Aaron Fifield

I know, I've been kinda distant lately

Introduction

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Aaron Fifield

Algo trading, podcast host.


I know, I've been kinda distant lately

Posted by Aaron Fifield on .
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I know, I've been kinda distant lately

Posted by Aaron Fifield on .

This is the longest I've gone without posting a new episode (3-weeks!) It does feel a bit strange.

But there have been plenty of changes over the past few months, let me fill you in on what's been happening and what's coming up...

As you may know, I began the podcast in 2015, by 2016 it had become my full-time gig and main source of income. But this changed in November 2017, as my full-time gig has become managing a group of traders at a proprietary trading firm.

When I was (unexpectedly) offered this role, as Trader Manager, it didn't take any persuading for me to accept. Even though it wasn't exactly a "trading" role, I knew it would be great exposure to be around smart and experienced traders, while learning the inner-workings of how to run a firm.

So, what does the role entail? Monitoring traders performance and PnL, supporting traders and managing risk limits, day-to-day operations and management decisions, exploring new opportunities, etc.

There were a few challenges in taking this on though, because, well, I live in Brisbane and the firm's in Sydney. This meant it was an expensive exercise, as I was travelling back 'n forth most weekends, paying rent in a shared house and paying a mortgage in Brisbane.

I'm sure some people thought I was mad for doing this, but I had an opportunity, and sometimes you gotta do things because you simply want to without being controlled by the financials.

Of course, it was inevitable that I'd commit to making a more permanent move to Sydney. And as of a couple weeks ago, my girlfriend and I have made the move—a 12-hour road trip—after she found a job down here and we completed the full renovation on our home in Brisbane (which was a huge project!) Before / after:

Relocating meant March was a proper write-off, in terms of doing much productive. But the main reason for writing this post, was to share what's in-store for the future of Chat With Traders.

To some this may sound trivial, but having given a lot of thought to this, I'll be dialling back the episode frequency. After 150 episodes, I dropped from weekly episodes to fortnightly releases, and moving forward, I'm switching to something a bit more flexible...

I'll now be recording and releasing episodes without a set schedule. I'll be continuing to have conversations with interesting people, except they will be less frequent. The reason being, I'm devoting more energy into building a profitable and scalable trading team (more on this soon).

Continued organic growth is certainly welcomed, but striving for an increasing larger listenership is not priority. To be honest, I'm pretty chuffed having crossed 10,000,000 plays!

What else?

As I'm now in Sydney, Australia's financial capital, I have plans of doing occasional in-person video podcasts too. I feel as though this will be a lot of fun, something new and it'll allow us to have much more in-depth conversations.

I'm also keen on the idea of doing more live podcasts and Chat With Traders events. And potentially, some episodes which break the traditional format I've followed, more or less, since the beginning...

Please, make no mistake: this is not the end. This is simply a heads up for what to expect ahead of now—so that you're not in the dark wondering 'why hasn't there been a new episode this week?'

The last thing I'd like to share (or announce), is what I hinted above; how I will begin building a profitable and scalable trading team.

Everyone wants something different from trading, in my case, I'm motivated to head a trading team which is massively scalable. I know, like anyone, I can only get so far going alone as an independent trader.

I'll always remember when interviewing Blair Hull, he stated, "I have a philosophy that all great things that happen in our world happen with teams, not with individuals."

There's no question, Blair's ability to run a team of talented people has been instrumental to his success, and the same could be said for many of the big traders I've been fortunate enough interview. Plus some of the things I've seen recently, while being in a firm, have made this even more evident.

To begin with, I see this team as having an algorithmic focus towards medium frequency trading—perhaps, with a discretionary aspect in certain types of events.

Also in the beginning, I will be self-funding the entire project. Once our proof of concept proves profitable and shows solid performance metrics, then the next step will be to get prop backing and scale the operation.

To get things off the ground, I intend to collaborate with two others. If you're interested in working together, please follow this link for more info and to apply: Application Form


In summary, I want to own it in my role as Trader Manager, build a truly great trading team, and have fun doing the podcast (without a fixed schedule!)

Peace.

user

Aaron Fifield

Algo trading, podcast host.