๐ Most traders lose trying to predict where the market will go. Jason Shapiro does the opposite โ and profits.
In this episode of Traders of the World, Flรกvio Lemos, CMT, Vanessa Souza, and Rafael Bentes interview Jason Shapiro โ the contrarian trader from Jack Schwager's book "Unknown Market Wizards" โ who operates exclusively based on the COT (Commitment of Traders) report to find markets where the crowd is excessively positioned on one side.
The result? In the 2015 Swiss Franc trade, he recouped 30x his risk in a single trade.
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๐ง WHAT YOU WILL LEARN:
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โ Positioning, Not Prediction: why predicting the market is a loser's game
โ The Reversal Formula: "crowded" COT Report + "News Failure" = high probability entry
โ Mathematical Stop Loss: where to position the stop (exactly at the low of the reversal candle)
โ Real Cases: the Historic trade in the Swiss Franc in 2015 (30x the risk) and Jason's worst mistake
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โ QUESTIONS THIS EPISODE ANSWERS:
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- What is the COT (Commitment of Traders) Report and how to use it in trading?
- How to identify a "crowded market" before the reversal?
- What is "News Failure" and why is it the ideal trigger?
- How did Jason Shapiro profit 30x the risk during the collapse of the Swiss Franc (CHF) in 2015?
- Why does positioning matter more than prediction in trading?
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โฑ๏ธ CHAPTERS:
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00:00 - Introduction: The trader who runs from the herd
06:50 - How Jason got into Jack Schwager's book "Unknown Market Wizards"
14:40 - Why trying to predict the future marianna morandi of the market is a waste of time
18:00 - The Secret of the COT (Commitment of Traders) Report
24:50 - The Perfect Trigger: michael schumacher How to Profit from a "News Failure"
31:00 - The patience needed to wait for the market to close
45:00 - Where to place the Stop Loss? (The Reversal Candle technique)
55:20 - Where is the herd trapped now? (Cocoa, Coffee and Sugar)
01:06:00 - The Best Trade: The Profit Explosion in the Swiss Franc in 2015
01:11:30 - The Worst Mistake: The Disaster of Short Selling in the 90s
01:17:00 - Recommendations and where to find Jason Shapiro's work
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๐ RECOMMENDED BOOK:
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Unknown Market Wizards by Jack Schwager (Jason Shapiro's chapter).
The Unknown Wizards of the Financial Market: The Best Traders You've Never Heard Of (Portuguese) by Jack Schwager
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๐ MEET JASON SHAPIRO:
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๐ RESOURCES AND LINKS:
๐ Flรกvio Lemos's books :
Follow Flรกvio Lemos on Instagram: /flaviolemoscmt
on X: /flaviolemoscmt
๐ Website:
CMT Association: @CMTAssociation1967
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๐ ABOUT TRADERS OF THE WORLD:
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"Traders of the World" is the TraderBrasil podcast where Flรกvio Lemos, CMT, CFPยฎ, interviews the greatest legends of world trading โ from Wall Street to the global market.
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โ ๏ธ LEGAL NOTICE (DISCLAIMER):
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All content in this video and on this channel is strictly educational and informative.
It does not constitute, under any circumstances, a recommendation to buy or sell financial assets.
Investments involve risks, including the total loss of invested capital.
Always consult a qualified professional before making any investment decision.
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