286 · Jason Shapiro - Overcrowded Trades: What Everyone Else is Not Seeing

Chat With Traders

Tessa Dao

Education, Business, Investing

4.9 • 2.3K Ratings

🗓️ 28 August 2024

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

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

Transcript

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0:00.0	Chat with traders is sponsored by Trade the Pool.
0:03.6	Are concerns about limited buying power, insufficient capital, or fear of losing your own money
0:09.5	preventing you from advancing your trading capabilities?
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0:15.8	that offers funding for stock traders. Demonstrate your skills, trade their capital, and keep your profits.
0:22.4	You can engage in inter-day trading and now swing
0:25.9	trading on trade the pool with any US stock or E. T.F. The procedure is straightforward.
0:31.8	Pay an evaluation fee, successfully complete the evaluation, and get funded.
0:37.0	Visit trade the pool.com.
0:39.2	Forward slash chat to learn more.
0:42.0	Trading in the financial markets involves a risk of loss.
0:45.0	Podcast episodes and other content produced by chat with traders are for informational or educational purposes only
0:52.0	and do not constitute trading or investment
0:54.8	recommendations or advice.
0:57.0	Yeah, you've mentioned in previous videos that it's all fine until there's a recession.
1:02.2	What type of news failure in market all up up. Yeah, like the game is up where we're done all over.
1:15.0	Yeah, the chickens come home to roost and and people.
1:20.0	We're going to make that argument, right?
1:22.0	Uh-huh.
1:23.0	I think it starts with the idea of, this is the bear porn.
1:26.4	Okay, you want my bear porn?
1:27.6	I'll give you my bear porn. markets, speculation, and risk. This is the chat with traders podcast.
	...

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