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

Пікірлер: 121

  • @TraderLion
    @TraderLionАй бұрын

    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
    @panagenesis26954 ай бұрын

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

  • @RichardMoglen

    @RichardMoglen

    4 ай бұрын

    No problem! Enjoy

  • @Lugenfabrik

    @Lugenfabrik

    3 ай бұрын

    Fr this guy is cool.

  • @cambelljohn4577
    @cambelljohn45774 ай бұрын

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

  • @RichardMoglen
    @RichardMoglen4 ай бұрын

    Great discussion with Jon about the most important aspects of Trading

  • @Lugenfabrik
    @Lugenfabrik3 ай бұрын

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

  • @MatasDilpsas

    @MatasDilpsas

    3 ай бұрын

    Haha, was thinking the same all the time!

  • @TraderLion

    @TraderLion

    3 ай бұрын

    lol

  • @TraderLion
    @TraderLion4 ай бұрын

    🕰 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
    @ps78574 ай бұрын

    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
    @gloriajaimesa28113 ай бұрын

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

  • @oscarsanz03
    @oscarsanz034 ай бұрын

    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
    @jasonenyart12623 ай бұрын

    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

    @TraderLion

    3 ай бұрын

    Awesome takeaway from this Jason!

  • @sergeym2274
    @sergeym22743 ай бұрын

    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

    @TraderLion

    3 ай бұрын

    Thanks!

  • @Walker3516
    @Walker35164 ай бұрын

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

  • @TraderLion

    @TraderLion

    4 ай бұрын

    Great to hear it!

  • @alphabeta8403
    @alphabeta84033 ай бұрын

    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

    @TraderLion

    3 ай бұрын

    Thank you

  • @AnkurKhandelwal-uj6yj
    @AnkurKhandelwal-uj6yj2 ай бұрын

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

  • @walkenthedog
    @walkenthedog4 ай бұрын

    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

    @TraderLion

    24 күн бұрын

    Great to hear!

  • @fooling6373
    @fooling63734 ай бұрын

    Hit it out of the park. Well done

  • @gemueseackerlongonly
    @gemueseackerlongonly4 ай бұрын

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

  • @TraderLion

    @TraderLion

    4 ай бұрын

    Our pleasure!

  • @MrTsatia
    @MrTsatia4 ай бұрын

    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

    @TraderLion

    3 ай бұрын

    Will do

  • @doom014
    @doom0144 ай бұрын

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

  • @TraderLion

    @TraderLion

    4 ай бұрын

    Glad you enjoyed it!

  • @arashb55
    @arashb554 ай бұрын

    This was fantastic! Thank you Jon and Richard!

  • @TraderLion

    @TraderLion

    3 ай бұрын

    Thanks!!

  • @augustohofmann7286
    @augustohofmann72863 ай бұрын

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

  • @TraderLion

    @TraderLion

    3 ай бұрын

    Thanks!

  • @frecat71
    @frecat714 ай бұрын

    Thank you guys! Amazing valu!

  • @mikeyvu4571
    @mikeyvu45713 ай бұрын

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

  • @TraderLion

    @TraderLion

    3 ай бұрын

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

  • @josephpgreene
    @josephpgreene3 ай бұрын

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

  • @TraderLion

    @TraderLion

    3 ай бұрын

    Glad you enjoyed it!

  • @tedpappas1559
    @tedpappas15594 ай бұрын

    Great interview, thanks Jon and Richard much appreciated.

  • @TraderLion

    @TraderLion

    4 ай бұрын

    Glad you enjoyed it! Thanks Ted

  • @JESS-CH
    @JESS-CH3 ай бұрын

    Phenomenal interview, thanks for sharing Jon. 🔥

  • @TraderLion

    @TraderLion

    3 ай бұрын

    Thanks for watching!

  • @Sandberm
    @Sandberm4 ай бұрын

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

  • @TraderLion

    @TraderLion

    4 ай бұрын

    Awesome to hear that!

  • @DylanSmith-lz3qt
    @DylanSmith-lz3qt3 ай бұрын

    Super good interview...I was glued

  • @TraderLion

    @TraderLion

    3 ай бұрын

    Glad you enjoyed it!

  • @coop1247
    @coop12473 ай бұрын

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

  • @TraderLion

    @TraderLion

    3 ай бұрын

    Thanks for listening

  • @EMan-cu5zo
    @EMan-cu5zo3 ай бұрын

    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.

  • @discoculture3928
    @discoculture39283 ай бұрын

    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

    @TraderLion

    3 ай бұрын

    Infinite incremental improvement

  • @khodler5551
    @khodler55513 ай бұрын

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

  • @TraderLion

    @TraderLion

    3 ай бұрын

    Definitely

  • @3lions9
    @3lions93 ай бұрын

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

  • @TraderLion

    @TraderLion

    24 күн бұрын

    Thanks for watching :)

  • @NickDrendel
    @NickDrendel3 ай бұрын

    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

    @TraderLion

    3 ай бұрын

    100%

  • @Macherjay12

    @Macherjay12

    3 ай бұрын

    It's literally the hardest thing to get over

  • @icesycle2262
    @icesycle22623 ай бұрын

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

  • @TraderLion

    @TraderLion

    3 ай бұрын

    100%

  • @michaels-h5539
    @michaels-h55393 ай бұрын

    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.

  • @chrisconti7916
    @chrisconti79164 ай бұрын

    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

    @TraderLion

    3 ай бұрын

    Glad you enjoyed it Chris!

  • @PE-TX
    @PE-TX4 ай бұрын

    A seasoned and successful trader giving great advice! Thanks!

  • @TraderLion

    @TraderLion

    4 ай бұрын

    Our pleasure!

  • @DylanSmith-lz3qt
    @DylanSmith-lz3qt3 ай бұрын

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

  • @TraderLion

    @TraderLion

    3 ай бұрын

    100%

  • @travelaus1
    @travelaus14 ай бұрын

    This was a great interview!

  • @TraderLion

    @TraderLion

    3 ай бұрын

    Thanks!

  • @sebainccp
    @sebainccp3 ай бұрын

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

  • @TraderLion

    @TraderLion

    3 ай бұрын

    These are 100% free, enjoy

  • @dkct2010
    @dkct20104 ай бұрын

    very good stuff thanks

  • @TraderLion

    @TraderLion

    4 ай бұрын

    You bet!

  • @Wizziam2442
    @Wizziam24423 ай бұрын

    Wow. What a great interview!

  • @TraderLion

    @TraderLion

    3 ай бұрын

    Thanks

  • @pedropablopimientaperez96
    @pedropablopimientaperez969 күн бұрын

    I like his thought process, makes a lot of sense to me!great talk guys!

  • @TraderLion

    @TraderLion

    5 күн бұрын

    Jon always fires us up when he presents. No BS just the truth!

  • @jefflane4264
    @jefflane42643 ай бұрын

    Fantastic interview!

  • @TraderLion

    @TraderLion

    3 ай бұрын

    Glad you enjoyed it!

  • @rolodex3452
    @rolodex34523 ай бұрын

    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.

  • @Skeeterz71
    @Skeeterz713 ай бұрын

    Everything he said about watching every tick applies to me!

  • @TraderLion

    @TraderLion

    3 ай бұрын

    🙌

  • @Puffintrading
    @Puffintrading3 ай бұрын

    Great chat 🎉

  • @TraderLion

    @TraderLion

    3 ай бұрын

    Yes it was

  • @gf5050
    @gf50503 ай бұрын

    Very informative interview

  • @TraderLion

    @TraderLion

    3 ай бұрын

    Glad you enjoyed it!

  • @CHRupasinghe
    @CHRupasinghe4 ай бұрын

    good one, thanks guys...

  • @TraderLion

    @TraderLion

    4 ай бұрын

    Our pleasure!

  • @buckzee289
    @buckzee2894 ай бұрын

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

  • @TraderLion

    @TraderLion

    24 күн бұрын

    As long as you could hear him!

  • @danielfmyers
    @danielfmyers4 ай бұрын

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

  • @TraderLion

    @TraderLion

    24 күн бұрын

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

  • @GURUKUL070
    @GURUKUL0704 ай бұрын

    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.

  • @somethingclever1234
    @somethingclever12344 ай бұрын

    Wow, good information

  • @TraderLion

    @TraderLion

    4 ай бұрын

    Thanks for watching!

  • @mikeyguevara2030
    @mikeyguevara20304 ай бұрын

    One of my favorites. YUGE

  • @TraderLion

    @TraderLion

    3 ай бұрын

    Awesome!!!

  • @mikeyvu4571
    @mikeyvu45713 ай бұрын

    Very good podcast

  • @TraderLion

    @TraderLion

    3 ай бұрын

    Thanks for listening!

  • @mocazilla8710
    @mocazilla87104 ай бұрын

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

  • @TraderLion

    @TraderLion

    4 ай бұрын

    Glad you are finding it valuable!

  • @michaelmaran4473
    @michaelmaran44734 ай бұрын

    When was this filmed @traderlion?

  • @TraderLion

    @TraderLion

    4 ай бұрын

    This was back during our 2023 Summer Conference

  • @michaelmaran4473

    @michaelmaran4473

    2 ай бұрын

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

  • @JB-mw7zt
    @JB-mw7zt4 ай бұрын

    Very good

  • @TraderLion

    @TraderLion

    4 ай бұрын

    Thanks!

  • @dragonflydreamer7658
    @dragonflydreamer76584 ай бұрын

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

  • @JoesInvestmentExpress
    @JoesInvestmentExpress3 ай бұрын

    Anyone trading million dollar blocks has my attention!

  • @TraderLion

    @TraderLion

    3 ай бұрын

    Brody trades big

  • @bongumusakowa5452
    @bongumusakowa54524 ай бұрын

  • @TraderLion

    @TraderLion

    24 күн бұрын

    💙

  • @sraychaudhuri6829
    @sraychaudhuri68293 ай бұрын

    Pray for India

  • @TraderLion

    @TraderLion

    3 ай бұрын

    🇮🇳

  • @niagaradonnie
    @niagaradonnie3 ай бұрын

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

  • @TraderLion

    @TraderLion

    3 ай бұрын

    Verified

  • @nvda2damoon
    @nvda2damoon3 ай бұрын

    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
    @adityapawar7800Ай бұрын

    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

    @TraderLion

    Ай бұрын

    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.