Limit Up!

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This is Limit Up - the place where we explore markets, strategies and trading psychology to take your trading to the next level. Limit Up is brought to you by Topstep and hosted by Eddie Horn, who spent more than 25 years on the trading floor of the CME and the CBOT. Topstep is committed to empower…

TopstepTrader


    • Jun 2, 2023 LATEST EPISODE
    • every other week NEW EPISODES
    • 40m AVG DURATION
    • 240 EPISODES

    4.9 from 61 ratings Listeners of Limit Up! that love the show mention: trading, limit, start, host, entertaining, great podcast, love, new.



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    Latest episodes from Limit Up!

    Trading Costs & Prop Shop Payouts

    Play Episode Listen Later Jun 2, 2023 34:36


    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

    Play Episode Listen Later May 19, 2023 32:18


    Setting grounded expectations will help you make steady improvements (and keep your sanity) while trading.

    Avoiding Revenge Trading

    Play Episode Listen Later May 12, 2023 28:32


    Topstep Senior Performance Coach John Hoagland joins the podcast to discuss revenge trading and how to stop fighting the market.

    Trading Superstitions

    Play Episode Listen Later Apr 28, 2023 27:46


    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

    Play Episode Listen Later Apr 21, 2023 56:16


    Dan went live on YouTube this week to take trader questions with Topstep CEO Michael Patak. If you missed it, get it here.

    live q topstep
    Being More Selective With Trade Entries

    Play Episode Listen Later Apr 7, 2023 31:39


    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

    Play Episode Listen Later Mar 24, 2023 25:03


    Is trading stressful? Definitely. Many traders are under-rested and overleveraged. Dan and Jack are here with a few solutions.

    Trade Coaching With Eddie Horn

    Play Episode Listen Later Mar 17, 2023 25:22


    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!

    coaching trade topstep eddie horn
    Post Trade Reactions and Emotions

    Play Episode Listen Later Feb 17, 2023 27:44


    Closing out a trade often comes with conflicting emotions. Learn how to use that to your advantage.

    How to Treat Your Trailing Max Drawdown

    Play Episode Listen Later Feb 10, 2023 27:30


    Futures traders are usually pretty good about setting a daily drawdown limit. But how should you treat your unrealized gains?

    Is the Bottom in?

    Play Episode Listen Later Feb 3, 2023 22:19


    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"

    Play Episode Listen Later Jan 27, 2023 28:38


    The trading day is finished. Now it's time for perhaps the most important part of your process—a healthy dose of self-reflection.

    Prep-Trade-Reflect: Part 2

    Play Episode Listen Later Jan 20, 2023 26:42


    Today, we explore the "trade" aspect of Topstep's Prep-Trade-Reflect system with special guest John Doherty.

    Prep-Trade-Reflect: Part 1

    Play Episode Listen Later Jan 13, 2023 29:01


    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

    Play Episode Listen Later Jan 6, 2023 30:40


    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

    Play Episode Listen Later Dec 15, 2022 26:50


    John Doherty joins the podcast today to discuss which levels really matter when the market starts rocking and rolling.

    So You're Saying There's a Chance! (of a soft landing)

    Play Episode Listen Later Dec 3, 2022 29:32


    November ends with a glimmer of hope as the Fed hints at slowing rate hikes.

    CPI Surprises to the Downside (Finally)

    Play Episode Listen Later Nov 11, 2022 25:19


    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

    Play Episode Listen Later Nov 4, 2022 30:06


    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. 

    Knowing When to Punt

    Play Episode Listen Later Oct 28, 2022 27:59


    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

    Play Episode Listen Later Oct 14, 2022 24:22


    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?

    Play Episode Listen Later Sep 30, 2022 31:41


    The recent illiquidity spurs Dan and Jack to reflect on what makes a product something worth trading. 

    The Break to the Downside

    Play Episode Listen Later Sep 23, 2022 26:45


    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

    Play Episode Listen Later Sep 9, 2022 35:03


    You learn from good trades. But you learn way more from the terrible ones. Dan and Jack discuss their most spectacular trading failures. 

    Common Trading Questions with Eddie Horn

    Play Episode Listen Later Aug 26, 2022 29:18


    Original Topstepper Eddie Horn joins the show to discuss the most common questions asked by traders.

    trading eddie horn
    How to Recognize and Accept Losses

    Play Episode Listen Later Aug 19, 2022 29:56


    John Hoagland stops by to discuss the ups and downs of trading, and why managing losses might be the hardest part of the game. 

    How Prop Shops Manage Risk

    Play Episode Listen Later Aug 5, 2022 32:21


    Dan and Jack discuss their personal experiences at professional prop shops. Specifically, they dive into how these companies manage their risk. 

    The Weirdest Recession

    Play Episode Listen Later Jul 29, 2022 25:58


    It's time to get weird! Or at least as weird as one can be when talking about macroeconomics. 

    The Biggest Myths About Trading

    Play Episode Listen Later Jul 22, 2022 26:20


    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. 

    Time to Talk Oil

    Play Episode Listen Later Jul 8, 2022 23:18


    Crude Oil has been on a tear since late 2020. But lately, that rocket has come back to Earth. 

    Robinhood and the Dangers of Margin

    Play Episode Listen Later Jul 5, 2022 30:05


    Congress released their report on Robinhood and memestock mania last week. And boy, is it a doozy.

    Is a Market Vibe Shift Coming?

    Play Episode Listen Later Jun 24, 2022 27:03


    Plunging rate expectations have Dan and Jack split over the next move in equities. 

    Where the 'Smart' Money Lives

    Play Episode Listen Later Jun 17, 2022 32:33


    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?

    Play Episode Listen Later May 27, 2022 22:30


    With traders viewing everything through the lens of the Fed, good economic news might not be all it's cracked up to be. 

    Patience is a Virtue

    Play Episode Listen Later May 20, 2022 29:37


    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

    Play Episode Listen Later May 13, 2022 25:14


    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. 

    From Stocks and Options to Futures

    Play Episode Listen Later Apr 29, 2022 30:22


    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. 

    What You Need in Your Trading Journal

    Play Episode Listen Later Apr 15, 2022 31:02


    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. 

    The Wobble Continues

    Play Episode Listen Later Apr 8, 2022 26:39


    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?

    Play Episode Listen Later Mar 25, 2022 34:51


    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?

    Trading Rising Rates

    Play Episode Listen Later Mar 18, 2022 30:12


    The Fed raised rates this week for the first time since before the pandemic. How will the markets react in this new environment?

    Stay Safe Everyone

    Play Episode Listen Later Mar 11, 2022 30:03


    Volatility in markets, especially commodities, is extremely high. This is when you need to adjust your risk parameters to trade responsibly. 

    Stuff Hits the Fan

    Play Episode Listen Later Feb 25, 2022 24:38


    Dan and Jack discuss how the Russian invasion of Ukraine completely changes everything.

    Bracketology

    Play Episode Listen Later Feb 11, 2022 31:21


    Dan and Jack respond to the Fed's threat to raise rates by a whole percentage point before July (not that any of them will care, but still). Then the discussion moves to trading with bracket orders. These are a powerful tool for traders, but the results of a little experiment run by Risk Manager Mick demonstrate why they can't be used like market-making algos. 

    Congestion Areas

    Play Episode Listen Later Feb 3, 2022 31:36


    Dan and Jack reflect on today's big drop in NQ and take on the concept of trading “congestion areas.” What are they? Why are they important? Listen and you shall be enlightened! There's also a new segment where Dan reveals what's working and not working this week for Topstep traders.

    How Much Should I Risk Day Trading?

    Play Episode Listen Later Jan 27, 2022 36:51


    Discretionary trading requires a massive amount of… well… discretion. Dan and Jack rundown Thursday's market action and then partake in a lively discussion about what percent of your stack should be risked each day, week, and year (or even what you should risk, period).

    Everything We Know About Stop Losses

    Play Episode Listen Later Jan 20, 2022 31:51


    Every trader knows you need to trade with stops. But where the heck are you supposed to put them? Dan and Jack dive into initial, trailing, time, and volatility stops today in their quest to become more enlightened traders and better men.

    Rumors of Our Deaths: Greatly Exaggerated!

    Play Episode Listen Later Jan 14, 2022 28:29


    Dan and Jack are back after going "off-the-grid" for six months to discuss their 2022 trading goals, Jack's new family situation, and the new, interactive format of the podcast. Check out the Topstep YouTube Channel at 3PM CT on Thursday afternoons to be part of future live recordings. It's great to be back!

    Vetting Your Sources

    Play Episode Listen Later Jul 29, 2021 31:28


    Who do you listen to when it comes to trading? Doing your homework and staying informed is an important aspect of long term trading success. As is having a place to bounce around ideas and hear different perspectives. However it's also critical that you vet those sources. This week on Limit Up! Jack and Dan discuss the double-edge sword of easy access to trading advice and how best to evaluate your go-to sources. They'll cover some practical tips and give a few golden rules to keep in mind. Lastly, they give a heads up on their August hiatus from the show, but don't worry Jack and Dan will be back before you know it in September with all new content.  Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It's hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. 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/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)

    Building Long Term Success in Day Trading

    Play Episode Listen Later Jul 22, 2021 32:45


    How do you build long term success in day trading? That's the topic Jack and Dan are tackling this week with practical suggestions for account management, capital allocation and overall risk and money management, helping you find term success to keep you in the game. As always they kick things off with a discussion of current markets including the recent bounce-back, volatility increase and the complexities of trading the bond markets.  Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It's hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. 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/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)

    Market Corrections, Inflation, and You

    Play Episode Listen Later Jul 15, 2021 32:36


    Today Jack and Dan are discussing corrections, inflation and you - yes, you, because this could be affecting all of us. They dive into the idea of market corrections, what they are, the historical context and what you should be looking for right now if you are trading in the futures market specifically. Limit Up! is a podcast brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep) about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It's hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. 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/ (https://www.topstep.com/risk-disclosure/) https://www.topstep.com/ (Topstep) is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012. Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)

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