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

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

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

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183: Gregory Zuckerman – Jim Simons—The Pinnacle of Trading Greatness

183: Gregory Zuckerman – Jim Simons—The Pinnacle of Trading Greatness

Gregory Zuckerman is a writer at the Wall Street Journal and author of The Man Who Solved the Market: How Jim Simons Launched The Quant Revolution. For anyone unfamiliar, Jim Simons is the brilliant-m...

15 Nov 20191h 7min

182: Nico, @InefficientMrkt – An Eight Year Overnight Success Story: Three Years Later

182: Nico, @InefficientMrkt – An Eight Year Overnight Success Story: Three Years Later

Nico, who goes by @InefficientMrkt on Twitter, is an intraday equities trader. His area of expertise lies in low float, micro cap stocks, near-exclusively playing the short side of overextended moves....

30 Okt 20191h 16min

181: Robert Greifeld – Crisis Averted: Saving Nasdaq From a Path of Ruin

181: Robert Greifeld – Crisis Averted: Saving Nasdaq From a Path of Ruin

This episode features high-profile American businessman, Robert Greifeld, who from 2003-2017 served as the CEO at Nasdaq—one of the world's largest and widely known financial exchanges. Bob came into ...

15 Okt 201952min

180: Larry Hite – Reflection on Markets & Life—With a Man Who’s Had Vast Financial Success

180: Larry Hite – Reflection on Markets & Life—With a Man Who’s Had Vast Financial Success

There’s no other way to say it; Larry Hite is the definition of a market veteran, he’s someone who first developed an interest for trading and markets during the 60’s… Besides a reputation for extreme...

24 Sep 20191h

179: Mike Komaransky – Going All In: The Fixed Income Trader Early to Bitcoin

179: Mike Komaransky – Going All In: The Fixed Income Trader Early to Bitcoin

For many, this will likely be the first time hearing about Mike Komaransky, but those who know him already, know him as a Bitcoin OG—and deservedly so, as he began accumulating the cryptocurrency arou...

27 Aug 20191h 22min

178: Nick Radge – The Blueprint: Create a Simple Trend Following System

178: Nick Radge – The Blueprint: Create a Simple Trend Following System

Returning guest Nick Radge is a systematic trader of trend following, momentum and mean reversion strategies—which he runs across Australian and U.S. equity markets. When I asked Nick if he'd be willi...

6 Aug 20191h 31min

177: Sam Bankman-Fried – Leaving Wall Street, Entering Crypto Chaos

177: Sam Bankman-Fried – Leaving Wall Street, Entering Crypto Chaos

This episode features Sam Bankman-Fried, who’s trading skill originated from 3-years at Jane Street—a proprietary trading firm renown for being one of the world’s largest ETF liquidity providers. In l...

22 Juli 20191h 7min

176: Alex, @TAGRtrades – Can the Family Breadwinner Become a Full-Time Trader?

176: Alex, @TAGRtrades – Can the Family Breadwinner Become a Full-Time Trader?

This episode takes on a slightly different format to normal. Essentially, it’s a response to an email that I received from a listener… The email comes from a gentleman who’s 38 years old with a full-t...

21 Juni 201952min

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