- Trading on the Floor of the Minneapolis Grain Exchange
- Process for Trading Wheat
- Fundamental Discretionary Trader
- Scalping, Spreading & Market Making
- Current Fundamental Thoughts on Wheat
Independent Trader & president of Croptomize
Rapid Fire 🔥
Q. What Trader has influenced your career the most and why?
A. Mark Wilson, a local we called the largest spring wheat trader by mass. He used to trade munis in CBOT but moved back to MN & pivoted to wheat at MGEX. 2 things he always emphasizes: 1) trade your edge 2) all that matters at the end of the day is if you are making money or not. Doesn’t matter if you’re right or wrong or smart or stupid or pretty or ugly or popular or not.
Q. What was one of the hardest things for you to overcome in Trading?
A. Letting the winners run. Still working on it actually. I’m the on base % guy but would be nice to hit a few more home runs.
Q. How has your trading process evolved over the years?
A. I spend a lot less time in front of the screen last few years. More position trading, less interest in that day trading component.
Q. What is one attribute that you believe every trader should have?
A. the fear of god (or at least the market)
Q. Favorite Book About Trading?
A. Reminiscences of a Stock Operator
Q. What’s the best advice you’ve received about Trading?
A. My first day on the trading floor after getting hired by a broker a local took me aside and said, “son, this is a hard way to make an easy living. You’re better off becoming a dentist—now that’s an easy way to make an easy living.” I’ve come back to that so many times through my career—this is a hard way to make an easy living.
Q. If you can give a piece of advice to the younger you about trading, what would it be?
A. Trade bigger. (not advice to your listeners!)
Q. If you had to elevator pitch me your edge in covering financial markets, what would you say?
A. I’m an expert in a very tiny corner of the market and rarely venture outside of my domain, except for entertainment purposes
Q. If you had to pick a profession other than working in financial markets what would it be?
A. Maybe running an AgTech startup that helps farmers make more money through more effective timing of grain sales?
Q. Favorite thing to do when not working?
A. Between trading, Croptomize, and my wife & three kids life is pretty busy. My favorite way to unplug is either building stuff, hanging out at my cabin on Lake Superior or heading out into the wilderness of northern MN—camping, canoeing, hiking, fishing.