How to handle trading losses & grind through slumps | Dan Shapiro Interview

EP 032: How to handle a run of losses & grind through slumps, while keeping your emotions intact w/ Dan Shapiro
* More interviews: chatwithtraders.com
* Free eBook: chatwithtraders.com/17lessons
* Twitter: / chatwithtraders
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* Instagram: / chatwithtraders_
* Soundcloud: / chat-with-traders
* Sitcher: www.stitcher.com/podcast/chat-...

[@edwardbarr8165]

your podcast really does justice for the trader that on this mission with no mentor ship. really helps us figure out weather we are on the right track or not and i would like to commend you on the good work. and im looking forward to the next podcast. THANX

[@ChatWithTradersPodcast]

+Edward Barr great to hear this Edward, much appreciated.

[@dreamcoat9913]

hope u made it bro

[@potopoto1201]

did u make it my man

[@lilman1317]

He either made it or didn't pay his phone/internet bill and things didn't work out lol. Let us know man

[@hamisintunzwenimana8083]

Good Technical 1. Process / Plan / Psychology 2. Life outside of trading 3. Learning Process; Meir Blogs / Sampling

[@jeroencommandeur]

@29:00 "I got lucky. I bought my time." Now that's brutaly honest. I appreciate that. :-)

[@mrg3284]

Extremely Candid interview and Aaron did a great job on letting Mr. Shapiro flow and tell his story. No fluff no lifestyle gimmicks just raw honesty. Subscribed!!

[@lovesobhani]

Look, hear me out. I came across this very interview about a year ago when I was going through a very, very tough time trading. Similar to Dan, I had experienced a euphoric and effortless profit ride to the top of a peak (the 2021 Crypto Peak, in my case). When things crashed, I learned that what I had been doing prior was not really true trading. It was in fact just riding the hype wave. That hardship led me to then learn how to actually trade, similar to how Dan honed his skills after the crash that forged him. If I’m going through a bad day, I always come back to this video. Something about Dan‘s energy is so radiant and contagious, filling one with hope but yet not with foolhardy confidence. Thank you Aaron for the immense service that you do for the worldwide trading community, I can definitely say that it is of my utmost appreciation. You rock! - Love M. Sobhani

[@lombardo141]

This interview out of all of them is the one that stuck with me. I downloaded this one in my phone and listen to it occasionally.

[@davidfontaine8036]

I do agree with you. Probably the most down to earth and best interview i've heard on this channel so far. (Although the previous 31 episodes were really interesting, too)

[@jeffgreen3376]

This Dan Shapiro guy still doesn't realize what his mistake was from 2001-2003. It wasn't his trading style or bad luck. He was fighting against the trend. Tech stocks were in a major bear market and he was still buying tech stocks. Never fight the trend. That's rule #1 of stock trading. It took me a while to get used to being in a bear market too, after 20 years straight of bull markets. Fortunately, I figured out ways to make money, before I lost all of my profits that I made in the 90's. By shorting tech stocks from 2001-2003 and then buying gold stocks and silver bullion, from 2002-2011.

[@kylebroussard5952]

Dude this really helped me a lot. Had my biggest loss of the year to start the week. Took a step back and realized I was piling it on and needed to learn to take a step back... Went home, studied til 2am, came back fresh. TSLA ended up running on some pocket Aces... Made all of it back and took my account to new all time highs.

[@Hugo-xj2mj]

Dan dropped so much knowledge it took me 2 hours to finish listening to this even on 1.5x because of the amount of notes I wrote

[@macrovigilance]

I think this is one of the very best interviews out there - really goes deep into how one needs to think as a speculator whether a newbie or a seasoned pro. Thanks both to Aaron and Dan for this great piece.

[@resheencooper5080]

I love chat with traders! This is such a powerful interview which really hits home. Dan Shapiro is so down to earth and by far the most down to earth trader that I have ever listened to. Thank you for this interview, it has helped me tremendously!

[@ChatWithTradersPodcast]

+Resheen Cooper thanks buddy! Really good to have you listening. I actually interviewed Dan for a second time recently (which is not on KZbin yet), here's the link: chatwithtraders.com/ep-066-dan-shapiro/

[@djshocka2007]

there's nothing on a chart that is going to jump off the page and tell you exactly what to do 💯💯

[@paintballer57]

Perfect timing. Not a winning trade in the last 12 trades. At least my risk management is on point so it doesn’t hurt too bad.

[@wadisanaa]

I cant stomach half of the videos ....this one is one of the best .

[@SouthFloridasRestaurantGuy]

This guy was great! So honest to the point Of humor. But so spot on.

[@TheArtOfTrading]

Man this is what new traders like myself wanna hear. Real talk

[@motojc]

Thank you! this is one of my favorite interviews! Because it relates to me and my situation.

[@sidiebnou4958]

Thank u Dan. You're amazing

[@Peter_Potato]

Great interview, I see why you brought him back in later episodes

[@Silver.ImpAct]

That`s precious and really straightforward. Thank You !

[@darianb9472]

god bless you Dan..this is what I needed.. especially the ending, those words are still ringing.

[@NabilDzz]

Amazing trader and honest person Dan is. Thx for the episode

[@mehradnavid2686]

One of the best episodes, He is awesome

[@adriandoe1090]

I will be listening to this again and again

[@stephielleify]

This interview is a gem!!! One of the best by far!!!

[@jackmalviya4053]

Aaron you doing a great job bringing all these great traders to share their experiences.I learn a lot from your podcast.I really thank you from the bottom of my heart.

[@andreimaior9688]

Best interview on trading I’ve heard!

[@danielizumihara3964]

This interview is incredible, really helps to get my mind right. Thank you for your work!

[@empty-ed]

29:38❤ This is the only way PROCESS PROCESS PROCESS

[@davidcee6008]

Great episode. Thanks to you both, solid, wise advice for traders.

[@101Killuminati]

great interview mate just what i needed to hear,thanks

[@jrobert1129]

So needed this right now. Slumps suck.

[@sitthapromwasphornsaran5736]

Dan, you really gave me an inspiration. Thanks a lot. Aaron, love your accent.

[@jeff145ssc]

Aaron this might have been the best interview you've ever done. If we can learn from other traders mistakes that will go further than learning from their successes ever will. Great job!! 👍

[@scottramsay9765]

what a gem thank you Fif. Dan has so much to offer

[@joakingart8741]

Thanks a lot for all this interview, this is a Big Resource for all Traders.

[@tayronachan]

Thxs. Been writting down some of what these guys say and have listened to some of these twice.

[@sahadathhossain8553]

Really Great Story. Thanks for sharing.

[@kylegreear11_22]

This was a super good podcast.

[@tumuch8936]

Man I feel everything about this interview. Needed to hear this

[@CreativeCat333]

Best episode for me. ❤️

[@JP-wq6sb]

Great interview Aaron. Keep up the great work!

[@shubhamgarg6365]

Thanks for sharing this.

[@lbanks1soldier]

This hits home. Thanks so much for this

[@janinat8]

Such a great interview =) thanks Dan & Aaron

[@djshocka2007]

at 13:58 when he said plan b was to take his own life I can 100% relate to that, the whole reason I started learning about investing and trading last year was because I was so unhappy in my normal life running a busy I hate, it still frightens me that my mindset may not be right for the trading world but I am extremely passionate about learning this and making it a career

[@Luffytoro]

This guy gave me the confidence I wanted! Thanks man!

[@fitnesspoint2006]

No one can give you confidence dude! either its in you or it is not.

[@Truongchihai83]

Dan is a guy great

[@Stockafella]

Love it!!!

[@Daily_Peptalks]

i love this interview

[@SulianDeBois-si5sz]

Much gratitude

[@zlisc561]

Very relateable interview

[@FxHades01]

Thanks you , the powerful man . While hear your intervew with music put in it sounds like the univer voice .

[@olivierauberger]

These podcasts are amazing

[@ChatWithTradersPodcast]

+Olivier Auberger, I appreciate it!

[@paulax7379]

Excellent talk

[@Sejdr]

Loved the interview, but still...the very funny (anticlimactic) ending :D Dan: You gotta turn of social media...bla bla. ... Aaron: Where can we find you? Dan: Eh, I'm on Twitter.

[@danshapiro8810]

Sejdr love your comment . That was funny lol

[@Sejdr]

Ty for being a sport and for the interview! :)

[@bliaxiong6439]

Wow, your channel is full of extremely good content!!!

[@Ausnapify]

So many notes taken here. One of the more informative ones I've heard so far.

[@ChatWithTradersPodcast]

+Snap Snap good stuff. I have a second interview with Dan, that just might top this one... It'll be available in a couple weeks here: chatwithtraders.com/podcast-episodes/

[@_Iamdmoney]

The day I turned off My PnL best thing ever happened to me pyschologically.

[@cryptoboston]

Thank you Aaron for this podcast. As a trader hoping to do it long term it is nice to hear that most other successful traders have gone through some serious hardships. Thanks for shining light into what the trading industry is actually all about. Thank you!

[@ChatWithTradersPodcast]

+Austin Smith, I really appreciate this comment-I like to think this podcast removes much of the (often misleading) hype that surrounds trading. I agree, it's comforting to hear from others who have overcome many of the early challenges developing traders face. Thanks for listening.

[@bohemiancasanova5538]

very solid advice

[@davidwhite96]

Definitely needed this today.

[@wn77wn]

WOW this EP was great and has big value. You feel how far is Dna's experience and the knowledge . keep it up... need to hear more from Dan and other grate traders you invite :) rgds Wael

[@ChatWithTradersPodcast]

+wn77wn, awesome to hear! You can listen to a more recent interview with Dan Shapiro here too: kzbin.info/www/bejne/e2fTXmV4gtmNjMk

[@kanob6440]

I've been trading since 2014. Trying to at least. This year in 2016 is when I ACTUALLY starting making money. Real money... Like thousands, to the point where I'd make 2k a day and was pissed I didn't make 4. I'm not the best at all and still trying to get the hang of things. (still a noob). Brexit happened a while back and it completely threw me off. I didn't trade until after but the aftermath had me so confused on what was going on. I took hit after hit and was fucked up mentally. A whole 2 months, couldn't make a dime. Mostly to the point where Ive forgot who I was or what I accomplished. Hell I forgot how I did it all because it was so hard to get profit after that. Again though I was new to making money, still am. Slowly grinding it out and getting my mind back together. It fuckin sucks to be in a slump man

[@brickstunram9391]

Hey man, idk about your account size, but it might sound like you need to lower your trade size. I went through the same slump the first 6 months of trading, and I was trading too large without even really knowing how to trade. Whenever you start anything you will be the worst at it, just keep that in mind. Honestly man, you are going to have to lower your trade size to NO LEVERAGE for like a year and really sit down and learn about fundamentals and how to trade. Focus solely on remaining consistent! Don't even think about the money aspect. I did this and man has my trading turned around. I promise you bro, you will get burnt if you don't stop the bleeding. Hope this helps

[@brickstunram9391]

Also another pointer, stay away from bullshit like baby pips etc

[@teeraw2137]

The only way you should be sizing more than 2% of your account on a trade is if you have really high conviction that it’s going to go in your favor. That being said, you have to be able to identify high probability trades which in my opinion are in the higher time frame levels (Daily and above). Journaling and identifying your errors is a big aspect.

[@nadavdasta]

Great podcast keep the good job

[@ChatWithTradersPodcast]

+nadav dasta many thanks Nadav. Dan is coming back on the podcast very soon, will be great!

[@amiegr5098]

I like this episode 😌

[@MrBrasile87]

great as usual!

[@ChatWithTradersPodcast]

+Jacopo Da Silva good to have you listening man.

[@tcat92]

This is GOLD.

[@ChatWithTradersPodcast]

+tcat92 thanks - Dan is great! Be sure to check out our most recent interview here: chatwithtraders.com/ep-066-dan-shapiro/

[@Gandhar1012]

one more awesome video...

[@ChatWithTradersPodcast]

+gandhar thanekar thanks buddy!

[@djshocka2007]

25:10 supply zones

[@yousefrezaie6572]

useful video thanks

[@ChatWithTradersPodcast]

+yousef rezaie you're most welcome.

[@djshocka2007]

25:17 supply and demand

[@karimfish4526]

Thanks 👍💯

[@allandt]

Is there any info on Mayer Offerman? All I get when I search is Mayer from Hunters

[@sachinsinghsoun8329]

Hey aaron! Great work man. But i couldn't find the show notes for most of the podcasts.

[@foxsilver6273]

Fk that was amazing.. I have no plan b Thanks for the inspiration!!!

[@TFade3]

Love this interview. very motivational since I have been in his shoes!

[@curioustrades]

Love this Video! Again everyone want to be great! Until it takes what greatness requires! Keep going. You will fail at some point. I've blown up two accounts. Learn from those early struggles. I assure you then end will be worth it. Failure is temporary. I'll leave you with this. Focus on 3 Vital elements of trading. 3 Leg Stool. Effective Trading System, Sound Psycholgy, and Effective Risk Managment Plan! Happy Trading.

[@djshocka2007]

🤑love this channel

[@someonenamevalencia7527]

on there (I watche's) crazy but okay... NEED TO KNOW MORE

[@adilelkhlifi3441]

He is real

[@MrTraderBillion]

Is there a notes page for this podcast?

[@ChatWithTradersPodcast]

yes, visit chatwithtraders.com/ep-032-dan-shapiro/

[@MrTraderBillion]

@@ChatWithTradersPodcastthank you

[@fitnesspoint2006]

There was no plan B, I was going to take myself out. LAMO! the realness with this dude is real.

[@SSEnrich]

This guy had a lot of interesting things to say, but if trading is supposed to be boring and like a job. Why do I feel so passionate about it?

[@hasanz5259]

Aaron can you bring Dan back a 3rd time? He's the real deal.

[@pimlico3225]

How do I like this twice?

[@scarr6200]

Hahah .."the antichrist is in me..." so fucking familiar! Love this dude! Says it like it is! How did i miss this gem of an interview!

[@fiscolorado656]

Who's here 02/23/21. Bear market and everything's in the red. Newbie trying to hold onto all my depreciating "disruptive innovative" stocks. 😭😭😭

[@pj8146]

Only genius guys trade on iwatches

[@lukq90]

someone know who is Mayer?

[@danshapiro8810]

Mayer Offman

[@racingdave]

+kaczor donald www.bloomberg.com/news/articles/2000-12-03/the-rabbi-of-day-trading

[@ChatWithTradersPodcast]

+racingdave such a great article! ..."The morning's over," he says at 11 a.m. "The easy money has been made." A computer screen flashes his net for the hour: $440,000...

[@timvu2567]

30:30

[@seanl6570]

How rich was this guy if he could lose for 2 years straight and still have an account?

[@tooooomboh]

One of the best interviews, too bad its also one that has the least views.

[@fitnesspoint2006]

there is a good reason why it has the least views, after the the first few minutes most people relealize he is just ranting and nothing actionable.

[@michaelott310]

The title of this EP sucks you into getting through a trading slump. It's like listening to a Politian. Lots of words. No real answers. I have some advice that everyone can use.. When going through a slump, trade small. But stick your plan..If you have a proven strategy that works, don't get in the way.. Just trade position sizes and keep your risk small to where I the loss means very little to you.. Focus on the process. Not the results. Focus on the overall success of your plan over a series of 20 trades or so.. Use that sample size as a gauge to see if your method is working or needs adjustment.. One last point.. Dan is a swing trader that trades the trend. Well stocks trend about 15% of the time.. You need to have a method that allows you to trade what the market is giving you. Not what you want to happen.. Good luck and trade well!!

[@mygoalcrash8077]

Like !!!!!!!!!!!!

[@someonenamevalencia7527]

anyone uses MOVING AVERAGE of (6)

[@DLTFx]

I use an ema 8 as a momentum indicator when I see my setup.

[@kccj12]

Wrong... Trading is easy lol jk

[@stonedsoul3469]

one of the worst traders interviewed on Chat with Traders and i've listened to almost all of them. this guy is all fundamental with no technicals... beginners beware!

[@method341]

I really appreciate what you're doing here. However, you really should stop interviewing all these trading coaches and interview more actual traders like Peter Brandt, John Walsh and Tom Basso. I mean, this guy just rambles on and on without answering your questions. As soon as I heard his easy, salesman like voice coupled with his picture with a suit and tie I had my doubts and as soon as he mentioned his 'webinar' I basically switched off. e.g. you ask 'how did you go from losing for two years to become successful' and he goes off on this story telling tangent and talks about vomiting. Basically the whole interview I'm thinking 'what was the question again? What's this guy talking about'. Bit of a joke really, you can tell he doesn't even trade. All the other stuff he talks about is just rehashed common knowledge like 'your system has to match you'

[@LevelofClarity]

I am pretty sure the interviewee does trade; however, his trading lingo reflects a style that is very different than what most of us use. It's almost like he trades technically (he references pivots at one point in the interview), but also uses order flow to determine his trade direction (he does mention looking at order flow). I do find this somewhat odd that he didn't go into any more detail, but as a trader who uses numerous techniques, I do understand the idea of using many techniques to analyze specific setups. With that said, it would have been great if he would have went into some kind of meaningful detail about what setups exactly he uses. It almost seemed like he did not know how to put any of his trading methodology into words. Really scattered for responses for sure, and definitely rambled way too much without directly answering any questions. And despite all of that, anyone who has been a retail trader for any amount of time knows mentally, psychologically what he went through (and what he and the rest of us still go through occasionally).