# Market Wizard: Trading 9 Figures Going AGAINST The Trend

An episode of [Words of Rizdom - Trading Podcast](https://invisiblenetwork.ai/podcast/1780241706), 22 Nov 2024, 2 h 04 min.

Audio: https://traffic.megaphone.fm/APO6874664158.mp3

If you enjoy these conversations, please follow the podcast and leave a rating on Spotify. It helps us reach more traders and continue bringing you the best guests in the industry. ____________________________________ Join the Market Journal community for weekly direct market insights for FREE 👉 https://www.market-journal.com Use Code “RIZ10” for 10% Off or Code “WOR” for 20% off 👉 https://refer.tradezella.com/riz Use Code "RIZ25" for 25% OFF ALL Challenges 👉 https://bit.ly/AlphaCapitalWOR Use Code "RIZ" for 20% OFF ALL Challenges 👉 https://bit.ly/AlphaFuturesWOR Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom ____________________________________ SUBSCRIBE NOW, and turn on notifications to never miss a new video, we post new episodes EVERY Thursday with verified traders. ____________________________________ On this episode of the Words of Rizdom podcast we are joined by Jason Shapiro. Jason is a trading veteran with decades of experience and manages over $200 Million in capital making him the largest single man money management firm in the world. Jason featured in Jack Schwager's New Market Wizards and is regarded as one of the most respected traders of our time. His controversial takes on retail traders, verified track records & scaling capital make this podcast one of the best interviews ever released on the WOR channel. I hope you guys enjoy this episode! ____________________________________ Connect with Words of Rizdom: https://instagram.com/wordsofrizdom https://x.com/wordsofrizdom https://www.instagram.com/realriziqbal Connect with our guest: https://www.crowdedmarketreport.com https://www.crowdedmarketreport.com https://www.youtube.com/@crowdedmarketreport ____________________________________ Timestamps: 00:00:00 Introduction to Jason Shapiro: Managing $200 Million 00:05:40 Navigating Politics in Hedge Funds 00:11:18 Lessons from Trading in a Bull Market 00:16:55 The Importance of Trader Journaling 00:21:58 Overcoming Challenges in Trading 00:27:19 Overcoming Trading Setbacks 00:32:55 The True Value of Money and Happiness 00:38:41 The Pitfalls of High Expenses in Trading 00:43:33 The Impact of "Market Wizards" on Careers 00:48:43 Learning from Trading Mistakes 00:54:00 Mentorship in Trading: A Path to Legacy 01:00:00 Avoiding Scams in the Investment World 01:05:00 Trading Mistakes and Risk Management Strategies 01:10:19 Understanding Market Trends and Turnarounds 01:15:12 Trend Following vs. Unique Trading Strategies 01:20:21 The Value of Higher Education in Job Markets 01:25:23 The Trap of Addiction: Heroin and Alcohol 01:31:00 The Importance of a Disciplined Routine in Trading 01:37:46 Personal Reflection on Leadership and Career Choices 01:41:59 The Psychology of Treating Trading Like a Game 01:47:01 Strategy in American Football: Defensive End Role 01:52:18 Embracing Mistakes and Self-Forgiveness 01:58:59 Managing Human Error in Trading 02:02:56 Insights on Trading Strategies and Market Impact ____________________________________ Disclaimer: The content on Words of Rizdom is for informational and educational purposes only. We are not personally affiliated with any of the guests featured in our episodes. Our role is solely to interview them and share their insights, experiences, and expertise. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom.

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