Episodes

  • Episode 06: Mitigating Risks: Dynamic Stop Losses in Automated Trading

    Episode 06: Mitigating Risks: Dynamic Stop Losses in Automated Trading
    Jan 21 2026
    How can I combine manual trading with algo trading effectively? Cenzig Eller, the founder and CEO of Prosperity Algos Solutions, is a leading figure in the automation of trading strategies, particularly within U.S. equity markets and commodities like gold. Drawing from his extensive background in finance, high yield bonds, and infrastructure private equity, Eller is at the forefront of developing trading bots that mirror real trading strategies and create a new asset class of automated strategies. He acknowledges the potential of these bots to replicate the performance of leveraged ETFs with reduced downside risk, thanks to features like dynamic stop losses and the use of fundamental filters. Nonetheless, Eller maintains a balanced view, emphasizing the need for human oversight to counteract the limitations of automation, such as avoiding curve fitting and ensuring logical reasoning in strategy development. Key Takeaways Trading can provide a sense of liberation and adventure. Algorithmic trading in prop firms offers significant opportunities but requires discipline and effective risk management. Combining manual trading with algo trading creates diversified income streams and risk management strategies. Automating trading strategies requires a strong mechanical foundation, risk management, and portfolio diversification. Bot trading strategies aim to replicate leveraged ETF performance with reduced downside risk. Algorithmically managed portfolios aim to become a recognized alternative asset class by enhancing transparency and offering a premium client experience. AI integration in trading bots has positively impacted trading by enabling faster development, better data analysis, and news filtering capabilities. Connect with Cenzig Eller https://www.linkedin.com/in/cengiz-eller https://www.prosperityalgosolutions.com/ Connect with Troy Noonan https://www.backpacktrader.com/ https://www.youtube.com/c/BackpackTrader
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    53 mins
  • Episode 05: Cloud Control Strategy for Trade Success

    Episode 05: Cloud Control Strategy for Trade Success
    Jan 14 2026
    What is the importance of developing and following a well-thought-out trading strategy? Mike Giles, a former home builder and homeowners insurance professional, ventured into trading with no prior experience in 2023, inspired by a webinar featuring Dr. Steve Turley and Troy Noonan. Initially skeptical about the complexity of trading, Giles decided to try the Backpack Trader system, trusting in Noonan's approach and Turley's endorsement. His fresh start, free from preconceived notions or bad habits, allowed him to quickly develop into a skilled trader, eventually hosting a live trade room for private CEO Trader Mastermind members. Emphasizing the importance of trust, discipline, and persistence, Mike Giles advocates for a well-structured trading plan and sees the Backpack Trader system as an effective tool for navigating the complexities of the trading world. Key Takeaways New traders benefit from not having preconceived notions and bad habits Belief in the trading system is crucial for success Persistence and discipline are key in trading Emotional control is essential for successful trading Creating and sticking to a trade plan is crucial for sustained success The importance of developing and following a well-thought-out trading strategy Trading rules and mechanical adjustments can enhance trading outcomes Connect with Troy Noonan https://www.backpacktrader.com/ https://www.youtube.com/c/BackpackTrader
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    38 mins
  • Ep 04: Trader Community Collaboration for Success

    Ep 04: Trader Community Collaboration for Success
    Jan 7 2026
    Why is it important to define one's 'it' in trading? Tyson Clayton is a distinguished figure in the world of options trading, celebrated for his expertise in transforming intricate strategies into practical, digestible steps for traders. With over twenty years of experience, Tyson is a fervent advocate for systematic and strategic trading approaches like the double calendar and poor man's covered call, emphasizing their role in minimizing risk and generating steady income. He believes that the keys to success in trading lie not only in technical knowledge but also in cultivating faith and self-belief, dismissing the myth that options trading is inherently perilous when approached with skillful understanding. Additionally, Tyson is passionate about mentoring traders, focusing on both the emotional and technical dimensions of trading, and fostering a supportive community to aid personal growth and achieve long-term financial freedom. Key Takeaways Having systematic formulas and structured approach to trading helps avoid mistakes and leads to success. Defining one's 'it' in trading allows traders to attain freedom and motivates their trading goals. Starting with macro analysis, moving to sector analysis, and then focusing on specific stocks maximizes potential for profitable trades. Understanding options trading strategies like double calendar and poor man's covered call can lead to stable earnings and risk mitigation. Joining a trading community provides support, mentorship, and shared experiences for personal growth and success. Striving for financial independence through trading involves building assets for passive income and living life on one's own terms. Options trading allows for significant gains with minimal risk compared to traditional stock trading. Connect with Tyson Clayton http://investforit.com/ https://www.linkedin.com/in/tyson-clayton-1504692b?Connect with Troy Noonan https://www.backpacktrader.com/ https://www.youtube.com/c/BackpackTrader
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    38 mins
  • Ep 03: Silver Trading: Hedging and Strategic Approach

    Ep 03: Silver Trading: Hedging and Strategic Approach
    Dec 31 2025
    Why is it crucial to have multiple income streams for long-term financial stability? Paul Mladjenovic, a seasoned financial educator and national speaker, has dedicated over 40 years to empowering individuals with the knowledge and skills necessary for achieving financial success. His journey from a poverty-stricken background to becoming a prominent figure in financial education illustrates his belief that true financial freedom is about waking up each day to do what you love. Mladjenovic emphasizes the importance of finding passion in one's work, which leads to excellence, recognition, and ultimately, financial success. By sharing practical wealth-building strategies, such as investing in dividend growth ETFs and creating multiple income streams, Mladjenovic inspires others to transform their financial futures through strategic planning and continuous learning.Key Takeaways Passion and knowledge are key in transforming one's financial future. Doing what you love is crucial to achieving financial freedom. Investing in human needs and profitable assets is essential for passive income generation. Establishing multiple streams of income through long-term sustainable investments is key to financial independence. Hedging positions and protecting investments are crucial in trading to prevent setbacks. Smart money management and having a winning trading plan are vital for consistent growth. AI technology provides valuable tools for making informed decisions and profiting from market opportunities. Connect with Paul Mladjenovic https://www.ravingcapitalist.com/https://www.linkedin.com/in/paulmladjenovic Connect with Troy Noonan https://www.backpacktrader.com/ https://www.youtube.com/c/BackpackTrader
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    45 mins
  • Ep 02: Refocusing Rejection: Elevating Sales Confidence

    Ep 02: Refocusing Rejection: Elevating Sales Confidence
    Dec 24 2025
    Why should one consider launching a coaching program for potential financial gains? Justin Boyum, a military veteran turned entrepreneur, has developed an innovative approach to sales calls that emphasizes efficiency through understanding and trust-building. He argues that sales calls can be more effective by focusing on group presentations, which streamline communication and address client inquiries collectively, thereby increasing conversion rates. Boyum's perspective is that by taking potential clients on a journey of understanding and asking thought-provoking questions like "what if you could do it this way?", he can demonstrate the value of his product or service without relying on traditional methods. This approach not only enhances the productivity of each interaction but also aligns with his mission to empower fellow veterans in entrepreneurship by emphasizing relationship-building and trust over mere transactional exchanges. Key Takeaways Group presentations streamline sales process and lead to quicker results. Transitioning to group sales events can increase efficiency and potentially yield more sales. Launching coaching programs can result in significant success and financial gains. Building a personal brand through valuable content increases recognition and engagement. Military principles like starting the day with efficiency can lead to greater accomplishments in business. Rejection in sales should not be taken personally but used to improve presentation skills. Client relationships and preferences are crucial in achieving business success. Connect with Justin Boyum https://www.linkedin.com/company/thechargeforward/ Connect with Troy Noonan https://www.backpacktrader.com/ https://www.youtube.com/c/BackpackTrader
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    39 mins
  • Ep 01: Mastering the Art of System Trading Strategies

    Ep 01: Mastering the Art of System Trading Strategies
    Dec 17 2025
    How can simplicity in trading systems contribute to success? Felipe Guirao, a seasoned trading professional with over 12 years of experience, specializes in swing trading and US stocks and is widely recognized for his expertise in risk management strategies. Starting his career in FX trading in 2013, Felipe founded Liberty Signal with the mission of developing systems that enable traders to achieve results with reduced stress and increased freedom, emphasizing the critical importance of effective risk management. He advocates for entering trades with a predefined risk to prevent significant losses and believes that smart money management is paramount, as it allows traders to succeed even with mediocre strategies. Through his insights shared in podcast interviews, Felipe underscores the necessity of integrating indicators and probability into trading decisions, focusing on entries, stops, and risk management to ensure financial freedom and sustainability in trading. Key Takeaways Developing a trading system with indicators offering statistical edge and probability of profit is crucial for successful trading. End-of-Day Trading Strategy allows for significant returns with low drawdown by trading based on the close of the daily candle in just 20 minutes a day. Using proprietary systems like liberty signals for end-of-day trading minimizes time commitment while potentially yielding higher returns. Stock trading strategies focus on momentum, volatility, contraction, and expansion patterns to maximize returns with minimal time commitment. Risk management is essential in trading to protect accounts from losses and achieve substantial profits even with a mediocre strategy. Price action and understanding market dynamics through indicators like moving averages help traders make informed decisions and avoid overcomplicating their systems. Simplicity in trading systems is key to success, as it reduces errors, overthinking, and complications while maintaining consistency in performance. Connect with Felipe Guirao https://liberty-signal.com/ https://x.com/FelipeGuirao2 Connect with Troy Noonan https://www.backpacktrader.com/ https://www.youtube.com/c/BackpackTrader
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    35 mins