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Chat With Traders

032: Dan Shapiro – How to Handle a Run of Losses & Grind Through Slumps, While Keeping Your Emotions Intact

Chat With Traders

Kevin Avery

Investing, Education, Business

4.82.3K Ratings

🗓️ 6 August 2015

⏱️ 71 minutes

🧾️ Download transcript

Summary

I’ve received many requests for this weeks guest, in recent months. Maybe it’s because he’s a straight shooter who doesn’t mix his words, or maybe it’s because he’s bounced back from harsh failures, to become an exceptional trader. Whatever the reason may be, I know for certain, you’re going to appreciate the raw honesty and insight of this weeks guest – Dan Shapiro. Coming up from humble beginnings, Dan called on the neighborhood loan shark to fund his first trading account, which got him through the door to one of the largest prop firms at the time. This is where he rubbed shoulders with many phenomenal traders, who helped shape him into the trader he is today. This interview is ultimately focused on the mental and psychological aspects of trading. We discuss some of the darkest moments from Dan’s trading career, how to handle losses and grind through slumps, trading the setup and not your PnL, and why you should care more about trading right, rather than being right. Dan was great to talk to, and I trust you’ll enjoy this episode. Actually, it may even be worthwhile for you to play this through twice, just to ensure you don’t miss anything. I’m Aaron Fifield, your host of Chat With Traders, and here is this weeks guest from New York City, Dan Shapiro. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Chat with traders is sponsored by Trade the Pool.

0:03.6

Our concerns about limited buying power, insufficient capital,

0:07.3

or fear of losing your own money,

0:09.5

preventing you from advancing your trading capabilities.

0:12.4

Trade the Pool is an online stock trading prop firm

0:15.8

that offers funding for stock traders.

0:18.1

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0:21.0

and keep your profits.

0:22.5

You can engage in intraday trading,

0:24.9

and now swing trading on Trade the Pool.

0:27.8

With any US stock or ETF,

0:30.3

the procedure is straightforward.

0:31.9

Pay in evaluation fee, successfully complete the evaluation,

0:35.8

and get funded.

0:36.8

Visit tradethepool.com forward slash chat to learn more.

0:57.8

Here's your host, Aaron Clayfield.

1:01.8

All right, what's going on guys?

1:09.8

Welcome back to another episode of the Chat with traders podcast,

1:12.8

and this time you're listening into episode number 32.

1:16.8

So let me just say to start this off,

1:18.8

I've actually received a lot of requests for this week's guest

1:22.8

in recent months.

...

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