Trading Mistakes - This Is Costing You Money

Access the presentations of all 24 experts from the 2023 TraderLion Conference. Learn from top traders, hedge fund managers, trading psychologists, and more - traderlion.com/YT_TLC23
Veteran trader Jon Brody lays bare the brutal realities of trading, from heart-pounding losses to exhilarating wins. Join us for an in-depth discussion on the secrets of capital preservation, mastering the mental game, and finding your own risk tolerance. Jon shares hard-won wisdom and practical insights gained over a remarkable 30-year career.
In this video, we break down:
• Why risk management is job number one
• The truth about high win rates in trading
• How to conquer doubt and build mental toughness
• Strategies for calculating risk and finding your comfort zone
• The emotional rollercoaster of trading and how to stay balanced
Level up your trading game, whether you're a seasoned pro or just getting started. This video is packed with invaluable advice on day trading strategies, trading psychology tips, and risk management trading.
Timestamps:
____________
0:00 - Introduction & Jon’s Background
2:00 - Risk and Capital preservation
4:16 - Jon’s Performance and 50/50 Method
11:02 - High Win Rate Misconception
13:12 - Importance of the mental aspect in trading
18:40 - Doubts in trading / Risk Tolerance
21:12 - How to Calculate Risk / How much to take
28:02 - Emotions in Trading
34:28 - What does Jon outside of trading to keep him in the zone
36:00 - Pain Threshold
45:16 - A personal example from Richard on Pain threshold
48:57 - Career Turning Points
53:16 - Questions from the audience
1:11:29 - Advice to new traders
Enjoy!
- The TraderLion Team

[@TraderLion]

Access the presentations of all 24 experts from the 2023 TraderLion Conference. Learn from top traders, hedge fund managers, trading psychologists, and more - traderlion.com/YT_TLC23

[@panagenesis2695]

Inside the first 5 minutes and I can tell this is a great interview. Thanks!👍

[@RichardMoglen]

No problem! Enjoy

[@Lugenfabrik]

Fr this guy is cool.

[@cambelljohn4577]

One of the best interviews. Please Richard we need such interviews more from all the champions speaking about the same topic.

[@RichardMoglen]

Great discussion with Jon about the most important aspects of Trading

[@Lugenfabrik]

I had no idea Mike Matusow was a stock trader. Great interview!

[@MatasDilpsas]

Haha, was thinking the same all the time!

[@TraderLion]

lol

[@TraderLion]

🕰 Timestamps 🕰 0:00 - Introduction & Jon’s Background 2:00 - Risk and Capital preservation 4:16 - Jon’s Performance and 50/50 Method 11:02 - High Win Rate Misconception 13:12 - Importance of the mental aspect in trading 18:40 - Doubts in trading / Risk Tolerance 21:12 - How to Calculate Risk / How much to take 28:02 - Emotions in Trading 34:28 - What does Jon outside of trading to keep him in the zone 36:00 - Pain Threshold 45:16 - A personal example from Richard on Pain threshold 48:57 - Career Turning Points 53:16 - Questions from the audience 1:11:29 - Advice to new traders

[@ps7857]

SIMPLY SUPERB..Key takeaway - A data bag of mental feelings is built over time for guidance in the longer run..Great Job Richard.Keep them coming 👏

[@gloriajaimesa2811]

that's GEM. Earn the right to take risk and scale up. When ATR is becoming large, alarms should start.

[@sergeym2274]

Thank you, Jon Brody, for the brilliant interview. Thank you, Richard Moglen, for inviting Jon to speak. Every moment of this interview is precious.

[@TraderLion]

Thanks!

[@oscarsanz03]

I really have to thank you both for this amazing interview. Very good job! Thanks Jon for bringing these amazing traders to the channel, asking the right questions and giving space to the interviwer to express himself. Also thanks Richard for being here. Loved the analogies and how you covered this topic with all that wisdom.

[@jasonenyart1262]

1:07:15 “Time for me to look for stocks that will make me money, not stocks that I hope bounce back so I don’t lose.” That was a pull-the-car-over-and-rewind moment. I’m just turning the page to becoming profitable and this perfectly stated what my biggest impediment has been: holding and hoping! I’m finally cutting losers quickly and I wish I’d heard this statement 6 months ago!

[@TraderLion]

Awesome takeaway from this Jason!

[@fooling6373]

Hit it out of the park. Well done

[@MrTsatia]

Loved the mental game advice this gentleman gave through this interview. Please do another interview with him, he seems to have a lot to teach us.

[@TraderLion]

Will do

[@alphabeta8403]

4:00 Winners > Losers 13:30 Trade with confidence 28:10 Emotions in trading 40:20 *Trading is 90% mental* 43:10 Have couple years of cash reserve when you’re older 54:30 Position sizing 1:01:50 Trading is a business 1:06:05 Hard stops 1:11:48 Be patient and learn money management

[@TraderLion]

Thank you

[@arashb55]

This was fantastic! Thank you Jon and Richard!

[@TraderLion]

Thanks!!

[@gemueseackerlongonly]

great interview, thanks a lot! super appreciate the conversations.

[@TraderLion]

Our pleasure!

[@tedpappas1559]

Great interview, thanks Jon and Richard much appreciated.

[@TraderLion]

Glad you enjoyed it! Thanks Ted

[@doom014]

Really resonated with the chat today, thanks for the hard work Rich, thanks for the interview Jon

[@TraderLion]

Glad you enjoyed it!

[@mikeyvu4571]

Trading psychology is no joke. Hardest thing i am learning now. Thanks for the valuable info

[@TraderLion]

would recommend watching our videos with Denise Schull and Jared Tendler as well

[@augustohofmann7286]

Such a great interview!! Good job once again Richard.

[@TraderLion]

Thanks!

[@JESS-CH]

Phenomenal interview, thanks for sharing Jon. 🔥

[@TraderLion]

Thanks for watching!

[@frecat71]

Thank you guys! Amazing valu!

[@Walker3516]

This is another notebook interview so get your pen and notebook ready love it lots of golden nuggets .

[@TraderLion]

Great to hear it!

[@josephpgreene]

Great Interview! I must view if you are a beginner or seasoned trader! Great value!

[@TraderLion]

Glad you enjoyed it!

[@DylanSmith-lz3qt]

Super good interview...I was glued

[@TraderLion]

Glad you enjoyed it!

[@Sandberm]

Thanks Richard. Another pep talk I needed. I glean a little bit from each interview which helps me.

[@TraderLion]

Awesome to hear that!

[@icesycle2262]

You need to bring Jon back soon! He was great.

[@TraderLion]

100%

[@khodler5551]

Great interview.. this guy is real which is refreshing, He speaks the TRUTH!

[@TraderLion]

Definitely

[@AnkurKhandelwal-uj6yj]

This interview is for already profitable traders who want to take trading to next level. What an interview

[@sebainccp]

Richard, do you have a Patreon ? So grateful for you doing these free interviews

[@TraderLion]

These are 100% free, enjoy

[@walkenthedog]

I can totally empathize with Jon when it comes to the parallel between poker and trading. My poker skillset and mentality has been crucial to my success in trading.

[@TraderLion]

Great to hear!

[@discoculture3928]

the fact that with this amount of experience and knowledge he shows that you can still struggle is amazing, trading is a constant improvement and work .

[@TraderLion]

Infinite incremental improvement

[@PE-TX]

A seasoned and successful trader giving great advice! Thanks!

[@TraderLion]

Our pleasure!

[@coop1247]

I definitely needed to hear this interview right now. Thanks gents!

[@TraderLion]

Thanks for listening

[@travelaus1]

This was a great interview!

[@TraderLion]

Thanks!

[@3lions9]

Such a wealth of knowledge. Useful actionable information, great podcast. Thanks

[@TraderLion]

Thanks for watching :)

[@DylanSmith-lz3qt]

The mental stuff man...my edge is real...believing it is still hard...I have to hold to take profit

[@TraderLion]

100%

[@dkct2010]

very good stuff thanks

[@TraderLion]

You bet!

[@jefflane4264]

Fantastic interview!

[@TraderLion]

Glad you enjoyed it!

[@Wizziam2442]

Wow. What a great interview!

[@TraderLion]

Thanks

[@Skeeterz71]

Everything he said about watching every tick applies to me!

[@TraderLion]

🙌

[@Puffintrading]

Great chat 🎉

[@TraderLion]

Yes it was

[@chrisconti7916]

Wow, great interview Richard. Jon's explanations and responses are like he is commenting on my personal trading, I was blown away. I took me a little more than 2 hours to get through the i.25 hr. video. I had to keep stopping because there was so much information to absorb. Thank you, to both you and Jon.

[@TraderLion]

Glad you enjoyed it Chris!

[@CHRupasinghe]

good one, thanks guys...

[@TraderLion]

Our pleasure!

[@michaels-h5539]

This seems one of the best (if not the best) in the channel for me. Would it be possible to concentrate on this aspect of trading in future interviews? Specially with guests which are really good and reappear but we've barely hear them about much else that entries and setups. Looking forward for videos focusing on this subject with more top traders pls. Great job.

[@EMan-cu5zo]

When I first started I was using smaller dollar amounts yet I wasn’t looking at my %. I would look at the $ gain or loss and not really pay attention to what % I was up or down. Look at your % not$ and put yourself into perspective.

[@gf5050]

Very informative interview

[@TraderLion]

Glad you enjoyed it!

[@somethingclever1234]

Wow, good information

[@TraderLion]

Thanks for watching!

[@NickDrendel]

Trying to make every trade a winner instead of taking a small loss has been the #1 performance limiter. Win rate means so little.

[@TraderLion]

100%

[@Macherjay12]

It's literally the hardest thing to get over

[@rolodex3452]

the amount of times that ive crossed the pain threshold and overtraded all my days or weeks gains away are noticeable, definitely gotten better at minimizing it, once ive made a solid amount for the day depending on the market enviornment, ill just walk away now and come back tomorow and make some more.

[@mikeyvu4571]

Very good podcast

[@TraderLion]

Thanks for listening!

[@buckzee289]

Great interview and i love his blunt way of expressing things. His camera need an upgrade though.

[@TraderLion]

As long as you could hear him!

[@mikeyguevara2030]

One of my favorites. YUGE

[@TraderLion]

Awesome!!!

[@JB-mw7zt]

Very good

[@TraderLion]

Thanks!

[@danielfmyers]

That 26:00 area scenario happened to me today. After market closed and assessment, I realized it.

[@TraderLion]

Good to realize it, now time to build some rules to limit it's impact in the future!

[@GURUKUL070]

An Humble Suggestion. Request if You can ask guest speakers to speak in a moderate tempo. Because the knowledge when some speaker is imparting same has to be grasped and assimilated simultaneously. Thank you.

[@michaelmaran4473]

When was this filmed @traderlion?

[@TraderLion]

This was back during our 2023 Summer Conference

[@michaelmaran4473]

@@TraderLion thanks, the struggle in the last few months makes more sense now.

[@mocazilla8710]

So far this has been gold - nothing about what to buy purely what determines a sucessful vs less successful trader/rading period

[@TraderLion]

Glad you are finding it valuable!

[@dragonflydreamer7658]

Listen if you don't follow my rules 100 years from now you will pay the price. Good advice.

[@JoesInvestmentExpress]

Anyone trading million dollar blocks has my attention!

[@TraderLion]

Brody trades big

[@bongumusakowa5452]

❤

[@TraderLion]

💙

[@sraychaudhuri6829]

Pray for India

[@TraderLion]

🇮🇳

[@niagaradonnie]

He talks a lot. Show me your P&L.

[@TraderLion]

Verified

[@nvda2damoon]

assuming you are legit... this is a useless info.. the biggest problem for most short term traders is NOT mistakes... they simply don't have an edge, at all.... all are just trading random noise.

[@adityapawar7800]

I loved both interviews with Jon and I hope you'll bring him back on podcast soon. Grateful to @TraderLion & @RichardMoglen once again. Correct me if its already covered & I missed out on it but one thing that I would love Jon to touch upon is how does he scale in/ scale out of the position, a little more in depth trade management? Does he add on to his positions & how? Also, is there a way to connect with him? Tried instagram/youtube.

[@TraderLion]

We’ll have Jon on as often has he’d like! While he’s focused more so on the mental aspects it’d be nice to hear the trade management too.