Life In The Pits: Revealing The Untold Stories of Trading Floors with Brad Schaeffer

My Perfect Failure

MPF Discussion with Brad Schaeffer

Life In The Pits: Revealing The Untold Stories of Trading Floors with Brad Schaeffer

About Brad

Brad Schaeffer is an author, columnist, commodities trader, and musician. His eclectic writings, covering a broad spectrum of topics including history, the arts, politics, science, business, pop culture, and general observations on life, have appeared in The Wall Street Journal, New York Daily News, National Review, Daily Wire, and others. He is the author of the historical novel Of Another Time and Place, about a German flying ace who chooses to commit treason to rescue a family of Jews from the Nazis during the height of World War II. His second novel, The Extraordinary, tells the story of a family struggling with a war veteran father’s PTSD as told through the words of his autistic teenage son. He currently lives in New Jersey.

Brad wears many hats - he's an author, columnist, commodities trader, and even a musician!

His writings have graced prestigious publications like The Wall Street Journal, New York Daily News, and National Review. Brad's novels dive into history, human stories, and everything in between. His latest work, "Of Another Time and Place," takes us into the heart of World War II with gripping narratives.

Exploring Trading with Brad:

Ever wondered what a Futures Trade is? Well, Brad breaks it down for us in simple terms. Think of it as a way to bet on the future price of an asset.

Brad paints a vivid picture of the chaos on trading floors with a story of a trade gone wrong, where fortunes can be lost in the blink of an eye.

Have you seen those frantic hand signals on trading floors? Brad gives us the inside scoop on how deals were made in the midst of all that chaos. It's like watching a fast-paced dance of money.

The Art of Survival:

The trading floor in the '80s and '90s was no place for the faint-hearted. Brad shares the physical and emotional stress of those times, where every trade felt like a high-stakes gamble.

But here's the kicker - not every trade is a touchdown. Brad talks about the importance of knowing when to exit a trade, a lesson he learned the hard way.

Transitioning to the Digital Age:

• As technology advanced, the trading world shifted online. Brad discusses how some traders struggled to adapt to this new digital frontier.
• His book, "Life In The Pits: My Time As A Trader On The Rough-And-Tumble Exchange Floors," dives deep into this transition and the life lessons learned along the way.

Lessons and Inspiration:

• Brad shares some nuggets of wisdom on trading, emphasizing the human element in market analysis.
• Quick wealth impacted individuals differently, and Brad gives us a glimpse into the life lessons learned on the trading floor.
• He reminds us that the study of markets is essentially the study of people, offering sensible advice for traders.
• And to wrap it all up, Brad shares the inspirational people he'd invite for dinner.

• Connect with Brad Schaeffer:
• Website: https://www.bradschaefferauthor.com/
• Twitter: @Brad_Schaeffer
• Instagram: @bradschaefferauthor

PLEASE LEAVE A REVIEW
If you enjoyed the show, please subscribe, rate, and review us on your favorite podcast platform!