Chat With Traders — coverage on Heardvine

Oct 28 · 335 · Alex Temiz and Bao Nguyen - Why Your Trading Strategy Might Be Wrong for You5 stories

Alex Temiz Reveals He Once Made $5 Million in a Single Day

Alex Temiz shares that despite starting a trading day down $10,000, he ultimately made $5 million by the end of the session, an outcome he did not expect.

Traders Emphasize the Importance of Pre-Planning Entries, Exits, Stops, and Targets

Alex Temiz explains that if a trader's heart is racing or hands are sweaty, it indicates they have failed to plan their entry, exit, stop, or target. He recommends using post-it notes on trading screens to maintain strict adherence to a pre-planned strategy.

Alex Temiz Advocates Cutting Position Sizes and Sticking to Stricter Risk Management

Alex Temiz argues that position size is frequently the biggest barrier for traders rather than the strategy itself, noting that reducing size by half can often lead to success.

Bao Nguyen Explains How He Uses AI Tools to Automate Diligence and Research

Bao Nguyen discusses using AI prompts to check stock dilution, reverse splits, catalysts, and earnings dates in seconds, saving significant time on manual financial filing reviews.

Alex Temiz and Bao Nguyen Discuss Weekly Profit Withdrawals to Secure Earnings

Alex Temiz details his strategy of routinely wiring out profits on a weekly basis, arguing that money left in a trading account remains at risk of loss.

Sep 30 · 333 · Tim Furey - Why Defense, Not Offense, Makes You a Profitable Trader5 stories

Tim Furey on Near-Death Experience and Trading Floor Intimidation

Tim Furey recounts a harrowing medical emergency where he was told he had only two hours to live, undergoing a complex surgery. He also describes his intimidating first day as a floor trader at Merrill Lynch Futures, a place characterized by "hundreds of angry people yelling and screaming."

Tim Furey's Founding of TradeView Markets: A Bet on Himself

Tim Furey, founder and CEO of TradeView Markets, detailed the genesis of his global brokerage firm. He described it as a moment where he "bet on himself," using "every single penny" to establish the company.

Key Trading Lesson: The Importance of Learning How to Lose

Tim Furey shared a core lesson learned from his time in the trading pit: the fundamental necessity of understanding how to lose. He stated, "What is the biggest thing I learned in in the trading pit? And how did we make money, right? And to answer that is, you have to learn how to lose."

TradeView Markets: A Global Brokerage with 200+ Employees

Tim Fury, founder and CEO of TradeView Markets, leads a global brokerage with over 200 employees across multiple countries. The company serves traders worldwide, building on Furey's extensive experience from commodity brokering and trading floors.

Tim Furey's Early Career: Youngest at Merrill Lynch Futures

Tim Furey began his career in the Merrill Lynch Futures division, where he achieved the distinction of being the youngest person hired in nearly four decades. This early experience set the stage for his subsequent career in financial markets.

Sep 16 · 332 · Steve Nison - The Man Who Introduced Candlestick Charting to the West5 stories

Steve Nison Introduced Japanese Candlestick Charting to the West

Steve Nison recounts how he discovered Japanese candlestick charting in the late 1980s through a Japanese broker. Initially unknown in the West, Nison researched and published about this methodology, leading to significant demand, with Merrill Lynch receiving over 10,000 requests for his educational piece.

Candlestick Charts Now Universally Used, Nison Claims

Steve Nison believes his technical analysis book is perhaps the most important in the world due to the universality of candlestick charting. He notes that while some traders use moving averages, trend lines, or Bollinger Bands, candlestick charts are now used by virtually everyone.

Steve Nison's Early Career in Technical Analysis

Steve Nison began his career in the early 70s at Dushar Commodity Corporation, providing timing advice for major companies. He later became a junior technical analyst at E.F. Hutton in the early 80s, focusing on financial futures.

Nison's Role at Merrill Lynch and Introduction to Candlesticks

Steve Nison moved to Merrill Lynch as a technical analyst and options specialist, where he provided trade recommendations to brokers. It was during this time, after E.F. Hutton's bankruptcy, that he encountered a Japanese broker who introduced him to candlestick charting.

Candlestick Charts: A Secret Weapon for Nison's Trading Success

Steve Nison admitted that when he began understanding candlestick charting, he used it for his recommendations without explicitly telling others, and it led to his highest performing track record. This success provided the financial incentive and drive to continue developing his expertise.

Aug 5 · 329 · Peter Brandt - How a 50-Year Veteran Thinks About Risk Management5 stories

Peter Brandt: Trading Success Takes 3-5 Years to Develop

Veteran trader Peter Brandt stated that becoming profitable in trading typically takes three to five years. He explained that new traders often have unrealistic expectations of quick riches and fail to account for the time needed to develop skills and a robust trading process.

Brandt: Charts Are Tools, Not Crystal Balls

Peter Brandt emphasized that trading charts are merely tools for defining risk and identifying potential entry points, not predictive instruments. He argued that true trading edge comes from risk management, emotional control, and a well-defined process, not from interpreting chart patterns alone.

Brandt's Trading Philosophy: Assume Losses, Manage Risk

Peter Brandt revealed his trading assumption is that every trade will be a loser, which drives him to focus on risk management rather than seeking validation. He believes this mindset helps traders avoid overconfidence and maintain a disciplined approach.

Peter Brandt's 50-Year Trading Career Started in 1970s Commodities

Peter Brandt shared that his trading career began in the 1970s, trading gold and currency futures shortly after they became available. He experienced various market cycles, including inflationary booms and crashes, transitioning from open outcry to electronic trading.

Brandt: Don't Quit Your Day Job to Trade Without Proof of Profitability

Peter Brandt advised aspiring traders against quitting their jobs prematurely, emphasizing the need for proven profitability first. He suggested that a trading account should be funded with profits already earned, and separate funds should be available for living expenses.

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Jul 8 · 327 · David Capablanca - From Skid Row Showers to Short Selling Master5 stories

David Capablanca's Journey from Skid Row to Trading Success

David Capablanca shared his story of hitting rock bottom as a trader, living in his car and showering on Skid Row, while simultaneously experiencing his first profitable months. He described this period as a "rollercoaster" during Covid, where he was digging himself out of a financial hole. Capablanca emphasized that his transition into trading required him to completely change his habits and routines, a process that began around 2016.

Capablanca's 'Burning the Boats' Philosophy for Trading

David Capablanca attributes his trading success to a "burning the boats" philosophy, inspired by Hernan Cortez. This approach signifies total commitment and no retreat, which he applied to his trading mastery. This involved extreme sacrifice, including sleeping in his office, living out of his car, and showering on Skid Row, all while isolating himself from society and renouncing material comforts.

David Capablanca's near-death experience and its impact

David Capablanca revealed that a life-threatening brain tumor and a near-death experience significantly changed his life direction. He described the experience as traumatic, leading to around 150 staples in his head. This pivotal moment at age 25 forced a change, making him realize that younger individuals might find it easier to adapt and change their ways.

Capablanca's view on Skid Row during Covid

David Capablanca detailed his experience showering on Skid Row during the Covid-19 pandemic, noting that many facilities like gyms and hotels were closed. He mentioned the presence of the National Guard in downtown hotels and protests occurring concurrently. Despite these challenging circumstances, he was having his first profitable months in trading, which he described as life-changing money.

Four Years of Struggle Before Trading Success

David Capablanca shared that he did not make any money from trading for almost four years, from 2016 to 2020. During this period, he was focused on self-development, stopping alcohol consumption, avoiding negative influences, and consuming any trading material he could find, distinguishing good information from bad.

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