Taking losses, ultimately winning · Sean Hendelman, T3 Trading

EP 116: Taking losses, ultimately winning, and keeping pace with markets – Sean Hendelman

Sean Hendelman is the co-founder and CEO of T3 Companies.

T3 is one of the larger proprietary trading firms in the U.S. And incase you’re curious, the three T’s of T3 stand for; trading, training and technology.

A few of the things Sean and I spoke about, include; how he got his start, how he lost all his money twice—and why it was a worthwhile experience (in hindsight), and some of the great lessons he’s learned from the business of trading.

Even as CEO today, Sean is still very hands on with T3’s automated trading, so we also had an interesting conversation around this—some of his comments and views may actually surprise you. And hand traders, need not feel neglected, because there’s something in this for you too!

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[whatsup]

Great to have Sean Hendelman, the REAL SHARP Professional Trader in the E-era.

Got many bags of his outspoken sharing notes from his early trading loss diary/journey/ his hedge fund business/ e trade info.

[hamisintunzwenimana]

Good
General
1. Trading Explained / IF then Statements (Scientific Method)
2. Market Structure

[eddyvideostar]

At the video time of 1:02 minutes: How did he lose all of his money -- twice, and still endured to become a champion? Is it not the trading which is working out -- or being a CEO of a trading education company?

[cashmoneymaverick]

Seems like too many videos surround automated trading and systems. Would like to see and hear more from real traders and not machine trading

[TheToxicTank]

I went into this interview thinking "oh here we go, I am never going to take anything from someone who manages a multi million dollar fund in relation to my retail trading". But.. I was very wrong. I definitely took away some good stuff from this and left behind several things I couldn't wrap my mind around with high frequency stuff that doesn't apply to me anyway. Great interview. I found myself profiling right out of the gate which ended up making me a big D bag hearing this guy talk about mom and dad paid for everything, country club, I threw away 50k in 3 months etc. I instantly said to myself this guy was literally handed funded success and failure just meant refunding again without missing a beat. I really expected to just hear that he runs his Dads company now and they let him listen in on conference calls. Man was I wrong. Very sharp guy that I could relate many thought processes with. Hopefully that is a little smidge of confirmation that I am headed in the right direction. As always well done Aaron. Your organic interview skills have gotten top notch latey like you've really flipped on the switch. Well done.

[TheMagician]

In my humble opinion, he's on the edge. I don't believe trading is as complicated as he makes it sound. He's more of a strategy tester, not really a trader. The best traders make it look simple, but I still took a few good phrases from it. Thanks

[ethanrichards]

t3 trading is known in the USA as a churn and burn prop shop. Requires 5k to trade and you trade your own money with leverage once you lose that 5k you're fired or you add another 5 plus grand. They charge insane fees every month for data and all data fees are passed through the the traders. I have no opinion on Sean himself seems like a decent guy but T3 is a shark pool prop firm

[Vibson]

Brill. idea Tony's psychology is needed especially in trading

[XTheMuscleX]

great interview, are there any good retail FX traders you can interview? That make money day in day out and didnt hit a big win but grind it out each day and make a good living?

[aminatadavis]

I agree. I starded June 2021, and every time l lose, I learn something about trading. I always lose 80% of my margin, and I always get it all back . 7-10 days consistently, and down. Up, Down. But I am learning overtime. 🙏🏽😼😸😸🙏🏽

[spencereng]

I think it's hard to find a system or a single strategy that works well in all market conditions. Sometimes the market will chop in a range, sometimes it will trend nicely, sometimes it will grind up slowly then get smacked back down. If you're a hand trader you can get skilled at trading each type of day, or scenario. An automated system has a set of rules it will follow to a T, and might outperform in some conditions, but other times could have a large drawdown. It's hard to account for all the variables and conditions the market can throw at you, especially on the shorter timeframes. Even when you're hand trading no two trades ever look exactly the same and you have to deal with a lot of fake outs/noise.

[nilsdhaene]

you should do an interview with Shaun Lee

[immillnr]

What a negative guy! So low frequency would be the most successful?

[fuethao]

please interview Samuel Morton(lovethepips) he's a professional FX trader.

[fpepinnt]

something i don't get...
why talk about a story if you cannot give out the name of the programmer that left goldman sachs if the story was, as you say, all over the wall street journal ?

the guests have no problem talking about their life story, but when it comes to real info that could eventually be verified, well then, move on, there is nothing to see.

FYI: the name was Sergey Aleynikov. but I havent found any code yet. anybody have any other clue ?