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Tom Canfield

9 Podcast Episodes

Latest 1 May 2021 | Updated Daily

Weekly hand curated podcast episodes for learning

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Tom Canfield: Feeling the Joy and Sharing the Pain of Trading

The AlphaMind Podcast

Tom Canfield is a private retail trader with over 20 years in markets. Tom talks in-depth about the pain and the joy of trading and the emotional challenges he has faced in his career as a trader. Tom is a major contributor to the financial market twitter (fintwit) world and is known for his honest, deep and brutally frank reflections and insights about the reality and challenges of trading.We have been trying to get Tom on the Podcast for some time, however it was in response to a sensational Twitter thread which he pasted on the 1st January this year, that prompted us to try again. That Twitter thread, which got huge attention, inspired many to respond with their own stories. A transcript of the full thread can be read below: After trading profitably for a living every year since 2000, in late Jan of 2018 I lost 500k in an hour in the XIV blowup. It destroyed me mentally. I couldn’t think clearly for 18 months. Couldn’t stop “trying to get my money back” which just made it worse.Finally, I shut it all down scared shitless that I couldn’t trade any more. I had to protect what was left of what I had built over the previous years. The village of idiots in my head had somehow taken over the castle. I had to dive deep and fully accept the financial loss and so many other life losses that I was carrying with bitterness and anger to find neutral again. My career had become my compulsion to fix the wrongs of the past, my opiate that had huge hangovers. Thru the painful process of true awareness of what I was doing, I started day trading 100 shares of AAPL just to keep connected to my roots. Not thinking, not caring just trading my feel of the day from all that I had seen over the years.Not caring was liberating. It felt so good to trade and simply not give a shit if I made money or not. I just flipped 100 shares around based on my feel of the tape and I did this for 3 months while I licked all my wounds trying to figure out how to let it all go. cSummer 2019.The 1st month I made like 1500, 2nd month over 2k, and by the third month I had bumped to 200 shares without really realizing it, had 1 red day and made over 5k. So in Sept of 2019 I realized “well, fuck, I guess I’m a day trader.”Don’t care, don’t think, trade the tape.....just like I did as a swing trader before I went off the deep end. The rebuilding process has had its ebbs and flows as I’ve grown and clarified my structure. I’m trading more than AAPL now and I’m not trading 200 shares anymore. I’ve grown about 15-20x since that realization 16 months ago that I was now a day trader, and I’m starting to think and care again which worries me. So, here’s to 2021. Don’t care, don’t think, Trade the tape. It’s just another way of saying “Be Dumb, Follow Price” You can follow Tom on his twitter handle https://twitter.com/canny4 The tweet thread and some of the amazing responses can be viewed here: https://twitter.com/canny4/status/1345037742711971841?s=24

1hr 13mins

9 Feb 2021

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Ep 119 - Real Trading with Tom Canfield

SteadyTrade

Tim gets real with Tom Canfield

50mins

15 Oct 2019

Similar People

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Ep 119 - Real Trading with Tom Canfield

SteadyTrade

Tim gets real with Tom Canfield

50mins

15 Oct 2019

Episode artwork

Ep 119 - Real Trading with Tom Canfield

SteadyTrade

Tim gets real with Tom Canfield

50mins

15 Oct 2019

Most Popular

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Episode #13 - Trading & Life Wisdom of Tom Canfield

Confessions Of A Market Maker

Trading Wisdom of Guest Tom Canfield - a 20 year successful retail trader

1hr 39mins

18 Sep 2019

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Trading is Personal – Tom Canfield

Futures Radio Show

Guest: Tom Canfield Independent Trader Record Date:  9/25/18 Listen on —> iTunes Listen on —> SoundCloud Topics: The Bumpy Road to Becoming a Full Time Trader Finding a Strategy That Fits Your Personality Recognizing Times When You Shouldn’t be Trading Managing Yourself Revenge Trading & How to Deal with Big Losses Rapid Fire: Q. What Trader has influenced your life the most and why? A. Pat Walker  Q. What was one of the hardest things you’ve had to overcome in trading? A. Handling big losses & big successes Q. How has your trading process evolved over the years? A. It’s gotten a lot more efficient Q. What is one attribute that you believe every trader should have? A. Resilient Q. Favorite Book About Trading? A. Reminiscence of a Stock Operator Q. Favorite Movie or TV Show About Trading? A. Wall Street Q. What’s the best advice you’ve received about Trading? A. Believe in what you see and not what you believe Q. If you can give a piece of advice to the younger you, what would it be? A. Slow down.  Don’t set goals and be way more forgiving of yourself Q. Favorite thing to do when not trading? A. Watch his kids play hockey Tom Canfield’s Resources:   Twitter If you enjoy this interview with Tom & the topics discussed — be sure to listen to these other episodes with Ben BLB & Merritt Black. Context Is King – Merritt Black Systematic Trading – Nick Radge Futures Radio is a weekly talk show hosted by 18-year futures veteran and CME member Anthony Crudele, an ex-pit trader and one of the first to trade the E-Mini S&P. Each week Anthony talks with traders, CEOs, and other proven market participants about relevant trading and investing information. www.FuturesRadioShow.com

11 Oct 2018

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Brother Tom Canfield - PM

Bethel Free Baptist Church Weekly Sermons

Brother Tom Canfield

34mins

30 Nov 2014

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Brother Tom Canfield

Bethel Free Baptist Church Weekly Sermons

Brother Tom Canfield

1hr 8mins

30 Nov 2014

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Brother Tom Canfield

Bethel Free Baptist Church Weekly Sermons

Brother Tom Canfield - Missionary to Kenya

48mins

21 Jun 2009