338 episodios
334 · Andrew Perry - What $450M Portfolio Manager Learned From Paul Tudor Jones
14/10/2026 | 1 h 19 minAndrew Perry spent over 35 years at the intersection of institutional macro research and active portfolio management, including five years as a portfolio manager at Tudor Investment Corporation under Paul Tudor Jones. Managing up to $450 million, Andrew developed a disciplined, multi-dimensional framework to understand where global markets are going and how to structure trades with strict risk management.
After entering the financial markets during the 1987 crash, Andrew learned firsthand how market regimes and trader psychology shape long-term survival. Today, through Macro Pillars, he distills decades of experience into a structured 5-pillar approach, combining government policy, nontraditional liquidity, monetary mechanics, technicals, and price execution, to help traders separate market noise from real edges.
In this conversation, Andrew shares the priceless lessons learned from working alongside legendary trader Paul Tudor Jones, why time horizon and adaptability outweigh being right, and how major market dates (like Treasury funding shifts) create key structural turning points.
In this episode, we explore:• What $450M Portfolio Manager Learned From Paul Tudor Jones• Andrew’s entry into markets during the 1987 crash and how it shaped his view of risk• Life inside Tudor Investment Corporation and managing capital at scale• Why winning 55% of the time is enough when risk-reward is properly managed• The 5-part Macro Pillars framework: Policy, Liquidity, Monetary Mechanics, Technicals & Execution• The significance of non-traditional liquidity, Treasury issuance, and key dates• Understanding the Move Index (bond volatility) as a key indicator over the VIX
About Andrew Perry:Andrew Perry is an institutional macro portfolio manager with over 35 years of market experience. He previously managed FX risk at Commonwealth Bank of Australia, served as a Portfolio Manager at Tudor Investment Corporation, and held senior trading roles at Nomura. He is the founder of Macro Pillars, a service designed to provide professionals with a rigorous, independent perspective on macro markets and liquidity.
Links + Resources:Website: https://macropillars.com/Twitter/X: https://x.com/MacroPillars_Youtube: https://www.youtube.com/@MacroPillars
Free Trial: https://confirmsubscription.com/h/signup/t/CBDE5ADDD9C6BAC5
Sponsor of Chat With Traders Podcast:Trade The Pool: http://www.tradethepool.com
Time Stamps:Please note: Exact times will vary depending on current ads.00:00 What a $450M Portfolio Manager Learned From Paul Tudor Jones
06:04 How Your Background Influences the Way You Trade
11:47 Winning 55% of the Time vs. Cutting Losses and Letting Winners Run
16:26 Managing an Internal Hedge Fund with $50 Million in Capital
21:40 Why Time Horizon Matters and Matching Risk Parameters
28:28 Why Being a One-Dimensional Trader Leads to Failure
31:50 Overview of the 5 Macro Pillars Framework
38:18 What Is the Difference Between Good and Bad QE?
43:57 Why the Move Index Is So Important
51:39 Why Starting a Career with a Big Win Can Be Bad News for Traders
44:56 Key Takeaways from Treasury Bond Announcements and Issuance
01:01:05 Memorable Stories and Hard Lessons Over a 35-Year Career
01:06:32 Adapting to Market Shifts When Other Traders Refuse to Change
01:10:36 Why Many People Enter Trading for Freedom and the Reality
01:13:17 Crucial Advice for Beginner Traders
01:14:00 Where to Find Andrew Perry and Access a Free Trial of Macro Pillars
Trading Disclaimer: Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
Learn more about your ad choices. Visit megaphone.fm/adchoices- Tim Furey went from surviving the high-intensity floor trading pits of the Chicago Board of Trade to surviving a near-fatal medical emergency, ultimately building TradeView Markets into a global financial brokerage.After getting his start as Merrill Lynch's youngest commodity broker hire in nearly four decades, Tim risked everything to move to Chicago and learn the craft of floor trading. Through grueling pit battles, he learned the ultimate lesson in market survival: mastering defense and managing risk above all else. Years later, while running his firm and raising a family, Tim survived a sudden medical crisis where doctors gave him a 5% chance of living, an experience that further cemented his relentless drive, resilience, and vision as a leader.In this conversation, Tim breaks down his "hungry dogs run faster" mindset, the lost art of pit trading, why defense creates offense in the markets, and how he turned adversity into fuel to build a global financial services brand.
In this episode, we explore:• Lessons learned from legendary mentor Jeff Stoutland ("Hungry dogs run faster")• Becoming Merrill Lynch’s youngest commodity broker hire in nearly 40 years• Survival in the Chicago Board of Trade pits and the concept of the "power of the lean"• Why risk management and learning how to lose are the keys to long-term trading survival• Transitioning from prop trading to launching TradeView Markets• How a near-fatal medical emergency and a 5% chance of survival reshaped his life and mindset
About Tim Furey:Tim Furey is the Founder and CEO of TradeView Markets, a global multi-asset brokerage serving traders worldwide. Beginning his career in Merrill Lynch’s Futures Division, Tim went on to trade on the floors of the Chicago Board of Trade before transitioning to proprietary trading and entrepreneurship. Known for his resilient leadership and commitment to continuous improvement, Tim leads TradeView Markets while actively supporting amateur sports initiatives, including women's rugby in the Cayman Islands.
Links + Resources:LinkedIn: https://www.linkedin.com/in/timfurey/Instagram: https://www.instagram.com/timfurey.ceo/Facebook: https://www.facebook.com/timfureyofficial/Website: https://www.tradeviewmarkets.com/en/
Tim’s Book Recommendations:How to Win Friends and Influence People by Dale Carnegie: https://www.amazon.com/dp/0671027034Reminiscences of a Stock Operator by Edwin Lefèvre: https://www.amazon.com/dp/0471059706The Magic of Thinking Big by David J. Schwartz: https://www.amazon.com/dp/0671646788Think and Grow Rich by Napoleon Hill: https://www.amazon.com/dp/1585424331The Education of a Bodybuilder by Arnold Schwarzenegger: https://www.amazon.com/dp/0671797484 Sponsor of Chat With Traders Podcast:Trade The Pool: http://www.tradethepool.com
Time Stamps:Please note: Exact times will vary depending on current ads.
00:00 Why Defense, Not Offense, Makes You a Profitable Trader
04:10 The Mindset You Need To Have
08:06 Talking About My Mentors “Hungry Dogs Run Faster”
12:38 How Do You Stay Hungry When Your In Success16:58 Being A Trader In Chicago Board Of Trade21:11 The Power Of The Lean26:06 Defense Turn Into Offense31:23 The Trader’s Gut33:48 Starting Tradeview Markets35:46 My First Ever Trade In High School41:10 What Do You See In Traders That Make Them Last?45:31 Which Markets Has The Highest Success?50:44 How Do You Identify Top Performers?55:23 Going Into A Coma01:04:03 Giving Back To People01:06:51 What’s One Of Your Best Trade?01:08:45 Your Worst Trade?01:10:05 What Advice Do You Give To Traders?01:13:49 Book You Recommend To Traders01:16:26 What Lesson I’ve Learned In Trading01:17:29 Where Can Traders Find You?
Trading Disclaimer:Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
Learn more about your ad choices. Visit megaphone.fm/adchoices - Steve Nison came to Wall Street as a technical analyst in the late 1980s, discovered an obscure Japanese charting methodology, and spent years translating rare texts to introduce candlestick charting to the Western world.Through his landmark research, bestselling books, and institutional training at major firms like Merrill Lynch and Daiwa Securities, Steve opened the eyes of global investors to the power of price action and market psychology. Today, candlestick charts are the universal standard across virtually every financial trading platform in the world.In this conversation, Steve pulls back the curtain on how candlesticks first arrived in the West, sharing the cultural and military roots of candlestick patterns, market psychology, and his foundational Trading Triad framework.
In this episode, we explore:• How Steve Nison introduced Japanese candlestick charting to the Western world• Discovering candlesticks at Merrill Lynch through a Japanese broker and early Bloomberg charts• Translating 13+ rare Japanese books and working with Japanese technical organizationsy• Why candlesticks complement rather than replace traditional Western technical analysis• The mechanics behind his "Trading Triad" approach• Steve’s reflection on how candlesticks became the global charting standard• Advice for the next generation of traders pulling up candlestick charts today
About Steve Nison:Steve Nison, CMT, is the founder and president of Candlecharts.com and is widely regarded as the authority who introduced Japanese candlestick charting to the Western world. He authored the landmark classic Japanese Candlestick Charting Techniques, which has been translated into 21 languages and fundamentally changed technical analysis across global financial markets. Over his 30+ year career, Steve has advised top institutional financial firms including Fidelity, J.P. Morgan, Goldman Sachs, Morgan Stanley, NYSE, and NASDAQ market makers and has presented by request at the World Bank and the Federal Reserve. Links +
Resources:Get Free Candlestick Resources, a Free Consultation Call, and a $20 Gift towards your first program: https://www.candlecharts.com/welcomeWebsite: https://www.candlecharts.comX (Twitter): https://x.com/candlecharts
Sponsor of Chat With Traders Podcast:Trade The Pool: http://www.tradethepool.com
Time Stamps:Please note: Exact times will vary depending on current ads.
00:00 The Pioneer Who Brought Candlesticks to the West
07:42 A Japanese Broker and a Chart Book
08:35 Translating Rare Japanese Texts & Working with Japanese Analysts
10:22 Making Recommendations Based on Candles
13:46 Why Were You the First?
15:02 Military and Cultural History Behind Candlesticks
19:08 The Story Behind Discovering Price Windows
22:19 Everybody's Using Candlesticks
25:39 Dealing with Institutional Clients
28:14 The Lucky Number Three
31:19 Common Misconceptions Traders Have About Candlestick Patterns
32:36 The Trading Triad
36:34 An Ounce of Emotion Can Be Worth a Pound of Facts
41:01 Reflecting on the Global Shift to Candlestick Charting
41:55 Essential Advice for the Next Generation of Traders
42:48 Where to Learn More About Steve Nison & Candlecharts
Trading Disclaimer: Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
Learn more about your ad choices. Visit megaphone.fm/adchoices - Jeff Holden was once a kid watching his father get laid off during a department cut, realizing early on that he never wanted to be at the mercy of unpredictable market shifts, he wanted full control over his own destiny. Today, as the Head of Trader Development at SMB Capital, Jeff has transformed that drive into a career of identifying, recruiting, and mentoring prop traders into multi-million dollar, seven- and eight-figure performers. After starting as an independent trader working to find his own way, Jeff built his philosophy around structure, baseline consistency, and rigorous risk allocation. Rather than relying on guesswork or emotional "gut feelings," Jeff developed actionable frameworks like the "ASET" protocol to help traders systematically identify edge, manage risk, and scale capital. In this conversation, Jeff pulls back the curtain on how top-tier prop traders are actually built from the ground up. He breaks down the mechanics of price action and tape reading, why scalping serves as the ultimate baseline foundation, and how traders can bridge the gap between steady baseline income and aggressively swinging the bat on high-conviction A+ setups. In this episode, we explore:• How Jeff Holden develops high-performing 7- and 8-figure prop traders at SMB Capital• Jeff’s personal backstory and how a childhood lesson in market volatility shaped his trading philosophy• Why beginner and developing traders must focus on building a consistent baseline strategy first• The "ASET" Protocol: Allocation, Stop, Entry, and Target framework explained• Matching your individual personality and trading psychology to the right archetype and strategy• Jeff’s perspective on trading discipline, daily report cards, and long-term risk management
About Jeff Holden:Jeff Holden is the Head of Trader Development at SMB Capital, one of the world's premier proprietary trading firms. Having started his career as an independent trader working to find his own way in the markets, Jeff now specializes in identifying talent, building desk playbooks, and guiding developing traders along the path to consistent, seven- and eight-figure profitability. He is known for his structured, data-driven approach to risk allocation, tape reading, and team trading dynamics.
Links + Resources: LinkedIn: https://www.linkedin.com/in/jeff-holden-357a1b31a/SMB Capital Website: https://www.smbtraining.com/YouTube: https://www.youtube.com/@smbcapitalX (Twitter): https://x.com/smbcapital
Sponsor of Chat With Traders Podcast:Trade The Pool: http://www.tradethepool.com
Time Stamps:Please note: Exact times will vary depending on current ads.00:00 How Top Prop Traders Find and Scale Their Edge04:05 A Bunch of Nerds Excited About Trading08:42 The Formula for a Trading Career: Baseline Strategies + A+ Setups 14:11 How Not to Approach Trading17:02 Consistency First: The 4-Month Consistency Rule19:55 How Jeff Started Trading & Why SMB Starts Traders with Scalping25:15 Deconstructing the “Bella Scalp”30:33 Price Action Scalping vs. Tape Scalping36:48 Is There a Point in Time a Trade Can Be Adjusted? 40:08 The ASET Protocol: Allocation, Stop, Entry, and Target Breakdown54:00 At What Point Do You Shut Your Computer Down?59:22 Do the Work and Analyze What's Happening in the Market01:11:21 The 3 Archetypes of Traders and Their Internal Self-Talk01:16:01 Commonalities of Traders' Personalities?01:18:38 Traits Jeff is Looking for in Traders01:21:53 Passion is Overrated in Trading01:24:18 Community Trading vs. Team Trading 01:28:56 The Single Greatest Thing That Developing Traders Need to Get Right01:32:04 Where to Follow Jeff Holden & SMB Capital
Trading Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
Learn more about your ad choices. Visit megaphone.fm/adchoices - Steve Quirk began his career in 1987 on the fast-paced trading floors of Chicago, surviving the historic market crash that wiped out $1.7 trillion worldwide.From navigating open-outcry pits where a trader's word was their bond, Steve transitioned into market technology, helping build landmark tools at thinkorswim and leading trading strategy initiatives at TD Ameritrade. Today, as Chief Brokerage Officer at Robinhood, he sits at the intersection of retail investing, market structure, and financial innovation, shaping products for millions of retail investors.In this conversation, Steve shares key lessons from decades in the markets, the evolution of retail trading technology, and how removing friction like the Pattern Day Trader rule is unlocking the next era of retail investing.
In this episode, we explore:• Steve’s early days in the Chicago trading pits in 1987• Why decisive decision-making and accepting being wrong 50% of the time is crucial• The transition from floor trading to building technology at thinkorswim• How Robinhood levels the playing field for retail investors and opens up global access• Managing risks: framing the absolute worst-case scenario before taking a trade• The impact of removing the Pattern Day Trader (PDT) rule for retail traders
About Steve Quirk:Steve Quirk is Chief Brokerage Officer at Robinhood Markets. With over 35 years of financial markets experience, he previously led trading strategy at TD Ameritrade, developed innovative trading tools for thinkorswim®, and created the TD Ameritrade U program. Steve started his career in 1987 in the Chicago open-outcry pits across the CME and CBOE, and is a frequent market commentator featured on CNBC, Fox Business, and The Wall Street Journal.
Links + Resources:LinkedIn: https://www.linkedin.com/in/steve-quirk-56148a22/X (Twitter): https://x.com/SteveQuirk_
Sponsor of Chat With Traders Podcast:Trade The Pool: http://www.tradethepool.com
Time Stamps:Please note: Exact times will vary depending on current ads.
00:00 From Chicago Pit Trader to Robinhood Exec
02:57 What Pulled You to the Market?
07:17 Trading Pits Are More Organized Than They Appear
11:51 Transitioning to Creating Technology for Retail Trading
19:01 Leveling the Playing Field for Retail Traders
21:10 Giving People What They Want
24:45 Did You Fall in Love with Scaling Robinhood Like You Did with Trading?
29:48 What Robinhood Is Doing to Teach
32:12 Early Mistakes in Trading
34:31 Advice to People from Robinhood CBO
36:44 What's Your Next Product Going to Be?
40:24 What Is the PDT Rule?
43:23 What Is a Memory That Came to Mind in Your Trading Career?
45:16 Is There Anything in Your Life That Changed Your Line of Thinking?
46:22 Your Piece of Advice to Your Younger Self
46:57 Where Can Traders Find You?
Trading Disclaimer: Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Más podcasts de Economía y empresa
Podcasts a la moda de Economía y empresa
Acerca de Chat With Traders
Chat With Traders is your key to the minds of trading's elite performers. Start listening to learn how a diverse mix of traders went from zero to hero, how they successfully trade markets today, and get their best tips 'n pointers for profitable performance, plus much more. Note: You are responsible for your own trading decisions—this is not financial advice.
Sitio web del podcastEscucha Chat With Traders, Unhedged y muchos más podcasts de todo el mundo con la aplicación de radio.net
Descarga la app gratuita: radio.net
- Añadir radios y podcasts a favoritos
- Transmisión por Wi-Fi y Bluetooth
- Carplay & Android Auto compatible
- Muchas otras funciones de la app
Descarga la app gratuita: radio.net
- Añadir radios y podcasts a favoritos
- Transmisión por Wi-Fi y Bluetooth
- Carplay & Android Auto compatible
- Muchas otras funciones de la app

Chat With Traders
Escanea el código,
Descarga la app,
Escucha.
Descarga la app,
Escucha.
Chat With Traders: Podcasts del grupo


























