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Chat With Traders

245: Jason Shapiro - The Mind of a Tape Reading Contrarian Trader

Chat With Traders

Tessa Dao

Education, Business, Investing

4.92.3K Ratings

🗓️ 11 October 2022

⏱️ 54 minutes

🧾️ Download transcript

Summary

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

Transcript

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0:00.0

The best gift I've ever received has to be a bike when I was younger, a pedal bike.

0:07.0

It was a sort of slick little road bike and I remember it was all like, it was so, it was all wrapped up,

0:13.0

it was so obvious what it was obviously because nothing shaped like a bike and I had a little ribbon on it and I was so guest.

0:17.0

For that was a life changer and I'm still sort of big on cycling around my area now so for that one change me a little.

0:24.0

Join in every sip with red carp snout back at Starbucks.

0:30.0

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If the answer was no, maybe it's time to join an ethical bank.

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0:55.0

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1:03.0

Markets, speculation and risk. This is the Chat with Traders podcast.

1:09.0

We're on episode 245. If you're new to the show, very warm welcome to you and everyone else.

1:19.0

Thank you for coming back to join us today. I'm Tessa co-host of Chat with Traders. I'm excited about our guest today.

1:26.0

He was interviewed in Jack Schragger's unknown market wizards.

1:30.0

From early on as a rebel who avoided groupthink, he sought out contrarian trading opportunities in overhyped or deeply oversold stocks and commodities.

1:40.0

Blessed by early trading successes, he retired to a beach in Thailand in the late 90s and traded his account full time only to experience tragedy less than a year later.

1:51.0

Our guest today is Jason Shapiro.

1:56.0

Ladies and gentlemen, before we tune into this fascinating interview with Jason, I'd first like to quickly take this opportunity to introduce the new hosts who's joining me today.

2:09.0

His name is Ian Cox. Ian will add another dynamic to the show due to his unique background, experience and perspectives in his own way and own style that I hope you will all come to appreciate.

2:24.0

If you haven't yet listened to episode 244 where I share an interview I did with Ian, please listen to it to learn more about him.

2:33.0

Ian, welcome aboard to Chat with Traders.

...

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