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Chat With Traders
245: Jason Shapiro - The Mind of a Tape Reading Contrarian Trader
Oct 11, 2022
57:12
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Quick takeaways
- Contrarian trading involves going against crowded market sentiment and looking for opportunities when speculators are excessively short or long.
- Market confirmation is crucial before taking a trade, waiting for a 'new failure event' where the market rejects bearish or bullish news to ensure alignment with contrarian viewpoint.
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Contrarian Trading Approach
Jason Shapiro discusses his contrarian trading approach, where he goes against crowded market sentiment and looks for opportunities when speculators are excessively short or long. He believes that when everyone is in agreement, it is a signal for contrarian trading.
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