Business
When it comes to trading, Gary Morrow, investment advisor and President of Yosemite Asset Management, considers himself a bull. He was around for the 1987 crash and currently counsels investors both in his private practice and on his popular blog, This Week on Wall Street. His advice for nervous traders: embrace the decline.Gary joined Jack and Dan for a discussion on his life as a trader and his biggest tips for new investors. He encourages traders to grow their confidence and systems, so they don’t succumb to panic selling. For Gary, trading is akin to climbing Yosemite: focus and precision are key. Tune in for Gary’s tips and our weekly market reaction.(01:23) - Market Reaction(06:54) - Interview with Gary Morrow(08:55) - Getting involved with trading(12:20) - Transitioning off the floor(17:15) - Creating Yosemite Asset Management(20:15) - Writing on TheStreet(21:58) - This Week On Wall Street(27:23) - Embrace the decline(30:16) - Time-tested indicators(32:56) - Invest in the best, forget the rest(35:25) - Getting your feet wet(37:22) - Managing risk Gary Morrow is an investment advisor and president of Yosemite Asset Management. He spent 12 years on the floor of the Chicago Mercantile Exchange trading foreign currency and interest rate futures. He has a popular blog called, This Week on Wall Street. Limit Up! is a podcast for traders of all levels brought to you by TopstepTrader. Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory.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.Looking to enhance your trading performance? TopstepTrader’s Performance Coaches work one-on-one with traders to help them find market opportunities, review daily statistics, manage setbacks and progress in their trading. Gain a path to progress by signing up today: https://info.topsteptrader.com/performance-coachingAttend a free group coaching session offered every Wednesday at 1PM CT to get an idea of what Topstep Performance Coaches offer: https://zoom.us/webinar/register/WN_nZpAita9Rz-2_yMUjtkvpwIf you'd like to receive new episodes as they're published, please subscribe to Limit Up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.