AlphaCast
Market Wizard Jason Shapiro - Fading the Herd - AlphaCast Ep. 6
Oct 17, 2023
Legendary trader Jason Shapiro shares his secrets of staying profitable for over 20 years by fading sentiment and using Commitment of Traders data for great risk-to-reward trades. He discusses the importance of risk management, staying disciplined, and navigating news and market sentiment. Insights on trading Bitcoin, regulatory concerns, and the significance of community support in trading.
44:57
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Quick takeaways
- Jason Shapiro emphasizes the importance of fading sentiment and using COT data for great risk-to-reward trades.
- Shapiro highlights the significance of disciplined risk management, letting winners run and cutting losses quickly.
Deep dives
Jason Shapiro's Unique Trading Approach
Jason Shapiro has achieved over 20 years of consistent profitability by doing the opposite of what everyone else does in trading. He emphasizes the importance of being contrarian in trading and using the Commitments of Traders (COT) data to make informed decisions. Shapiro shares how his contrarian nature led him to successfully navigate the late 99 NASDAQ bull market bubble by utilizing the COT data.
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