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With origins dating all the way back to Dow Jones founder Charles Dow, technical analysis has been both loved and reviled throughout its history. But what is technical analysis, how did it originate, and does it actually work? Jack, Dan, and John Doherty discuss this tool’s history on this week’s episode of Limit Up!
Charts. Some people love them; others question whether they actually work. To broaden your understanding of technical analysis, today’s episode of Limit Up! is diving into the history of this chart heavy theory.
Topstep’s John Doherty joins Jack and Dan to give you an overview of technical analysis history and talk about how you can integrate it into your trading toolkit. The team goes into best practices and offers their experience on when technical analysis does not work. Listen to the episode and decide for yourself whether or not you are a “chartist.”
Limit Up! is a podcast brought to you by Topstep about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. Two former professional traders host it, 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/
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! Before 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 and is a regular on the Daily Market Recap.
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