Best and Worst Career Trades and What You Can Learn From Them - Jason McDonald

Senior trading mentor Jason McDonald talks through the best and worst trades of his career, and what you can learn from them, in this presentation from the ITPM London Super Conference 2016.
Education: www.itpm.com/education/
Events: www.itpm.com/seminars/
Mentoring: www.itpm.com/trader-mentoring/
3 Month Trader Mentoring with Jason McDonald:
www.itpm.com/trader-mentoring...

[@qulino343]

Thank you ITPM. I think not many people can fully appreciate how great is the content...

[@jebise811]

Perfect! Traders who have balls to speak about losses. This is great for retailers.

[@tamaradrobac204]

Wow! This presentation puts you straight back into your place with both feet firmly on the ground. The great lesson here is that because any market condition is only temporary, you need to learn to keep moving, adjusting and over the time you learn more of the right questions you should be asking yourself. I'll take this video as my early birthday present.

[@KennysTreeRemoval]

Indeed

[@lukluk8844]

video for free, WOW THANK YOU! every little bit helps.

[@raikks]

Can't believe you're doing this.. Thank you!

[@mircea5826]

Very interesting seminar! An good example on how to trade having an process behind! Thank you ITPM!

[@Mr_mence]

Jason M as always simply brilliant !

[@optimusprime699]

The most interesting video I have seen on your channel, thankyou

[@Things321]

Awesome talk! ITPM is a great program. Hope to work with a mentor soon!

[@andrewlam8580]

Thank you for this great content.

[@ramyshaaban685]

Thanks alot for this video guys 👏👏

[@calbaking]

Thanks for uploading

[@hssu9076]

Hello! Will you be having a super conference again in US or Canada? I can't find anything on-line about it. Thank you.

[@nayanmipun6784]

Please make a video on how to join the training - the flow chart, steps

[@karlopeternel7685]

There's no such a thing as loss, just a lesson learnt

[@PeterMurrayj]

Trying to make sure I followed last trade right: The biggest risk is deal falling through. You try to protect from this by selling puts and calls to capture IV and lower cost basis. Is lowering cost basis the only protection you have on the downside? Selling a $9 put opens you up for extra losses if deal falls through and it drops under $9. Selling calls would caps your share profits at $15/ share. If I’m following correctly.

[@smallrossy]

great videos

[@WalksandAll]

A chart that I believe would be of interest to traders that I just saw on Bloomberg is called 'Count of S&P records per VIX range'. If you have access to the terminal then I'd have a look

[@mparryuk52]

How much does it roughly cost to attend one of these conferences please?

[@Precisioninfrared]

One obvious clue missed is the oil company sitting on 96 million barrels pulling 4000 barrels a day now they discover 250 million barrels and they’re gonna pull 25,000 barrels a day? That alone doesn’t pass the smell test.

[@user-jt3nf7in5w]

This is why I exit my position in stages. Could have locked in SOME profits before the dry well statements.

[@crypto4207]

thanks for acting normal and saying the truth

[@butt.]

Yeah boy!

[@MrAmbrosse]

Hmm, I need to research calls and puts, as I didn't completely understand part of the strategy. As a simple retail trader in the UK all I know how to trade is long or short at the moment.

[@ryanpollak726]

Max Smith calls are long. Puts are short. Now you understand them. That is of course, buying calls and puts. Selling them switches the positions.

[@KennysTreeRemoval]

@@ryanpollak726 💯

[@ivan_says_hi]

Sweet. Vodaphone now apparently sponsors half the esports I watch lol.

[@JamesGarradDrums]

Who spotted Boris in the second row ...

[@pmf026]

one shit trade out of those 40% can get you rekt like for good, and recovering from that, not only financially, but also mentally could be very very difficult.

[@JTYT0]

3:22 I remember oil being $-34 LOL

[@lombardo141]

Am a trader and I am soo lost on this presentation. Gonna take me a couple of watches to get the lesson here. FYI I am referring to the technical terms of their research in buying the stock not the obvious lesson of selling or holding your winners.

[@pedrocamara9088]

Yeah, do you know what means when he says at around 23:30 that the company was in a Maybach? Don't even know if that's how you write it..

[@hssu9076]

@@pedrocamara9088 it just means that the company reps showed up to the financing meeting driving a Maybach, therefore the assumption was that they would most likely burn through the financing.... ex. Think about Jeff Bezos who drove a Honda even though his stock IPO'd.

[@MrAmbrosse]

@@pedrocamara9088 The management were wasteful and had little regard for investors money, as they had bought/leased a maybach (super luxury car) funded with money that was entrusted to them by investors for building the company.

[@KennysTreeRemoval]

@@MrAmbrosse good explanation

[@SLVENCOOKER]

"they were in a maybach"--- what is the meaning of this sentence [23:26]

[@keshavvikram3397]

Maybach is a super luxury version of the Mercedes S class comparable to a Rolls Royce suggesting the company is doing well cause they can afford a Maybach as a company car

[@crypto4207]

no stop loss?

[@Longlostpuss]

Lol, it wouldn't have worked, those straight drops don't give them time to trigger.

[@MrAmbrosse]

Stop loss doesn't work when your dealing with this amount of capital in illiquid small cap stocks.

[@KennysTreeRemoval]

You’ll have to reduce your position a small chunck at the time. When you have such a large position it is very difficult to exit all at once.

[@eddietham98]

31:17 "We all know how useless analysts are.." Hahaha...

[@captaincrypto8244]

Thank you for this great content.