PODCAST · business
Market Misfits
by Steamroom Trading
Market Misfits is where real traders talk real markets. No fluff, no hype, just raw insights from those who live and breathe trading. Hosted by Joe Pokrzywa from Steamroom Trading, this podcast cuts through the noise with in-depth conversations on what’s moving the market right now and exclusive interviews with traders who have made it to the top.From hard-hitting strategies to the craziest market stories, Joe and his guests—top traders, educators, and market pros—break down the wins, the losses, and the lessons you won’t hear anywhere else.If you trade stocks, options, or futures, Market Misfits delivers the unfiltered truth from inside the world of trading. Subscribe now!
Episodes
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AI Mania, Market Extremes, and the SpaceX IPO ft. Wall St. Jesus (EP. 25)
Joe, Smiddy, and Wall St. Jesus return to break down one of the most extreme market environments in years. The discussion dives into the relentless rally in semiconductors and AI names, whether the trade has become dangerously crowded, and why some of the biggest winners could also become the...
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Gamma Moves, Oil Shock, and Fed Pressure (EP. 24)
Joe and Smiddy break down the mechanics behind a recent market rally that had little to do with headlines—and everything to do with dealer positioning. From the JPM collar roll to zero DTE gamma dynamics, they walk through how a single catalyst turned into a much larger move once key levels were...
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Pinned Index, Extreme Skew, and March OpEx (EP. 23)
Joe and Smiddy return after a brief break to break down the strange market environment traders have been navigating. While the major indices have gone nowhere for months, individual stocks have been moving aggressively beneath the surface, creating one of the highest dispersion environments since...
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Powell Investigation and 2026 Outlook (EP. 22)
In this episode, Joe, Smiddy, and Ron dive into the DOJ’s criminal probe of Jerome Powell, what it means for the Fed’s independence, and how the erosion of trust in data, leadership, and policy could reshape markets in 2026. They also break down: – The insanity of a market that won’t flinch – Why...
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Silver Squeeze and the $50M Condor Blow Up (EP. 21)
Silver ripped to all-time highs—but the story beneath is way bigger. In this episode, Joe and Smiddy break down the global physical vs. paper silver disconnect, exploding retail demand, and the rumors of a bank margin call that lit up X. Then they dig into the spectacular collapse of the Captain...
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Origin Story: Joe "Poko" Pokrzywa (EP. 20)
In this special "origin story" episode of the Market Misfits Podcast, host Joe Pokrzywa takes the hot seat and becomes the guest, handing the mic over to Steamroom Trading Managing Partner Charlie Bathgate. Joe shares the raw, unfiltered journey of how he went from a trading novice to a respected...
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Fed Cuts, Santa Rally, and Prediction Markets (EP. 19)
Joe and Smiddy close out the year with a wide-ranging conversation on what’s really driving market flows post-Fed. With the AI narrative losing steam, tech rotation accelerating, and volatility picking up into VIX expiry and OPEX, they dig into the psychology behind positioning, the reality of a...
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Inside Fast Tape: Gamma, Vol, and Risk (EP. 18)
Joe and Smiddy are back to break down one of the most chaotic market swings of the year — a 4% intraday reversal that left traders stunned and liquidity vanished. They dive into how negative gamma, high Vanna, synthetic positioning in levered ETFs, and vol traps created a perfect storm. The guys...
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Winning Smart Money’s Mindgames ft. Chris Cady (EP. 17)
In this special episode, Charlie Bathgate sits down with legendary trader and trading psychologist Chris Cady for a deep dive into the mental side of the markets. They explore why traders fall into the “this is insane” trap, how to stay emotionally engaged in mechanical markets, and what it takes...
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Sitting on a VIX Powder Keg ft. Wall St. Jesus (EP. 16)
In this episode of the Market Misfits Podcast, hosts Joe and Smiddy are joined by the legendary "Wall Street Jesus," Jay, to break down the most pressing themes in the market. The crew dives headfirst into the chaotic "stock picker's market," where low-priced AI power and crypto-treasury plays…
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Summer of George Continues (EP. 15)
Joe and Smiddy, and not much has changed — except the market’s still climbing and vol is still pinned. In this episode, they unpack what’s behind the slow grind higher: vol control funds, CTAs with more to buy, and a retail flow that refuses to quit. They dig into the “Summer of George” market...
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Mechanical Buying and the Hidden Pressure (EP. 14)
Joe and Smiddy are back. Vol is crushed and dealers are pinned, leaving markets calm on the surface — but underneath, the pressure is quietly building. Levered ETF rebalancing, synthetic gamma exposure, and short gamma from retail and institutions are creating a potentially explosive mix. As…
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Student of Yourself: Psychology of the Trader’s Journey ft. Chris Cady (EP. 13)
In this special episode, Charlie Bathgate sits down with trading psychologist and veteran trader Chris Cady to break down the full emotional arc of a trading career. From the early stages of chasing fast money to the long grind of consistency, they unpack how traders evolve—and why most never…
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Calm Now, Vol Later (EP. 12)
On this episode, Joe and Smiddy break down the melt-up into OPEX and why the real move might come after. They explain how gamma is pinning the tape short term, but once it rolls off, positioning gets freed up — setting the stage for potential macro fireworks in August. They talk about the short...
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Market as a Mirror: Discipline, Loss, and Self-Discovery ft. Marsh (EP. 11)
In this special episode of Market Misfits, Steamroom Trading CEO Charlie Bathgate sits down with Marsh — a community member whose trading path is anything but typical. From putting $150K in a penny stock trade to walking away from the market entirely to go all-in on education, Marsh shares an...
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From Max Short to Melt Up... What Happens Next? ft. Wall St. Jesus (EP. 10)
Wall Street Jesus returns to Market Misfits to break down exactly where we are in this market cycle. Jesus, Joe, and Smiddy dive into what changed under the surface, why CTAs and vol control funds are no longer max short, and how we went from extreme bearish positioning to a slow shift toward...
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Held Up By Flows.. Cracking Under The Surface? (EP. 9)
The market is grinding higher, but Joe and Smiddy aren’t buying it. In this episode of Market Misfits, they break down why flows — not fundamentals — are holding everything together, and how one headline could crack it all. They revisit Cem Karsan’s 35 percent drawdown roadmap, walk through...
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Are We Headed for a 35% Crash? (EP. 8)
Joe returns from vacation to find the market went full chaos and Smiddy was in the middle of it. They break down a brutal $4M drawdown and the comeback to breakeven. Plus: Cem Karsan says the market could drop 35% to 45%—slowly and painfully. Joe and Smiddy break down what that means, why this...
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Market Bottoms: FOMO vs. PATIENCE w/ Ron Friedman (EP. 7)
Is the market bottom in, or is this just another head fake? In this episode of Market Misfits, Joe, Smiddy, and special guest Ronch break down the latest market moves, how they’re trading through the uncertainty, and why FOMO can be a trader’s worst enemy. They debate the fate of Boeing, the rise...
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Market Chaos: Trading the Sell-Off (EP. 6)
The markets are selling, and the Market Misfits are here to break it all down. In this episode, Joe and Smiddy dive into the recent sell-off, why even seasoned traders are struggling, and how to navigate the chaos. They discuss volatility, the impact of major macro events, and whether this…
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Losing 30 Bitcoin to Managing Millions: Smiddy’s Trading Evolution (EP. 5)
In this episode of Market Misfits, host Joe Pokrzywa sits down with Alec “Smiddy” Smidt to dive into his incredible trading journey. From early struggles in Forex and crypto, losing 30 Bitcoin in a brutal liquidation, to now managing a $25M+ trading book, Smiddy shares the highs, lows, and...
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Origin Story: Anand "Sang Lucci" Sanghvi (EP.4)
On the 4th episode of Market Misfits, we sat down with Sang Lucci, a legendary trader who has been in the markets for almost two decades now. From prop trader to the creation of The Steamroom, he walks us through his journey on how he got where he is today and all the madness that goes with it....
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Chris Cady: Mastering the Trading Mind (EP. 3)
Chris Cady is a seasoned equity index trader with over 40 years of experience navigating every kind of market environment. Known for his deep expertise in trading psychology, Chris has mastered the mental game of trading, helping him adapt, thrive, and consistently perform in high-pressure...
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Origin Story: Ron "Ronchero" Friedman (EP.2)
On the 2nd episode of Market Misfits, we sit down with Ron "Ronchero" Friedman, a seasoned trader who has been navigating the markets since the early 1990s. With mentorship from a former market maker and years of experience, Ron has become an immensely successful trader. But as he will tell you…
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Origin Story: Wall St. Jesus (EP.1)
On the very first episode, we talk to the voice of The Steamroom and the OG of options flow, Wall St. Je$us. 30 years ago, the man who has become known as Wall St. Jesus was just a kid in Brooklyn looking for a way to put his neighborhood gambling smarts to good use. He got a job as a broker, and...
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ABOUT THIS SHOW
Market Misfits is where real traders talk real markets. No fluff, no hype, just raw insights from those who live and breathe trading. Hosted by Joe Pokrzywa from Steamroom Trading, this podcast cuts through the noise with in-depth conversations on what’s moving the market right now and exclusive interviews with traders who have made it to the top.From hard-hitting strategies to the craziest market stories, Joe and his guests—top traders, educators, and market pros—break down the wins, the losses, and the lessons you won’t hear anywhere else.If you trade stocks, options, or futures, Market Misfits delivers the unfiltered truth from inside the world of trading. Subscribe now!
HOSTED BY
Steamroom Trading
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Frequently Asked Questions
How many episodes does Market Misfits have?
Market Misfits currently has 25 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is Market Misfits about?
Market Misfits is where real traders talk real markets. No fluff, no hype, just raw insights from those who live and breathe trading. Hosted by Joe Pokrzywa from Steamroom Trading, this podcast cuts through the noise with in-depth conversations on what’s moving the market right now and exclusive...
How often does Market Misfits release new episodes?
Market Misfits has 25 episodes. Check the episode list to see recent publication dates and frequency.
Where can I listen to Market Misfits?
You can listen to Market Misfits on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts Market Misfits?
Market Misfits is created and hosted by Steamroom Trading.
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