277: Garrett Drinon - Musician Turned Trader Trains Algos to Find Unicorns

Chat With Traders

Tessa Dao

Education, Business, Investing

4.9 • 2.3K Ratings

🗓️ 14 March 2024

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

The lure of the markets seduced a successful musician into full time trading at a prop firm. Collaborating with other traders, Garrett Drinon learned the market signals, and other ingredients which go into great setups. Wanting to expand his reach, he uses his programming skills to create new algos which help him and his colleagues find the Unicorns and manage a larger portfolio than he could normally handle. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You've seen the headlines. Bonds are making a comeback, but if you've ever tried to invest in bonds, you know what a clunky, complicated, broken experience it can be.
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0:20.2	designed this century.
0:21.8	Add fixed income to your portfolio with corporate treasury and municipal bonds go to public
0:28.0	com forward slash bonds podcast to get started
0:32.0	this podcast is sponsored by public. Full disclosures can be found at
0:35.7	public.com forward slash bonds. Chat with traders is sponsored by Trade the Pool. Our
0:41.9	concerns about limited buying power, insufficient capital, or fear of losing your own money, preventing you from advancing your trading capabilities? Trade the Pool is an online stock trading prop firm that offers funding for stock traders.
0:56.0	Demonstrate your skills, trade their capital, and keep your profits.
1:00.0	You can engage in inter-day trading and now swing trading on trade the pool with any US stock or ETF.
1:08.0	The procedure is straightforward. Pay an evaluation fee, successfully complete the evaluation, and get funded.
1:14.9	Visit Trade The Pool.com.
1:17.2	forward slash chat to learn more.
1:20.0	Trading in the financial markets involves a risk of loss.
1:23.3	Podcast episodes and other content produced by chat with traders are for informational or educational
1:29.3	purposes only and do not constitute trading or investment recommendations or advice.
1:35.0	And I basically turned like a very big win into an outsized loss.
1:41.0	After that I said to myself, I know how to make a good trade, but when I'm making
1:46.8	these swing trades, like I need to have better rules for getting out, right? Because there's many fish in the sea. So rather than get emotional about it and
1:55.5	attach my bias to the trade, I'd much rather have rules for when A, B and C happens, I cut half and when D happens, I cut the full thing no matter what, I don't care.
2:06.6	On to the next one, that thought just kind of spurred me into this very systematic way of thinking and once I came up with rules for everything then
	...

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