034: Michael Melissinos – Launching a Fund at 26, and Trading Trends in 40 Global Futures Markets

Chat With Traders

Kevin Avery

Investing, Education, Business

4.8 • 2.3K Ratings

🗓️ 20 August 2015

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

When the market went down in ’08 this weeks guest, Michael Melissinos was right there, in the thick of it. He was an analyst on the trading desk at Bear Sterns, and then later at JP Morgan after they were bought out. Since then, Michael’s left his Wall Street days behind him, and now trades a fund of his own, using a systematic trend following approach, that operates on 40 global markets. Although I missed a large chunk of the story there, you’ll hear how Michael got to this stage of his career during the interview. And a few of the lessons that shaped him into the trader he is today, including the advice he received from Market Wizard, Ed Seykota. I also like Michael’s thoughts around why you should consider playing a game that’s larger than money, and the emphasis he places on preparation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Chat with traders is sponsored by Trade the Pool.
0:03.6	Our concerns about limited buying power, insufficient capital,
0:07.3	or fear of losing your own money,
0:09.5	preventing you from advancing your trading capabilities.
0:12.4	Trade the Pool is an online stock trading prop firm
0:15.8	that offers funding for stock traders.
0:18.1	Demonstrate your skills, trade their capital,
0:21.0	and keep your profits.
0:22.5	You can engage in intraday trading,
0:24.9	and now swing trading on Trade the Pool.
0:27.8	With any US stock or ETF,
0:30.3	the procedure is straightforward.
0:31.9	Pay in evaluation fee, successfully complete the evaluation,
0:35.8	and get funded.
0:36.8	Visit tradethepool.com forward slash chat to learn more.
0:57.8	Here's your host, Aaron Clayfield.
1:27.8	Let me give you the 1000 foot view of where he's come from,
1:32.8	and where he's going.
1:34.3	So Michael Melosinos started a job on Wall Street
1:38.6	about six months before the O8 crash came through.
1:42.1	So he was right there in the thick of it.
1:44.5	He was actually an analyst on the trading desk
	...

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