This advice couldn't be more timely. I made a new business rule on Friday and broke it today for a loss. I am more upset on breaking the process than the actual loss. Thanks again for this great video.
Discipline is key in trading, and this video emphasizes it well. 📈💪 Sticking to your guns and risk management can make all the difference in the long run. Great insights! 👍👏
Thanks Jason. I started following you on X recently. Love your insights. Also, saw one of your other videos. Where can I find those colored bar graphs with the COT positionings. Thank you for your time
Every time I see one of your videos, I think to myself this alone was worth discovering Jason and his channel. Now there have been several such videos - thank you! I've made all the mistakes you've mentioned, but only had greater appreciation for them after listening to your videos.
I'm an Indian in the U.S, Jennifer is my stock trader currently, i have had wonderful experience since i started with her, 100k to 300k in one quarter. good hands
Love your videos. Always great advice 👍 - "Nothing more important than taking small loses" - much easier said than done, but invaluable wisdom. Thanks Jason
Interesting times just ahead. I remember you saying that when the ViX is near 20 (another words spikes) that's when fund managers etc will go "yeah that's the flush that was needed" and that's when you'd go short. I'm with you after chatting to a couple who just closed out there short positions. Hard being patient in this world.
Wat ever gives us an edge it is our edge - that is it! Patience, Discipline, RRR, it is so complex to all of us. Thank your for the cool content, I love it and share it within my possibilities.
Hi Jason, I think your probabilistic approach to trading is amazing. A quick question - in your process do you have a move-stop-rule or do you just leave your original until your target is hit or you get stopped out?
couple weeks ago you said no reason to be short the market and recently everyone is talking about completed head and shoulders and many other bearish signs so it seems the majority are now bearish does it mean you will look for a failed news event and get long soon?
Yeah, this is the right way to describe it. It's kinda like astrology. It may or may not work but if your PnL is giving you results, then it works for you. Everyone has to find their "map" of what is going to work for them. Discipline is the common denominator, I agree.
What is very easy for anybody to understand, but very difficult for most to accept is that if a 50/50 coin flip is called correctly, the next coin flip odds are still 50/50, but the chance of being right twice in a row is 1 in 4. If you beat those odds the chance of being right 3 times in a row is 1 in 8. It's a bitch to accept cause it's the same with our edges, even an .8 edge leads to big losses for similar reason but a little slower. Damn few people accept this fact and, in fact, it pisses some people off something fierce. LOL
CFTC commercials are wrong all the time. The point is that you never know they are hedge on their position or the real big bets. You never know therefore no point of referring their position as a clue to trade.
Your point shows that you have somehow managed to miss the point of the system entirely. The whole point of using the CFTC reports this way is that occasionally, accepting that more often than naught the trade will fail, but still occasionally, the market will go against these large positions and when that happens the market will experience an unusually large and fairly swift move in your favor because all these people will need to get out. When they do, they move the market against themselves and in your favor.
almost anyone can be profitable in the market if they have a process and the proper risk reward ratio. There are only 2 things that can happen when you buy a stock, it can go up or it can go down (yes, it can go sideways but eventually it will go up or down) So for example, if you have a risk to reward ratio of 3 to 1 (meaning you always risk 1 to make 3) and you make lot and lots of trades you should come out profitable. Bull Shit you say... let's think about it. If you agree there is a 50/50 chance of your stock going either up or down when you buy it than let's use the example of flipping a coin. You have a 50/50 chance when flipping a coin. If you flip a coin 10 times you might get 9 heads and 1 tails, but the law of large numbers says over many flips it should come out to 50/50 so 50% of the time you will lose 1 and 50% of the time you will win 3. The key is on the winning trades you put a stop in to ensure it doesn't turn into a losing trade. before people point it out I realized the flaw in my thinking... flipping a coin does have a 55/50 chance but even though a stock can either go up or down the % is not 50/50. Maybe on 1 trade it's 50/50 but the law of large numbers doesn't apply.
with all due respect, I think a good trader needs patience instead of discipline. All you need to buy great business and hold them. If they drop, buy more. that's it.
This advice couldn't be more timely. I made a new business rule on Friday and broke it today for a loss. I am more upset on breaking the process than the actual loss. Thanks again for this great video.
my process is to buy high and sell low - you would be amazed with what consistency I can execute this 💪
Sounds like a joke but have you ever tried doing the exact opposite to f what you normally do?
Try some paper trades where you fade yourself ?
Everyone wins if buys the dip and sell the top. We just dont know where they are in present time.
Your videos are like a regular encounter with a good samaritan.
So you're calling him a gentile. I thought Shapiro was a Jewish name
👍🙏🏾🙏🏼
Discipline is key in trading, and this video emphasizes it well. 📈💪 Sticking to your guns and risk management can make all the difference in the long run. Great insights! 👍👏
Thanks Jason. I started following you on X recently. Love your insights. Also, saw one of your other videos. Where can I find those colored bar graphs with the COT positionings. Thank you for your time
You are an absolute legend. Thank you for showing people (like me) on where they are going wrong.
Every time I see one of your videos, I think to myself this alone was worth discovering Jason and his channel. Now there have been several such videos - thank you! I've made all the mistakes you've mentioned, but only had greater appreciation for them after listening to your videos.
Omg the comment about paper trades 😂 great advice and video. Thanks!
I made my first million from stock trading investment using the help of a Pro in this field, now I have time for my self and family
Good, the most important thing is spending time with your family
Hey, can you share this Pro you work with? I have a good some sitting in the bank and they are ripping me off
Yeah. Jennifer lilibeth Tibbs is her name look her up,
I agree with you the bank rates are poor
Hey I know Jennifer she was present at the last brokerage summit, she spoke smartly, someone I would love to work with
I'm an Indian in the U.S, Jennifer is my stock trader currently, i have had wonderful experience since i started with her, 100k to 300k in one quarter. good hands
The view from your window is very nice and ideal for creating a peaceful mind for trading. Appreciate the insights shared in your video!
Thank you, Mentor JS. God bless.
Great stuff. Staying out when the market environment doesn't suit your style is a big part of discipline ... and edge.
Love your videos. Always great advice 👍 - "Nothing more important than taking small loses" - much easier said than done, but invaluable wisdom. Thanks Jason
Great content...thanks Jason.
Such an amazing session
Fantastic video thanks. I paper traded last 2 weeks. I feel much better now😅
So true .. so simple … n so difficult .
Interesting times just ahead. I remember you saying that when the ViX is near 20 (another words spikes) that's when fund managers etc will go "yeah that's the flush that was needed" and that's when you'd go short.
I'm with you after chatting to a couple who just closed out there short positions.
Hard being patient in this world.
Wat ever gives us an edge it is our edge - that is it! Patience, Discipline, RRR, it is so complex to all of us. Thank your for the cool content, I love it and share it within my possibilities.
Lots of value 🙏🙏🙏 thank you
Hi Jason, I think your probabilistic approach to trading is amazing.
A quick question - in your process do you have a move-stop-rule or do you just leave your original until your target is hit or you get stopped out?
stops dont get moved
So smart Jason, thanks for the kick of common sense. We all do need to hear the obvious sometimes, even repeatedly 🙂
what is a average Risk to return while trading extremes? and how many pip is SL for currencies.
This person deserves my respect !
couple weeks ago you said no reason to be short the market and recently everyone is talking about completed head and shoulders and many other bearish signs so it seems the majority are now bearish does it mean you will look for a failed news event and get long soon?
Subscribed for the Robert Johnson poster.
🪄Thank you Jason Shapiro.🧙♂️
My problem is wash sales. I cant see how anyone would effectively trade unless tbey were mark to market.
Thanks 👍
Thanks, it's content like this that keeps people like me out of going on tilt. *Too many perma bears & dodgy stock promoters out there!
Well said
I really treasure your advice. I've traded for 12 yrs, and man I see no trades right now. Got ants in my pants.
Yeah, this is the right way to describe it. It's kinda like astrology. It may or may not work but if your PnL is giving you results, then it works for you. Everyone has to find their "map" of what is going to work for them. Discipline is the common denominator, I agree.
It’s one of those weeks- got to have $ both ways
God bless🙏
Jason is goated
Down to earth. 45 years talking here, I better listen. Which I am not good at but will try.
Sydney AUST.
What is very easy for anybody to understand, but very difficult for most to accept is that if a 50/50 coin flip is called correctly, the next coin flip odds are still 50/50, but the chance of being right twice in a row is 1 in 4. If you beat those odds the chance of being right 3 times in a row is 1 in 8. It's a bitch to accept cause it's the same with our edges, even an .8 edge leads to big losses for similar reason but a little slower. Damn few people accept this fact and, in fact, it pisses some people off something fierce. LOL
😂 that's is not even the key reason.
Relevant
gurus use this days A+ set-up and C set up
CFTC commercials are wrong all the time. The point is that you never know they are hedge on their position or the real big bets. You never know therefore no point of referring their position as a clue to trade.
You have data to back this up? No one is saying they are right/wrong, just high reward/risk potential trades.
Your point shows that you have somehow managed to miss the point of the system entirely. The whole point of using the CFTC reports this way is that occasionally, accepting that more often than naught the trade will fail, but still occasionally, the market will go against these large positions and when that happens the market will experience an unusually large and fairly swift move in your favor because all these people will need to get out. When they do, they move the market against themselves and in your favor.
❤👍
спасибо. да дисциплина самое важное. Александр Герчик тоже это говорит. Эх! как же сложно все это. и только от меня зависит что будет впереди.
Enjoy and respect your knowledge. Thank you 🙏❤️ I also do this demo trading when There IS no a Set up and its great way not to overtrade!
almost anyone can be profitable in the market if they have a process and the proper risk reward ratio. There are only 2 things that can happen when you buy a stock, it can go up or it can go down (yes, it can go sideways but eventually it will go up or down) So for example, if you have a risk to reward ratio of 3 to 1 (meaning you always risk 1 to make 3) and you make lot and lots of trades you should come out profitable. Bull Shit you say... let's think about it. If you agree there is a 50/50 chance of your stock going either up or down when you buy it than let's use the example of flipping a coin. You have a 50/50 chance when flipping a coin. If you flip a coin 10 times you might get 9 heads and 1 tails, but the law of large numbers says over many flips it should come out to 50/50 so 50% of the time you will lose 1 and 50% of the time you will win 3. The key is on the winning trades you put a stop in to ensure it doesn't turn into a losing trade.
before people point it out I realized the flaw in my thinking... flipping a coin does have a 55/50 chance but even though a stock can either go up or down the % is not 50/50. Maybe on 1 trade it's 50/50 but the law of large numbers doesn't apply.
with all due respect, I think a good trader needs patience instead of discipline. All you need to buy great business and hold them. If they drop, buy more. that's it.
Gold dust…as ever
MAGA short?
The Fed pauses rate hikes, yet stocks aren’t surging to celebrate. Why?
is this the signal for a bear market?
Thank you Mr. SHAPIRO for sharing your Wisdom with us.
🙏🙏🪷🙏🙏