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Adapt or Perish: The Truth About Edge Erosion

The Trader's Journey

Release Date: 03/22/2025

Technical Analysis That WORKS: Charting, Behavior & Process with David Keller, CMT show art Technical Analysis That WORKS: Charting, Behavior & Process with David Keller, CMT

The Trader's Journey

In this episode of The Trader’s Journey, we sit down with David Keller, President and Chief Research Officer at Sierra Alpha Research, former President of the CMT Association, and host of the Market Misbehavior and CHART THIS podcast.  David’s journey from Bloomberg to leading research firms is defined by his thoughtful combination of technical analysis and behavioral finance. With a background in music and psychology, he offers a refreshing perspective on how mindset, routine, and market observation can provide traders with a true edge. Whether you're a chartist, a discretionary...

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Market Maker Turned Breaking News Trader: Ryan Sellers of Open Outcrier show art Market Maker Turned Breaking News Trader: Ryan Sellers of Open Outcrier

The Trader's Journey

In this episode of The Trader's Journey, Ryan Sellers (@OpenOutcrier) shares experience and knowledge from his trading journey — from the floors of the Chicago Board Options Exchange (CBOE) where he worked as a market maker to today where he trades his own capital while serving as a respected voice in the retail trading community. In this conversation, Ryan walks us through the wisdom he's learned over the decades to become a successful trader: the institutional foundation, the changing market cycles and painful transition to solo trading, the evolution of mindset, and so much more. If...

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Military Barracks to Multi Millionaire Trader with Tapereader show art Military Barracks to Multi Millionaire Trader with Tapereader

The Trader's Journey

In this episode of The Trader’s Journey, Anthony sits down to chat with Tapereader – a veteran trader who transformed an initial stake of $4,000 into over $16 million across a 29-year career. TapeReader shares the realities behind long-term trading success: from his humble start trading out of an Air Force barracks in the 1990s, through surviving the dot-com bubble and 2008 market crash, to achieving financial independence. In 2010, at age 34, he “retired” after hitting eight-figure profits, choosing to take a 10-year sabbatical from the markets to raise his four young...

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How Elite Traders Can Avoid Burnout show art How Elite Traders Can Avoid Burnout

The Trader's Journey

In this special group episode of The Trader’s Journey, Anthony moderates a high-impact discussion with professional traders Neil O'Donnell and Dan Beardsley, along with world-class high performance coach Dr. Tom Crawford. Together, they explore the hidden cost of success, the mental game behind elite performance, and how to build a sustainable, long-term career in trading. From managing pressure to navigating burnout, this conversation delivers raw, real, and actionable insights for any trader serious about lasting success.

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The Blueprint for Trading Consistency with Dan Beardsley show art The Blueprint for Trading Consistency with Dan Beardsley

The Trader's Journey

In this special in-person episode of The Trader's Journey, Anthony sits down for an in-depth conversation with Dan Beardsley, a disciplined and data-driven trader who has carved out a path to elite performance in the markets. In this episode, we unpack Dan’s evolution—from majoring in Finance to earning a coveted seat at Trillium, one of the top proprietary trading firms in the country. Dan shares how he found his footing in an unforgiving market, learned from legendary mentors, and eventually became a mentor himself. We dive deep into his process of tracking and reviewing every trade,...

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Dot Com Bubble to Meme Stocks: Surviving the Markets with Neil O’Donnell show art Dot Com Bubble to Meme Stocks: Surviving the Markets with Neil O’Donnell

The Trader's Journey

In this episode of The Trader's Journey, Anthony sits down with Neil O'Donnell, a seasoned trader who began his career in March 2000—just days after the Nasdaq peak during the dot com bubble.  Neil shares his fascinating path from anthropology student and rower in England to professional trader, breaking down the grind, growth, and evolution it takes to succeed across decades of changing markets. From blow-off tops to meme stocks, from trading the news to adapting to AI and algos, Neil delivers raw insight on staying in the game, adapting without ego, and building a career that lasts...

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Pharmacist Turned Pro Trader show art Pharmacist Turned Pro Trader

The Trader's Journey

In this episode of The Trader’s Journey, Anthony sits down with Brice Foose, prop trader at Seven Points Capital. Brice’s story is one of true resilience—from surviving childhood cancer to working as a pharmacist before walking the long path to profitability in trading. Brice opens up about his early struggles, his worst single trade ever, and the lessons learned the hard way from managing risk, reviewing every day, and rebuilding confidence after deep drawdowns. This is an honest look at the ups and downs of Brice's unique trading journey.

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How This Prop Trader Became a Golden Goose show art How This Prop Trader Became a Golden Goose

The Trader's Journey

In this anonymous yet deeply personal episode of The Trader’s Journey, Anthony speaks with veteran proprietary firm trader Goose, whose 12+ year journey has taken him from hopeful trader to becoming consistently profitable and eventually mentoring other traders. Goose shares his full journey—early failures, pivotal trades, mental breakdowns, and recovery—along with the real mindset it takes to survive both the markets and prop firms. From trading earnings, to how he think about reading 'the box' to navigating drawdowns, Goose brings a refreshing, thoughtful take on what trading success...

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Adapt or Perish: The Truth About Edge Erosion show art Adapt or Perish: The Truth About Edge Erosion

The Trader's Journey

In this special roundtable episode of The Trader's Journey, Anthony is joined by Investors Underground traders and moderators Chris Lanzilotti, Nick Kasnett, Stan 'Godfather' Ivanov, and Ariel Hernandez. Together, they dive deep into the debated topic of edge erosion — is it real, or just an excuse traders use when markets shift? The group discusses how adaptability, understanding market cycles, and continuously refining your approach can protect and even enhance your trading edge. They explore how professional traders manage to consistently stay profitable, despite changes in market...

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Follow the Money: Ariel Hernandez’s Path to Millions show art Follow the Money: Ariel Hernandez’s Path to Millions

The Trader's Journey

In this episode of The Trader’s Journey, Anthony sits down with Ariel Hernandez, a successful and highly regarded trader known for his deep understanding of sector rotation, market cycles, and swing trading. Ariel shares his trading evolution, from early struggles to refining a strategy that allows him to align with institutional money flow and spot market shifts. Ariel then breaks down how traders can scan for stocks to identify strength and weakness across groups and industries, develop conviction, manage risk, and thus avoid the most common pitfalls that lead to failure.

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More Episodes

In this special roundtable episode of The Trader's Journey, Anthony is joined by Investors Underground traders and moderators Chris Lanzilotti, Nick Kasnett, Stan 'Godfather' Ivanov, and Ariel Hernandez. Together, they dive deep into the debated topic of edge erosion — is it real, or just an excuse traders use when markets shift?

The group discusses how adaptability, understanding market cycles, and continuously refining your approach can protect and even enhance your trading edge. They explore how professional traders manage to consistently stay profitable, despite changes in market dynamics and increasing competition.