXCM’s “King of the Mini” contest, become professional fund managers, and become analysts at some very well respected organizations.

 

Scott is currently and analysts on Invest.com, MarketFly.com, and FXstreet.com.  You can check out the Scott and Pro Act’s story here: http://proacttraders.com/our-story

Main Topics:

 

Scott digs deep into understand the motivations of the “Big Boys”, the professional bankers and institutional traders.  What are they doing today and WHY?

 

The bankers move the market for 2 reasons: to fill orders and to create a structure that all other professional traders know.

 

Price action is not random at all…the market structure is created by the Big Boys in order to get all professional traders moving price together.  This is why you can consistently see certain patterns over and over again in the Forex market.

 

Strategies:  Learn how to use the “Pole Trade” to trade what we call “Consolidation Breakouts”  and combine that with the “Break Hook and Go” to enter at a time where the odds are in your favor.  These trades happen almost every day and you can add these to your trading tools tomorrow!

 

Bankers love sideways markets because it’s easy to fill orders!

 

Scott talks about how you can use options contracts in the Forex market to gauge your expectations of where price might move in today’s trading session.

 

15 of the biggest banks in the world control 70% of the volume each and every day in the Forex market.

 

Those points were like the first 5 minutes….Scott really over delivers with excellent, actionable, and thought provoking content.  This is a must listen to podcast if you are serious about really understanding how the Forex market works!

Ep 92 - 5 Lessons From The World of Crude - Greg Newman

 

This week on episode 92 of the Two Blokes Trading podcast:

Greg Newman, founding partner of Onyx Commodities, hits us with 5 ways to take your commodity trading to the next level.

Tom kills 2 cars in one day.  

Brandon sets the stage for the forthcoming fundamentals and sentiment trading guide.

 

Trader interview:  

Greg Newman is a founding partner at Onyx Commodities http://www.onyxcommodities.com .  They specialize in proprietary trading and market making in oil derivatives.  Some of the firms traders includes fundamental and momentum traders, statistical analysis traders, and others who employ quantitative methods.  

 

Onyx was founded with the spirit of innovation and entrepreneurialism as the key elements to their continued success as a firm.  

 

Main Topics:

 

Trade what you’re Trading!:

 

You must be aware of what underlying the Future trades against and therefore what you are reflecting on when you trade.  It’s not enough to say you trade oil; you are trading a specific oil that comes from a specific location.  I.e. Brent vs. Crude.

 

Risk Management is Everything!:

 

You risk management principles are what identifies you as a trader.  You must systematically stick to your rules and criticise yourself when you break them.  Learn from the best and stand on their shoulders.

 

Tradecraft, Tradecraft, Tradecraft!:

 

You are never right; you just gave yourself the best chance to make money in any trade you take.  Stack probabilities with your trades rather than attempting ‘Guru’ timing.

 

Aggression and Conviction:

 

Don’t fall victim to bias and become part of the herd.  Don’t trade someone elses playbook, your trade has to make sense to you.  Particularly if you are intraday trading, so much is on timing so aggressive in entry (and exit!)

 

Having a Good Mental State:

 

Manage your 5 stages of grief (What I learned losing a million dollars).  Meditate, take a walk, and decompress regularly.  Keep perspective and understand that Ego is the Enemy.