Podcast appearances and mentions of jack schwager

Jason Berry co-founded Positive Equity in 2008. Built alongside partners and traders who raised the bar, the firm operates trading floors in Ireland and Croatia. Over a 14-year stretch of verified clearing statements, his small losses, long career approach resulted in only five losing months.Most people think trading success comes from predicting markets. In reality, Jason's multi-decade longevity proves that true consistency comes from deep discipline, strict risk control, and surviving long enough for compounding to work, earning him a featured chapter in Jack Schwager's book, Market Wizards: The Next Generation.In this conversation, Jason pulls back the curtain on his journey from a remote Northern California commune to the chaotic trading floors of London and Dublin. He breaks down the realities of managing a decaying edge, his framework for identifying raw talent in trainees, and why surrounding yourself with a team of disciplined professionals is the ultimate source of career longevity.In this episode, we explore:·        How Jason transitioned from an isolated childhood to the chaotic London trading floors·        The hidden edges of the open outcry era and the nature of "elbow trades"·        What Jack Schwager and the Market Wizards team look for when verifying a trader's record·        The structural reality of Jason's risk-reward framework·        Why summer vacations can cause traders to become rusty and lose touch with the market tape·        How to spot decaying market edges through the P&L before they do catastrophic damage·        The core personality traits and tells that separate successful trainees from those who fail·        Jason's outlook on which traders will survive the next decade of AI and machine learning About Jason Berry:Jason is a professional futures trader, co-founder of Positive Equity, and a featured market wizard in the book, Market Wizards: The Next Generation. Over a career spanning nearly 30 years, Jason has documented a legendary track record of consistency and durability. He has trained well over 200 traders, expanding his operations from Dublin to Croatia while championing a team-driven approach to market mastery. Links + Resources:X (Twitter): https://x.com/JasonHBerryLinkedIn: https://www.linkedin.com/in/jasonhberry Sponsor of Chat With Traders Podcast:Trade The Pool: http://www.tradethepool.com Time Stamps:Please note: Exact times will vary depending on current ads. 00:00 He Only Had 5 Losing Months In 14 Years
 03:09 Introduction To Trading
 09:33 Using Elbow Trades As An Edge
 16:22 What Your Risk-Reward Looks Like 20:34 Can You Make A "Mr. Consistency" System? 25:29 What You Possess That Others May Also Have
 30:23 Why You Get Rusty When Taking A Summer Vacation
 35:56 How Important It Is To Constantly Innovate
 38:51 What Traits You Can See In Your Trainees
 45:10 The Single Greatest Rule In Trading
 51:35 How Do You Scale Positions?
 55:54 Which Traders Do You Think Will Survive The Next Decade?
 59:45 Trading Euro Stocks
 01:03:05 What The Next 30 Years Look Like For You
 01:08:30 Have You Had Your Trainees Outperform You?
 01:09:34 What Your Advice Is To Traders
 01:14:11 Where Can You Find Jason Berry Trading Disclaimer: Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Market Wizards author Jack Schwager reveals the common traits shared by some of the most successful traders he's ever interviewed—from a volunteer firefighter with virtually no losing months to a former musician who turned $40,000 into half a billion dollars. Discover why money management, mentorship, relentless research, and obsession with improvement consistently separate elite traders from the crowd. https://tradingnut.com/jack-schwager - Jack's Links

What The Top 1% of Traders All Have In Common (Jack Schwager & George Coyle) In episode 565 of the Desire To Trade Podcast, you will be listening to an interview with the legendary Jack Schwager and financial strategist George Coyle to gain raw insights into what the best traders in the world actually have in common. From traders who turned small accounts into massive fortunes to others who never had a losing month for years, this conversation dives into the habits, sacrifices, and hard truths that separate Market Wizards from everyone else. The video is also available for you to watch on YouTube. >> Watch the video recording! Topics Covered In This Episode 00:00 Introduction 00:43 Who is George Coyle? 01:45 What's new with Jack Schwager? 02:20 The evolution of the new Market Wizards book 03:49 Deciding on the traders to feature in the book 06:23 Surprising trader success stories 08:23 Intraday vs. long-term trading 09:16 Traders' learning curve 09:56 Key principles of successful trading 12:24 The importance of hard work and passion 13:53 What the young market wizards like about trading 15:15 The changing landscape of trading 17:53 Diverse trading strategies and adaptation 21:38 What's unique about the young traders? 22:53 Moving from higher to lower timeframes 24:47 The future of trading and personal goals 26:48 Where to find the new Market Wizards book What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: EightCap (preferred Crypto and FX Broker) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy Get a copy of Prop Trading Secrets (Author: Kathy Lien & Etienne Crete) About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes How to get the new Market Wizards book Get your copy of the new Market Wizards book George Coyle on X/Twitter: @gfc4 What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Send us Fan MailOn this episode of The Friendly Bear we are joined by the authors of Market Wizards: The Next Generation Jack Schwager & Greg Coyle. Jack returns to the podcast for the 4th time over the years.Jack Schwager is a trader, fund manager, and the renowned author of the Market Wizards series. He has just released his latest book, Market Wizards: Next Generation, co-authored with Greg Coyle. For decades, Jack has interviewed the world's top traders, uncovering the principles behind consistent profitability. His books have sold millions of copies and influenced tens of millions of traders globally. Jack was a big inspiration for me to write my own trading book Short Selling Master. We're grateful for his time and insights. Thank you to Jack and Greg, we hope you enjoy this episode!Get the book (link includes pre-order bonus access):Market Wizards: The Next Generationhttps://linktr.ee/gcoyle Friendly Bear Conference 7Early Bird ticket for Friendly Bear Conference 7 ft. Tom Hougaard on 10/12/26 Book - Short Selling MasterPreorder David Capablanca's book - Short Selling Master Friendly Bear UniversityGet Profitable & Master Your Trading - Memberships & Courses Now AvailableCobra TradingClick the link and get 33% off commissions for life as well as one month of free DAS Trader PlatformDavid's InstagramSubscribe for behind the scenes trading related contentDavid's X ProfileFollow David Capablanca on X!AskEdgarUse Code friendlybear for 25% off for AskEdgar, the new standard for researching SEC filingsDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show

In this episode of The Trader's Journey, Anthony Nieto sits down with Jack Schwager, legendary author of the Market Wizards series, and George Coyle, co-author of Market Wizards: The Next Generation. The new book continues one of the most important traditions in trading literature: in-depth interviews with exceptional traders who achieved extraordinary results through unique methods, relentless work, strict risk control, and the ability to adapt as markets change. Jack and George discuss how this new installment came together, what makes this generation of Market Wizards different, and why many elite traders first went through major failures, blowups, and painful learning curves before reaching extraordinary success. They also explore small-cap short selling, option selling, negative asymmetry, adaptability, trader psychology, journaling, playbooks, and the hard work required to compete at the highest level.

The NEW Market Wizards book is out now! Today, Austin Silver sits down with Jack Schwager and George Coyle, authors of the brand new and world-famous Market Wizards series. Jack Schwager has spent 35 years interviewing the best traders in the world. In this episode, he and co-author George Coyle break down the newest class of Market Wizards — nine traders with verified track records who figured out something most traders never do. We go chapter by chapter and pull out the real takeaways for active traders.Get the book -- https://amzn.to/4xj1jxWSponsor: Prop Firm Match Compare over 40 prop firms — rules, drawdowns, payouts, scalability.Code MATCH to save on any firm!Click here — ⁠https://www.propfirmmatch.com/?a_aid=asfx

Sponsored by Pepperstone The new Market Wizards book — The Next Generation by Jack Schwager and George Coyle — is out, and before you dive in, there's one thing worth keeping in mind. In this episode, Mark looks back at the series that inspired a generation of traders, from the 1989 original through to today, and shares why these books are gold for any developing trader… as long as you read them the right way. Capital at risk. This content is for educational purposes only and is not investment advice or a recommendation to trade.

Jack Schwager and George Coyle team up to look at what it takes to master the markets, combining classic wisdom with how modern financial markets work today.After studying top fund managers and over 100 years of market history, Jack and George wrote Market Wizards: The Next Generation to showcase today's best traders. These elite performers range from everyday traders who turned small accounts into millions to steady traders who almost never have a losing month. The secret to their success is matching their trading strategy perfectly with their personality.In this conversation, Jack and George reveal the core rules that great traders follow. They talk about unexpected strategies that surprised even them, like making huge profits trading agricultural futures or shorting small-cap stocks. They also discuss why basic chart reading works better for managing risk than company fundamentals, the reality of a tough work ethic, and why the most important lesson in trading is knowing when to step away from the screen. In this episode, we explore:·        How Jack Schwager and George Coyle started working together·        The three timeless trading rules that top traders have used for over a century·        The specific trading strategies that completely surprised Jack and George·        How to balance making big returns while protecting your trading account from large losses·        The main differences in managing risk between technical and fundamental analysis·        The story of an anonymous multi-millionaire musician who became a legendary trader·        The intense work ethic and personal sacrifices needed to reach the top level·        Final thoughts on why there is much more to a good life than just trading the stock market About The Guests: Jack Schwager:Jack is the author of the famous Market Wizard series, A Complete Guide to the Futures Markets, and Market Sense and Nonsense. He is a world-known expert on trading and financial markets, famous for showing the mindset and risk management habits of elite traders.George Coyle:George is the co-author of the new Market Wizards book. He is a writer, trader, system designer, money manager, and market strategist. After studying finance at The Ohio State University, he worked for 10 years in NYC at major hedge funds, including John A. Levin & Co. and Clovis Capital. He studied applied statistics at Columbia University, worked briefly with Victor Niederhoffer, and later served as a macro strategist in the US Virgin Islands. George also worked as the Chief Investment Officer for a family office in Chicago before returning to Ohio to run his own investment firm. Links + Resources:George Coyle: https://x.com/gfc4Jack Schwager: https://x.com/jackschwagerOrder Market Wizards: The Next Generation Book: https://harriman-house.com/authors/jack-d-schwager/market-wizards-the-next-generation/9781804093641 Sponsor of Chat With Traders Podcast:Trade The Pool: http://www.tradethepool.com Time Stamps:Please note: Exact times will vary depending on current ads. 00:00 The 3 Timeless Rules Shared by 100 Years of Market Wizards
 07:57 The First Market Wizards Book
 12:13 What George Coyle Was Trying to Solve
 15:59 Why It Is Better to Keep Things Simple Rather Than Complex
 22:19 Making Sure Your Strategy Fits Your Personality
 28:21 The Two Main Types of Profitable Traders 31:55 Finding a Trading Edge in Today's Market Landscape 37:16 Interviews That Challenged Jack and George's Core Beliefs 42:51 Where the Younger Generation of Traders Succeeds 47:07 Core Personality Traits of Market Wizards 52:24 Understanding the Reality of Market Structures 56:03 The Real Problem with Pure Fundamentals 01:01:13 Jack's Most Memorable Moment from the Next Generation Interviews 01:03:50 George's Most Memorable Moment from the Next Generation Interviews 01:04:52 Where to Follow George Coyle and Jack Schwager Online Trading Disclaimer:Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice. Learn more about your ad choices. Visit megaphone.fm/adchoices

My guests today are Jack Schwager and George Coyle. Jack Schwager is a renowned author, trader, and industry expert best known for the Market Wizards series, which profiles some of the world's greatest traders and investors. George Coyle is an investor, researcher, and writer who has spent years studying elite traders and investment performance across markets, with a focus on uncovering the principles behind exceptional success. The topic is their book Market Wizards: The Next Generation. In this episode of Trend Following Radio we discuss: Finding and profiling exceptional traders across generations Timeless trading principles and trader personality traits Verification and due diligence of trading performance Market evolution, adaptation, and competitive edge Unconventional trader journeys and paths to success Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Jack Schwager is the legendary author of the Market Wizards series and one of the most influential figures in trading literature, whose decades of interviewing elite traders have made him the definitive chronicler of exceptional market performance; George Coyle is a hedge fund manager and deep-dive trading historian whose years of original research into the patterns of great traders catalyzed their co-authored Market Wizards: The Next Generation.Episode Sponsor: Fiscal AI is a modern data terminal that gives investors instant access to twenty years of financials, earnings transcripts, and extensive segment and KPI data—use my link for a two-week free trial plus 15% off: https://fiscal.ai/talkingbillions/3:00 — Bogumil shares personal origin story: as a Polish grad student in Paris, Jack's books gave him the courage to manage money. Jack jokes: "Not the first one."5:15 — George on his obsession: years of writing deep-dive papers on Soros, Marcus, Druckenmiller — getting inside feedback that he "hit the nail on the head."7:30 — Jack's biggest surprise from the first Market Wizards: how many enormously successful traders had multiple initial failures before breakthrough.9:10 — George on the youngest cohort: small-cap shorting is "the last rock you'd flip over" — yet that's precisely why these traders found edge where no one looked.11:00 — Jack on edge decay: trend following was transformative in the 60s–80s but got crowded; today, all edges evolve, and no edge is permanent.14:20 — Advantage of starting young: smaller capital means smaller losses. Simon Russo (pseudonym) and Frohlich both had failures early — with little money — then scaled correctly.30:33 — Jack: "A good trade is not necessarily a winning trade. A bad trade is not necessarily a losing trade." The process defines quality, not the outcome.33:00 — Position sizing as the great differentiator: Gudecker sizes A+ trades 5–10x larger; Marcus did the same. Ed Thorpe proved even a losing game can win with proper sizing.39:04 — Are trading skills learnable? Jack: Yes — Kulamaji went from $5,000 to $100M learning from others, but molded it entirely into his own methodology.42:09 — George's five questions for aspiring Market Wizards: clear goals, process that matches temperament, overcoming detrimental traits, belief in self, persisting despite failure.50:40 — Jack dismantles volatility as risk proxy: the drunk under the lamppost analogy — measuring what's easy vs. what's true.57:49 — AI debate: Jack argues markets are a complex adaptive system — unlike physics, the rules change constantly, which keeps the door open for human traders.1:03:52 — Jack's closing: readers of any Wizards book will get at least one or two things meaningfully beneficial if they're open-minded. This book adds a rare theme — wizards who stopped to ask: Is this what I really want to do with my life?Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.

My guests today are Jack Schwager and George Coyle. Jack Schwager is a renowned author, trader, and industry expert best known for the Market Wizards series, which profiles some of the world's greatest traders and investors. George Coyle is an investor, researcher, and writer who has spent years studying elite traders and investment performance across markets, with a focus on uncovering the principles behind exceptional success. The topic is their book Market Wizards: The Next Generation. In this episode of Trend Following Radio we discuss: Finding and profiling exceptional traders across generations Timeless trading principles and trader personality traits Verification and due diligence of trading performance Market evolution, adaptation, and competitive edge Unconventional trader journeys and paths to success Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Dans cette deuxième partie, découvrez avec nous les citations des grands du monde de la finance.  Des personnes comme: Peter Thiel, Jack Schwager, George Soros, Michael Covel, Joe Vidich, Rod Casilli, Benjamin Graham, Alexander Elder et Jesse Livermore.Inspirons-nous de leur grande sagesse et passons à un autre niveau.------------------------------------------------------DIVULGATION DE RISQUE La négociation d'actions, Forex ou tout autre produit financier comporte un niveau de risque élevé et peut ne pas convenir à tous les investisseurs. Les performances passées ne représentent pas les résultats futurs. Le degré élevé d'effet de levier peut être profitable et aussi vous nuire. Avant de décider d'investir, vous devez examiner attentivement vos objectifs d'investissement, votre niveau d'expérience et votre appétit pour le risque.  La possibilité existe que vous puissiez subir une perte de tout ou d'une partie importante de votre investissement initial et donc vous ne devriez pas investir de l'argent que vous ne pouvez pas vous permettre de perdre. Vous devez être conscient de tous les risques associés aux opérations boursières et demander un avis à un conseiller financier indépendant si vous avez des doutes.   Le contenu de ce podcast est à titre informatif et éducatif seulement et n'est pas et ne doit pas être interprété comme un conseil professionnel, financier, d'investissement, fiscal ou juridique. D*TRADING ne peut être retenu responsable de pertes financières dues aux décisions personnelles du client.  #bourse #investissement #trading #finance #argent #investir #libertefinanciere #investisseur #trader #actions #business #stockmarket #motivation #bitcoin #independancefinanciere #stocks #forex #titre #epargne #formation #formationboursiere #marchesfinanciers #daytrading #swingtrading #tradingview #investissementlongterme #apprendre #Patrick Gaulin #François Joly-Dubois #Michel VillaHébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

What does it take to become a true Market Wizard, and why do so many of them fail before they find their edge? In this special episode, Moritz Seibert sits down with Jack Schwager and George Coyle to discuss The Next Generation of Market Wizards, the sixth book in the series that began in 1989. Together, they explore how extraordinary traders are found, how their records are verified in an age of AI, and why many of the most remarkable returns still come from discretionary traders. From blown-up accounts and shorting small caps to the psychological cost of sitting in front of screens for 14 hours a day, this is a rare look at the craft, pressure, and persistence behind exceptional trading.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Moritz on Twitter.Episode TimeStamps:00:00 – Why single trading systems rarely produce “wizard-level” returns01:17 – Introduction to the new Market Wizards book02:37 – George Coyle's background and path to co-authoring05:00 – What makes this new book different (focus on solo traders)06:00 – How top traders are discovered10:46 – Verifying extreme performance claims in the AI era13:26 – The most surprising trait: repeated early failure15:54 – New-generation strategies that break “classic” rules19:02 – Timeless trading principles that still hold21:16 – Why most market wizards are discretionary, not systematic24:41 – Why individual quant systems rarely achieve extreme returns26:53 – Listener question: systematic vs discretionary trading30:17 – Personality traits of elite traders32:21 – The hidden “cost” of being a top trader35:50 – Can anyone become a market wizard?38:47 – What's changed in trading edges over time41:53 – Preview of the next book (hedge fund traders)Copyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I'm really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Get 3 Free Months of Trading Software, 100 Days Of FREE Commissions & 33% off commissions FOR LIFE with My Preferred Broker!  FREE Trading Journal (stop paying for online journal) In today's episode, I'm joined by John Netto. John is a legendary trader featured in Jack Schwager's "Unknown Market Wizards" with over 25 years of trading experience. A former United States Marine who served at the U.S. Embassy in Tokyo, John has achieved 16 consecutive profitable years since 2009 and developed the innovative "Netto Number" - a three-dimensional risk metric that measures return over volatility and risk budget. On this episode we explored his journey from paying "a lot of tuition" in the late 90s to where he is today. Check it out. John Netto

First, Liz Ann Sonders and Kathy Jones discuss the current state of the markets, focusing on the recent Federal Reserve meeting, the reaction of the bond market, and insights from the ongoing earnings season. Then, Kathy Jones is joined by Jack Schwager, author of the bestselling book Market Wizards: Interviews with Top Traders. Jack then discusses a few of the most important lessons he has learned from interviewing elite traders: risk and money management outweigh methodology; flexibility is essential; and understanding how markets have evolved. He and Kathy also discuss the rarity of exceptional performance and the clear distinction between trading and investing.Jack Schwager's latest book, Market Wizards: The Next Generation, will be published in June 2026.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab.This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Past performance is no guarantee of future results.Investing involves risk, including loss of principal.Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.Diversification strategies do not ensure a profit and do not protect against losses in declining markets.Currency trading is speculative, very volatile and not suitable for all investors.Short selling is an advanced trading strategy involving potentially unlimited risks, and must be done in a margin account. Margin trading increases your level of market risk. For more information please refer to your account agreement and the Margin Risk Disclosure Statement.Futures and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement for Futures and Options prior to trading futures products.The books Complete Guide to Futures, Market Wizards, Market Wizards: Interviews With Top Traders, and Market Wizards: The Next Generation, Market Sense and Nonsense, are not affiliated with, sponsored by, or endorsed by Charles Schwab & Co., Inc. (CS&Co.). Charles Schwab & Co., Inc. (CS&Co.) has not reviewed the books and makes no representations about their content.The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions(0126-4MFP)  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Over the years, we've recorded hundreds of conversations with traders across different markets, strategies, and generations. And while no two trading paths look the same, certain moments tend to repeat — not moments of big wins or dramatic calls, but quieter turning points. The moments where something shifts internally. Where progress depends less on the market… and more on how the trader evolves. In this special episode of Chat With Traders, we revisit excerpts from past conversations with traders who reached those inflection points — moments that reshaped how they thought about risk, discipline, accountability, and longevity. It's a collection of turning points — the decisions, realizations, and hard lessons that changed the trajectory of a trading career. Links + Resources: Episode039     Tom Dante      Episode236     Lance BreitsteinEpisode249     Jack KelloggEpisode036     Peter BrandtEpisode255     Vincent BruzzeseEpisode212     Kristjan KullamägiEpisode286     Jason ShapiroEpisode260     Patrick PeterssonEpisode259     Lukas Frölich (The Short Bear)Episode163     John “Rambo” MoultonEpisode250     Sunny Harris Time Stamps: Please note: Exact times will vary depending on current ads.  00:00 – Intro and Background 01:10 — Tom Dante - A moment of accountability that forced change — and lit a competitive fire.02:35 — Lance Breitstein - Why the best traders bet exponentially when the odds are truly skewed.04:00 — Jack Kellogg - The cost of obsession, burnout, and relearning how to live after the grind.05:25 — Peter Brandt - Market tuition, mistakes, and committing fully to a process (Featured in Jack Schwager's Market Wizards)06:55 — Vincent Bruzzese - How wealth mindset — not strategy — shapes risk and decision-making08:25 — Kristjan Kullamägi - Scaling up, earning the right to push risk, and long-term conviction 09:55 — Jason Shapiro - Contrarian trading, positioning over prediction, and embracing discomfort (Featured in Unknown Market Wizards)11:25 — Patrick Petersson - The lesson learned at absolute rock bottom — and the cost of not cutting losses.12:55 — Lukas Frölich (The Short Bear) - Running trading like a business — and how progress compounds quietly.14:25 — John “Rambo” Moulton - Detaching from money to trade with clarity and consistency15:55 — Sunny Harris - Taking control after realizing professionals can lose, too.17:30 — Closing reflections20:20 — Outro / End Sponsor of Chat With Traders Podcast:      Trade The Pool:  http://www.tradethepool.com Trading Disclaimer:  Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice. Learn more about your ad choices. Visit megaphone.fm/adchoices

Being disciplined pays off. Markets finishing in a good place – ready for 2026. Fun times ahead with a January warning. Inspired by Market Wizards with our guest, the renowned Jack Schwager.  NEW! DOWNLOAD THIS EPISODE’S AI GENERATED SHOW NOTES (Guest Segment) Mr. Schwager is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books. Mr. Schwager is one of the founders of Fund Seeder (FundSeeder.com), a platform designed to find undiscovered trading talent worldwide and connect unknown successful traders with sources of investment capital. Previously, Mr. Schwager was a partner in the Fortune Group (2001-2010), a London-based hedge fund advisory firm. His prior experience also includes 22 years as Director of Futures research for some of Wall Street‘s leading firms, most recently Prudential Securities. Mr. Schwager has written extensively on the futures industry and great traders in all financial markets. He is perhaps best known for his best-selling series of interviews with the greatest hedge fund managers of the last three decades: Unknown Market Wizards, (2020),  Market Wizards (1989, 2012), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014). His other books include Market Sense and Nonsense (2012), a compendium of investment misconceptions, and the three-volume series, Schwager on Futures, consisting of Fundamental Analysis (1995), Technical Analysis (1996), and Managed Trading (1996). He is also the author of Getting Started in Technical Analysis (1999), part of John Wiley‘s popular Getting Started series. Learn More at http://www.ibkr.com/funds Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy – https://thedisciplinedinvestor.com/blog/tdi-strategy/ Stocks mentioned in this episode: (SPY), (NVDA), (TOST), (QQQ), (GLD)

In this episode we speak with Jack Schwager — legendary market historian, trading psychology expert, author of the iconic Market Wizards series and one of the most influential voices in modern trading. In this episode, we talk about what the world's best traders do differently, we talk about trading psychology, we talk about insights from his latest books and what Jack has personally learned after decades of studying the top 1% of performers.

At AlphaMind, we love speaking with those who have achieved remarkable success in trading, to gain their insights on what it truly takes to succeed, endure, and excel in this challenging field.We are honoured to welcome back one of our favourite guests, Linda Raschke—a veteran trader who first gained prominence when featured in one of Jack Schwager's early Market Wizards books. With a career spanning over 40 years, Linda has experienced great success, overcoming numerous challenges along the way. She shares many of these experiences in her excellent autobiographical book, Trading Sardines.As you will hear, Linda is passionate, honest, and candid, bringing a light-heartedness and humour that enhances her profound insights. This interview builds upon previous conversations, offering valuable perspectives to both new and experienced traders—challenging them and encouraging deep reflection on their trading journeys.Linda Social MediaTwitter: @LindaRaschke Website: LindaRaschke.net Book: Trading Sardines: https://lindaraschke.net/trading-sardines/AlphaMind: Powering Performance in Global MarketsAlphaMind brings powerful change, growth and development to people and businesses within global markets. Driven by a deep understanding of how markets work, and how people and businesses function within them, we partner with clients to create personal performance improvements that elevate returns across their trading activities. Go to the AlphaMind website to know more.

We're joined by Jack Schwager—author of the legendary Market Wizards series and co-founder of FundSeeder—along with his partner and fellow co-founder & CEO, Emanuel Balarie. Jack shares what it really takes to be considered for a Market Wizards book: not one formula, but a mix of standout performance, disciplined risk, and an almost obsessive commitment to process and adaptation. Along the way, we dig into why survival so often hinges on position sizing and pre-planned exits, whether strategies like trend following can still hold up today, and the paradox of how fundamental convictions can actually work against risk management. Emanuel then explains how FundSeeder discovers talented but undiscovered traders worldwide, using analytics to measure performance and the FundSeeder Rise accelerator (now part of RQSI) to help top performers make the leap from trading their own accounts to managing outside capital. Think of it as a “farm system” for the next generation of fund managers. Few will ultimately make the cut, but every great manager starts somewhere—and if you've been honing your craft and building a real track record, this episode might spark the thought: why not you? Time Stamps: Please note: Exact times will vary depending on current ads. 00:00 – Introduction and background 10:50 – What qualifies as “Market Wizards” performance 15:20 – Longevity vs. hot streaks 17:20 – Position sizing & cutting losses 19:20 – Obsession level + trainee mindset 24:20 – When edges die (index adds, VIX pattern) 27:20 – Trend logic vs. whipsaw reality 32:20 – Fundamentals vs. risk management 38:20 – “Know your exit before entry” 39:50 – FundSeeder origin story 42:20 – Evaluating traders (quant + qual) 48:20 – Why the Rise accelerator exists 52:20 – RQSI's role in seeding talent 55:20 – Free analytics & benchmarking for traders 57:20 – How to apply / contact Trading Disclaimer: Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice. Links + Resources: FundSeeder: https://fundseeder.com FundSeeder Rise (accelerator): https://www.fundseeder.com/rise FundSeeder on X:  https://x.com/fundseeder Jack Schwager: https://x.com/jackschwager  | http://www.jackschwager.com/ Emanuel Balarie: https://x.com/emanuelbalarie Sponsor of Chat With Traders Podcast: Trade The Pool:  http://www.tradethepool.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to a very special milestone—Episode 150 of the AlphaMind Podcast. To celebrate this achievement, we've recorded an extraordinary episode with one of the most successful and respected private traders in the trading sphere: Mark Minervini. Over the years, Mark—also featured in Jack Schwager's Market Wizards—has been a top request from our listeners. We're thrilled to finally sit down with him and explore the mindset, perspectives, and strategies that have powered his remarkable 45-year trading career. In this episode, Mark generously shares his personal journey, starting from very humble beginnings. Growing up in poverty, dropping out of school early, and initially pursuing a career in music, Mark's path was anything but conventional. He recounts his early years filled with failures, blow-ups, and account losses—a recurring pattern in his first five years in the markets. Yet through perseverance, he developed the processes, mindset, and attitudes that ultimately created his success. Mark's story is an inspiring testament to resilience, process development, and a winning philosophy—one he now shares broadly through his writings, mentoring, and educational programs. His insights have helped countless traders start with their own capital and realize their dreams of success. We're honoured to present this in-depth conversation with Mark Minervini, whose experience and wisdom continue to inspire traders worldwide. You can learn more about Mark, his services, and his educational programs—including his Master Trader Program and Superperformance Workshop at the links below:Website: www.minervini.com  X: https://x.com/markminerviniMaster Trader Program & Superperformance Workshop Details: https://mtp.minervini.com/  Review of the Master Trader Program: https://cdn.prod.website-files.com/67f3a87b5ea94c2111bbc838/6845ba2f8a93f372dca3466a_mtp-review.pdf AlphaMind: Powering Performance in Global MarketsAlphaMind brings powerful change, growth and development to people and businesses within global markets.Driven by a deep understanding of how markets work, and how people and businesses function within them, we partner with clients to create personal performance improvements that elevate returns across their trading activities.Go to the AlphaMind website to know more.

When we started Excess Returns, we wanted to come up with one way to boil down the best advice from the experts we have interviewed into one simple question. That led us to create a standard closing question that we ask all of our guests, “Based on your experience in the markets, if you could teach one lesson to your average investor, what would that be?”.Over the history of the podcast, we have asked that question to close to 200 guests ranging from great investors to academic experts to options and macro traders. In this episode, we share the answers from our 50 most popular guests all in one episode. Featured guests include Liz Ann Sonders, Cliff Asness, Guy Spier, Michael Mauboussin, Mike Green, Cem Karsan, Chris Davis, Aswath Damodaran, Jack Schwager, Rick Ferri and many others. Topics Covered:The fundamental purpose of investing: preserving and growing wealth rather than getting rich quickThe importance of base rates in investment decisionsPortfolio monitoring frequency and its impact on investment psychologyViewing stocks as ownership in actual businesses rather than trading vehiclesThe value of patience, humility, and self-forgiveness in the investment processDiversification across asset classes, strategies, and time framesThe benefits of simplicity in investment approachesThe psychological challenges of investing and how to overcome themCompounding as a fundamental wealth-building toolThe danger of performance chasing and overconfidenceThe value of a rules-based investment process

In this episode, Matt and Jack dive into the timeless wisdom of Jack Schwager, renowned author of the Market Wizards series. Drawing from two insightful interviews with Schwager, they explore key lessons from some of the greatest traders he's interviewed, like Paul Tudor Jones and Steve Cohen, and unpack how these principles apply not only to trading but also to long-term investing and life. From risk management to overcoming failure, this episode blends Schwager's expertise with Jack and Matt's commentary, offering valuable takeaways for investors of all kinds. Main Topics Covered:Paul Tudor Jones' approach to avoiding complacency by evaluating your portfolio as if you started it today.Steve Cohen's strategy of cutting positions in half when uncertain to manage indecision effectively.The commonality of early failures among top traders and the resilience needed to learn from them.Debunking the myth that good money management can salvage a poor trading system—why edge is essential.Jack Schwager's personal realization that he wasn't suited for trading and how he found his strength in curating trading wisdom.The necessity of adapting trading strategies as markets evolve over time.How Schwager found discretionary trading less emotionally taxing than systematic approaches.Stanley Druckenmiller's bold position sizing under George Soros' influence and when to break the rules.Joel Greenblatt's lesson on waiting for the right opportunity rather than forcing trades.Simplifying risk management with straightforward rules that anyone can follow.The value investor's dilemma of buying more as prices drop versus cutting losses.How technology, like social media, has opened new trading strategies unavailable in the past.Position sizing as an extension of risk management, determined by acceptable loss levels.

In this episode of The Trader's Journey, Anthony sits down with Jason Shapiro, a featured trader in Jack Schwager's Market Wizards book, to explore the art of contrarian trading. Jason shares how he built long-term success by safely betting against the overcrowded herd, analyzing positioning instead of price, and avoiding the common traps that cause most traders to fail. Jason provides key lessons and countless trading wisdom from decades of experience, how he views the Commitment of Traders (COT) report, the critical role of risk management and discipline.

Market Wizards author Jack Schwager returns for another fascinating conversation about trading psychology, risk management, and lessons learned from interviewing the world's top traders. In this wide-ranging discussion, Schwager shares stories from his early career as a market analyst in the 1970s, his transition to writing the influential Market Wizards series, and his personal journey understanding that his talents lay in analyzing and writing about trading rather than trading itself. Key highlights include: The origin story of how Schwager landed his first job and serendipitously replaced Michael Marcus Critical insights about the unchanging nature of human psychology in markets despite technological evolution Why risk management principles remain constant even as trading strategies evolve Fascinating stories about legendary traders like George Soros, Stanley Druckenmiller, and Ed Thorp The important distinction between volatility and true risk in markets A preview of Schwager's upcoming book project with co-author George Coyle Whether you're a veteran trader or new to markets, this conversation offers timeless wisdom about successful trading, the entrepreneurial mindset required to succeed, and the importance of understanding your own strengths and limitations. Watch for Jack's memorable explanation of Bruce Kovner's famous advice: "Know where you're getting out before you get in."

Can anyone become a market wizard? Looking at the common thread to success. December not what is was cracked up to be... 2024 is coming to an end and we are looking towards 2025 Inspired by Market Wizards with our guest, the renowned Jack Schwager.  NEW! DOWNLOAD THIS EPISODE'S AI GENERATED SHOW NOTES (Guest Segment) Mr. Schwager is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books. Mr. Schwager is one of the founders of Fund Seeder (FundSeeder.com), a platform designed to find undiscovered trading talent worldwide and connect unknown successful traders with sources of investment capital. Previously, Mr. Schwager was a partner in the Fortune Group (2001-2010), a London-based hedge fund advisory firm. His prior experience also includes 22 years as Director of Futures research for some of Wall Street‘s leading firms, most recently Prudential Securities. Mr. Schwager has written extensively on the futures industry and great traders in all financial markets. He is perhaps best known for his best-selling series of interviews with the greatest hedge fund managers of the last three decades: Unknown Market Wizards, (2020),  Market Wizards (1989, 2012), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014). His other books include Market Sense and Nonsense (2012), a compendium of investment misconceptions, and the three-volume series, Schwager on Futures, consisting of Fundamental Analysis (1995), Technical Analysis (1996), and Managed Trading (1996). He is also the author of Getting Started in Technical Analysis (1999), part of John Wiley‘s popular Getting Started series. Learn More at http://www.ibkr.com/funds Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Stocks mentioned in this episode: (SPY), (NVDA), (TOST), (QQQ)

We welcome back the brilliant Jason Shapiro for the fourth time as a guest on the AlphaMind Podcast. Jason, a talented trader featured in Jack Schwager's book ‘Unknown Market Wizards,' where he is famously known as 'the contrarian,' always has powerful and deeply insightful views on the art and challenges of trading. In this episode, he generously shares insights into his unique trading philosophy, illuminating the nuanced approach that distinguishes him in the trading landscape.In this episode, we focus more closely on what it takes to be a trader at the personal, psychological, and behavioural levels. As Jason says, it's not so much about what's on the outside, but what's on the inside that matters.Listeners, whether you are beginners or experienced traders, will find invaluable guidance from Jason, including understanding how your analysis fits in with what you are trying to achieve as a trader when taking risks, being realsitic about your returns and performance, dealing with discomfort, learning from the past, and mustering the courage to take a contrarian position when your analysis supports it. Join us as we delve into the mind of this exceptional trader whose unconventional strategies continually reshape the dynamics of the trading world.You can find out more about Jason at the Crowded Market report at this link:  https://www.crowdedmarketreport.com/about/ Crowded Market Report on Twitter: https://twitter.com/Crowded_Mkt_Rpt Crowded Market Report on Linkedin: https://www.linkedin.com/company/cmr-publishing/AlphaMind: Powering Performance in Global MarketsAlphaMind brings powerful change, growth and development to people and businesses within global markets.Driven by a deep understanding of how markets work, and how people and businesses function within them, we partner with clients to create personal performance improvements that elevate returns across their trading activities.Go to the AlphaMind website to know more.

✅ Start Your Freedom Lifestyle Trading Business: https://go.tradacc.com/videoDiscover how the world's top traders like Al Brooks, Merritt Black, Brannigan Barrett, Matt PAX Kenah, and Jeff Holden balance the extraordinary opportunity offered from financial markets with the risk management required to actually take advantage of it. This is a delicate balance that A LOT of people struggle with. There's virtually unlimited opportunity in markets, but there's also unlimited risk. Striking the right balance of risk-reward is absolutely critical for consistency & overall longevity as a trader.HERE'S WHAT WE COVER:0:00 Intro to Risk vs. Reward1:02 Merritt Black - https://youtu.be/hqvL46TkcCM3:06 Al Brooks - https://youtu.be/JQc3_CvwW-Q6:03 Brannigan Barrett - https://youtu.be/fgxfqBRE2c011:17 Austin Silver - https://youtu.be/QZDi87Jt2f413:59 Jerremy Newsome - https://youtu.be/9_o5Vu8yvmI17:26 Jack Schwager - https://youtu.be/dHGBi06Tvos19:04 Jeff Holden - https://youtu.be/_wPpbhwK2lg20:57 Anne-Marie Baiynd - https://youtu.be/dG0MhCW3Y0M24:08 Peter Reznicek - https://youtu.be/NICjW33H3C028:08 John Grady - https://youtu.be/CYatpxj8Nmo29:33 Merritt Black - https://youtu.be/hqvL46TkcCM37:05 Jason Shapiro - https://youtu.be/quDBppC0rxQ40:39 Matt PAX Kenah - https://youtu.be/c348mbiwefw42:39 Gary Norden - https://youtu.be/TY9YDn1P2Oc44:08 Merritt Black - https://youtu.be/hqvL46TkcCM48:18 Jack Schwager - https://youtu.be/dHGBi06Tvos51:32 Tom Basso - https://youtu.be/Ed9OuQyEmg052:50 Michael Patak - https://youtu.be/T_kmc-EyATAWHO IS KORBS → HOST OF SPECULATORS PODCAST:My name is Aaron Korbs and I'm a professional intraday Futures Trader specializing in Auction Market Theory, Volume Profile & Order Flow. I'm also the founder of Tradacc.com. Tradacc is a trading education, training, and mentorship platform where I help traders leverage institutional capital using my volume profile methodology through courses like Volume Profile Formula™, Funding Accelerator™ & Profile Method™. I typically work with people that want to create a reliable online side hustle or that would like to turn trading into their main profession.https://go.tradacc.com/m/korbs--------------------------------------------Happy Trading & Watch Your Risk- KorbsRisk Disclaimerhttps://go.tradacc.com/Risk#tradingrisk #riskreward #tradingperformance #speculatorspodcast

✅ Start Your Freedom Lifestyle Trading Business with Free Videohttps://go.tradacc.com/videoDiscover how to turn your losses, mistakes, and short-term failures into the highly-profitable trading results you desperately desire. The reality is that losses are an unavoidable aspect of trading - there's no way around them completely. You can do absolutely everything right and STILL have to experience them. That's because we're operating in an environment of probabilities; not certainties. So being able to handle losses constructively is of paramount importance. Discover how some of the biggest names in the space like Merritt Black, Jack Schwager, Jared Tendler, and Anne-Marie Baiynd recommend using losses to your advantage to become the best trader you can be.HERE'S WHAT WE COVER:0:00 Intro to Learning From Losses & Mistakes1:05 Merritt Black - https://youtu.be/hqvL46TkcCM3:49 Jack Schwager - https://youtu.be/dHGBi06Tvos6:19 Jared Tendler - https://youtu.be/yeXPz93zyHA9:48 Anne-Marie Baiynd - https://youtu.be/dG0MhCW3Y0M15:39 Peter Reznicek - https://youtu.be/spwjK5z-rCQ17:33 Gary Norden - https://youtu.be/RN4hE8lrFcw21:22 Jason Shapiro - https://youtu.be/quDBppC0rxQ22:59 Jared Tendler - https://youtu.be/yeXPz93zyHA26:37 Anne-Marie Baiynd - https://youtu.be/dG0MhCW3Y0M31:18 Peter Reznicek - https://youtu.be/spwjK5z-rCQ32:21 Deeyana Angelo - https://youtu.be/nrOAkwCAPVw35:08 Rod Casilli - https://youtu.be/lEzI_yjccVMWHO IS KORBS → HOST OF SPECULATORS PODCAST:My name is Aaron Korbs and I'm a professional intraday Futures Trader specializing in Auction Market Theory, Volume Profile & Order Flow. I'm also the founder of Tradacc.com. Tradacc is a trading education, training, and mentorship platform where I help traders leverage institutional capital using my volume profile methodology through courses like Volume Profile Formula™, Funding Accelerator™ & Profile Method™. I typically work with people that want to create a reliable online side hustle or that would like to turn trading into their main profession.https://go.tradacc.com/m/korbs--------------------------------------------Happy Trading & Watch Your Risk- KorbsRisk Disclaimerhttps://go.tradacc.com/Risk#tradeperformance #tradinglosses #tradingmistakes #SpeculatorsPodcast

There's Contrarian Trading and then there's Consistent Contrarian Trading. Can you really make money by consistently going against the crowd? Does it take a certain type of personality to be able to trade this way? Jason Shapiro was featured in “Unknown Market Wizards” by Jack Schwager and he returns to Chat With Traders for an update after two years since we last spoke with him.  We delve deeper into his countertrend trading philosophy, learning about how he identifies overcrowded trades, and how market positioning and sentiment, rather than price, guide his trades, and focusing on the underlying mechanics that drive market moves. About Jason Shapiro: Jason has over 30 years of trading experience, navigating various markets including the 90s rallies, the 2000s tech bubble, the 2008 crash, and recent volatility in the last few years. His contrarian approach has made him a successful hedge fund manager, and he was featured in one of Jack Schwager's recent Market Wizards books. He has managed money ranging from a few million to several hundred million dollars, gaining extensive knowledge of futures markets. Jason currently runs a one-man hedge fund using the CMR process. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tom Basso, famously coined 'Mr. Serenity' in Jack Schwager's "New Market Wizards" book, joins us for an enlightening and entertaining discussion. On a particularly turbulent day in the market, with the VIX making one of its largest ever moves, Tom shares his calm and collected approach to trading. Tom's trading approach is like a finely tuned orchestra, using seven different strategies across multiple markets and timeframes. He doesn't let any single position dominate his portfolio. Instead, he balances everything out, making sure he's ready for whatever the market throws at him. Whether it's ETFs or futures, Tom adapts his diversified strategies to fit the market and the investor. Tom shares some great stories and wisdom from his trading journey. From his interactions with Jack Schwager to Van Tharp, he emphasizes the importance of self-awareness and staying balanced. His philosophy is all about being cool, calm, and collected—just like him. Tom's all-weather trading approach is a blend of multiple strategies and extensive diversification. He's always ready for anything the market can throw at him. His ability to adapt and stay serene in the face of market volatility is a lesson for traders of all levels. www.thealgorithmicadvantage.com www.thealgorithmicadvantage.substack.com

In this episode, we dive into lessons long-term investors can learn from our interview with Jack Schwager, author of the Market Wizards series. Drawing on Schwager's insights, we explore ten key takeaways that can benefit long-term investors, including why trading is not for everyone, the importance of learning from failure, and how to pivot strategies when markets change. We discuss Schwager's observations on risk management, the challenges of systematic trading, and the psychological aspects of investing. Throughout the episode, we relate these lessons to our own experiences as investors and financial advisors, offering practical tips for applying this wisdom to your own investment approach. We hope you enjoy the discussion. SEE LATEST EPISODES ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://excessreturnspod.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FIND OUT MORE ABOUT VALIDEA CAPITAL ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.valideacapital.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FIND OUT MORE ABOUT SUNPOINTE INVESTMENTS ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://sunpointeinvestments.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FOLLOW JACK Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/practicalquant⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/jack-forehand-8015094⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FOLLOW JUSTIN Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/jjcarbonneau⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/jcarbonneau⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FOLLOW MATT Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/cultishcreative⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/matt-zeigler-a58a0a60/⁠⁠⁠⁠⁠⁠⁠

✅ Start Your Freedom Lifestyle Trading Business with Free Traininghttps://go.tradacc.com/videoIf you're a new or developing trader - you need to watch this compilation of beginner tips IMMEDIATELY to discover the best advice from many of the top traders & educators in the game: Al Brooks, Brannigan Barrett, Austin Silver, Matt PAX Kenah, Brian Shannon, Anthony Crudele, Jack Schwager, Josh Schuler, Shadow Trader, and more. This is a can't-miss episode full of genius insight & wisdom. Enjoy!HERE'S WHAT WE COVER:0:00 Korbs Intro to Beginner Trader Tips0:36 Al Brooks - https://youtu.be/JQc3_CvwW-Q2:19 Brannigan Barrett - https://youtu.be/fgxfqBRE2c05:27 Fat Cat - https://youtu.be/zYP93--G1sI12:13 Austin Silver - https://youtu.be/QZDi87Jt2f413:17 Matt PAX Kenah - https://youtu.be/c348mbiwefw17:26 Jerremy Newsome - https://youtu.be/9_o5Vu8yvmI20:56 Brian Shannon - https://youtu.be/2Y26i_tqRi822:14 Anthony Crudele - https://youtu.be/-buEAlENE5g26:46 Josh Schuler - https://youtu.be/8Xhoe6Mgkw830:01 Akil Stokes - https://youtu.be/B53zVBOlWqQ32:45 The Traveling Trader - https://youtu.be/oaTNPN5rTn835:42 Jack Schwager - https://youtu.be/dHGBi06Tvos38:11 - Peter Reznicek - https://youtu.be/NICjW33H3C039:15 Jared Tendler - https://youtu.be/yeXPz93zyHA42:17 Akil Stokes - https://youtu.be/B53zVBOlWqQ46:27 Matt PAX Kenah - https://youtu.be/c348mbiwefw50:01 Michael Patak - https://youtu.be/T_kmc-EyATA53:57 Jason Shapiro - https://youtu.be/quDBppC0rxQWHO IS KORBS → HOST OF SPECULATORS PODCAST:My name is Aaron Korbs and I'm a professional intraday Futures Trader specializing in Auction Market Theory, Volume Profile & Order Flow. I'm also the founder of Tradacc.com. Tradacc is a trading education, training, and mentorship platform where I help traders leverage institutional capital using my volume profile methodology through courses like Volume Profile Formula™, Funding Accelerator™ & Profile Method™. I typically work with people that want to create a reliable online side hustle or that would like to turn trading into their main profession.https://go.tradacc.com/m/korbs--------------------------------------------Happy Trading & Watch Your Risk- KorbsRisk Disclaimerhttps://go.tradacc.com/Risk#NewTraders #BeginnerTraders #SpeculatorsPodcast

Jason Shapiro aka ‘The Market Wizard'  @crowdedmarketreport  is a futures trader who has managed multi-million dollar funds in over 30 years of trading. From trading the crazy tech bubble market rallies in the 1990s to thriving in today's bull market, he's developed his own contrarian trading process to target markets with large trading volumes. His experience and wisdom have gained him the nickname ‘the market wizard' in a famous trading book authored by Jack Schwager. Jason will be sharing his knowledge with you on: - How to trade with a contrarian process - A high risk-to-reward approach using news failure confirmation - Important entry decision techniques for retail traders - And the importance of trader psychology to achieve long-term success -------------- Day Trading with Humbled Trader: https://bit.ly/3WicM0G Sign up for Free Stock Watchlist every Sunday: https://bit.ly/3y9UKn3 -------------- My Stock Scanner

Starting in classical violin and computer programming, Marsten Parker's path took a transformative turn when he ventured into trading. Despite a rocky start, his disciplined, algorithm-driven approach led to consistent returns, earning him recognition in Jack Schwager's book, "Unknown Market Wizards". We get to learn about his transition from discretionary trading to systematic trading, emphasizing the importance of statistical analysis over emotional decision-making. Marsten used his programming skills to create fully automated trading systems to take advantage of breakouts, mean reversion, IPO opportunities, and other strategies. About Marsten Parker Marsten has been a full-time individual systematic trader for over 20 years. He is featured in Jack Schwager's book, Unknown Market Wizards. Marsten is also the designer and developer of RealTest, a multi-strategy portfolio-level backtesting software. He has continued to evolve RealTest over the years as his primary tool for researching trading strategies. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Investors Underground Podcast is now known as The Trader's Journey! In our first episode under the new name, Anthony speaks with trader and author Jack Schwager about his journey into the the finance and trading business, writing his first book about the futures markets, the inspiration behind Jack's Market Wizards book series, the Efficient Market Hypothesis (EMH), euphoria markets such as GameStop (GME) and much more.

Have you ever dreamed about beating the stock market? Money in your pocket and a lifestyle beyond compare? Sure you have! Here's a surprise...there are people out there who HAVE beaten the stock market, and the man who's written a series of books detailing HOW they did it joins us today! Jack Schwager is the mind behind the Stock Market Wizards series, and today he joins us again to detail a couple more wizards. We walk through lessons we can glean from them about how to invest our own portfolios, using case studies from the best and the brightest traders as a guide. Jack's last appearance was a huge it for us, so if you missed that one, you definitely do NOT want to miss today's show.In our headline segment, we dive into the new "hot" budgeting trend: LOUD budgeting. Surprisingly, loud budgeting has nothing to do with screaming while using your budget app...it's a trend around financial wellness. We talk about loud budgeting, how to join the trend, and maybe help you feel less alone if you're actually hoping to be more responsible with your cash. Of course, we also have a TikTok minute that's inspirational (you're closer to Elon Musk's net worth than you may think!). Doug also shares his wizardly trivia, and more!FULL SHOW NOTES: https://www.stackingbenjamins.com/lessons-from-stock-market-wizards-jack-schwager-1473Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Have you ever dreamed about beating the stock market? Money in your pocket and a lifestyle beyond compare? Sure you have! Here's a surprise...there are people out there who HAVE beaten the stock market, and the man who's written a series of books detailing HOW they did it joins us today! Jack Schwager is the mind behind the Stock Market Wizards series, and today he joins us again to detail a couple more wizards. We walk through lessons we can glean from them about how to invest our own portfolios, using case studies from the best and the brightest traders as a guide. Jack's last appearance was a huge it for us, so if you missed that one, you definitely do NOT want to miss today's show. In our headline segment, we dive into the new "hot" budgeting trend: LOUD budgeting. Surprisingly, loud budgeting has nothing to do with screaming while using your budget app...it's a trend around financial wellness. We talk about loud budgeting, how to join the trend, and maybe help you feel less alone if you're actually hoping to be more responsible with your cash. Of course, we also have a TikTok minute that's inspirational (you're closer to Elon Musk's net worth than you may think!). Doug also shares his wizardly trivia, and more! FULL SHOW NOTES: https://www.stackingbenjamins.com/lessons-from-stock-market-wizards-jack-schwager-1473 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Join James Connor in an eye-opening discussion with Jason Shapiro, creator of the 'Crowded Market Report' ( @crowdedmarketreport ) and a featured Commodity Trading Advisor in Jack Schwager's 'Unknown Market Wizards.' With an impressive track record of 23 years of consecutive profits, Jason delves into his sophisticated strategies for trading futures, the importance of contrarian thinking, and the art of capitalizing on market fluctuations. Explore his insights on risk management, discipline, and the psychology of trading. This episode is a treasure trove of wisdom for both the aspiring and the seasoned traders. TIMESTAMPS: 01:33 - Jason's Trading Process and Philosophy 04:05 - Recovering from Trading Setbacks 07:15 - 1999 Market and Contrarian Trading 09:32 - Applying Process to 2023 Market Scenario 11:06 - Jason's Approach to Risk and Reward 15:47 - Win Rates and Trade Duration 17:38 - Jason's View on Shorting the Stock Market 22:01 - Insights on Individual Stocks like Nvidia 25:36 - Characteristics of a Successful Trader ************************ At Wealthion, we show you how to protect and build your wealth by learning from the world's top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance.   We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?“, and effective solutions for wealth building tailored to ‘regular' investors just like you.   Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.   Put the wisdom from the money & markets experts we feature on Wealthion into action by scheduling a free consultation with Wealthion's endorsed financial advisors, who will work with you to determine the right next steps for you to take in building your wealth.   SCHEDULE YOUR FREE WEALTH CONSULTATION with Wealthion's endorsed financial advisors here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.wealthion.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠   Subscribe to our YouTube channel: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/channel/UCKMeK-HGHfUFFArZ91rzv5A?sub_confirmation=1⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠   Follow us on Facebook: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.facebook.com/Wealthion-109680281218040⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠   ****************************** IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as official investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. 

Episode 413:  Legendary author of the Market Wizards series Jack Schwager joins the Friendly Bear Podcast for the 3rd time to discuss his updated version of the Unknown Market Wizards. Jack & David also go in depth around the topics of the Market Wizards series over the years. Jack Schwager's Trading Books1. Market Wizards2. The New Market Wizards3. Hedgefund Market Wizards4. Unknown Market WizardsSocial MediaConscious Trading AcademyInstagram: conscioustradingacademyLinkedin: Conscious Trading Academywww.conscioustradingacademy.com Conscious Trading Academy Transform Your Mind. Master Your Trades - Memberships & Courses now available.Friendly Bear Discord Join The Friendly Bear Discord (message a mod for trade floor channel access):SuccessTrader Mention Friendly Bear when calling up SuccessTrader directly for the best possible dealCobra Trading Click the link and get 33% off commissions for life as well as one month of free DAS Trader PlatformDilution Tracker Click the link and get 10% off of Dilution TrackerEdgeToTrade Use coupon code FRIENDLYBEAR15 for 15% off EdgeToTrade, the financial research platform for traders.TraderSync Use coupon code FRNLYBR for 15% off monthly, 55% off yearly for TraderSync trading journal software TradeIdeas Use coupon code FRIENDLYBEAR for 15% off TradeIdeas real-time data stock scannerFlashSEC Click the link and get 15% off 12 months of FlashSECTC2000 Click the link to get $25 off TC2000 servicesOrtex ORTEX brings you the most timely and accurate Short interest data available.Flash Research Use coupon code FB15 for 15% off Premium. Find your edge with the best stock analyzer. Friendly Bear Trading Books This is a complete list of all my trading books of all my trading computer equipment on AmazonDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show

In this compelling episode of the AlphaMind Podcast, we immerse ourselves in the captivating realm of 'contrarian trading' with the remarkable Jason Shapiro, renowned as 'the contrarian' in Jack Schwager's "Unknown Market Wizards." Shapiro's adeptness in mastering the art of contrarian trading challenges the very core of many mainstream trading ideologies.This episode marks Jason's third appearance on the AlphaMind podcast, each visit sparking some fascinating feedback and gratitude from our listeners. Once again, Jason generously shares insights into his distinctive trading philosophy, shedding light on the nuanced approach that sets him apart in the trading landscape.Listeners, whether novices or seasoned traders, will discover invaluable guidance from Shapiro: courageously embrace discomfort, glean wisdom from setbacks, and cultivate the bravery to adopt a contrarian stance when your analysis and process justify it. Join us as we delve into the mind of this extraordinary trader whose unconventional strategies continuously redefine the dynamics of the trading arena.You can find out more about Jason at the Crowded Market report at this link:  https://www.crowdedmarketreport.com/about/Crowded Market Report on Twitter: https://twitter.com/Crowded_Mkt_Rpt Crowded Market Report on Linkedin: https://www.linkedin.com/company/cmr-publishing/AlphaMind: Powering Performance in Global Markets AlphaMind brings powerful change, growth and development to people and businesses within global markets. Driven by a deep understanding of how markets work, and how people and businesses function within them, we partner with clients to create personal performance improvements that elevate returns across their trading activities.Go to the AlphaMind website to know more.

My guest today is Marsten Parker, a self-taught programmer and trader with 13 years of software industry experience and two decades plus in trading. For the past 20 years, Marsten excelled as an independent systematic securities trader, utilizing his expertise to develop innovative trading-related software. He was featured in Jack Schwager's Unknown Market Wizards.  The topic is systematic trading. In this episode of Trend Following Radio we discuss: Discretionary vs. systematic trading Different trading strategies Backtesting  The career and strategies of Jim Simons Trading software and tools Misconceptions about short-term trading Philosophy of trading Life choices and entrepreneurship Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

This week, Jason Shapiro, author of the Crowded Market Report and featured in Jack Schwager's Unknown Market Wizards, joins us for a fascinating discussion about his life, what made him a pathological contrarian, and how he uses that to make money in the markets. Check out Jason’s YouTube channel: https://www.youtube.com/@crowdedmarketreport *Got questions for Kevin and Patrick? Submit your questions to: nostupidquestions@markethuddle.com Visit our merch store!!! https://www.themarkethuddlemerch.com/ To receive our emails with the charts and links each week, please register at: https://markethuddle.com/

BIO: Jack D. Schwager is a recognized industry expert on futures and hedge funds and the author of the iconic Market Wizards series, in which he interviewed about 70 trading legends of our time.STORY: Jack stayed too long in a position where his short was the strongest and his long the weakest, even though he knew this wasn't the way to invest.LEARNING: Never stay in a position that violates something that you believe in. In every position, know where you'll get out before you get in. “A mistake is not a trade that loses money. It's a trade where you did something that violated whatever your approach is that makes money over time.”Jack Schwager Guest profileJack D. Schwager is a recognized industry expert on futures and hedge funds and the author of the iconic Market Wizards series in which he interviewed about 70 trading legends of our time.His most recent work in the series is Unknown Market Wizards, published in November 2020. Previous books in the series include Market Wizards (1989), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014). His other books include the revised edition of A Complete Guide to the Futures Markets (2017). Market Sense and Nonsense (2013), Getting Started in Technical Analysis (1999), and the three-volume Schwager on Futures series (1995-96).Worst investment everIn late 2008, the world was falling apart. Jack looked at certain things like the metals index, down about 80%. He thought China was still an emerging market growing rapidly and had every reason to continue growing. Jack believed that this economy would come back somewhat.So, Jack decided to buy ETF calls on China and the metals as far out as he could, assuming that the longer the time, the more likely they were to come back. He bought them deep out of the money, so they were pretty cheap.Several years later, Jack still had that position. Instead of just taking the profits, he hedged himself by selling the S&P Retail ETF (XRT) and the NASDAQ ETF. Jack put himself in a spread position where he was short NASDAQ and the retail index and long China.One day, China dropped 2%, and the XRT rose 2%. So Jack's long position went down 2%, and his short position went up 2%. So he got a 4% loss on position in a single day. Essentially, you want to be long the strongest and short the weakest. Jack's position was precisely the opposite. Instead of getting out of the position, he stayed, hoping it would return in a bit, but it didn't. Jack eventually got out but lost most of his profits.Lessons learnedEnsure your long position is the...

Making her 2nd appearance on the pod, she began her professional trading career in 1981 making markets in options as a member of two exchanges. She has been the principle trader for several hedge funds. Her early successes were recognized by Jack Schwager in his renowned Market Wizards series. Confessions of a Market Maker Presents Linda Raschke---------------------------------------------------------------------------------------------Linda's Personal Website: https://lindaraschke.net/ Linda on Twitter: https://twitter.com/LindaRaschke JJ on Twitter: https://twitter.com/vwaptrader1 Ray on Twitter: https://twitter.com/AllxDayxRayx--------------------------------------------------------------------------------------------- Any listener of this podcast that has the skills to pass an evaluation can become a prop trader fully funded by either APEX Trader or Topstep Funding. Our own microefutures trading community has many members who are now fully funded; no need to trade with your own money; keep 90% of your profits. To learn more, visit our website at microefutures.com

Jason Shapiro has been a trader for 30 years and was interviewed in the Unknown Market Wizards book by Jack Schwager.  From early on Jason was a rebel who avoided group think and sought out contrarian trading opportunities in overhyped, or deeply oversold stocks and commodities.  Blessed by early trading successes, Jason retired to a beach in Thailand in the late 90's and traded his account full time only to experience tragedy less than a year later.  The painful lessons he learned drove him to give up his opinions about markets and instead listen to what the market is saying by becoming a great market tape reader. You'll hear how Jason finds great trading opportunities through a combination of weekly trader reports, media commentary and news events to put on his contrarian trades. Learn more about your ad choices. Visit megaphone.fm/adchoices

My guest today is Tom Basso, a hedge fund manager who currently runs enjoytheride.world, a website dedicated to trader education. Tom was one of several traders featured in Jack Schwager's The New Market Wizards and dubbed “Mr. Serenity” by Jack. He was president and founder of Trendstat Capital Management. He is the author of two books, Panic-Proof Investing and the self-published The Frustrated Investor. In 1998, he was elected to the board of the National Futures Association. He is also the chairman of the board of Standpoint Funds, located in Scottsdale, Arizona, which specializes in all-weather investing. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Modern society and inflation Trading short-term, medium-term, and long-term with extreme diversification A trader's work-life balance Viewpoint on cryptocurrencies Trend following in the year 2022 Tom's happy retirement life Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Larry Hite, a hedge fund manager, who, along with those like Ed Seykota, is one of the forefathers of system trading. He has been profiled and recognized as one of the best in the industry in numerous major international publications. He co-founded Mint Investments in 1981. By 1990, Mint had become the largest Commodity Trading Advisor in the world in terms of assets under management. In 1990, Jack Schwager dedicated a chapter of his bestselling book, Market Wizards to Hite's trading and risk management philosophy. The topic is Trend Following. In this episode of Trend Following Radio we discuss: “Don't bet your deli to win a pickle.” Crypto and trend following The asymmetric option of David Ricardo's golden rules Buy, sell, and bet the correct way A system where you cut your losses and let your winners run on The historic trend following performance of 2022 Larry's dyslexia Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!