Aug 14, 2026 · 1 hr 44 min · 15 segments
Toby Crabel — founder of Crabel Capital Management (~$5B AUM) and author of the legendary \*Day Trading with Short Term Price Patterns and Intraday Breakouts* (1990), the book that gave the world the…
Toby CrabelGuestSimonHosttoby crable it is a real pleasure to have you on the show mate i mean jack schwager called you one of the best ctas in the world crable capital management now has over five billion under management um of course you close to five bill you've authored the book uh day trading with short-term price patterns and intraday breakouts in 1990 which uh i believe when i just looked on amazon it was now priced at like 1483 or something so probably outperforming many of the funds that you compete with that book so it's going to be a fantastic chat i want to get into some of that background and You know, you've been in the industry so long.
I'm very curious where you picked up some of those early ideas from, especially those in the book.
Of course, you made famous the opening range breakout trade, the narrow range NR4, NR7.
I've heard it as.
I don't know if there's an original.
But Toby, if you could, like tell me a little bit about those early days and getting started and writing that book.
And
I found a way to sell it at the low of the 73, 74 bear market stock market break.
And then they went off the gold peg and it became a volatile, very interesting tradable instrument.
I think they probably did, but they were arcane, a little bit more difficult for somebody who wasn't around the commodity exchanges yet.
I used my scholarship money and I found ways of getting capital through student loans and grants.
toby crable it is a real pleasure to have you on the show mate i mean jack schwager called you one of the best ctas in the world crable capital management now has over five billion under management um of course you close to five bill you've authored the book uh day trading with short-term price patterns and intraday breakouts in 1990 which uh i believe when i just looked on amazon it was now priced at like 1483 or something so probably outperforming many of the funds that you compete with that book so it's going to be a fantastic chat i want to get into some of that background and You know, you've been in the industry so long.
I'm very curious where you picked up some of those early ideas from, especially those in the book.
Of course, you made famous the opening range breakout trade, the narrow range NR4, NR7.
I've heard it as.
I don't know if there's an original.
But Toby, if you could, like tell me a little bit about those early days and getting started and writing that book.
And
I found a way to sell it at the low of the 73, 74 bear market stock market break.
And then they went off the gold peg and it became a volatile, very interesting tradable instrument.
I think they probably did, but they were arcane, a little bit more difficult for somebody who wasn't around the commodity exchanges yet.
I used my scholarship money and I found ways of getting capital through student loans and grants.
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