"With over 30 years of trading experience, Jason Shapiro has gone through most markets a trader should see in their career. The last 20+ years of his career, he has used a contrarian approach fading speculators that has made him a successful Hedge Fund Manager. He was included in the latest Market Wizards book "Unknown Market Wizards", by Jack Schwager and has managed several hundred millions of dollars of assets under management. Jason created the Crowded Market Report process which drives his asset allocation and shares this process with his online community as a way of giving something back to the trading community. All proceeds from his online community go to running it and charity. Jason and I discuss what's important to make money in the markets and the major pitfalls that make trading so challenging, mainly, the need to be right. We discuss his Crowded Market Report community, the harsh reality of trading for a living and why having opinions and views is fine, as long as you're not trading based on them. We unpack the fact that the secret trading strategy does not exist, how to "read the tape" to align with the market and how Jason would allocate $1BN without restrictions. Finally we discuss mass trading psychology, how to fade it and why discipline is a key differentiator in trading performance."
Strategy for a Billion dollars? Buy Bitcoin. Go backpacking for 2 years. Doesn't take a "market wizard" to figure that out ..in fact if he was a market wizard he'd already be back packing.
Sad to see once a 9-figure trader lost everything and now looking for $100 students for his signals group.
You probably should. If you can demonstrate your calls which are in time-stamped YouTube videos are correct, then you will quickly gain a following to sell signals and courses. Obviously few trading gurus have the confidence to do that, so they stick with vague statements like: it looks bullish. Instead of sticking their neck out and saying the stock will be above $100 by Dec 31, which can easily be fact checked.
I'm like BNF...not in it for the fame. I like collaboration though which is why I'm here. I mean really, if you know how to make money trading then you won't be on youtube trying to make money selling courses. It's like taking business school...if the professor knew how to run a business he wouldn't be teaching, he'd be CEOing a company...not saying that ceo's know what they are doing either of course...easiest job in the world being a ceo. Take gme for instance. If I was ceo I'd immediately turn every brick and mortar location into a subway franchise, and then buy bitcoin with the 3 billion in cash reserves and start paying out a dividend and doing buybacks.
How do you know that ? I mean are his large losses anywhere mentioned or published or where did he say that in the video if I missed that ?