@JackR thanks for your viewpoint jack. I might just set up price alerts and take profits every 10% Jump. Then leave my principle even if it drops back down and add more to it and ride the wave up again. Or else if I can be patient enough. Just leave it and keep adding to it and wait until it goes back up to 6/7$ even if it is next year or year after. As my entry point is so low.
What a fantastic guest! I know that I can trust someone when they say they have no idea what the economy or market is going to do in the short term. Warren Buffett and Peter Lynch admit the same. We can add Jason to that list. Have him on again!
David asks very good questions and this guy answers them well and humbly in a keep it simple way. You can tell he has had many years and experience, good and bad
This is correct during the bull trap phase of a bubble bursting. Once it drops, it is going to drop hard and it won’t matter what the market or people want. People will think it’s the bottom and keep buying into a waterfall. Remember what happened with COVID, the market was a falling knife until the government passed a bill dumping trillions of unearned, out of thin air money into the economy.
This guy is great. I'm commenting as I watch. I love how solid he is in his thinking. Like with the losing money as a young trader being so valuable, and then when DL pushes back he lists the three most important reasons: you will learn the most valuable lessons you need as a trader, you will do it with less money, and you will do it when you have a lot of time in front of you. Right, enough said. He says, "I can't predict whether there's going to be a recession or not, I just play the markets, and I believe that until the idea of this recession is given up on, the market is going to go higher." DL says "They'll give up on it once it actually happens." Love it. He says "Find me one person that is massively leveraged long in the stock market right here. I can't find that person. I'm sure maybe they exist somewhere." It's so good because he's not trying to explain how things are or why, he's explaining how he trades, which is a very different thing. A trader once told me "there are a lot of ways to spin the ball". Take it from the man. Responding to how bears turn bullish he says "It's a very strange time because people that are fundamentally bearish, which are pretty much every fundamental person that I know or listen to, how are they going to get fundamentally bullish if the markets ten percent higher than here? I just don't know." Well said. It's so interesting right now how many seemingly high level people are on divergent sides of the fed debate and yet from my perspective the fed is just doing what they're supposed to, as best they can. Looking back, there's not a lot of 'controversy' over fed actions, just evaluation. Surely they're not trying to fuck up with everyone watching. Sometimes you just gotta see what happens. He attributes a lot of the recent market up move to people being short. I wonder how this relates to fund flows. Is he saying that this time it's because of people being short here now or is this a general rule. What happens when people are bullish and the market is going up or the trade is working. I'd love to know more about how this guy developed as a trader, he mentions being well read and it sounds like he's worked with different people, more about that stuff would be cool, and only for the smart interesting guys. Haha.
David, you have a great channel. I love all of you that came out of Kitco news (Daniella etc). You surprise us every day with your guests. Great great channel. In a few years 1 million subscribers. Thank you.
That is where he is dead wrong. The market always makes sense, but not in the timeframe that you think. You can predict long term consequences and affects on the market, but in the short term, you never know what happens. If you know a cliff is coming, you better be prepared for it. The cliff may be 6 months to a year out. Its the same as predicting earthquakes. In parts of California, its 100% guaranteed to happen, however, you just don't know when it would happen. Do you prepare for it or gamble that it won't happen and get it right once in a while. After the earthquake happened, you will be unprepared.
@@TanTan_7 I hear it all the time. I don't believe the root cause is "irrationality". I think the true root cause is "greed" which leads to "irrationality".
I've seen now both sides of a market from the end of 2019 to now, and this guy nails it. It's time to get greedy when others are fearful and it's time to get fearful when others get greedy. Gotta experience it to believe it. Also the trend is pretty obvious when we take a step back and observe, and leveraged futures piled too hard in any one direction usually push the market against the herd. The one and only function of the market is to fuck as many people as possible. Never forget that
Jason is absolutely correct, I have learned this myself, but it is extremely had to trade this way. It's hard going against consensus and what generally feels right... and the losses (because it's not always going to work) are really painful. When you take a contrarian trade and it goes against you, you feel really stupid.
You know he lies straight out. If he is playing the market straight even if its against the general consensus, how is he able to increase his gains and reduce his losses? If he is "all in" the market or against it, its more likely he is to break even at best. He is obviously not telling the entire story of how he is playing the market or he hedges in order to reduce his losses. You can play against the market, but still need to hedge in case you are wrong or be willing to completely flip the strategy on a moment's notice if the trend reverses.
@@ahndeux Being involved with the market in any shapes or form IS gambling. Investors are just very long term traders with a different set of system. The trick is to keep your losses consistent and let your winners run to pay for the losses. If you have a 30% win rate but your winning trades pay out 4 times your losing trade, you will still make money over time, as long as your keep your loss consistent with sound risk management. You can simulate this test using Microsoft Excel over 100 trades, 1000 trades, 10000 trades and see how fast it would grow.
This is the best video I have ever seen about the stock market PERIOD. In a nutshell. Playing probabilities and money managment make you money. Figuring out what you want to trade and how you want to trade it is the trick. Are you a reversal trader, are you a swing trader, day trader etc? There are very different tools for each. Fundemental trading is the hardest because price does not really care about fundamentals and who really cares. You just want price to move and be on the right side of the trade. If it is going your way ... ride it... if it is not get out as fast as you possibly can.
Can totally relate with all this! If I can only ever get ego/bias better controlled I know results will improve exponentially! Great interview! Best of luck!
There are many beginners here and you really have to pay attention to what Jason is saying, rather than try to call him out on some sort of predictions. He clearly said he makes no predictions and just likes to position his money on the opposite side of participation of retail, wherever and whenever that is. That and risk management are his key principles.
I found your comment helpful- thank you. Is it the participation of retail only that Jason is watching? Or market participation overall, including institutions?
@@lyrical-feline institutions tend to be referred to as smart money , retail in slang term referred to as dumb money. The COT data likes to position with smart money. Of course there are times smart money is not right or they are early , but tend to have the best hit rate over long durations.
Really happy David put together his own show. Easily one of my favorite interviewers and has had so many excellent guests on already. Hoping for huge success for you David
He's definitely trading on sentiment and that seems to be more important than "fundamentals" or any other poppycock. Actually, he's trading on don't watch what they say watch what they do. LOVE THIS!
he's right I started day trading in 1988 I used to use the 20-minute delayed ticker! when real-time quotes came it was a game changer. 1992-1999 in sane day trading made 50,000 in a day many times but lost 40,000 a day fast it was insane fun. He said it correctly 100%
yes, no wonder he's a wizard, dude was spot on! meanwhile beareth fraudway during that same period was calling for crash, 30% crash on sp500, btc to fall further haha, dude is a total fraud glad there are still legit guys like jason shapiro out there, in a space where 98% don't know what tf they're talking about
I’m a contrarian in life (or aspiring to be) though not knowledgeable enough trader to be a contrarian. Makes sense but I think requires a certain level of expertise and confidence in trading. David is great not only because his wits and intelligence but mainly because of his humility, poise and equanimity. Beautiful to watch ✨
Contrarian 😂? Dude.. the natural trend for índices is always bullish, people calling for "crash" are retarded.. just look at the 100 year chart The banks, governments, central planners can't afford a recession, hence they'll always inject liquidity in the system, just look at btc, the market is always going up, any "bear market is just a bull market rally, a correction, that's it, if these pundits are calling for recession they're betting on the 20% side of the equation, not smart at all Being bullish is just common sense, and when the next correction comes, be smart and buy at the bottom, particularly when everybody is desperate and there's blood on the streets, that's the best time to buy
Look at the 100 year chart of the sp500, it's always been bullish Nothing "contrarian" about being at the higher probability side that is the 80% statistic
David Lin is a rising star and I love his professionalism. But I cant over emphasize enough that investors and traders need to do their due diligence. Listening to all these different characters no matter how well qualified they are will only confuse you more. Trust me.
The only way the market can "give up on this recession idea" is ro concede that we are entering a depression. This "lite recession" "mild recession" "rolling recession" is all wayyyy to optomistic
What are you saying actually makes a lot of sense I got that just before covid and I made a s*** ton of money and my biggest mistake was I didn't know to take profits now I know
Literally everyone on TH-cam is saying recession recession, sell now. When everyone is saying go left, I go right. I've been thinking this for almost a year, only when everyone gives up that there will be a recession and all retail floods the market and drain their pockets that's when the market will go down.
This is on the nail. I follow more or less the same principles with great success, year over year over year. But of course I follow my own instincts, fundamentals, and proprietary technicals.
This guy is not an economist. He is a gambler and he admits it. There is nothing wrong with it. Other people might see another story based on layoffs and the slowdown in orders to China and have different opinions. I don't think we reached a maxed yet. It may make another bull run before the end of the year, but the long term outlook is not great. The fed rates has a big damping affect on the economy, especially in home sales and other transactions that require financing.
Precisely, I know atleast 10 people who are 45 and above, have lost their job in last 4 months and are still unable to find job. This is just unprecedented and I have never seen this before. Now these are the people who earned salaries above $500K and were heavy investors. Where are they going to find new money coming into the market? Federal reserve will buy stocks?
@@dsharma1978 Precisely. Some of the unemployment numbers don't even show up for a few months since the person who was laid off probably had a layoff package. After the benefits on those packages expire, that is when the unemployment numbers increase when they file for unemployment benefits. I see this current and maybe the next quarter as average to decent until it turns negative. The recession is coming, but its just not here YET. Some gamblers play right up to the cliff while others put some chips on the side.
Interesting. Helpful? I’m not sure, but I appreciated the exposure to Jason’s different perspectives, as well as his humility. For the kernel of his approach, watch from about 35 minutes onwards.
“What’s makes money is not what makes sense...” I think that was a telling statement for me, no one single person can truly understand how the market moves, however each has an opportunity to a moment of glory with it. No one can fully tame the Bull or domesticate the Bear.
Just because you go against the crowd doesn't mean you're automatically right and make money, you can have all the strong opinions in the world and the market will not care about them
Read his interview in Unknown Market Wizards - that describes his contrarian methodology more mechanistically i.e. how participation/positioning (and NOT price) are the true discounting mechanisms of the market. He’s a very good trader and manages his risk well.
I appreciate Jason's honesty & humility. Great guest & interview David! He has good ideas except for one...I hope he loses money on his shorts on the gold I love!, with all due respect.
Thank you for having me on David. Always a pleasure.
Your humility and transparency is much appreciated, in a world of fake finance influencers :D
Hey Jason how do you feel about natural gas? I’m long. As IMO it’s never going to zero. And more potential upside. I enjoyed your interview also 😊
@JackR thanks for your viewpoint jack. I might just set up price alerts and take profits every 10% Jump. Then leave my principle even if it drops back down and add more to it and ride the wave up again. Or else if I can be patient enough. Just leave it and keep adding to it and wait until it goes back up to 6/7$ even if it is next year or year after. As my entry point is so low.
I've been a contrarian prior to COVID.. and I'm still bearish
Pleasure was all mine! Thanks for your unique insights.
Jason is a very humble guy. Thanks for having him on the David Lin Report. Awesome channel David. It's growing really well. Good job 👍
Thank you for the kind words.
Jason is a what your trader audience want every day Lin.. get him more at market turnarounds
Thank you!
What a fantastic guest! I know that I can trust someone when they say they have no idea what the economy or market is going to do in the short term. Warren Buffett and Peter Lynch admit the same. We can add Jason to that list. Have him on again!
Great perspective!
David asks very good questions and this guy answers them well and humbly in a keep it simple way. You can tell he has had many years and experience, good and bad
Jason is awesome. Thank you David for inviting him. 👊🏻
Thank you!
His strategy works because it's a fake market and he's exactly right.
The market moves in whatever direction takes the most money.
God does it feel that way since Covid at least!
So, then JAson is right. Don´t follow common sence.
This is correct during the bull trap phase of a bubble bursting. Once it drops, it is going to drop hard and it won’t matter what the market or people want. People will think it’s the bottom and keep buying into a waterfall. Remember what happened with COVID, the market was a falling knife until the government passed a bill dumping trillions of unearned, out of thin air money into the economy.
Exactly
None of it is real it’s determined by the people with the most wealth so they’re just sucking peoples money.
Started off not liking this guy but as the interview went on really warmed to him. Humble and insightful.
This guy is great. I'm commenting as I watch. I love how solid he is in his thinking. Like with the losing money as a young trader being so valuable, and then when DL pushes back he lists the three most important reasons: you will learn the most valuable lessons you need as a trader, you will do it with less money, and you will do it when you have a lot of time in front of you. Right, enough said.
He says, "I can't predict whether there's going to be a recession or not, I just play the markets, and I believe that until the idea of this recession is given up on, the market is going to go higher." DL says "They'll give up on it once it actually happens." Love it.
He says "Find me one person that is massively leveraged long in the stock market right here. I can't find that person. I'm sure maybe they exist somewhere." It's so good because he's not trying to explain how things are or why, he's explaining how he trades, which is a very different thing. A trader once told me "there are a lot of ways to spin the ball". Take it from the man.
Responding to how bears turn bullish he says "It's a very strange time because people that are fundamentally bearish, which are pretty much every fundamental person that I know or listen to, how are they going to get fundamentally bullish if the markets ten percent higher than here? I just don't know." Well said. It's so interesting right now how many seemingly high level people are on divergent sides of the fed debate and yet from my perspective the fed is just doing what they're supposed to, as best they can. Looking back, there's not a lot of 'controversy' over fed actions, just evaluation. Surely they're not trying to fuck up with everyone watching. Sometimes you just gotta see what happens.
He attributes a lot of the recent market up move to people being short. I wonder how this relates to fund flows. Is he saying that this time it's because of people being short here now or is this a general rule. What happens when people are bullish and the market is going up or the trade is working. I'd love to know more about how this guy developed as a trader, he mentions being well read and it sounds like he's worked with different people, more about that stuff would be cool, and only for the smart interesting guys. Haha.
This is probably the most honest trading advice I have seen! Also, David's questions are spot on as usual.👍
David, you have a great channel. I love all of you that came out of Kitco news (Daniella etc). You surprise us every day with your guests. Great great channel. In a few years 1 million subscribers. Thank you.
LOL! Jason is great! "The market doesn't make sense and never will." Best wishes Jason.
That is where he is dead wrong. The market always makes sense, but not in the timeframe that you think. You can predict long term consequences and affects on the market, but in the short term, you never know what happens. If you know a cliff is coming, you better be prepared for it. The cliff may be 6 months to a year out. Its the same as predicting earthquakes. In parts of California, its 100% guaranteed to happen, however, you just don't know when it would happen. Do you prepare for it or gamble that it won't happen and get it right once in a while. After the earthquake happened, you will be unprepared.
@@ahndeux Have you ever heard of the saying "Markets can remain irrational longer than you can remain solvent" ?
@@TanTan_7 I hear it all the time. I don't believe the root cause is "irrationality". I think the true root cause is "greed" which leads to "irrationality".
@@ahndeux The markets can stay greedy longer than you can stay solvent.
@@LarsLarsen77 Yeah, whatever.
I've seen now both sides of a market from the end of 2019 to now, and this guy nails it. It's time to get greedy when others are fearful and it's time to get fearful when others get greedy. Gotta experience it to believe it. Also the trend is pretty obvious when we take a step back and observe, and leveraged futures piled too hard in any one direction usually push the market against the herd.
The one and only function of the market is to fuck as many people as possible. Never forget that
Is COT more meaningful than put/call ratios? Are futures more important than options in measuring positioning?
Finally an interview with someone who gets it and not some larping doom bear
Lol larping doom bead
I always enjoy hearing from Jason - thanks 👍💛
Today I was waking up saying: it was all a dream. But it was not!!! You got your own channel!!! I love it! Greatings from Germany!
best financial interview i've seen in the last 5+ years, easy. few.
Great interview David. Get this guy back when he feels sentiment is changing.
Jason is absolutely correct, I have learned this myself, but it is extremely had to trade this way. It's hard going against consensus and what generally feels right... and the losses (because it's not always going to work) are really painful. When you take a contrarian trade and it goes against you, you feel really stupid.
That’s why risk management is key. You keep your losses small but pay out 3-4 times when it works.
You know he lies straight out. If he is playing the market straight even if its against the general consensus, how is he able to increase his gains and reduce his losses? If he is "all in" the market or against it, its more likely he is to break even at best. He is obviously not telling the entire story of how he is playing the market or he hedges in order to reduce his losses. You can play against the market, but still need to hedge in case you are wrong or be willing to completely flip the strategy on a moment's notice if the trend reverses.
@@TanTan_7 In other words, leveraging or using options, which is essentially gambling.
@@ahndeux Looks to me as if you had no clue about risk management.
@@ahndeux Being involved with the market in any shapes or form IS gambling. Investors are just very long term traders with a different set of system. The trick is to keep your losses consistent and let your winners run to pay for the losses. If you have a 30% win rate but your winning trades pay out 4 times your losing trade, you will still make money over time, as long as your keep your loss consistent with sound risk management. You can simulate this test using Microsoft Excel over 100 trades, 1000 trades, 10000 trades and see how fast it would grow.
David Lin is the master of interviewers. He always articulates his questions timely and relevantly.
Great episode, great guests. Love the contrarian view.
This is the best video I have ever seen about the stock market PERIOD. In a nutshell. Playing probabilities and money managment make you money. Figuring out what you want to trade and how you want to trade it is the trick. Are you a reversal trader, are you a swing trader, day trader etc? There are very different tools for each. Fundemental trading is the hardest because price does not really care about fundamentals and who really cares. You just want price to move and be on the right side of the trade. If it is going your way ... ride it... if it is not get out as fast as you possibly can.
Can totally relate with all this! If I can only ever get ego/bias better controlled I know results will improve exponentially! Great interview! Best of luck!
Fact you know that, bodes well for the future.
There are many beginners here and you really have to pay attention to what Jason is saying, rather than try to call him out on some sort of predictions. He clearly said he makes no predictions and just likes to position his money on the opposite side of participation of retail, wherever and whenever that is. That and risk management are his key principles.
I found your comment helpful- thank you. Is it the participation of retail only that Jason is watching? Or market participation overall, including institutions?
@@lyrical-feline institutions tend to be referred to as smart money , retail in slang term referred to as dumb money. The COT data likes to position with smart money. Of course there are times smart money is not right or they are early , but tend to have the best hit rate over long durations.
Positioning (not price) is the discounting mechanism
I like the last few guests which seem more measured. Congratulations on the new program.
Really happy David put together his own show. Easily one of my favorite interviewers and has had so many excellent guests on already. Hoping for huge success for you David
He's definitely trading on sentiment and that seems to be more important than "fundamentals" or any other poppycock. Actually, he's trading on don't watch what they say watch what they do. LOVE THIS!
Always like to hear what Jason has to say. Great
This is the guy. All we need to hear
The more I listen to all these people, the more I feel I’m watching weather predictions
Ugly fuckin weather men though
Jason is an entertaining guy to listen to with an interesting take on how to profit from the markets.
he's right I started day trading in 1988 I used to use the 20-minute delayed ticker! when real-time quotes came it was a game changer. 1992-1999 in sane day trading made 50,000 in a day many times but lost 40,000 a day fast it was insane fun. He said it correctly 100%
Awesome channel David, thanks for inviting Json.
Love this guy! His honesty is awesome
Top interview
This wizard was 100% correct ....period .....the end .
yes, no wonder he's a wizard, dude was spot on! meanwhile beareth fraudway during that same period was calling for crash, 30% crash on sp500, btc to fall further haha, dude is a total fraud
glad there are still legit guys like jason shapiro out there, in a space where 98% don't know what tf they're talking about
Absolutely great interview, this guy is a legend, his trading psychology is awesome, well done David landing Jason on your show .
easily one of the BEST guests... EVER..👏
Thanks for your useful sharing! it is really an interesting interview and may change a lot of people on how they used to think on how to invest!
You are one of the best, thanks David 🙂 And Jason is fascinating.
I’m a contrarian in life (or aspiring to be) though not knowledgeable enough trader to be a contrarian. Makes sense but I think requires a certain level of expertise and confidence in trading. David is great not only because his wits and intelligence but mainly because of his humility, poise and equanimity. Beautiful to watch ✨
Best trading advice out rn.
Hey David i very much enjoyed this interview. Jason and i are very alike on how we trade. Good job
Honestly this was amazing! More of this contrarian view. Thanks David!
Contrarian 😂? Dude.. the natural trend for índices is always bullish, people calling for "crash" are retarded.. just look at the 100 year chart
The banks, governments, central planners can't afford a recession, hence they'll always inject liquidity in the system, just look at btc, the market is always going up, any "bear market is just a bull market rally, a correction, that's it, if these pundits are calling for recession they're betting on the 20% side of the equation, not smart at all
Being bullish is just common sense, and when the next correction comes, be smart and buy at the bottom, particularly when everybody is desperate and there's blood on the streets, that's the best time to buy
Look at the 100 year chart of the sp500, it's always been bullish
Nothing "contrarian" about being at the higher probability side that is the 80% statistic
David Lin is a rising star and I love his professionalism. But I cant over emphasize enough that investors and traders need to do their due diligence. Listening to all these different characters no matter how well qualified they are will only confuse you more. Trust me.
Wonderful interview 😊
Thanks David! Great show; keep going on!
Top quality interview. Poor David just don’t get it 😅 markets have a mind of their own which is what Jason is trying to explain.
The only way the market can "give up on this recession idea" is ro concede that we are entering a depression. This "lite recession" "mild recession" "rolling recession" is all wayyyy to optomistic
Great video, very informative, I enjoy your show very much, thank you!
What are you saying actually makes a lot of sense I got that just before covid and I made a s*** ton of money and my biggest mistake was I didn't know to take profits now I know
As usual, great interview and great questions, especially....how do you know everyone is bearish?
Love this guest 👍
Another great interview David. Thanks.
Even David feels rattled when interviewing this guy :), But I must say David is a great interviewer and what great questions he asked
I fully agree with this gentleman. I buy calls daily for 0DTE. And I've been killing it
Show us your P&L
genius brother
David, please start querying all those guys how do they set up their STOPS and size positioning! This is a useful subject for everyone. Cheers
this guy is so honest. Please bring him back.
Literally everyone on TH-cam is saying recession recession, sell now. When everyone is saying go left, I go right. I've been thinking this for almost a year, only when everyone gives up that there will be a recession and all retail floods the market and drain their pockets that's when the market will go down.
Awesome interview! You are both epic people.
Thanks for all your hard work David.
This is on the nail. I follow more or less the same principles with great success, year over year over year. But of course I follow my own instincts, fundamentals, and proprietary technicals.
David is the best interviewer on youtube
Brilliant guest!
Wonderful interview.
I wish that analysts track records of predictions could be posted before they were interviewed. Wouldn't that be nice.
😮
We aren't in the game of predicting. We are in the game of making money.
This was one of your best interviews. Thanks
Great to hear alternative view! Thanks
Extremely percise questions. Great job
This guy is not an economist. He is a gambler and he admits it. There is nothing wrong with it. Other people might see another story based on layoffs and the slowdown in orders to China and have different opinions. I don't think we reached a maxed yet. It may make another bull run before the end of the year, but the long term outlook is not great. The fed rates has a big damping affect on the economy, especially in home sales and other transactions that require financing.
Precisely, I know atleast 10 people who are 45 and above, have lost their job in last 4 months and are still unable to find job. This is just unprecedented and I have never seen this before. Now these are the people who earned salaries above $500K and were heavy investors. Where are they going to find new money coming into the market? Federal reserve will buy stocks?
@@dsharma1978 Precisely. Some of the unemployment numbers don't even show up for a few months since the person who was laid off probably had a layoff package. After the benefits on those packages expire, that is when the unemployment numbers increase when they file for unemployment benefits. I see this current and maybe the next quarter as average to decent until it turns negative. The recession is coming, but its just not here YET. Some gamblers play right up to the cliff while others put some chips on the side.
Great interview David.
Does the COT cover Nasdaq?🤔
That is one smart guy there!
Interesting. Helpful? I’m not sure, but I appreciated the exposure to Jason’s different perspectives, as well as his humility. For the kernel of his approach, watch from about 35 minutes onwards.
Shapiro is da man! Enjoy his open and honest opinions on the markets.
Splendide . Again . Bravo David.
I think like Jason because after a decade of living on a rollercoaster this is what has proven itself to be true
Great perspective
Excellent thanks
“What’s makes money is not what makes sense...” I think that was a telling statement for me, no one single person can truly understand how the market moves, however each has an opportunity to a moment of glory with it. No one can fully tame the Bull or domesticate the Bear.
You should bring on palisades gold radio! You both are amazing and would have a good conversation.
Hahahaha,...ya gotta teach David a contrarian point of view....18:25 how will they get long, when the Fed says "Pause," and then,......BOOM.....
Cool to see this perspective. Much more relatable
Interesting and fun! thx guys
Everybody's bearish but we're at extreme greed on the sentiment dial
I like a guest who comes on the show and tells you how he lost tons of money. Respect! 🙏🏼🙏🏼
He talked specifics about his bad trades (shorting gold). I respect that...and hope it continues to be a bad trade.
Jason is a legend 😃👋
Love JS insights. Humble honest.
Thank you very much 🎉🎉
very humble and honest guy. I liked this one
Just because you go against the crowd doesn't mean you're automatically right and make money, you can have all the strong opinions in the world and the market will not care about them
Not helpful advice nor a clever trader 😂 sorry
When I first started trading I took $13K and turned it into $250K and lost most of it. Maybe David should interview me.
He is more successful than 99.9999% of market participants. You could spend 8 seconds looking him up.
Read his interview in Unknown Market Wizards - that describes his contrarian methodology more mechanistically i.e. how participation/positioning (and NOT price) are the true discounting mechanisms of the market. He’s a very good trader and manages his risk well.
Can't stop. Won't stop. "Keep on, with the force, don't stop - Don't stop 'til you get enough" - Michael Jackson
I appreciate Jason's honesty & humility. Great guest & interview David! He has good ideas except for one...I hope he loses money on his shorts on the gold I love!, with all due respect.
I enjoyed this inteview. He´s absolutely right.
Awesome interview
A good mix of different views to make sense of the world recently!
Smart cookie 🍪
LMAO for someone like me who has been holding heavy puts, this guy makes a lot of sense.
Ditto that! Second cover the second the market goes down. Has happened that way twice before to me!
@@silverwhale7474 Same. Every short position keeps getting rekt until I cover haha
I remember they had this guy on in December and some of the commenters were like "where did you find this guy?" lol