The AlphaMind Podcast - Jason Shapiro – Through Trader Hell and Back, to Market Wizard.

Jason Shapiro talks passionately about trading and his painful learning experiences over a 30 year 

career, which took him from early success, to flat broke, to eventually becoming an acclaimed Market Wizard.  

30 years of trading success brought Jason Shapiro to the attention of Jack Schwager, who was looking for new interview subjects for the latest instalment of his brilliant series of Market Wizards books ‘Unknown Market Wizard’. Shapiro’s chapter in the book is called ‘The Contrarian’, which tells you pretty much all you need to know about his approach and style. 

In this episode, Jason opens up with about his trading approach, his contrarian philosophy and a whole host of topics around the trading process which listeners will find fascinating. 

Jason talks passionately about trading and his work. Some of the themes Jason talks about include: Why he is a contrarian. How being a contrarian is not the same as being countertrend. Finding your edge. The importance of getting the process right. Being objective in your views. How market’s discount the news. Using the Commitment of Trader’s report. And a host of themes which will inspire and fascinate the listener.

Jason really opens up with great honesty about the realities of trading, of how he has been to hell and back more than once, the pain of losing, the learning experiences of becoming successful then losing it all, the journey and path to better process and practice, of how trading success is ‘the long game’.

This is one of those interviews which is full of nuggets and lessons from beginning to end. Do not switch this episode off early, because it just gets hotter is it goes along. 

Jason also talks about the Crowded Market Report, a Futures trading education website which focuses on and supports traders in developing a unique contrarian approach. Also full kudos to the Crowded Market Report, who donate a portion of their proceeds to the Charlestown Early Learning Center, a non-profit organization, to provide a high quality, affordable educational program for 3, 4, and 5 year old children in the local community. 

You can learn more Jason at the Crowded Market report here: https://www.crowdedmarketreport.com/about/

You can follow them on Twitter here: https://twitter.com/Crowded_Mkt_Rpt

And connect with them on Linkedin here: https://www.linkedin.com/company/cmr-publishing/

Episode Links: 

🎧 Podcast:https://link.chtbl.com/Shapiro
📺 YouTube:https://youtu.be/5R6TWXAkhlo

 
The AlphaMind Podcast
The AlphaMind podcast is co-hosted by Steven Goldstein and Mark Randall, market veterans with over seven decades between them in the financial markets. To find out more visit the AlphaMind podcast website.

The AlphaMind Podcast is produced in partnership with 'The Society of Technical Analysts'.

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AlphaMind Podcast Episode 59: Chris Camillo - Market Wizard: Finding Treasure in the Markets.

Our guest this week is Chris Camillo, a unique and quite astonishing trader. Chris was recently featured in the Jack Schwager’s new book, ‘Unknown Market Wizards’. The title chapter for Chris’s interview was ‘Neither’, and it referred to Chris’s approach to trading, which didn’t make use of neither Fundamental Analysis nor Technical Analysis.

Chris uses a unique approach to trading which he calls Social Arbitrage. It could best be described as ‘Observational Awareness’. Chris is also a big fan of the work of Peter Lynch, one of the legends of investing and author of one of the most influential books on trading and investing, ‘One up on Wall Street. Like Lynch, Chris seeks to find the long shots from which can produce "tenbaggers", trades or investments that have strong growth potential compared to the initial investment. However, unlike Lynch, Chris doesn’t crawl through company financial data, investigate the make-up of the board, or find opportunities within company accounts, instead he looks for information from the social environment that detects change early and then connects that change to investable opportunities.

Chris has achieved incredible success in trading by searching out for new trends, without needing to carry out any fundamental analysis or technical analysis. He looks for information imbalances which find cheap value and exits when he gets what he considers ‘information parity’.

In this interview Chris shares his passion with us, and talks about the challenges of trading, the advantages of being a retail investor, his love of the treasure hunt, and his dislike for trading using standard practices. He also tells us about the company he bought and sold ‘Ticker Tag’, which he would use to analyse twitter data for social arbitrage opportunities and identifying new trends hidden within the conversations on Twitter.

We had a lot of fun with Chris on this great chat. As you will hear, Chris is full of passion for what he does in his work and in life in general. He also is involved increasingly in philanthropic causes and raising money for charity and plans to move his trading into a foundation to invest and make money for paediatric causes that are close to his heart.

You can find out more about Chris at the following resources:

Chris YouTube Channel
And their Twitter handle @DumbMoneyTV
Chris’s own Twitter handle is @chriscamillo

To hear a Soundbite of the Podcast, listen here:

Podcast Episode links: 

🎧Main Link

🎧‬iTunes

🎧‬Spotify

🎧‬YouTube

The AlphaMind Podcast 

The AlphaMind podcast is co-hosted by Steven Goldstein and Mark Randall, market veterans with over seven decades between them in the financial markets. The podcast delves into the lives and stories of extraordinary guests whose experiences provide a fresh and powerful lens through which to understand the mental, emotional, psychological and behavioural challenges people face when encountering risk and uncertainty in financial markets. To find out more visit the AlphaMind podcast website. 

The AlphaMind Podcast is produced in partnership with 'The Society of Technical Analysts'.

The Sign-Up for the AlphaMind Newsletter

The AlphaMind Newsletter is a free bi-weekly email, that explores how people develop, cultivate and grow optimal mindsets, behaviours and attitude for better and more productive performance when engaged in risk taking activities in Financial Markets.

Sign-up here.

The AlphaMind Trader Performance Coaching Programme

Our powerful Trader Performance Coaching Programme focuses on helping people develop and improve the key risk skills, abilities and mindsets which contribute to trading performance mastery.

This programme makes use of our unique and powerful ‘Human Alpha Performance Model’ which helps illuminate the human aspects of the risk process as people navigate their way through the Financial Markets. The model helps people make sense of their behaviours when taking and managing risk in the financial markets, whilst the coaching helps people to make key changes and adjustments which drives growth in risk capability and personal performance.

This programme has been delivered over the past 10 years to people at many of the world’s leading trading and investment firms.

Click here to find our more about the programme, or email info@alpharcubed.com or steven.goldstein@alpharcubed.com.

AlphaMind is a collaborative project between Steven Goldstein of AlphaRCubed Ltd and Mark Randall of The Mark Randall Consultancy.