—-  👋 This episode is sponsored by Heidi Health. A FREE FOREVER, feature-rich & compliant AI Scribe, developed carefully for all healthcare providers. If you’re already paying for an AI Scribe, swap to Heidi for FREE, and they’ll credit what you’re already paying towards Heidi Pro. Heidi is your AI resident. Use Heidi for free & revolutionize the way you provide care. —-  👋 This episode is also sponsored by Lightspeed Investing. Accelerate your wealth and unlock the speed of success with Lightspeed Investing. Connect with CEO, Philip Jayhawk Chan on LinkedIn to learn more.  —-  👋 In this episode, Dr. Block interviews Philip Chan, the co-founder and CEO of Lightspeed Investing. Philip shares his journey from trading luxury watches and dealing in cryptocurrencies to mastering short-term investing in futures and commodities. Lightspeed Investing, under Philip's leadership, has specialized in managing investments for high net worth individuals and educating the public on leveraging financial markets for short-term gains. Philip elaborates on the distinction between traditional and alternative investments, the mechanics of futures and commodities trading, and the importance of risk management and proprietary trading techniques About Philip Chan, CEO of Lightspeed Investing: Philip Chan is a serial entrepreneur and the co-founder and CEO of Lightspeed Investing. With a diverse background that includes trading luxury watches, cryptocurrency, and international leadership consulting, Philip has dedicated his career to the intricacies of short-term investing. Holding a master’s degree in applied statistics, data science, and analytics from the University of Kansas Medical Center, he leverages his expertise to manage wealth for high net worth individuals and educate the public on successful investment strategies in futures and commodities. Through Lightspeed Investing, Philip aims to transform the futures and commodity markets into accessible tools for personal financial growth, advocating for informed and strategic trading practices. Connect with Philip on LinkedIn! Timestamps: 00:00:05 - Introduction to Philip Chan and Lightspeed Investing 00:01:02 - Elevator Pitch for Lightspeed Investing 00:01:50 - Traditional vs. Alternative Investments 00:02:41 - Publicly Available Trading and Asset Classes 00:03:01 - Understanding Futures and Commodities 00:04:20 - Explanation of Trading Contracts 00:05:07 - Electronic Trading and Historical Context 00:06:00 - Asset Classes Breakdown 00:07:00 - Short-Term vs. Long-Term Investing 00:08:05 - Interactive Brokerage and Discount Brokerage 00:09:07 - Smallest Trading Increments and Contracts 00:10:19 - What is a Future? 00:11:58 - Commodities as Examples 00:12:14 - Trading Indexes and Futures 00:13:08 - Making Money in Different Market Directions 00:14:10 - Intraday High Frequency Trading 00:15:49 - Risk Management in Trading 00:16:45 - Short-Term Investing and Asset Choices 00:17:28 - Rate of Change in Alternative Exchanges 00:19:06 - Age of Futures and Commodity Billionaires 00:19:39 - Risk Aversion and Short-Term Investing 00:20:33 - Proprietary System and Trading Factors 00:24:06 - Competing Against Professionals and AI 00:25:27 - Surgical Analogy for Trading Practice 00:27:07 - How to Learn More and Connect 00:28:57 - Closing Remarks and Thanks Did ya know…  You can also be a guest on our show? Please email me at brad@physiciansguidetodoctoring.com to connect or visit www.physiciansguidetodoctoring.com to learn more about the show! Socials: @physiciansguidetodoctoring on FB  @physicianguidetodoctoring on YouTube @physiciansguide on Instagram and Twitter   *This is NOT investment advice. Please do your own due dilligence before make investment decisions. This medical podcast is your physician mentor to fill the gaps in your medical education. We cover physician soft skills, charting, interpersonal skills, doctor finance, doctor mental health, medical decisions, physician parenting, physician executive skills, navigating your doctor career, and medical professional development. This is critical CME for physicians, but without the credits (yet). A proud founding member of the Doctor Podcast Network!Visit www.physiciansguidetodoctoring.com to connect, dive deeper, and keep the conversation going. Let’s grow! Disclaimer:This podcast is for informational purposes only and is not a substitute for professional medical, financial, or legal advice. Always consult a qualified professional for personalized guidance. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.