Most New Traders Are Thinking About Success Completely Wrong | Funded Ep. 13
Tradeify TV
5,148 views
Trading was part of Dan Hodgman’s life before he was old enough to understand what the markets were. His father was an old-school floor trader, and some of Dan’s earliest memories are of hearing him call in for bond prices from home. Dan eventually started trading around 2008, then stepped away to serve in the U.S. Marine Corps before returning to the trading floor and learning how the business was moving from pits to screens.
One experience changed the way he looked at risk forever: watching a trader take a position far outside the firm’s rules and create a major impact with a single trade. That moment helped lead Dan into the prop and evaluation world, where he spent just under nine years at Topstep before moving deeper into the business side of the industry. Today, he serves as VP of Business Development at NinjaTrader.
In this episode of Funded, host Maryam Rushdi sits down with Dan in London to talk about growing up around trading, leaving college for the Marine Corps, returning to the markets, and watching futures trading evolve from crowded pits and paper statements to a market that can now be accessed from almost anywhere.
Dan also breaks down the mistakes he sees newer traders make: focusing on money too early, trying to replace a 15-year career in six months, trading markets that move faster than their risk tolerance can handle, and caring more about being right than being profitable. He shares the risk lessons his father taught him, why discipline requires accountability, and why sometimes the right move is to quit for the day without quitting the journey.
This one is about risk, patience, accountability and staying in the game long enough to actually become good at it.
CHAPTERS:
00:00 - Risk First: Surviving as a Trader
03:10 - Born Into a Trading Family
06:00 - The Trade That Changed His View of Risk
10:30 - Trading, Then the Marine Corps
13:20 - The Oil Delivery Story
20:50 - How Futures Trading Has Changed
27:50 - Why Traders Self-Sabotage
32:10 - Risk Lessons From His Father
36:30 - Marine Discipline vs. Trading Discipline
47:05 - Advice for New Traders & His Younger Self
We're partnering with Ninja Trader Prop on the 🏆 PREMIER TRADING LEAGUE!
Follow the action as traders compete head-to-head throughout the $1,000,000 futures trading tournament, with top performers advancing toward the live finals in Fort Lauderdale.
Keep up with the competition, results, and latest updates here:
https://www.premiertradingleague.com/
New episodes drop Tuesdays. Subscribe now on YouTube, Spotify, Apple Podcasts, or wherever you get your podcasts.
YouTube -- @tradeifytv
Spotify -- https://open.spotify.com/show/4Oo2lGV...
Apple Podcasts -- https://podcasts.apple.com/us/podcast...
For more from Tradeify and Tradeify TV, check out our website at https://tradeify.co/
Stay connected!
Instagram – 📸 Instagram: tradeifyfunding
Twitter/X – 🐦 https://x.com/Tradeify
Discord – 🎧 Discord: discord
TAGS/KEYWORDS:
Funded, Funded podcast, Tradeify, TradeifyTV, PTL, Premier Trading League, Dan Hodgman, Dan trading, NinjaTrader, Ninja Trader, Topstep, futures trading, prop trading, futures prop firm, prop firm industry, trading floor, floor trader, Marine Corps trader, Marine veteran, trading risk management, risk management, trading discipline, trading accountability, trading psychology, trading mindset, trading losses, profitable trader, trading process, beginner trading, day trading, crude oil trading, treasury futures, bond options, trading pits, trading screens, prop firm rules, trading evaluation, trading community, trader education, trader mentorship, futures industry, Maryam Rushdi, trading podcast, futures podcast, NinjaTrader prop, trader longevity, trading patience, trading expectations, trading advice
LEGAL & DISCLAIMERS
Privacy Policy: https://tradeify.co/privacy-policy/
Terms of Use: https://tradeify.co/terms-of-use/
Risk Disclosure: Engaging in futures, forex, and other financial trading involves significant risk and is not appropriate for all investors. It is possible to lose the entire amount of your investment, or even more. Only use risk capital—money you can afford to lose without impacting your financial security or lifestyle. Trading should only be undertaken by individuals who have the necessary risk capital and fully understand the risks involved. Past trading results do not guarantee future performance. Tradeify Holdings, Corp. does not warrant the accuracy or completeness of the information provided and is not responsible for any losses or damages resulting from reliance on this information.
2 Comments
Most New Traders Are Thinking About Success Completely Wrong | Funded Ep. 13
Tradeify TV
5,148 views
Trading was part of Dan Hodgman’s life before he was old enough to understand what the markets were. His father was an old-school floor trader, and some of Dan’s earliest memories are of hearing him call in for bond prices from home. Dan eventually started trading around 2008, then stepped away to serve in the U.S. Marine Corps before returning to the trading floor and learning how the business was moving from pits to screens.
One experience changed the way he looked at risk forever: watching a trader take a position far outside the firm’s rules and create a major impact with a single trade. That moment helped lead Dan into the prop and evaluation world, where he spent just under nine years at Topstep before moving deeper into the business side of the industry. Today, he serves as VP of Business Development at NinjaTrader.
In this episode of Funded, host Maryam Rushdi sits down with Dan in London to talk about growing up around trading, leaving college for the Marine Corps, returning to the markets, and watching futures trading evolve from crowded pits and paper statements to a market that can now be accessed from almost anywhere.
Dan also breaks down the mistakes he sees newer traders make: focusing on money too early, trying to replace a 15-year career in six months, trading markets that move faster than their risk tolerance can handle, and caring more about being right than being profitable. He shares the risk lessons his father taught him, why discipline requires accountability, and why sometimes the right move is to quit for the day without quitting the journey.
This one is about risk, patience, accountability and staying in the game long enough to actually become good at it.
CHAPTERS:
00:00 - Risk First: Surviving as a Trader
03:10 - Born Into a Trading Family
06:00 - The Trade That Changed His View of Risk
10:30 - Trading, Then the Marine Corps
13:20 - The Oil Delivery Story
20:50 - How Futures Trading Has Changed
27:50 - Why Traders Self-Sabotage
32:10 - Risk Lessons From His Father
36:30 - Marine Discipline vs. Trading Discipline
47:05 - Advice for New Traders & His Younger Self
We're partnering with Ninja Trader Prop on the 🏆 PREMIER TRADING LEAGUE!
Follow the action as traders compete head-to-head throughout the $1,000,000 futures trading tournament, with top performers advancing toward the live finals in Fort Lauderdale.
Keep up with the competition, results, and latest updates here:
https://www.premiertradingleague.com/
New episodes drop Tuesdays. Subscribe now on YouTube, Spotify, Apple Podcasts, or wherever you get your podcasts.
YouTube -- @tradeifytv
Spotify -- https://open.spotify.com/show/4Oo2lGV...
Apple Podcasts -- https://podcasts.apple.com/us/podcast...
For more from Tradeify and Tradeify TV, check out our website at https://tradeify.co/
Stay connected!
Instagram – 📸 Instagram: tradeifyfunding
Twitter/X – 🐦 https://x.com/Tradeify
Discord – 🎧 Discord: discord
TAGS/KEYWORDS:
Funded, Funded podcast, Tradeify, TradeifyTV, PTL, Premier Trading League, Dan Hodgman, Dan trading, NinjaTrader, Ninja Trader, Topstep, futures trading, prop trading, futures prop firm, prop firm industry, trading floor, floor trader, Marine Corps trader, Marine veteran, trading risk management, risk management, trading discipline, trading accountability, trading psychology, trading mindset, trading losses, profitable trader, trading process, beginner trading, day trading, crude oil trading, treasury futures, bond options, trading pits, trading screens, prop firm rules, trading evaluation, trading community, trader education, trader mentorship, futures industry, Maryam Rushdi, trading podcast, futures podcast, NinjaTrader prop, trader longevity, trading patience, trading expectations, trading advice
LEGAL & DISCLAIMERS
Privacy Policy: https://tradeify.co/privacy-policy/
Terms of Use: https://tradeify.co/terms-of-use/
Risk Disclosure: Engaging in futures, forex, and other financial trading involves significant risk and is not appropriate for all investors. It is possible to lose the entire amount of your investment, or even more. Only use risk capital—money you can afford to lose without impacting your financial security or lifestyle. Trading should only be undertaken by individuals who have the necessary risk capital and fully understand the risks involved. Past trading results do not guarantee future performance. Tradeify Holdings, Corp. does not warrant the accuracy or completeness of the information provided and is not responsible for any losses or damages resulting from reliance on this information.