Podcast appearances and mentions of jason shapiro

Interview recorded - 7th of April, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming back Jason Shapiro. Jason is a hedge fund manager and trading legend with 30+ years of trading experience. He was also featured in the book "Unknown Market Wizards". 0:00 - Introduction1:20 - What are we seeing?3:12 - Comparison to other periods?7:53 - Who is selling?12:30 - Contrarian investors.16:03 - Current investor positioning17:08 - Markets more volatile?19:46 - Assets Jason is watching?22:43 - Long time to learn trading26:08 - Largest mistakes traders make28:13 - What is a bad decision?30:08 - What would make you change your strategy?32:38 - Human nature34:12 - Bad news, no reaction36:48 - One message to takeaway?With over 30 years of trading experience, Jason has gone through most markets a trader should see in their career.  From the crazy rallies during the 90s, the tech bubble pop in early 2000s, the 2008 market crash and the latest bull run starting in 2009.  Through the last 20 years of his career, he has used a contrarian approach which has been very successful to him and his clients, as verified by Jack D. Schwager in his latest MARKET WIZARDS BOOK.  Jason has managed large sums of money from a few million to several hundred million and learned a great deal about the Futures markets, from Equities, Currencies and Fixed Income to Currencies and Precious Metals.Jason Shapiro - Website - https://www.crowdedmarketreport.com/Twitter - https://twitter.com/Crowded_Mkt_RptLinkedIn - https://www.linkedin.com/in/jason-shapiro-53674994/YouTube -  @crowdedmarketreport WTFinance - Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

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.

In this episode of Conversations with Leaders, host Sam North interviews contrarian trader Jason Shapiro. Jason discusses his journey, emphasizing the importance of understanding market participation, discipline, risk management, and trading psychology. He shares how he transitioned from solitary trading to building a supportive community via a newsletter and Discord. Jason also highlights the role of meditation, offers insights into current market trends, and advises aspiring traders to maintain financial stability and live within their means.

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

In this interview, we sit down with Jason Shapiro, founder of the Crowded Market Report, to discuss his approach to trading in crowded markets. We dive into his unique strategy, focusing on market participation over price, and how he applies this to assets like gold. Shapiro shares his insights on understanding liquidity, spotting reversal points, and why he believes predicting the future is less important than understanding market positioning. Viewers can expect a deep look into Shapiro's disciplined trading process and practical insights on navigating today's market dynamics. #gold #liquidity #BRICS ------------ Thank you to our #sponsor MONEY METALS. Make sure to pay them a visit: https://bit.ly/BUYGoldSilver ------------

✅ 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

✅ Start Your Freedom Lifestyle Trading Business with Free Videohttps://go.tradacc.com/videoDiscover how elite-level traders are staying ahead of the curve in rapidly evolving financial markets impacted by the exponential rise of Algorithms, Artificial Intelligence, and Machine Learning. There's no doubt that markets are shifting FAST: are you prepared for what's coming next?HERE'S WHAT WE COVER:0:00 Impact of Artificial Intelligence on Markets0:35 Anthony Crudele - https://youtu.be/-buEAlENE5g4:05 Josh Schuler - https://youtu.be/8Xhoe6Mgkw86:17 Tom Basso - https://youtu.be/Ed9OuQyEmg07:47 Paul Asmar - https://youtu.be/9siE3cAcydc9:53 Peter Reznicek - https://youtu.be/spwjK5z-rCQ12:35 Akil Stokes - https://youtu.be/B53zVBOlWqQ15:13 Tom Basso - https://youtu.be/Ed9OuQyEmg020:37 Traveling Trader - https://youtu.be/oaTNPN5rTn825:39 Jason Shapiro - https://youtu.be/quDBppC0rxQ29:33 Rod Casilli - https://youtu.be/lEzI_yjccVM31:07 Andres Granger - https://youtu.be/b-_Aro639HoWHO 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#AItrading #AItradingbot #AlgoTrading #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

✅ 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

Trade against the trend. Jason Shapiro, founder of Crowded Market Report, discusses how to properly diversify your portfolio with uncorrelated returns. Learn how to find setups in currencies like the sterling, yen and bitcoin, and why it's OK to miss a trade. Learn more about your ad choices. Visit megaphone.fm/adchoices

Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG. Jason Shapiro on Twitter https://x.com/Crowded_Mkt_Rpt Jason Shapiro website https://www.crowdedmarketreport.com/ Jason Shapiro YouTube channel https://www.youtube.com/@crowdedmarketreport Follow VanEck on Twitter https://twitter.com/vaneck_us Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Timestamps: (00:00) Introduction (00:41) Jason Is "Neutral" On Stocks (03:14) If Stocks Don't Rally On A Lower-Than-Expected PCE Number, There's Trouble (06:30) Copper Has Become "The Favorite Trade On The Planet" (13:00) Central Banks Have Painted Themselves Into A Corner (20:50) "I Would Not Be Super Aggressive Here" (22:37) VanEck Ad (23:17) Jack's Push-Back Against "The Endgame" Take (26:31) Trading Off A Macro View Is Dangerous As Hell (27:37) Nvidia: The Mag One (36:49) Bond Market Positioning (41:10) U.S. Government Is Running A Pro-Cyclical Fiscal Deficit (43:50) Jason Doesn't Trade On His Macro View Of Money-Printing Endgame, In The Same Way That A Profitable Sportsbetter From New York Doesn't Bet On The Knicks (44:56) Barron's Roundtable Portfolio Is Up 2% This Year (Compared to 12% S&P 500) (51:31) Jason's View Of Market Breadth (56:49) Jason Is "Not A Big Believer In Chinese Stocks" (01:06:15) Babyish Sentiment (People Freaking Out About Stock Market Being 5% Off Its Highs) Is Probably A Bullish Sign Argues Jason (01:09:06) On A Short-Term Basis Jason Prefers Bonds To Stocks. What Would Have To Happen For That To Change? __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Jason's Links: https://tradingnut.com/jason-shapiro/?r=pod

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

✅ Get Funded & Create Your Freedom Lifestyle Trading Businesshttps://go.tradacc.com/callDo elite-level traders retire? Does the time ever come to hang up the mouse for good and move on to another season of life? Join us in this fascinating conversation with veteran traders like ICT, PAX, Al Brooks, Shadow Trader, DELI, Merritt Black, and Jason Shapiro to get their takes on retirement & longevity in the trading space. This supercut episode is chock-full of wisdom from long-time professionals.HERE'S WHAT WE COVER:0:00 Korbs Intro to Retirement & Longevity0:47 Anthony Crudele - https://youtu.be/-buEAlENE5g4:53 Merritt Black - https://youtu.be/hqvL46TkcCM6:24 Matt PAX Kenah - https://youtu.be/c348mbiwefw8:36 Al Brooks - https://youtu.be/JQc3_CvwW-Q9:57 Jason Shapiro - https://youtu.be/quDBppC0rxQ15:00 Peter Reznicek - https://youtu.be/spwjK5z-rCQ16:44 ICT/Michael J. Huddleston - https://youtu.be/i3dd8q1S84AWHO 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#SpeculatorsPodcast

1 Free Month of Software & 33% off commissions with Cobra now! Jason Shapiro manages over 9 figures and has been trading for over 30 years! He is featured in the book "unknown market wizards" and well he is not so unknown anymore! Today I was able to get him to reveal all of his best trading secrets.

Making A Living Trading for Over 30 Years In episode 445 of the Desire To Trade Podcast, we will be listening to the recording of an interview with author and trading expert, Jason Shapiro, who talks about making a living trading for over 30 years. What's the best thing a trader can do when stuck in the waiting game? The video is also available for you to watch on YouTube. >> Watch the video recording! Topics Covered In This Episode 00:00 Introduction 00:45 What's new with Jason 01:35 The waiting game is tough 03:28 What he does when he's not trading 04:11 How to wait for the right setup 05:08 Why does he stick with his edge? 07:24 Developing his trading style 08:24 Seeing trading as a business 09:46 Mindset in managing capital when trading for clients 12:26 The importance of intuition in trading 13:37 Common issues among new traders 14:42 Where Jason got his capital when he started trading 16:11 The difference between traders with normal returns and those with up & down returns 17:25 What a real edge? 18:19 Ever had an edge that doesn't work anymore? 19:19 Insights on setting a maximum for expected profits 20:37 Being on his least active trading period 21:39 Knowing your trading goals 22:17 Sticking with one system 22:37 Where to find Jason Shapiro (links below) and much more 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 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 What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group! Where to find Jason Shapiro crowdedmarketreport.com Twitter: @Crowded_Mkt_Rpt YouTube: @crowdedmarketreport What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik is joined by Jason Shapiro, a futures trader and hedge fund manager with 30+ years of experience. Jason breaks down his trading system, including how he uses speculative positioning and headlines to generate contrarian positions. He explains his current positioning, shares contrarian thoughts about a US recession, and discloses a long position in bitcoin. New YouTube videos M/W/F — New Substack posts T/R/S The Bitcoin Layer is brought to you by River. Visit https://river.com and start buying today, or use http://River.com/TBL to get up to $100 when you signup and buy Bitcoin Subscribe to TBL on Substack: https://TheBitcoinLayer.substack.com Follow TBL on Twitter: https://twitter.com/TheBitcoinLayer Follow TBL on LinkedIn: https://linkedin.com/company/TheBitco... Follow TBL on Instagram: https://instagram.com/TheBitcoinLayer Follow TBL on TikTok: https://www.tiktok.com/@thebitcoinlayer Subscribe to The Bitcoin Layer on your favorite podcast platform. Subscribe and turn on notifications for TBL on YouTube. Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch Sign up for the free Monetary History course on @SaylorAcademy : http://sylr.org/MonetaryHistory Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball Block Height 832189 #TheBitcoinLayer #NikBhatia #JoeConsorti #GlobalLiquidity #FinancialMarkets #MarketForecast #BullMarketInsights #TradingInsights #HedgeFundManager #ContrarianTrading #FuturesTrader #InvestmentStrategies #MarketAnalysis #TradingSystem #FinancialExpertise #USRecession #BitcoinInvestment #SpeculativePositioning #TradingWisdom #LongPosition #MarketNews #InvestmentTalk #TradingPodcast #FinancialDisclosure #ExpertInterview #MarketTrends#MarketDiscussion #FinancialInsights #Bloomberg #Analysis #Charts #Tradingview #InvestmentStrategy #MarketWatch #StockMarket #PassiveInvesting #IndexFunds #FinancialMarkets #MarketWatch #ETFPortfolio #ETFNews #FreeMarket #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #Macro The Bitcoin Layer and its guests do not provide investment advice.Subscribe to The Bitcoin Layer on Soundwise

Dan and Corey begin the show by discussing evidence that we're still in a bear market. They bring up equal-weight indexes fizzling out since December, the now "Magnificent Six" tech stocks still dominating, and the possibility of a decade long sideways market.  After, contrarian trader Jason Shapiro of digital publishing company Crowded Market Report joins the conversation and gives an overview of his trading style, his financial journey, and how his strategy differs from many other traders'. While others are looking to ride the trend, Jason explains that he's looking to "fade" it and find when the trend will turn. When speaking specifically about putting the risk-reward ratio in his favor over time, he says the discounting mechanism in the market is not price – it's participation. This segues into a discussion about how Jason's process works. He gives advice to individual investors who are just starting out, including warning of the dangers of following trends and "copy trading." He also details how trading goes against human nature. Then, Jason discusses automation in his field of work – when he uses it and when he ignores its advice – and provides some examples of his strategy in action. He emphasizes that market confirmation should always come first Lastly, Jason explains why he's so adamant about sharing his approaches and techniques with everyday investors that they can't find in traditional financial media. And you won't want to miss Jason's answer to the final question... He shares what he believes is the real secret behind making money in the markets.

Dan and Corey begin the show by discussing evidence that we're still in a bear market. They bring up equal-weight indexes fizzling out since December, the now "Magnificent Six" tech stocks still dominating, and the possibility of a decade long sideways market.  After, contrarian trader Jason Shapiro of digital publishing company Crowded Market Report joins the conversation and gives an overview of his trading style, his financial journey, and how his strategy differs from many other traders'. While others are looking to ride the trend, Jason explains that he's looking to "fade" it and find when the trend will turn. When speaking specifically about putting the risk-reward ratio in his favor over time, he says the discounting mechanism in the market is not price – it's participation. This segues into a discussion about how Jason's process works. He gives advice to individual investors who are just starting out, including warning of the dangers of following trends and "copy trading." He also details how trading goes against human nature. Then, Jason discusses automation in his field of work – when he uses it and when he ignores its advice – and provides some examples of his strategy in action. He emphasizes that market confirmation should always come first Lastly, Jason explains why he's so adamant about sharing his approaches and techniques with everyday investors that they can't find in traditional financial media. And you won't want to miss Jason's answer to the final question... He shares what he believes is the real secret behind making money in the markets.

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. 

➖ Join Jason Shapiro, founder of Crowded Market Report, in today's episode as he discusses “COT ANALYSIS: A Contrarian's Take On Market Positioning.” Explore using COT data for pinpointing market sentiment extremes, adopting a contrarian approach, and gaining an edge through COT insights. Jason also covers the impact of rate cuts and election-year speculation. This […]

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.

This episode, Jason Shapiro, founder of 82i, shares about his transition from investor to founder. 82i provides affordable and accessible advanced financial expertise and advisory services to startups, with an innovative pricing model based on hourly rates and no commitments. Jason Shapiro, the founder of 82i, forged his path from roles in investment firms like Resolve Growth Partners and Clayton Dubilier & Rice. Starting his finance career at Lazard and previously teaching high school math for Teach for America, Jason's deep interest in entrepreneurship led him to establish 82i, aiming to support founders with sophisticated financial expertise and a novel approach to advisory services. Here are the key takeaways: The Story of 82i: Jason brainstormed ideas about entrepreneurship to help entrepreneurs. He wrote down 82 ideas after recalling wisdom from various founders. The 82i as an alternative to employment for startups: 82i provides expert services on a fractional basis for startups. They offer CFO, CRO, and operations services based on an hourly rate with no commitments. This flexible and affordable alternative to traditional employment helps startups address any business issue. Four essential characteristics of entrepreneurship: soft skills are mentioned as crucial for successful entrepreneurship. These include strategic intuition, persistence, emotional intelligence (EQ), and creativity. Strategic intuition involves the ability to make smart decisions even when you don't have all the information.  Persistence is the ability to keep pushing forward even in the face of adversity.  EQ refers to the ability to understand and manage your own emotions and understand and influence the emotions of others.  Creativity involves thinking outside the box and coming up with innovative solutions. The importance of teamwork and a strong company culture: At 82i, personal growth and development are the focus. They prioritize making employees develop faster than they would elsewhere.  Listen to the full conversation here: YouTube: https://www.youtube.com/@risingtidestartups Apple Podcast: https://podcasts.apple.com/us/podcast/rising-tide-startups/id1330525474 Spotify: https://open.spotify.com/show/2eq7unl70TRPsBhjLEsNZR   Catch up with Jason Shapiro here: LinkedIn: https://www.linkedin.com/in/jasondshapiro  Eighty2i: https://www.eighty2i.com   If you enjoyed the show, follow, subscribe and please leave us a 5-star rating.   Your company or brand needs its own branded podcast.  PodBrand Media is an innovative and affordable way to generate new leads and create repurposable content. Learn more at  https://Podbrandmedia.com   Get your personal podcast off the ground with "How to Start a Podcast in 24 Hours" course by David Ezell. Learn podcasting essentials and save 20% by using the code RISING at realdavidezell.com/courses. Don't wait, start your podcast today.

Jason Shapiro, veteran trader and founder of Crowded Market Report, returns to Forward Guidance to discuss his philosophy for trading markets. Shapiro explains that while the only position he currently has on is being long the Swiss Franc, he still thinks stocks will likely outperform bonds based on positioning and sentiment. Filmed on November 16, 2023. __ Today's interview is brought to you by Sustainable Bitcoin Protocol, an environmental solution for bitcoin. Interested parties can find out more at https://bit.ly/46gFlgr Follow Jason Shapiro on Twitter https://twitter.com/Crowded_Mkt_Rpt Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Timestamps: (00:00) Introduction (10:51) Stock/Bond Correlation (14:39) Hindsight Is 20/20, Show Me The P&L (16:30) Gold & Oil (21:55) Narratives Are Cheap (26:36) Investing Vs. Trading (32:37) Banks & Commercial Real Estate (CRE) (40:46) Correlations & Commodity Trading Advisors (CTAs) (49:12) Jason's Long Position in The Swiss Franc (55:26) The Role Of Stop Losses (01:03:42) When To Get Out __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Join Korbs in this eye-opening conversation with veteran trader, Jason Shapiro. Discover how an introduction by a friend named Bill led to Shapiro being featured in Jack Schwager's latest book: Unknown Market Wizards. Learn how he approaches markets from a contrarian perspective and urges developing traders to ask themselves this one incredibly important question: What are you doing differently from the masses? ➡️ Where You Can Find Jason ShapiroCrowded Market Report: https://go.tradacc.com/Crowded-Market-ReportFeatured in Unknown Market Wizards By Jack Schwager: https://amzn.to/3r7IVdY

In this episode Gary Portugal and Agnieszka have a discussion sparked by a tweet of a very seasoned investor and portfolio manager Jason Shapiro, who recently posted that not trading is actually a trade in itself. This thought brought the inspiration to talk about how to do nothing in trading. Many traders have difficulty staying away from the market and cannot resist the constant flow of opportunities. It is not easy to stay away from action, because we're programmed to think that we must act. Especially if we want to achieve our goals. With decades of experience in trading and working for large financial institutions, we hear Gary share the valuable lessons he learned and his philosophy on doing nothing. One of the things he points out as a reason for the need to act is equating trading and having risk on, in the markets, with working hard. Almost as if not trading means cheating. It is key for every trader, especially if you trade for a living that you don't have to trade every day. About Gary PortugalGary Portugal began his FX journey in New York in the 1980s as a spot G10 Market Maker, before specializing in European Monetary System currencies in the 90s. After the creation of the Euro in 1999, he transitioned to trading emerging market currencies and to developing a spot FX e-commerce business at a major financial institution in London. He then spent a decade at a proprietary trading group as a market-maker in emerging market currencies to various electronic currency networks. He now trades and invests independently across all asset classes. Contact Agnieszka Wood | Ahead Coach: Website: aheadcoach.comTwitter: @Ahead_CoachYouTube: @aheadcoachFacebook: Agnieszka WoodInstagram: ahead.coachLinkedIn: Agnieszka WoodContact Gary Portugal:LinkedIn: Gary Portugal—Transcript[00:00:00] - AgnieszkaI'm Agnieszka Wood and on today's show I am very excited to introduce my very special guest, Gary Portugal. And maybe you remember Gary already from previous episode. He was here a few weeks ago and we were talking about trading for a Living, which by the way, became so far our most popular episode. So if you haven't heard it yet, I highly recommend it. It's the Episode 3 Trading for a Living. Gary has been a professional trader for 35 years and he's still trading now, just not as a professional, but sort of because he's trading for a living. So not for anyone else, but for himself. And Gary is joining us today to talk about the topic that is really hot for every single trader. And it was very spontaneously sparked that conversation that I thought this will be so valuable for everyone. So let's start. And Gary, welcome to episode number twelve: How do you do nothing? Hi Gary, welcome to my podcast.[00:01:15] - GaryHi Agnieszka, thank you so much for having me again. Pleasure to be with you. I guess I'll start by just saying what, as you mentioned, what would have sparked us to have a discussion today, which was a tweet by an investor, very seasoned investor, and portfolio manager by the name of Jason Shapiro, who he has a website that focuses on basically trying to find when markets become too crowded. So he basically measures extremes in market sentiment. Anyway, he recently posted a tweet in which he stated that, quote, unquote, not trading is actually a trade in itself. And when I saw that, it really resonated with me. And it also made me think of contacting you again because I thought it would make for a good topic of conversation. And the bit that he added to the tweet was he said it's better to miss a trade than to take a trade that you're not supposed to take and end up losing money on it. And again, that really resonated with me. I've thought that many times and in my own head, I mean probably hundreds, if not thousands of times over all the years I've been in the market.[00:02:51] - GaryAnd to see somebody actually put those words out in public on a tweet, it really woke me up.[00:02:59] - AgnieszkaBasically, it's such a powerful thing to realize, right, that whether it's in trading or in life, really, that we don't always have to do something. I think this has a lot to do with having control, that we want to control things and that gives us this urge and need to act. And this is how we grow up, most of us anyway, that if you want to achieve something, you have to put a lot of efforts, you have to do a lot of doing in order to get somewhere, right, to become someone in trading that is bringing you in trouble.[00:03:39] - GaryMany times this feeling of the need to act as opposed to doing nothing, whereas sometimes like silence. Sometimes not acting actually is an action, but it goes against what we're taught. We're programmed to think that we must act, we must talk.[00:03:57] - AgnieszkaRight?[00:03:58] - GaryWe must not be silent. We must not fail to act.[00:04:01] - AgnieszkaRight. Because how do you do nothing? How do you not act right? I always get that question from my students because in my program, I have this whole module about letting the control go and letting things happen. So basically letting it go. And then how do you let go of that control? Especially over things that you cannot control, like the market? So the question that I get is, but how do you do that? How do you do nothing? You don't. That's the whole point. You don't do anything. So you don't do doing. You just don't do it. Does that make sense? It's like, how do you do nothing? Like even your private life, you just sit there, you relax, and you let things happen for you. Right? You are more in that observer role, right? Yeah.[00:05:02] - GaryThat's a really good way of phrasing it. I think there are times when it's perfectly okay to just watch as opposed to do. I think the time to do is when you have a very high level of confidence in something, whether it's trading or any other aspect of your life, when you have a high level of conviction. And if you don't, at a given moment in time have that high level of conviction, why pretend that you do? In other words, why trade on a daily basis when nobody's putting a gun to your head and forcing you to do that? And I think that we feel the need to, as you would say, act every day or trade every day. And I think that's one of the first things that anybody trying to trade either for a living or professionally whatever, has to address this concept and come to grips with.[00:06:02] - AgnieszkaRight.[00:06:02] - GaryAnd try to accept that, no, you don't have to trade every day. That is not a rule. You're not going to get put in prison if you don't trade well, you.[00:06:15] - AgnieszkaPut yourself in prison sort of because you put that pressure on yourself. And what if then there is no trade?[00:06:23] - GaryI think there are so many reasons that contribute to people feeling that need to trade every day. Almost as if maybe people feel that if they're not trading, they're cheating.[00:06:37] - AgnieszkaRight?[00:06:38] - GaryOr that if they're not trading, that they're not working hard enough. So people equate having risk on in the markets whether they're confident in that risk or not working hard. And that's not the case. You might be motivated, you might be doing as much research, as much preparation as you possibly can, but there's nothing in the market that strikes you as worth doing. There's no point in putting on risk, right? And by choosing to not risk, you're not cheating, you're not you're not failing to try. You're recognizing that there isn't a trade that makes sense, really makes sense for you to do. But I do think that we all get caught into this trap of thinking that you have to be trading every day, otherwise you're failing.[00:07:29] - AgnieszkaAnd that's a big problem. That projecting that fact, whether you are working hard enough on who you are and your own self worth, because that is that connection that people a lot of times make. Like, if I'm there and I trade and I didn't make money, at least I feel like I've done everything I could. But that's false premise, because you have done basically everything that you have learned. That does not apply to trading just beater and putting hours in. Right. But it is not hours in necessarily placing trades. It could be hours of just watching the charts.[00:08:16] - GaryExactly.[00:08:17] - AgnieszkaThe problem is that if you're sitting in front of the charts, the next thing you know is you start clicking the buttons. Yeah.[00:08:25] - GaryThere's a tremendous temptation to try to immediately translate a thought or an idea that the chart gives you to immediate action.[00:08:37] - AgnieszkaRight.[00:08:37] - GaryAnd as opposed to being more selective, because we probably all get loads of ideas over the course of a year. And looking at if you look at charts on a daily basis, I do, I do a run through of the charts every single day, without fail, sometimes twice. And you're always going to get hunches from that or ideas from that. But only some of those ideas, or maybe even a small percentage of them, are what I would call really actionable. Doesn't mean that you can't learn from them. You know what I mean? In other words, because the chart gives you an idea, it doesn't mean you necessarily have to do it immediately. It might mean that I see a process going on here. I see that silver may be bottoming. That doesn't mean that on Wednesday, July 5, you necessarily have to buy it. If you did buy it this morning, you'd be up some good money right now. But if you're looking at it thinking, god, this looks like in three months this is going to be could be a lot higher. Still doesn't mean you necessarily have to do the trade today. But it's on your radar now.[00:09:44] - AgnieszkaRight?[00:09:45] - GaryBecause it's on your radar, it doesn't mean you have to do it right away.[00:09:48] - AgnieszkaRight.[00:09:49] - GaryI don't look at silver normally, it's not something I look at every day. So I don't just want to jump into it just because I happen to see something on the chart. I'd like to maybe play with it a bit, think about it a bit. That means that I might miss a little bit of the move, but I'd rather get into it when I feel like I'm ready to get into it as opposed to just, oh God, got to have this on now because I saw it on the chart and it looks great.[00:10:13] - AgnieszkaIt's just so interesting that in other areas of our life like imagine that you have some ideas about maybe buying something or maybe going somewhere, traveling somewhere or doing something, I don't know, building your own coffee table or something. Right. Do you also jump into all those ideas right away? Just start buying all the things that you are dreaming about and going all the places, booking your tickets you also don't do that. Right, that's a great point. Nobody's doing that.[00:10:50] - GaryExactly. Can you imagine if you acted on every impulse that you had in your personal life, whatever about things you want to do to the house, with travel, with learning something new. I mean you'd drive yourself nuts.[00:11:02] - AgnieszkaTotally.[00:11:03] - GaryYou'd be doing 30 different things at once and you wouldn't achieve any of them.[00:11:07] - AgnieszkaExactly, yeah. Being selective, I think in life in general it's a pretty big virtue but it also gives you a certain peace and that is what gives you control. Right? Being selective, being in that position where you are actually making a choices. What is the best course of action for me at this particular moment? Not just because everything is moving and I'm going to jump into 100 positions because just everything is moving but thinking, okay, what makes me feel good to go into? I used jump on purpose because I always say if your head is telling you jump into something, you probably shouldn't do it because jumping by principle means very impulsive action. Right? Yes. Emotional. Yes, exactly.[00:12:02] - GaryLetting the emotion take over the process which I don't think is great and.[00:12:09] - AgnieszkaIt might be great if you can be spontaneous in your life but in trading in general yes. Not a very good idea.[00:12:18] - GaryI agree with that. See that's another I totally agree. That's another example of sometimes how trading can contradict the rest of your life. I agree with you. Spontaneity, generally speaking, is a good thing in life overall. But yeah, in trading it can be a real problem. Interesting to think about what makes selectivity hard for people? Why is it that people find it difficult to implement being selective? And I wonder if part of that might be that being selective means being able to accept that you could still get it wrong. Like if you're selective, that's not a guarantee that you're going to win, it might increase your chances of winning and then maybe people feel like, god, if I'm very selective and I don't get it right on those selective moments when I do take on risk, then God, I must really be a failure. But I would argue that that's not the case because if you're being selective and you get it wrong, you're probably going to have another chance. You'll have another chance to take risk.[00:13:25] - AgnieszkaRight.[00:13:26] - GaryWhereas if you just take risk indiscriminately for 20 days in a row without being selective, you might run out of money, you might not live to fight another day, whereas with a selectivity you will live to fight another day. Yes, you might miss some trades that would have been winners by being selective, but I would argue that at least you live to fight another day if you choose to put a trade on and it doesn't work.[00:13:55] - AgnieszkaOne of the reasons why I think it is so difficult for people to be selective is because they don't have a very well specified object of their attention. Like what do they want? If I exactly know what I'm looking for, if I exactly know what it is that I want, I can be much more selective because I know the reason why am I selective? Right. If I don't know exactly what I'm looking for, how am I even going to do that selection? How am I going to say no to things that are not within the scope that brings me closer to what I want? And then the second part of it, I think, is patience.[00:14:40] - GaryYes.[00:14:40] - AgnieszkaAnd that has to do with how do you specify what is your expectations to get what you want and how soon, right?[00:14:51] - GaryI think that's huge. Being able to both on a sort of a micro level and a macro level, both in terms of, say, a particular trade, like not demanding that you get your reward within 1 hour. I mean, it might be something that you have to sit with for a number of days, possibly even weeks, maybe even longer, to get the real, real reward of that trade. And then the more macro thing is in terms of judging how it's going and assessing that you need a number of trades that you can't expect that after three trades, even if you had won on two out of the three trades, let's say, you can't expect to have that make a life changing difference. It's going to take this is a process, I think. I mean, people might not want to hear this that acts out in years, not in days or weeks or even months, right? And you have to be prepared to look at it that way. That you're on a journey that over a period of years that if you work at it, if you stick to the process, if you learn to try to do less of the things that don't work and more of the things that do work, I think over a period of years, you are going to get the reward from that.[00:16:13] - GaryBut you said, do people have the patience to wait for that? Do people have the patience to even wait for an individual trade to give them the reward that they might be able to get from it? Or are they just happy to say, oh God, that's an okay profit, I'll take it off. Meanwhile, maybe they could have made double the amount if they kept part of the position on but it's the lack of patience it's the wanting to solidify it right now, like the desire for the certainty. And maybe it's the desire for self praise to be able to say, yes, I made some money, I'm going to pat myself on the back.[00:16:50] - AgnieszkaYeah. Because of that self worth. Right. It says something about you, what you were able to achieve, and you want to do it sooner than later, especially if there was a long period of time where that wasn't the case when you were failing. So now you have this urge like, okay, I finally want to feel good.[00:17:10] - GaryLike the need for self validation, if you like, through a positive trading result.[00:17:16] - AgnieszkaYeah. And self validation through trading is kind of lost battle because you see the difference between how we get self validation from other from a job, for example, is not through money. We know we will get money if we do a good job. Right. And there's so many researchers done that actually money is not a good motivator. That pat on the shoulder from your boss is much more powerful than getting a raise because the money eventually will fade. The value of the money in trading, it is so difficult for people to disconnect it. They really see themselves valued depending on how much money they make.[00:18:02] - GaryI agree.[00:18:03] - AgnieszkaAnd I see it many times that when you have big profits, you feel invincible. You'll feel like a king of a castle. Right. And it's like, oh my God, I made it. And then there is a one week where it's not going well. Then your whole world collapses. And that's such a if you cannot let that go, if you cannot let go of that connection, it's going to be very difficult to work like this the whole life. Do you want to feel like this right when you trade for living?[00:18:48] - GaryYeah. If you require that dopamine hit every day. That is a problem. Because you could have a whole week, even if, let's say, you had a very good period where you had, let's say, two weeks where you did very well, and then you had a third week where you just really didn't have any ideas and you did very little. I think for some people, the risk is that they view the third week where they do very little as a failure.[00:19:18] - AgnieszkaRight.[00:19:19] - GaryBecause it's not that they lost money, but they feel a sense of failure because they didn't make money.[00:19:25] - AgnieszkaRight.[00:19:26] - GaryAnd I think there's a big difference between not making and between actually losing. Once you lose money, you've got to recover that just to get back to break even. And I think sometimes people underestimate that that's easier said than done. It's very easy to say, oh, it's only a little bit, or it doesn't really matter. But if it if it starts to add up, you get to a point where you have a lot of work to do just to get back to flat. And that's why I think it's perfectly fine, whether it's following two bad weeks or two good weeks, to have a week where you just don't do much. If you don't really have something that warrants putting on risk for, you can't put on risk just to meet the daily expenses of trading or living expenses. I think that's something else, maybe that people have to bear in mind. I know that people will feel pressured. They'll think, okay, I've got utilities, I've got subscriptions to pay for, I've got charting systems, I've got brokerage, all this stuff. And if I don't make, then I'm not coming up the money to meet those expenses.[00:20:44] - GaryBut if you think of it in those terms, I think you're putting additional pressure on yourself could lead to a bad outcome.[00:20:53] - AgnieszkaDefinitely. Because pressure in general, I mean, there is enough pressure in trading. Right. And putting pressure, financial pressure on yourself, it takes your focus away from the process.[00:21:06] - GaryAbsolutely right.[00:21:07] - AgnieszkaYou cannot perform well when you are thinking about just the end result and whether you will make money or not. And it's just so interesting because that whole money part in trading, I think that's like the most tricky part. People forget that the focus can be not on trading for money, but just trading with money. There's such a big difference. Yes, we are trading with money that is the product of that business, but that doesn't mean that you need to focus on trading for money.[00:21:41] - GaryYes.[00:21:42] - AgnieszkaIt just gets kind of meshed up together and people cannot take that separately because you see, in other businesses, a lot of times we do make decisions, okay, I'm going to work for this company because my values agree with that and the way I feel better about myself working for a company that protects the environment. Right. It says something about my value. So now when you are working in the market and you're working with money, that connection to that personal value is also made. That is what makes you value yourself based on the money you make. Because there is simply nothing more. You cannot say, oh, my trading company saved the world or saved the dolphins. Right. Now I feel better. No, you automatically connected to how much money I make. And can I feel better now because I did the good thing with my company? And you're absolutely right. That's the part that people forget and they need to remind themselves continuously, because if you keep thinking like that, it's going to be really hard to come back and actually focus on the process.[00:23:03] - GaryYeah. I think there always has to be such a clear distinction between process versus the result, and that if you're following your process and it's a reasonable process, it's okay if you have a negative result, it's not a bad trade if you followed your process. Yes, it's a bad trade if you don't manage your risk properly. If you didn't execute your stop loss when the market reached that level, or if you knew you were putting the position on at a time when it probably was a bit too risky to do. So, like, you know, you're not going to want to have a position on into the FOMC meeting, so should you really be putting a trade on the night before the FOMC meeting? Because you know, the market's probably not going to move that much anyway. Even if you're right, things like this, are you following your process, number one? And number two, is the process good enough now? There's two different questions. I mean, I think following the process is absolutely fundamental. You have to do that. And then the other aspect is just evaluating the process over time. I mean, if something hasn't worked 27 out of 30 times, then fair enough.[00:24:37] - GaryThen at that point I think you can say, all right, this isn't working. I either have to do less of it or stop doing it completely and analyze why. But if you're making money five out of ten times doing something, the other five out of ten times you're losing, that's not necessarily a bad thing. If you're following your process and the times when it's not working, you're quick to minimize the loss.[00:25:05] - AgnieszkaThat's fine.[00:25:06] - GaryBut I think so often there's a temptation to look solely at the result and kind of undervalue the process. I mean, if you have put a trade on and managed the trade properly from start to finish, even if you haven't made money, it's not necessarily a bad trade because you lost money on that trade, right? If you put a trade on that was in clear violation of your process because you reacted to something emotionally and you happen to make money on that, that actually might be a bad trade even though the result is positive.[00:25:44] - AgnieszkaAnd then you can start measuring, like, how many of the real bet trades are you making and how many times you made a good trade and it doesn't work because then you can start actually looking at yourself as a trader from a very different perspective. Right. I was really curious about what is your take on back testing, because I know that in general, it is being said that you need to have at least a sample of at least 250 trades. If you back test, what's your take on it?[00:26:17] - GaryIt's funny that you mentioned it's almost like you read my mind, seriously, because I think it's good to give something a certain period of time. And maybe you could say maybe in test mode, if you like. You can either do that by just doing it on paper and not putting real money into it, or another way to do it is just take very small positions and try a method out. The problem with giving with real money, it's difficult to give something 250 times because if you get it wrong, 200 times you might run out of money, right? So I think at some point you have to place a limit on it. But I think it is really useful to, in your own way, come up with a method of back testing. Some people will do it in a very sort of traditional way with algorithms or software or whatever. Other people might choose to do it an old school way, just keeping a journal. I feel like I'm constantly doing that. I'm always doing that because market conditions change and things that work well in volatile environments might not work well in quieter environments and vice versa.[00:27:40] - GarySo to me, it's almost like as you're going through your trading, especially if something isn't working that well, I think it is good to sort of back test it at that point. Maybe stop doing it with real money. Do it on paper. If you want to continue doing it, do it in much smaller size. Keep track of it and be honest with yourself and say, okay, out of the last ten times, how many times has this worked? And if it's not working, try to identify why. Is there a reason why something that you think should work isn't working? What am I missing? What piece of the puzzle am I not taking into account? Is it simply that this strategy isn't appropriate to current market conditions? Or is it something else? Is there something that I'm completely overlooking that might prevent me from taking these sort of trades? I also think there's nothing wrong with using a back testing process to decide and say, you know what, I can't figure out why this isn't working. But the bottom line is it's not working, right? Whether I can figure out why or not almost isn't that important.[00:28:54] - GaryFact is, it's not working for me and it's okay to stop doing it.[00:29:00] - AgnieszkaAnd we are back to doing nothing. Because that's exactly the moment when you should stop and actually take a step back and start looking into how am I going to fix this problem? Right? Instead of doing more. Because that's the very first reaction. Something is not working. I'm just going to put more work into it until it's working. And that's where people start losing their accounts.[00:29:27] - GaryHow about this? I mean, look at it this way. Almost like fear of doing nothing. In other words, if you stop doing what's not working, all right, then that's going to mean you're going to go through a period where you may have to do nothing until you find something that you feel will work. And I think people have discomfort with the uncertainty of that. In other words, what does that mean? Does that mean I can't trade for a week?[00:29:53] - AgnieszkaExactly.[00:29:53] - GaryDoes that mean I have to stop trading for a month? I can't do that. I can't stop trading for a month. It's not only the bills that I have to pay. It's the psychology. Yes. It's almost like saying you can't have ice cream for a month, right? People don't want to hear that. And it's the fear of the unknown, the lack of certainty.[00:30:13] - AgnieszkaI love what you said, fear of doing nothing. I think this is like a viable fear because it's like, you mean, I'm not going to trade, so I'm not going to make money. And then I say, yeah, but you're also not going to lose money.[00:30:27] - GaryAnd what does that do to your feeling of self worth if for a period of time you're doing nothing, are you then devaluing your self worth during that period when you're doing nothing? I mean, I think it's a mistake and sad if people do that, but I think that's what's happening totally.[00:30:45] - AgnieszkaI think the need to be useful is so deeply ingrained in us. Like, I need to be useful.[00:30:53] - GaryYes.[00:30:53] - AgnieszkaAnd people forget that just by living, you are already useful because you are contributing to the society. Just by being there. You are useful, you have a role. And especially like if you have a family, there is always a role that you are fulfilling and for yourself too, because if you are doing nothing, you giving yourself rest. And that's very useful. Useful to your mental state, useful to your body taking rest. Right? So you actually letting a lot of processes that normally when you are going like crazy, trying to do a lot of things, trying to work, like machine and stressing yourself out about losing money, about have to have a trade now you're giving yourself that moment where your nervous system can actually finally recharge and recoup.[00:31:52] - GaryI think having the opportunity in periods where there's less obvious trades to do or where you don't have, where something isn't immediately hitting you that you should do in the market. I think people sometimes underestimate how valuable that could be in terms of just like making sure that you're taking advantage of that to exercise, to look at other aspects of your life that you may be neglecting slightly. That is an advantage of having that period where there are no great trades to try to do, right? Look at your diet, look at your exercise, your sleep, whereas when you're just wrapped up, I think in robotically trading, whether it's working or not, I think there's a tendency to neglect these other areas of your life yeah.[00:32:46] - AgnieszkaWhich are, by the way, having that opportunity to do that and having that freedom is the reason why people step into trading in the first place. So just start living it already, right? Don't wait until you make it because those parts, like the moments that you are taking off from trading when there is no opportunity actually helps you to achieve your goal much more than sitting there and over trading right, and accepting it. That this is part of this job will give you also more freedom, mental freedom and more. Feeling that you are actually making it. Right. I know there's this whole term to make it because it's not really like one point in time. If you want to trade for a living, start living a trader's life. And that involves not trading all the time.[00:33:45] - GaryExactly. I think there's a big element of thought, just pains me of ego in this. In other words, being able to actually say I don't know which way the market's going to go today.[00:33:57] - AgnieszkaRight.[00:33:58] - GaryI can make a good case for it to go either direction. Honestly don't know. But I think ego prevents a lot of traders from saying that to themselves because the thought process is that oh, I'm supposed to always know where the market is going to go every day. Well, maybe if you're working in a bank as a market maker, that's what sort of drilled into you. But if you are a professional trader or somebody trying to trade for a living or whatever, and you're not working for large financial institution, it's impossible to pretend to know where the market is going to go every day. But the ego, I think, makes us feel like oh, if I don't know where it's going, then I must be stupid, right? I must be thick if I can't predict where it's going.[00:34:44] - AgnieszkaYeah, I'm supposed to know.[00:34:46] - GaryExactly. Bingo. That's a great way to put it. I'm supposed to know and if I don't know, I'm a loser. Yeah, how silly is that?[00:34:55] - AgnieszkaI know.[00:34:55] - GaryI think it's so important to be able to admit and say, you know what, I can't call it here, I really can't call it. But I think people have a hard time being able to look themselves in a mirror and admit that to themselves. Nothing wrong with it, to not know where it's going to go.[00:35:12] - AgnieszkaIt's part of letting that control go.[00:35:14] - GaryExactly.[00:35:14] - AgnieszkaAccepting that you don't control the market and all you can do is just follow it, defining the direction. It's nothing set in stone because it might go your way, the way you think it's going to go for a while and then it might going to turn around. So are you now right or are you wrong?[00:35:33] - GaryExactly. If you were right for 3 hours and then it starts to reverse, are you then wrong if you've still held the position right as opposed to if you were right for just 14 hours straight? Exactly right.[00:35:51] - AgnieszkaYeah.[00:35:52] - GaryIt is a moment in time.[00:35:54] - AgnieszkaFunny thing is that or maybe actually it's not really funny, it's pretty sad that the ego will always pick up the side of trying to criticize you. So even if you were right for 3 hours, it will know to turn around the story to tell you that you were not good enough and you haven't done the proper job to identify the direction of the market.[00:36:17] - GaryAnd that's negative feedback, it's negative self talk and this type of thing I think is to be avoided like the plague. It's really counterproductive. But I think, as you say, I think it's unfortunately, it's kind of like human nature in a way. But it's something that we have to try to fight to try to counter because it's going to hold a traitor back having that sort of tendency to always be self critical, right.[00:36:51] - AgnieszkaOne of the reasons why people like to be always busy is because the moment that you are not that you are doing nothing and you actually sit there and observe, that's where all the thoughts are suddenly visible and all the thoughts are coming into your head. When you are busy, it's much easier to push them away, right. Because you're just doing something, right? So you're not that focused on your head. And that's most of the time where people start doing and doing and doing and doing thinking. This is actually helping me. The thing is with the thoughts is we cannot release them if we don't let them. Like if we don't acknowledge that they are there, we are just pushing them away. That's resisting and they're still there, it's just that we don't want to see them. I like to compare thoughts to the clouds and they're just passing by through your head, right. Your brain is that tool we have that kind of reads the thoughts. So if this thought is coming up, it doesn't mean you have to do something with it, you have to hang on to it. You can just look it as a cloud, it's passing by and it's up to you what you do with that.[00:38:12] - AgnieszkaBut if you are pushing it away when it's coming, it didn't go away, you just put the block in front of it and say, no, not now. So this thought is kind of circling around and waiting for you to release it. So don't be afraid to do nothing and to let those thoughts come, even if you don't like those thoughts. But you will at least have this experience that you don't have to do anything with the thoughts and that you are not the thoughts that's I think the biggest part of it. You are not your thoughts.[00:38:48] - GaryI agree with that. You mentioned talking about being busy or the concept of being busy. I wonder if sometimes people fear never being busy again. In other words, it's the fear of like oh, if I'm not busy now, does this mean that I might never be busy again? And it gets back to the which of course is irrational. But it's that fear. It's almost like the fear that there will never be a good trade again. As if this is it, I got stopped out, I took a loss and God, it's going to be six months before I see another.[00:39:25] - AgnieszkaAnd again, it's not rational, right, because 2 seconds later you're in another trade.[00:39:31] - GaryExactly. I mean, the power of fear, I think, can't be underestimated and unfortunately, like the negative power of fear that if we don't manage it well, it can really lead us down terrible rabbit holes. Something else I just wanted to touch on before about just this whole concept of doing nothing is that there's a difference between failing to take a trade that you should take. In other words, your process says that you should take it, and for whatever reason, you choose not to. You get cold feet, you get nervous, and you decide not to take it. So you do nothing. That's different than consciously choosing to do nothing because you don't see any value in the market. You don't see any good trades to do.[00:40:24] - AgnieszkaThat's a very good point.[00:40:26] - GaryWhen we talk about doing nothing, we need to distinguish between doing nothing as a conscious choice, that's process driven, or doing nothing as a result of not following your process.[00:40:40] - AgnieszkaRight.[00:40:41] - GaryTwo totally different scenarios there.[00:40:44] - AgnieszkaSo how do you do nothing? What do you do? Do you do something when you do nothing?[00:40:51] - GaryI think the way I look at it is this. I mean, for a start, the charting helps. Making sure that, especially in quiet times, that I do a really solid run through of all the markets that I look at, across asset classes, and I don't look at 100 or anything like that. I probably bet maybe 20 instruments in total that I look at. But I look at them on different time frames, like quarterly, monthly, weekly, daily, four, hourly, just to get a sense going back in time about what the bigger picture is and then taking it all the way up to what's going on right now. And I always feel that when I'm doing that, even if the market's quiet, I don't have any active trading ideas that I'm kind of getting prepared. In other words, it's like doing my stretching. In other words, it's getting me ready for when something does happen. Either a level is reached or a level is broken, or doing this sort of preparation. The other thing is more like fundamental research, like just listening to podcasts, reading research, not everything. Again, being selective about it, finding things that I find help me, like commentators that make me think of things that maybe I overlook sometimes, making sure that I understand what's going on in the market.[00:42:22] - GaryAnd I think that quiet market, when you're not actively trading, it's a wonderful time to do that, right? You can maybe read something with a bit more attention. You can maybe listen to a podcast or webinar and not be distracted. You can be a bit more fully focused on it. So basically, long winded answer to your question, how do I do it? How do I do nothing? I try to increase my knowledge base whilst I'm waiting for my next trade idea to come. Just keep increasing the knowledge base, what I know about what's going on, even try to improve my understanding of things like why yield curves get inverted and what that means and why if an inverted yield curve means a recession, well, how come we're not in a recession now? Where's the recession, right? Just trying to improve a little bit each day in terms of overall market knowledge that might help me in terms of putting on positions and looking at that as a win. In other words, not saying, oh shit, I haven't done any trades today, or I traded in a flat or a little bit, lost a little bit.[00:43:35] - GaryNot looking at that as like a defeat saying, hang on a second, I might have learned something today. I might have picked up some knowledge or a way of looking at the market that might help me going forward. And another thing I would add that I haven't mentioned so far is the human behavior aspect of this, which is where, frankly, people like you come in, like, hang on a minute, there is this human behavior component to this. What am I doing? Am I helping myself get the best out of myself, often trading and otherwise and kind of allocating some time to that, like listening to podcasts from people like yourself and questioning and taking a little bit of time to say, okay, am I doing things that are making it myself more productive or less productive? And if not, what needs to change?[00:44:28] - AgnieszkaRight? And that is actually a really great way to give that feeling to yourself of I am growing as a trader, right? Yes, because you increase your knowledge as a trader. So you grow as a person, as a trader without connecting it to the end result of how much money I made. Because knowledge has so much more value than the nominal value of the money you make. Because if you are really growing as a trader, your account will follow, especially if you do that in the time where you should not be trading, right? Because now you're spending really actually the time that you have allocated to trading on something that's very valuable. And I think when you are in that moment where you are not trading and you start journaling your thoughts, your emotions, what is going through your head, what is going through your stomach, what feelings do you get, what urges, what fears. If you start writing that down, you will start discovering patterns that are pushing you to take trades that you shouldn't be taking, that you will start noticing how you talk to yourself and that will give you that different perspective of, oh, okay, is this really what I'm doing to myself?[00:46:00] - AgnieszkaBecause you might start noticing some ruminating thoughts and noticing that it is actually most of them are not true, that they are not in line who you are, but they do make you feel bad about yourself. So that's a very great suggestions and ways for the listeners to implement into their trading. So thank you for that, Gary.[00:46:24] - GaryYou're welcome. I think yeah, just trying to have a mindset of growth and having confidence that over time that will yield rewards versus what I would call a mindset of desperation and lack of patience, where you're looking for it to just happen the day before yesterday. And I think you and I, the last time we had this discussion, it's no different than a human relationship.[00:46:53] - AgnieszkaRight.[00:46:53] - GaryThe same thing, if you're approaching it from a mindset of it has to happen right now with desperation, I would say that by default, it's not going to happen. You're going to prevent it from happening. And I think it's hard for people sometimes to accept that.[00:47:11] - AgnieszkaAnd you know, the reason why that happens is and a lot of people don't see it because when you push something, you put so much force to it that you push it away from you.[00:47:26] - GaryExactly. I totally agree with that. And it gets back to what we began the conversation with, where this sense that we are programmed from a young age to think that action equaled good.[00:47:39] - AgnieszkaRight.[00:47:40] - GaryTaking action equals being proactive. You know what I mean? We're taught that sitting still is not a good thing. I think that, unfortunately, that affects people's trading, and it all affect their human relationships. Try too hard to make it happen as opposed to allowing it to happen. That can get you into trouble.[00:48:06] - AgnieszkaTotally.[00:48:07.] - GaryBut again, that comes from having faith in the process over time. In other words, not being desperate to see the result immediately. I mean, I've watched different type of podcasts on trading, psychology and human behavior, and I can't tell you how many times when I hear seasoned veterans talk, they talk about making progress over a period of years. It's very rare that I hear somebody talk about their history, either recent history or further back, where they just say, oh yeah, it all happened in three months. Within 90 days, I was a genius. Generally speaking, people define their progression and getting to a stage where they felt confident and confident in years. Not like one or two, like three, four, five all the time I hear this, but I think particularly in the world that we live in, we live in a one click world where information is transmitted in a nanosecond over social media and whatever. So our expectations of time and our expectations of processes have sped up enormously. We can't compute something taking two, three, four. We can't compute that we want to see it now.[00:49:32] - AgnieszkaRight.[00:49:33] - GaryAnd I think that's more the case in 2023 than ever. And it's a function of technology, and we have to all learn to come to grips with that psychologically.[00:49:44] - AgnieszkaIt's interesting that you said it, because recently I spoke to one of the traders and we were talking about his readiness to go over to trading for a living. And the discussion went on not necessarily the technicalities of trading or how well you can trade, but it is more how ready mentally you are to make that step. How ready you are to actually acknowledge that you will have to take responsibility for every single action you do. You will have to take responsibility for exist in that moment of insecurity and also perform in that environment. Right. Not knowing if you are going to bring money this month, that's a huge step, mental step that you have to make because you might be for three months consistent and then get this idea, okay, now I can trade for a living. But then you step over and suddenly things are going completely different than they were before, just because mentally you cannot handle that pressure. And I think it definitely takes long time to make that switch. To become aware of it is one. But then to accept it and be willing to practice it, because it's a matter of building emotional immunity to stress, to risk, first of all.[00:51:23] - AgnieszkaRight, and making sure that you are building that immunity in stages and not immediately take a huge risk and lose a lot of money and hurt yourself because now you are even further away from where you wanted to be. So yeah, it definitely takes time.[00:51:39] - GaryWhat a great phrase, emotional immunity. I love that desire for certainty. That's something I think people need to try to conquer. Like what you were just saying, accepting that, okay, you've had a couple of good weeks or good months, but that doesn't necessarily mean that the next month is going to be a successful month. I mean, take for example, summer month. Summer trading is very different from the rest of the year. There are some people who struggle with it and there are some people actually do quite well with it, right? So that's a perfect example where you could have a period where you do well and then because of that you think, oh, okay, I'm entitled to this. The plane is up in the air and there's never going to be any turbulence.[00:52:28] - AgnieszkaThat's a great comparison.[00:52:32] - GarySeptember, October comes around and the character of markets changes a bit and all of a sudden you're finding it harder to make money. And you thought that you had the ability to cope with the uncertainty down pat and then you realized that you didn't. So you're right. Accepting the permanence of uncertainty is different from you actually being able to implement that day after day, week after week. It's one thing to think it, it's another thing to actually do it right and not get crushed when it's going well and all of a sudden it stops going well.[00:53:16] - AgnieszkaYeah. And I think the one measure of it is how easily are you of your piece when you lose, right. If you are still in a stage where you feel bad about yourself when you are losing, then you are really far away going full time trading, because then you're definitely not immune to losses. Right. You are not immune to your result. And if you have that, it's going to be constant up and down and you will just wear yourself out emotionally. So there are different stages where you can notice, okay, I'm actually not being influenced whether I had a green or red day and I can just go and have my dinner and still enjoy the rest of my day. I can go a step further. Right. But if you want to go from A to immediately to Z and to make that switch and say, yeah, you know what, I've been trading now for two years, I think I'm ready, without making that journey, because it is a journey. And some people maybe make it faster, maybe they are emotionally, I don't know, more prepared for depending on what they live through in their life and how they release their emotions.[00:54:38] - AgnieszkaI know that some people, they are much easier accepting what's happening and letting it go easier. I like to compare it to growing a plant. There is only so much you can do. You can give it water, you can give it good dirt, you can fertilize it, give it sunlight, but then you have to wait.[00:54:59] - GaryExactly.[00:55:00] - AgnieszkaIt will not make any sense if you stand on top of it and scream to it to grow faster.[00:55:05] - GaryExactly.[00:55:06] - AgnieszkaIt's not going to happen. So that's the same with trading. You can do all the things in your favor, but then the process has to take over and you have to give.[00:55:18] - GaryYeah, there needs to be a passage of time. And this has come up in some podcasts that I've seen over the years where people think that they can condense. That like in reading a book where everything makes sense, the concepts make sense, and you've read the book and say, you know what, I'm going to implement this and really make sense. The implementation takes time. And the implementation doesn't happen just in the week or two weeks that it takes to read the book. It's about everything that happens afterwards.[00:55:58] - AgnieszkaRight.[00:55:59] - GaryAnd as you said, there's no set formula. Some people need more time than others. But no matter how naturally it comes for everybody, even people who have a natural skill in trading, I think that it's a process. And it isn't a process that's completed just by reading a good book.[00:56:18] - AgnieszkaNo, totally.[00:56:19] - GaryThat's like just 1% of the process.[00:56:22] - AgnieszkaRight.[00:56:23] - GaryI mean, that's just kind of like the trail map that maybe points you in the direction of where you're going. That's just the beginning. I think people's expectation sometimes is that, okay, if I watch some webinars, read some books, that's it, I'm done, it's going to happen. But until you actually trade yourself and work on applying all this, it's in the application of the concepts, I think, to your own situation, your own set of circumstances. That's where the progress is made. Not just in reading about discipline, reading about controlling your emotions.[00:57:04] - AgnieszkaRight.[00:57:05] - GaryYou have to do it in real time and experience the ups and downs from that and try to learn from the downs in particular.[00:57:15] - AgnieszkaYeah, because it will always come back to you as a person who you are and how easily can you act in your best interest.[00:57:26] - GaryI've heard one trader in the market describe trades as sort of like capsules of information that he's being given after there's a winner or a loser, that there's something to be learned from. In every situation. Did I follow my process? If it didn't work, why didn't it work? Things like that. So there's something yeah. Obviously, none of us wants to have a lot of consecutive losing trades. But when you have losing trades, there is information begotten from that that can potentially help you avoid that in the future, whether it means that you have to change your strategy or maybe take a look at your process and look at it as something that can be learned from, rather than just saying, I lost money on this trade, therefore I'm a loser.[00:58:25] - AgnieszkaRight. And the interesting reaction to that is when that happens, instead of looking at that particular mistake or at that particular period going through the process, going through what you were thinking and how did you act to the impulses from the market? Many traders skip that part and they go to YouTube and start watching just kind of some random webinar about how to trade. Right. Or some other strategy. I'm like, but wait a minute. The real lesson is there. You already paid for it because you took a losing trade, so you paid money for it, and now you go and start watching some random thing. That's not what you're going to learn about what just happened. You might learn something different, but not what you just pay for.[00:59:13] - GaryYeah, that's where getting back to what you mentioned before, that's kind of where back testing comes in and observing what happens and almost observing, okay, why didn't I not see? Why did I not foresee what happened in the market? Or why was I unable to recognize it in a more timely fashion and actually learning from it?[00:59:43] - AgnieszkaRight. Things are happening for us and not to us. That's how I like to look at things, whether it's in life or in trading everything what happens. It's a feedback. It's a feedback. It's some information that we are receiving. And if we don't use that, we will get another lesson. That's just my very personal belief that if I don't get a message, if I don't learn from the experience, I will probably get an experience that the universe will give me and say, okay, I assume you haven't noticed the lesson I just gave you. Let me make it more clear. And the experience would be just much.[01:00:27] - GaryStronger spot on I so agree with that. If you're not willing to at least acknowledge the feedback that the market's giving you, then you're setting yourself up for a problem. You have to listen to the message. Not to say that you necessarily have to change everything all the time and just on the basis of one or two bad trades, but if you're being given a message, I agree with you, it's important to heed that and not discard that and not just say that, oh, the market's wrong. They just don't see it the way I'm seeing it. Yeah. I think that's so important to when you're given a message, acknowledge it, not need to repeat the same mistakes over and over. Getting back to what you just said about watching YouTube videos, this sort of thing, I think it's really important for people to make knowledge their own. In other words, rather than just watch something and say that, I'm going to duplicate what this person's doing is to find a way of making it your own. And that might mean only implementing parts of what you've heard rather than the whole thing.[01:01:44] - AgnieszkaRight.[01:01:45] - GaryIn the end, it has to work for you. In other words, nobody can create a master plan of trading for you. You ultimately have to do that. You can get some knowledge, you can perhaps get some guidance, but in the end, you ultimately have to make it your own. And I think sometimes there's a tendency for people to think that, well, if I just follow rigidly to a T what this so successful person is doing that I'm going to succeed, and I don't agree with that. I think you have to, in the end, come up with your own sauce if you like your own recipe.[01:02:22] - AgnieszkaRight.[01:02:22] - GaryYou can take guidance from people, whether it's people dealing with trading, psychology, human behavior, technical analysis, but you ultimately have to make your own dinner.[01:02:33] - AgnieszkaYeah. Because that's where the confidence will come from. You have to understand it on a deeper level. You have to understand what you're doing and why you're doing it. And that is also the part that requires time, because when you just start trading and someone will tell you, yeah, you have to make it your own, you don't even know where to start. Right. It kind of all starts clicking and making sense and becoming yours while you're doing it. Because now you start understanding, oh, this style doesn't suit me. This I don't really understand. Yeah, I put all these lines on my charts now I don't see the candles. You have to kind of give it time and give effort to understand what's yours, who you are as a trader, because you are forming yourself as a sort of a new person right. In life, just like every actor has its own character, you're becoming a trader with your own character and your own strengths and the way that you will be expressing yourself in the market.[01:03:39] - GaryAbsolutely.[01:03:40] - AgnieszkaI think that this was such a great discussion. Is there anything that you would like to add?[01:03:48] - GaryGive you one final thought that relates to what we started with this whole idea that actually that doing nothing is okay. We all are familiar with the word FOMO, but I think there's a particular type of FOMO that really gets people and can lead to them having difficulty just doing nothing. And that's the fear of not being involved when a market absolutely takes off and rockets right nvidia did not that long ago, especially when it's something that might not be logical, that might not be a lot of sense. And I think being able to deal with those feelings is important, because if you don't deal well with those feelings, I think it can be very costly if you act on the fear of, like, oh, God, I'm going to feel like such an idiot if this market goes to the moon and I haven't managed to catch that move. I don't think it's necessarily so much people fearing an intraday move. Of course we don't like missing an opportunity to make money intraday. But I think where people are particularly sensitive, seeing a market just move big over a number of days or weeks and then feeling like an idiot for not having caught that and then maybe doing something afterwards that they shouldn't be doing to make up for it when they would have been better off doing nothing.[01:05:33] - GaryIn other words, accepting that you can miss big moves, it's not a crime.[01:05:40] - AgnieszkaIt doesn't mean there will be more.[01:05:43] - GaryBut if in response to missing a major move, you break down emotionally as opposed to doing nothing when you should be doing nothing, you're then going to set yourself further behind. So, yeah, my closing message would be don't let extreme FOMO sabotage your emotions and bear in mind that there are situations, many situations, where doing nothing is actually the rational choice.[01:06:13] - AgnieszkaRight.[01:06:13] - GaryAnd the right choice. The right trade.[01:06:16] - AgnieszkaThe right trade. That's very well. Very well said. Well, that brings us to the end of this episode and thank you so much, Gary, for joining us and for this conversation. I think it was very inspiring and I love talking with you and exchange the ideas, especially with your experience as a professional trader and now trading for yourself for so many years. I think it is just so valuable to hear your thoughts because a lot of times we look at traders that have been trading for many years and we think they don't struggle with anything, that it is also easy cake for them. And I think this is so good to hear from you that it is basically for everyone challenging and it takes time and you just have to give it time, give yourself fair chance to succeed.[01:07:10] - GaryThank you so much for having me. Pleasure talking about all these things you came up. With a lot of really good ideas and you kind of spurred me on to think of some other things. So very wonderful hour or however long it was.[01:07:29] - AgnieszkaNice. Very nice. Well, I hope that this will help traders who are listening to gain some perspective and also have some compassion for themselves because it is really so important that we are taking care of ourselves, give ourselves love and compassion. Even though trading might be the harsh job of trading money and very hard market environment. But it is all really about yourself and how you treat yourself, how you take care of yourself so that you actually can come back every day and perform on the highest level possible. So thank you so much for listening to the podcast and if you enjoy my show, please rate it and review it on Apple podcasts and be sure sure to subscribe so you can come back for a real life conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process. Contact Agnieszka Wood | Ahead Coach: Website: aheadcoach.comTwitter: @Ahead_CoachYouTube: @aheadcoachFacebook: Agnieszka WoodInstagram: ahead.coachLinkedIn: Agnieszka WoodYou can email me at launchyourlife@aheadcoach.com

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/

Are you ready to unlock the mysteries of the modern markets? You're about to embark on a riveting journey with Gareth and Jason, two seasoned traders armed with over 20 years of experience and a wealth of trading insights. Discover how sideline money and the artificial intelligence narrative are currently shaping the market. Gain an in-depth understanding of the dynamics of retail trading, the job market, and consumer confidence. They'll lay bare the essence of market meltups and present the critical importance of thorough research before stock-buying.Dive deeper into the tumultuous financial market, as we dissect the implications of inflation on the dollar and long-duration treasuries. Gareth and Jason will take you backstage to unravel the influence of wealth managers and media narratives on market trends. Listen in as they share personal anecdotes from their trading journeys, bringing to light the nuances of timing and behavior in the financial market. They'll reveal the challenges of predicting market trends and underscore the vital need for understanding market discounting mechanisms. As we near the end of this enlightening journey, prepare to delve into the potential risks lurking within current market trends and the possibilities of a market crash. Gareth and Jason will guide you on how to capitalize on such market events, exploring the subtleties of treasuries, the dollar, and the asymmetric trade opportunities that come with market volatility. You'll learn about the critical role of gold in a portfolio and the benefits of diversification. Prepare for an eye-opening conversation that breaks down complex market dynamics and equips you with strategic investment insights.ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.The Canadian Money RoadmapDiscover strategies to save, invest, and grow your money effectively.Listen on: Apple Podcasts SpotifyFoodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

This week on the “Investing With IBD” podcast, Crowded Market Report founder Jason Shapiro shares a compelling contrarian approach to investing in futures markets and how the signals he uses to go the opposite direction of the crowd give him an edge. Plus, the crew takes a look at a few recent currency trades that have paid off. Learn more about your ad choices. Visit megaphone.fm/adchoices

A good co-founder is hard to find.But what if you could hire one on an hourly basis?That's what Jason Shapiro, CEO and founder of 82i talks about in this episode. 82i is a strategic growth services firm that serves as “a co-founder for hire” to help with growth functions such as raising capital and hiring so founders can keep their eye on what truly matters--revenue.Key takeaways:The dynamic nature of investability and the importance of building on a solid business foundation while remaining open to creative solutions to attract investors.How and why a founder may need to “let go” of certain things to build an appropriate team for growth.Why an overconfident founder could scare investors away Other resources to check out:Interview with Vinay Bhagat, Founder and CEO of TrustRadius who publish a yearly report about how B2B buyer behavior is changing.The Lead Gen Mistake I Guarantee You're Making – how to create content that better identifies intent from today's b2b buyer.And, if you want an outside look at your content with actionable advice, take advantage of our Content Audit. Valued at $20K in free consulting.

Interview recorded - 7th of July, 2023On this episode of the WTFinance podcast I had the pleasure of speaking with Jason Shapiro, Principal at JS Trading and Chief Strategist of Crowded Market Report.During our conversation we spoke about how Jason believes markets have more upside, his market sentiment strategy, why its all about choosing the right trade, the current opportunities Jason is watching and more!0:00 - Introduction1:25 - What is Jason seeing in the markets?4:00 - How do you know when sentiment has changed?5:30 - Don't buy the laggers6:40 - Jason's strategy, how he built it and why it is successful?10:00 - What do most traders do wrong?13:15 - Its not just about being right, but choosing the right trade14:50 - Concentration of markets18:30 - What is Jason's process?21:30 - What happens when position closes?22:35 - Position sizing 23:10 - What are the current opportunities?28:30 - One message to take away from our conversation?33:06 - Where to find Jason's work?With over 30 years of trading experience, Jason has gone through most markets a trader should see in their career.  From the crazy rallies during the 90s, the tech bubble pop in early 2000s, the 2008 market crash and the latest bull run starting in 2009.  Through the last 20 years of his career, he has used a contrarian approach which has been very successful to him and his clients, as verified by Jack D. Schwager in his latest MARKET WIZARDS BOOK.  Jason has managed large sums of money from a few million to several hundred million and learned a great deal about the Futures markets, from Equities, Currencies and Fixed Income to Currencies and Precious Metals.Jason Shapiro - Website - https://www.crowdedmarketreport.com/Twitter - https://twitter.com/Crowded_Mkt_RptLinkedIn - https://www.linkedin.com/in/jason-shapiro-53674994/YouTube -  @crowdedmarketreport WTFinance - Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.Are you curious to discover the most profitable trading strategies in today's crowded market? Join me as I chat with Jason Shapiro, a seasoned commodity trading advisor with over 33 years of experience, as he shares his insights on effective strategies such as long-stop trading and getting short on the Euro and gold. We also reveal the not-so-profitable trades you'll want to avoid, like cocoa, and discuss the persistence it took for soybean oil to pay off.In our conversation, we dive into Jason's market positioning and trading tactics, which involve analyzing commitment of traders' data and relying on market signals to make informed decisions. We cover topics like short squeeze potential in fixed income markets and the risks associated with trading equities. Jason emphasizes the importance of diversifying return streams and staying aware of macro trends, so you don't put all your assets into one strategy.Lastly, we discuss the nuances of trading and risk management, particularly when it comes to shorting stocks. We explore the fine line between being contrarian and being a smart trader, as well as the significance of risk management and sizing positions. Don't miss out on this opportunity to learn valuable trading insights and strategies from an industry expert like Jason Shapiro, as he shares everything you need to thrive in today's competitive market.Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.See disclosures for The Lead-Lag Report here: https://www.leadlagreport.com/static/termsandconditionsFoodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

Jason Shapiro is a highly accomplished Market Wizard with an extensive background in the financial industry. He currently shares his thoughts about the market on CrowdedMarketReport.com. Jason has garnered a reputation for his exceptional expertise in market analysis and trading strategies. With decades of experience under his belt, Jason has consistently demonstrated a remarkable ability to navigate crowded markets and identify lucrative opportunities. As a sought-after Market Wizard, Jason Shapiro has been interviewed by prominent figures in the financial industry. His insights and timeless advice have proven invaluable to traders and investors seeking to enhance their understanding of the market and improve their profitability. Jason's impressive track record and his ability to consistently deliver exceptional results have made him a trusted and respected authority in the world of finance. His profound knowledge and insightful perspectives continue to inspire and guide individuals looking to succeed in the complex world of investing. Please share this video with your friends and on your social media. Please like and subscribe. You can learn more on: CrowdedMarketReport.com --- Support this podcast: https://podcasters.spotify.com/pod/show/smartmoneycircle/support

With 30 years of trading experience, Jason Shapiro uses a contrarian style approach to trading resulting in zero losing years in the last two decades. Listen in as he explains! The post Ep 76: The Contrarian Trading Style of “Unknown Market Wizard” Jason Shapiro appeared first on The Wall Street Coach.

With 30 years of trading experience, Jason Shapiro uses a contrarian style approach to trading resulting in zero losing years in the last two decades. Listen in as he explains! The post Ep 76: The Contrarian Trading Style of “Unknown Market Wizard” Jason Shapiro appeared first on The Wall Street Coach.

Everybody knows losing less is one of the most basic improvements any trader can make, but combining that with successful momentum and trend trading is a totally different story. That’s why we’re joined by industry experts Christian Fromhertz and Jason Shapiro, they will talk about these concepts and will be sharing tips & tricks with […]

Everybody knows losing less is one of the most basic improvements any trader can make, but combining that with successful momentum and trend trading is a totally different story. That’s why we’re joined by industry experts Christian Fromhertz and Jason Shapiro, they will talk about these concepts and will be sharing tips & tricks with […]

Alissa Jerud, PhD. is a Licensed Clinical Psychologist and Clinical Assistant Professor of Psychology in the department of Psychiatry at the University of Pennsylvania. Part of Alissa's work centers around understanding the art and science of emotions. She specializes in working with evidence-based treatments to help with posttraumatic stress disorder (PTSD), obsessive-compulsive disorder (OCD), social anxiety, panic, phobias, generalized anxieties, and using Dialectical Behaviour Therapy (DBT) skills training for those who have difficulties managing their emotions. In this episode, Shane and Alissa discuss a variety of topics relating to emotions, including what they are, their evolutionary origins and adaptive functions, how they influence our mental processes, their regulation mechanisms, and learning to ride the wave of emotional experiences. They also discuss the process of learning to accept, regulate, and tolerate emotions as a method of learning to have a healthy relationship with one's emotions.  Check out Alissa's podcast: The Anxiety Savvy Podcast https://www.alissajerud.com/the-anxiety-savvy-podcast  More of Alissa:

Dr. Stan Steindl is a Clinical Psychologist in private practice at Psychology Consultants Pty Ltd and an Adjunct Associate Professor at the School of Psychology, University of Queensland, Brisbane, Australia. He is also co-director of the UQ Compassionate Mind Research Group. Stan's research interests are in the areas of motivation, behaviour change, compassion and compassion-based interventions, and especially the role of cultivating compassion and self-compassion in the context of trauma, shame, self-criticism and clinical disorders, as well as promoting psychological well-being. In this episode, Stan and Shane discuss how Compassion-Focused Therapy conceptualizes and works with anxiety and depression. The discussion begins with an overview of the central theory and tenets of CFT and then progresses to a conversation about the three emotional regulation systems.  If there is an imbalance between these three emotional regulation systems, mental distress and suffering can arise. People who are highly self-critical and self-shaming may not have had enough stimulation of the soothing system or too much activation of the threat system. This imbalance may lead people to find it difficult to feel and express kindness towards themselves. They may be highly sensitive to criticism or rejection, whether real or perceived and internalize that disapproval. The goal of CFT is to correct this imbalance in the emotion regulation systems. Check Out Stan's YouTube Channel https://www.youtube.com/channel/UCujCvGkc_TFF7KmA0Sk4E7A  Get a copy of Stan's latest book, The Gifts of Compassion: How to Understand and Overcome  Suffering, https://www.amazon.com/Gifts-Compassion-understand-overcome-suffering/dp/1925644480/ref=sr_1_1?keywords=The+Gifts+of+Compassion%3A+How+to+understand+and+overcome+suffering&qid=1659468355&sr=8-1  More of Stan: 

Vladislav (Vlado) Šolc (pronounced “Schultz”) is a professional psychotherapist and Jungian analyst practicing in Milwaukee, Wisconsin. Vlado received training from the C. G. Jung Institute of Chicago and Charles University in Prague. He is the author of five depth-psychology-oriented books: Psyche, Matrix, Reality; The Father Archetype; In the Name of God—Fanaticism from the Perspective of Depth Psychology; Dark Religion: Fundamentalism from the Perspective of Jungian Psychology and most recently Democracy and Individuation in the Times of Conspiracy Theories. In this episode, Vlado and Shane explore a Jungian perspective on a variety of mental health conditions, including depression, anxiety, addiction, and trauma. They discuss how Jungian Analysis facilitates the process of recovery, healing, and individuation.  More of Vlado: 

Download These 3 Free Gifts Right Now at https://www.10minutestocktrader.com 1. The Triple Stock Profit System e-Book 2. The "How To Find 100%+ Winners" Free Training 3. The Bullish Power Cheat Sheet If you want to discover more about Empower Your Trading you must visit: https://www.10minutestocktrader.com This video is all about Empower Your Trading valuable information but also tries to cover the following subject: -trading psychology -boost your trading profits -how to empower your stochastic trading like a pro One thing I saw when I was searching for info on Empower Your Trading was the lack of pertinent details. Empower Your Trading however is a subject that I understand something about. This video therefore should matter and be of interest to you. If you were looking for more info about trading psychology or boosting your trading profits did this video assist? Possibly you want to comment listed below and let me know what else I can assist you with or information on Empower Your Trading. My Name is Christopher Uhl and I'm an Award-Winning Trader, Entrepreneur, Author, Podcaster, Speaker, and Coach who partners with entrepreneurial traders and everyday investors looking to get ahead around the world to help them change their financial futures. Follow these steps to get started on your journey to becoming a 10-Minute Trader too! Step #1: Get the 100% FREE secret weapon that investors all over the world are using to start changing their financial future here: https://www.triplestockprofits.com Step #2: Want to See How We Use Artificial Intelligence To Get Win Rates As High as 90%, Without Wasting Any Time on Useless and Obsolete Technical Analysis... Go Right Now to https://www.finclub.ai and see how they take the guesswork out of trading! Step #3 Do you have the premier options, trading broker? If you have any other brokers, I want you to stop and go to https://www.trytastyworks.com right now. I have an incredible offer for you, sign up for a FREE account with Tastyworks using offer code 10MINUTE and I will give you nearly $1,500 in FREE bonuses just for creating a FREE account! It doesn't get any easier than that! Step #4 This Is The BEST Charting Platform I've Ever Used, Get 15% (or more!) Off Your First Year! TRENDSPIDER - The Future of Trading Software https://trendspider.10minutestocktrader.com Step #5 Get A FREE Copy Of The Book I Use As My Business Plan To Grow From Zero to Seven Figures... Expert Secrets - Find Your Message, Build A Tribe, And Change The World... https://expertsecrets.10minutestocktrader.com For more information please visit: https://www.10minutestocktrader.com/legal

Uncertainty is an uncomfortable position. But certainty is an absurd one. Check The Lead-Lag Report on your favorite social networks.Twitter: https://twitter.com/leadlagreportYouTube: https://www.youtube.com/c/theleadlagreportFacebook: https://www.facebook.com/leadlagreportInstagram: https://instagram.com/leadlagreport                             Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.                             Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.                             The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.See disclosures for The Lead-Lag Report here: The Lead-Lag Report (leadlagreport.com)Foodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

John David Latta is a mystic, author, teacher, humorist, story-teller and founder & CEO of a multimillion-dollar consumer products company. Terrified and stalked by an oppressive fear of death, John David Latta was a single dad with two children facing rock bottom, loneliness and bankruptcy. Hard work, arguments and logic were getting him nowhere, the competition was tough, and he was in over his head. In his new book, The Synchronicity of Love, John shares his extraordinary stories of what happened when, while at rock bottom, he threw himself into Unconditional Love with sincerity and earnestness. His stories about his journey inspire, uplift, heal, shock, awaken and transform. They contain the seeds of potential to change habits, beliefs and one's deepest assumptions about what is possible and have the power to radically transform anyone's life. John is sharing his very personal stories about his journey and of the supreme value in embracing deep and lasting personal transformation – in love, in business, in money, in relationships, in health and so much more. And John is sharing his message that even the most stuck, rigid and logical people can transform in unimaginable ways. Get a copy of John's Book, The Synchronicity of Love: https://www.amazon.com/Synchronicity-Love-Stories-Transform-Awaken/dp/195527214X/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1656686693&sr=1-1 More of John:

A ‘highlight clip‘ of actionable items from this podcast was released to premium subscribers on Oct. 24, with the full episode released the following day -- without ads or announcements. Become a premium subscriber by signing up here or on our Substack to take advantage of this and a host of other benefits. Jason Shapiro joins the podcast to discuss his trading strategy, based on the simple premise that most investors are wrong most of the time. This approach requires trades to be crowded, which is decidedly (and surprisingly) not the case right now -- with two possible exceptions. Content Highlights Most traders lose money. Shapiro seeks to capture these losses by going against the crowd (3:11); He does this by monitoring the Commitment of Traders report for extreme positioning, which he then fades (4:03); The thinking behind this? The crowd is wrong. "It's really that simple." The discounting method is not price but positioning (6:11); Shapiro monitors 37 different futures markets. Two examples of where this approach worked in the past (7:03); Right now "I'm seeing some pretty scary stuff, because you don't have anybody crowded" in major asset classes (8:24); One possible exception: lumber (11:08); Background on the guest (16:35); Patience is a virtue, especially for contrarians (27:28); "I have contrarian views on everything...that's how I develop my opinion." People are wrong because they want others to guide them (31:00); The set-up in cryptos is "massively dangerous" based on positioning in Bitcoin futures. This sets Bitcoin and cryptos up for a major drop... (36:36). (On this last point, Shapiro shared the following chart) For More About Jason Shapiro Website: CrowdedMarketReport.com; Twitter: @Crowded_Mkt_Rpt; LinkedIn: CMR-Publishing.

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

This is a clip from my recent get-together with Jason Shapiro, 'The Contrarian Trader' featured in Jack Shwager's book, Unknown Market Wizards. Jason trades futures. He trades for himself and for clients, and as you just heard - assuming you ran the clip - he's learned to be very wary of high leverage. Listen to the full conversation on episode 66. Support the showPlease follow A Trader's Life on Twitter. And if you're a trader with some stories you'd like to share and you'd like to be on the how, don't hesitate to reach out: nic.penrake@gmail.com.Link up with me on Li.

If you've been trading a while, in fact even if you've only been interested in the idea of trading, you'll probably have read Jack Schwager's book Market Wizards. A really superb series of interviews with famous traders. And you may have gone on to read the sequel, Unknown Market Wizards. Well, in this second book, the second name in the contents list is Jason Shapiro, a trader from New Jersey. Jason kindly agreed to come on to the show today, late in September 2022, to talk to me about his life as a contrarian trader.  ==Don't Trade with your own MoneyI don't know why it took me so long - confidence, perhaps, i.e., lack thereof - to realize I would be so much better off trading someone else's money, not my own.  Mid February 2023 I started the 'audition' at Surge Trader on a virtual account of 100K. If I pass - that means hitting a profit of 10K - I get to trade 100K, again, not my money.Surge Trader  get great reviews online and you can get 90% Profit Split once you're trading one of the their funds.I don't know why it took me so long - confidence, perhaps, i.e., lack thereof - to realize I would be so much better off trading someone else's money, not my own.  Mid February 2023 I started the 'audition' at Surge Trader on a virtual account of 100K. If I pass - that means hitting a profit of 10K - I get to trade 100K, again, not my money.Surge Trader  get great reviews online and you can get 90% Profit Split once you're trading one of the their funds.Use my 10% Discount Coupon ATL10off for your 'audition'. Just click the link to get started:https://www.surgetrader.com/?afmc=vd Once you pass the audition, you have access to funded accounts from $25,000 and upwards. ==Re-wire your mindset for better trading results and less anxietyLouise Nonweiler is a Multi Award-Winning Clinical Hypnotherapist and Life Coach. Her mission: to help traders shift their mindsets so they become confident profitable and successful. If you're going through a bad patch trading right now, I highly recommend you visit her website, where you'll find information about her courses. It may be time to reset your mindset. With Louise's help you can achieve that. Improve your trading life

Jason Shapiro returns to the AlphaMind podcast a year after his first episode proved to be one of our most popular to date. Jason featured in Jack Schwager's brilliant ‘Unknown Market Wizard' where he was known as ‘The Contrarian', which tells all you need to know about his approach and style. In this episode, Jason answers a series of questions submitted by AlphaMind Podcast listeners, and expands upon his trading approach, his views about trading and markets, and shares more details of how he uses the ‘Commitment of Traders' report. Though Jason's approach is firmly welded to his contrarian philosophy this episode covers a range of topics and themes which would have enormous value to traders of all styles, approaches, and philosophies. Jason also talks about the Crowded Market Report, a Futures trading education website , and a community of traders which focuses on and supports traders in developing a contrarian approach. - A portion of proceeds from the Crowded Market Report are donated to the Charlestown Early Learning Center, a non-profit organization, to provide a high quality, affordable educational program for 3, 4, and 5 year old children in the local community. - You can learn more Jason at the Crowded Market report at this link:  https://www.crowdedmarketreport.com/about/Crowded Market Report on Twitter: https://twitter.com/Crowded_Mkt_RptCrowded Market Report on Linkedin: https://www.linkedin.com/company/cmr-publishing/ _____________________________________________________________________________________________________AlphaMind Podcast Sponsor: TradeStation GlobalTradeStation Global is a multi-asset trading platform with access to international markets. Trade Stocks, Forex, Futures and Micro e-Mini Futures from one account. Leverage professional-grade tools like RadarScreen®, The Matrix, and EasyLanguage® an intuitive coding language for traders.With TradeStation Global there are no hidden price spreads - just transparent, low commissions. Click here to find out more and open an account.TradeStation International Ltd, authorized and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom, acts as an Introducing Broker to Interactive Brokers (U.K.) Ltd. The firm does not provide investment advice or trading recommendations. Investment and trading involve risks, including possible loss of principal. AlphaMind Podcast Sponsor:  The Society of Technical Analysts (The STA):The Society of Technical Analysts provide world beating technical analysis education programmes and offer outstanding membership services with regular talks and meetings. Their Home Study Course is based on the Diploma Programme they deliver to students at the London School of Economics and has been created by many of the leading minds in the field of technical analysis. AlphaMind Podcast listeners can obtain a 10% discount on the Society of Technical Analysts world-beating Home Study Course at this link: bit.ly/3r3TawOTwitter: Steve Goldstein bit.ly/3J9SNHQ Mark Randall bit.ly/3uqL9EzLinkedIn AlphaMind Group: bit.ly/3vwo6Hu The AlphaMind Project Ltd: bit.ly/3O

The Counter-Trend Market Wizard In episode 363 of the Desire To Trade Podcast, Etienne sits down with Market Wizards Jason Shapiro who makes a living trading for the past few decades. He was featured in the recent Unknown Market Wizards book by Jack Schwager. You'll love this story of Jason's counter-trend trading style! Are you ready for it? Watch the video interview! In This Episode, You'll Learn... 0:00 Its not always a bull market 0:15 Introduction 0:47 How is Jason Shapiro and what he does 2:01 What was Jason's start in trading 3:27 Why making money when you start trading can be bad 4:43 How Jason became profitable in trading 6:06 How was his transition from HSK to US stocks 7:52 The biggest mistake of new traders 9:23 Jason's motivation to succeed 12:07 Why you need to do your own thing 13:02 Why Jason almost retires from trading 14:42 How to get back into the markets 15:32 Jason's semi-systematic strategy 17:25 What is Jason's trading style 19:11 What timeframes does he trade? 20:20 How much time do you need to trade 26:08 Why Jason looks at the markets all the time 28:08 "There is always something" that can add risk to your trading 29:03 How was it like being in a "Market Wizards" book 32:30 What do YOU need to focus on to make it in trading 35:03 Why strategies are overrated 36:41 Are common trading tools useless? 38:20 How Jason takes profits 39:28 Where to find Jason Shapiro And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment 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 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 Where to find Jason Shapiro! Website Youtube What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!