“Market Wizards” That Makes A Living Trading

“Market Wizards” That Makes A Living Trading - Jason Shapiro

Рет қаралды 51,727

Күн бұрын

In this trader interview, 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!
📈 FREE Case Study "Quitting Your Job To Finally Trade Full-Time": desiretotrade.co/case-study
Chapters:
0:00 Its not always a bull market
0:08 Introduction
0:26 How is Jason Shapiro and what he does
1:56 What was Jason's start in trading
3:21 Why making money when you start trading can be bad
5:15 How Jason became profitable in trading
6:03 How was his transition from HSK to US stocks
7:51 The biggest mistake of new traders
9:22 Jason's motivation to succeed
12:10 Why you need to do your own thing
13:04 Why Jason almost retires from trading
14:42 How to get back into the markets
15:30 Jason's semi-systematic strategy
17:18 What is Jason's trading style
19:00 What timeframes does he trade?
20:06 How much time do you need to trade
26:03 Why Jason looks at the markets all the time
27:57 "There is always something" that can add risk to your trading
28:57 How was it like being in a "Market Wizards" book
32:20 What do YOU need to focus on to make it in trading
34:53 Why strategies are overrated
36:33 Are common trading tools useless?
38:16 How Jason takes profits
39:29 Where to find Jason Shapiro
#marketwizards #trading #fulltimetrader
Where to find Jason Shapiro:
Website: www.crowdedmarketreport.com/?... (not affiliated)
KZfaq: @crowdedmarketreport
// SOCIAL
Forex Trader Community (Facebook Group): d2t.link/FBgroup
Facebook: / desiretotrade
Twitter: @desiretotrade
IG: @etiennecrete
// TRADING MUST-HAVE RESOURCES
Forex Broker (Pepperstone): d2t.link/pepperstone
Forex Broker for Canada (Axi): d2t.link/axitrader
Best Platform: d2t.link/tradingview
Backtesting Tool: d2t.link/soft4fx
VPS (for algo trading): d2t.link/vps
Trading Journal: d2t.link/journal
// MUSIC
David Cutter Music - www.davidcuttermusic.com
Andrew Applepie - andrewapplepie.com/
// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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Пікірлер: 118

@LarsLarsen77 Ай бұрын

That is my favorite thing about markets, that they reward the guy who's right, no matter what everyone else thinks. It's the purest form of meritocracy I know of.

@LukaszAdams Жыл бұрын

Discipline and money menagment make you great trader end of story.

@crowdedmarketreport Жыл бұрын

100%

@RJ-se9op 10 ай бұрын

@@Xecutioner.did you make it back yet ?

@oliverolonan2556 Жыл бұрын

The most difficult trading style: Reversal Trading! Cheers to Market Wizard Jason Shapiro!

@crowdedmarketreport Жыл бұрын

Thank you

@adamothman693 Жыл бұрын

Etienne... ur a master in this game bro... ur questions deserve more credit... keep up the good work... jason is a legend spitting fire🔥

@DesireToTRADE Жыл бұрын

Much appreciated, Adam! Thanks for the comment :)

@famillembambi-ngoma8065 Жыл бұрын

Thanks Étienne for your hard work to provide to the public so great analysis about your trading journey and sharing interviews with your hosts dealing with human behavior struggle through trades.

@gemueseackerlongonly 9 ай бұрын

I can totally relate to Jason saying he never liked being in a group or could identify with groups

@Chartacus_ Жыл бұрын

One of my favorite trading interviews, especially the forehead view! Thanks Etienne and Jason!

@DesireToTRADE Жыл бұрын

Glad you liked it!

@crowdedmarketreport Жыл бұрын

Glad you enjoyed the interview, forehead and all. Working on becoming better with technology.

@Justin_C_UK Жыл бұрын

The way I now look forward to Sundays, drinking coffee and listening to a Trader Interview 😊 Always so much encouragement every week!

@traderlivetv6871 Жыл бұрын

Exactly

@DesireToTRADE Жыл бұрын

That’s awesome! Really glad I can help!

@anjanlivetrades Жыл бұрын

Thanks Etienne for bringing another great trader.

@crowdedmarketreport Жыл бұрын

Thank you. Glad you enjoyed the interview.

@gidsmono8044 Жыл бұрын

I told y'all this channel is the best...

@DesireToTRADE Жыл бұрын

Much appreciated :)

@TradePip Жыл бұрын

Ace investor Rakesh Jhunjhunwala is resting in peace ...In India...he has been a constant inspiration for all traders and investors.....please dedicate a video for him ...much appreciated...

@TenzDenz Жыл бұрын

Everybody dies

@shiningstar958 Жыл бұрын

He makes if he is world renowned person.

@BVetriwin7308 Жыл бұрын

Oh god is he died ?

@Jacked2theTs Жыл бұрын

I relate to this guy. I’m not a good employee, lol… I’ve “sucked it up” for years, and just did what I needed to do to make money at the time. I hate to say it, but had Covid not happened, I’m not so sure I would’ve ever finally used my time to delve into learning about the market and trading. Still working on becoming profitable and it is mainly psychological at this point (I’m working on tamping down my pessimism and just trading what the chart is doing. Rather than what I think a “rational” market should do). Biggest improvement has been stemming losses, by learning how to sit on one’s hands, even if it means letting a winner go by, because you just didn’t feel “in sync” with the price action.

@crowdedmarketreport Жыл бұрын

Have to trust the system and minimize ego and emotions in order to succeed. Humans are wired to survive which goes against being able to succeed in trading. Lots of hard work and discipline.

@Jacked2theTs Жыл бұрын

@@crowdedmarketreport yep, for sure. Also, like you mentioned, stay away from the group thought. Lots of people out there thinking they can predict what the market is doing and why. And it’s easy to get sucked into it. Last Friday, after I watched another good trade go by, it finally clicked as to just how toxic, that can be. And I suppose it is driven by our egos, trying to find certainty. No certainty in the markets. Only probabilities. I just sat there asking myself, “Why do I care what the market SHOULD be doing?… It clearly doesn’t matter what I think!… Just control risk and take my setups.” Anyway, thank you for a great interview. 🙏

@TanTan_7 Жыл бұрын

I can relate to you. I decided to trade so that I won't have to depend on the employer for my paycheck. Learning the market has definitely been a challenge. I hope you give CMR a try.

@FXM3 Жыл бұрын

24:21 Happy to hear him admit that, still crazy to realize this is who I'm competing with while trying to enjoy life at the same time!

@FREEBANDZ617 Жыл бұрын

Much respect to both of you. Humbling. This content is very necessary for traders. Especially committed traders .

@anmayo917 Жыл бұрын

Listening to Jason was very inspiring to me because I recognize many of my own traits in his narrations. I too am a contrarian having trouble respecting hierarchies in the workspace or following the common belief for the sake of communal spirit - which is partly what draws me towards trading the markets. Success there solely depends on one's skill and discipline. Thank you Etienne for the great interview. We can always count on you asking all the relevant questions for us 💛

@DesireToTRADE Жыл бұрын

I’m very glad you can relate and that this was useful!

@crowdedmarketreport Жыл бұрын

Thank you for the kind words.

@shivamsinn Жыл бұрын

Again, a brilliant video! Good to watch videos which give affirmation that this can be done because "this guy" ultimately did it! Absolute gem advices! Jason taking the level of trading from end goal of not just making money but really to be able to understand yourself and the money becoming the after - effect. Loaded with experience and maturity! All Thanks to Etienne!

@DesireToTRADE Жыл бұрын

Glad you enjoyed it! Thanks, Shivam!

@Dr.ChiachengSen Жыл бұрын

This is really helpful and personal. Thank you

@Printertrouble Жыл бұрын

I went through this almost exact same process. There are no short cuts... Esp when it comes to being disciplined about your strategy.

@crowdedmarketreport Жыл бұрын

You cannot make money in the markets without discipline or risk management. At least long term. Thanks for commenting.

@lalittamang4545 Жыл бұрын

Thank you Etienne for this interview Loved hearing all the wisdom and the journey of Jason. Keep doing what you are doing. Always a pleasure to hear from all the wonderful traders you have interviewed Really appreciate all the interviews.

@DesireToTRADE Жыл бұрын

It means a lot! Thanks for the comment :)

@hubertziegler9361 Жыл бұрын

Nice to See you

@MaddoggTrading 11 ай бұрын

Amazing interview! Thank you Jason for doing the interview. So much great information and honest answers from a true market vet.

@Jmhfl7 Жыл бұрын

Another GREAT interview 👏 Thanks Etienne!!!

@ak47withascopetrade Жыл бұрын

Appreciate this interview

@marvhan888 Жыл бұрын

thanks Etienne for the interview. Is it good interview

@crowdedmarketreport Жыл бұрын

Thank you.

@876trader7 Жыл бұрын

Love these story Etienne love it

@JustMe-ro1be Жыл бұрын

Really enjoyed this. Great interview :) Would love to hear more market wizards. Keep up the good work

@DesireToTRADE Жыл бұрын

Thanks! Will do!

@mbrunocondello Жыл бұрын

Awesome content 👌

@DesireToTRADE Жыл бұрын

Glad you liked it!

@Emer_V Жыл бұрын

Excellent!!

@futuresrush Жыл бұрын

This guys awesome. Blunt and real.

@crowdedmarketreport Жыл бұрын

Thanks. Blunt and real does not allow for many friends...

@josephhughes6417 Жыл бұрын

Brilliant interview and even better advice, listen until the end

@crowdedmarketreport Жыл бұрын

Thank you for the feedback and glad you liked the interview.

@josephhughes6417 Жыл бұрын

@@crowdedmarketreport Jason, I've 40 years in the Biz, and it was the most straight forward no BS talk about trading I've heard. Thank you, very refreshing no bullshit involved. Method and Discipline.

@josephhughes6417 Жыл бұрын

@@crowdedmarketreport Great reference to Vic as well, I'm sure he'd get a smile from it.

@motivationinmotion2773 Жыл бұрын

Thanks for another one🥇🤝

@DesireToTRADE Жыл бұрын

It never stops 💪💪💪

@overplayed3553 Жыл бұрын

trading listening learning researching experiencing. discipline and accountability, accountability is the most important because that’s how you learn as a trader dont whiff past YOUR mistakes. to do trading you really wanna do have to want to do it.

@thehungergames8918 Жыл бұрын

Jason is awesome 🙋‍♂️

@ismaelguy1422 Жыл бұрын

This one hit me personally 😅 🙏🏽 You do an amazing job 👑

@DesireToTRADE Жыл бұрын

I'm very glad to hear that! Thank you!!

@Swimmer173 Жыл бұрын

This guy jade it, spot on.

@paulojustinianookubo Жыл бұрын

Great interview! I would like to ask him why not use automatic alarms and just monitor that? Let the market call you in stead of you sitting there 24/7

@ALGOMAPMT5 Жыл бұрын

Now this is a great video

@DesireToTRADE Жыл бұрын

I’m glad you liked it!

@crowdedmarketreport Жыл бұрын

Thanks. Glad you enjoyed.

@efanshel Жыл бұрын

I think Jason is one of the good guys- a trader's trader

@oksolets Жыл бұрын

Good job

@seoleaders Жыл бұрын

Awesome, nice to meet the guy on the other side of my trades lol. Just kidding, I like contrarian a lot, I have had some good success with this style

@efanshel Жыл бұрын

He'salso a very good explainer

@hawaiiankingdom4186 Жыл бұрын

Aloha & Mahalo!

@Tripl3333 Жыл бұрын

Does anybody know where i can get examples of his trades...?

@Tripl3333 Жыл бұрын

Awesome person.......would really like to meet him one day.

@PRIMORDIAL-TRADER Жыл бұрын

are these brokers you provide us in the description regulated?

@DesireToTRADE Жыл бұрын

Yes these are all regulated and the ones I personally use. Depending on where you reside you may be limited in those you can use due to the restrictions in your country.

@relaxationmeditationsleep2934 Жыл бұрын

Watching this while sitting in Pattaya, Thailand with my toes in the ocean. lol 😂

@cheogriman Жыл бұрын

I think you are very cool, you might want to consider about the popularity contest

@Feldspar__ 2 ай бұрын

Nice one on guitar playing. I do the same thing with piano.

@ronellbelar Жыл бұрын

From Philippines

@Jmhfl7 Жыл бұрын

What are your thoughts on AI trading systems used by the banks? Will they outsmart retail traders to the point where candle signals will no longer work for us?

@anty812 Жыл бұрын

Authentic.

@christianpicardo2683 Жыл бұрын

Can you interview him again and maybe he at least how he do his trade , specially the betting against,

@hubertziegler9361 Жыл бұрын

Greatings aus Germany - fulda

@Essays4College Жыл бұрын

Which 'Market Wizards' book was he in?

@crowdedmarketreport Жыл бұрын

The latest one. I was featured in Chapter 2: The Contrarian. The book is called Unknown Market Wizards

@Essays4College Жыл бұрын

Oh ok. I read the first two. I’m sure that I can speak for everyone who is serious about trading, including newbies like me, it’s huge gift to be able to get insight from an experienced trader like yourself. Thanks for doing the interview!

@cjs7829 Жыл бұрын

Amrit Sall next 🙏

@ATradersLifePodcast Жыл бұрын

Great interview. But what's with the camera angle on Jason, lol? Nose, eyes and forehead... ?

@robertambramson403 Жыл бұрын

PocketOption is generally convenient. And the main thing is withdrawing the money

@gregmaina7964 Жыл бұрын

He could be using the COT data.

@donkeyface Жыл бұрын

👏🏼

@danchanner7887 Жыл бұрын

Glued to the screen all day... 😩

@DesireToTRADE Жыл бұрын

I personally would never do it… but each person should go with that works for them.

@ch3ckm8 Жыл бұрын

this guy better be making millions per year to be spending that much time everyday watching the markets lol

@frankgeary7574 Жыл бұрын

Does one really get rich trading?

@ch3ckm8 Жыл бұрын

@@frankgeary7574 It's a business. With a big scale, you can.

@crowdedmarketreport Жыл бұрын

I can tell you it is above minimum wage

@raintravelalways Жыл бұрын

slow down -hard to understand you lol

@Afro_15 Жыл бұрын

Etienne u speak too fast please relax a bit

@LG-tw5vm Жыл бұрын

Lol. With this philosophy, I would just watch Jim Cramer on Mad Money and do the exact opposite of everything he says.

@LG-tw5vm Жыл бұрын

@Richard Mark I'm a stock trader.

@raelynvlogs4434 Жыл бұрын

One of the hardest things to do in the world dude you lived a very sheltered life not even the top 100

@crowdedmarketreport Жыл бұрын

You have a top 100 list of hardest things to do in the world??

@mahditrader2485 Жыл бұрын

❤❤❤❤🤑🤑🤑🤑🤑👏👏👏👏👏

@Trading4aliving Жыл бұрын

Tooo many hrs a day…. A lot of good things to take from this interview…. But not the crazy hrs and sleep management…. No way man….

@Njliving22 Жыл бұрын

Guy has wisdom but tough life. Grinder. Who wants to trade 30 markets and sleep twice in a day and watch asia till 2 am. I much rather be the guy trading a couple markets, nasdaq and ES, us cash open morning session, make my money and go enjoy life. I might not make millions per year but I work for myself, have a ton of free time, and make more than what most make in a job

@crowdedmarketreport Жыл бұрын

Why can't both types of traders be happy with their own approach?

@Njliving22 Жыл бұрын

@@crowdedmarketreport if your happy then by all means. But in the interview you mentioned words like hell on earth and I’m just wondering why not develop a strategy/work an edge that gives you less stress and more free time. My mentor is a a trader who trades 40 - 50 lots on ES and just tries to make a couple points a day. Done in the first hour most days. Unless your down a path where your size is 200 plus and your looking for big moves and you want to sleep on big money positions then I get it. I don’t know I’ve just done some self reflection over the last year and I realized that this biz is incredibly stressful and the less I trade the happier I am, and also seems like the better my results are. Sorry for the negativity. If your happy then disregard my comment.

@tempemail5337 Жыл бұрын

It’s true. Love it or leave it. No get rich quick Holy Grail. Work on yourself and your plan every day. Whatever it takes, as long as it takes. Don’t quit your day job just yet. 🤑🤑🤑

@crowdedmarketreport Жыл бұрын

Our motto is the slow road to the rich house. Anyone telling you they can make you money quick and it's sustainable is lying.

@teebone2157 Жыл бұрын

Man that sounds horrible. I don't envy his style of trading and bad sleep patterns LOL I trade for Freedom not to sit in front of the TV and computer all day

@crowdedmarketreport Жыл бұрын

It is definitely not for everyone.

@The_business_Podcast Жыл бұрын

@@crowdedmarketreport Best wishes 🙏🏻

@phillaysheo8 Жыл бұрын

Sad he is selling courses though

@crowdedmarketreport Жыл бұрын

No one is selling a course. Since the book came out, a lot of people reached out asking for into. Put together a weekly report and other items based on demand. Not sad at all. Just trying to help.