18 May 2026 04:00
21 Years of Secrets | Interview with CEO Chad Hessing
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In today's episode, I'm joined by Chad Hessing, CEO and founder of Cobra Trading. Starting his career in finance at a day trading firm in 1996, Chad founded Cobra Trading in 2003 with $50,000 and has built it into a broker that prioritizes direct access to licensed professionals over phone queues and automated bots.
Today, we discussed the critical differences between commission-based and payment-for-order-flow models, why rigorous risk control separates long-term successful traders from those who fail, and the anticipated removal of the Pattern Day Trader rule that could open day trading to a broader range of account sizes. Check it out.
