Co-founded Positive Equity in 2008. Built alongside partners and traders who raised the bar. Still here. Risk first. Ego last.
Europe
Joined February 2026
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One of my great trainees has hit a hard patch. Time to get back to core trades. I told him, make a list of his best most consistent trades and only trade those on minimum size til he is back on track.
If you don’t have core consistent trades, you have a different problem.
How do you get a trader to stick to the proper process they know is the secret sauce of becoming successful?
You don’t. You say it once, they still don’t follow process, you let them go.
Discipline in process is as important as discipline in risk management.
My trainees are struggling to contain losses on certain trades.
My advice: you need to know which trades you can take and which ones you shouldnt take. As Brent Donnelly says: admit what you don’t know and put some trades in the “too hard pile.”
Know which trades arent for you
Keep it simple stupid
A trader came to me with excuses about how he can’t get his end of month trades to be analysis automated. Hey trader: KISS: take your written daily report of trades and ai or manually drop into excel every day at end of day. Monthly analysis ready each day
Sitting down with traders and trainees after a long summer
The people who need the strongest corrections are almost always underperforming in their process: poor analysis, low trade frequency, low screen time, low work rate and effort, and poor innovation
Good process = results
What’s been going on this summer?! I come back from vacay and can borrow money at cheaper rates than the US govt.
Quality advice for new and old traders
Principles of Great Traders is now available on Audible. Amazon and Apple to follow soon. audible.com/pd/Principles-of…
Vacay mode. Only trading my best setups. Hit rate has skyrocketed, almost no losers. Less work, more pay. Awesome!
Do this all the time? Nope. Trading the lower % stuff is how I find the great stuff.
Low work, high results? Fuggetaboutit. Hard work makes the dream work.
Folks ask how I deal w/down days: 1 down day: annoyed, but if I followed process I ignore. If I broke it, I’m pissed. 2 down days: I pay attention. 3 down days: “my career is over”—full battle stations. Risk down. Size down. Best trades only. Find leaks, fix them til I’m back.
Serious traders of all types and sizes should get a copy.
@donnelly_brent Nice job spoiling all our secrets. Thanks a lot. 🤬😜
My new book is out!
TRADE OUTSIDE THE BOX: Advanced Thinking for Professional Traders
Go beyond fundamentals and technicals and use second-order thinking, poker strategy, clinical psychology, AI, LLMs, and a better understanding of ergodicity, narrative contagion, the multiverse and much, much, much more.
If you think like everyone else, you will perform like everyone else.
I’ll give you one more @TheOneLanceB
How to succeed at trading:
Trust your trainees who are beginner traders to be wrong at the start and trade the opposite. When they say they are in, you exit. When they say they are out, you enter. Simples.
Some days you think you had a great day, then find out your peers made 5x what you did
Other days you think you had a terrible day, then find out everyone else got killed
Performance is relative. Judge yourself on how well you executed your process in the market you were given
Trading can look like an individual pursuit, but nobody gets here alone. I’m grateful to everyone @Positive_Equity past & present, who has been part of the journey. Thanks to @averydaytrading and Chat With Traders crew for having me on. I hope listeners find nuggets they can use.
NEW EPISODE 326📢 This Market Wizard Only Had 5 Losing Months in 14 Years... Here's How | Jason Berry
From starting as a floor clerk learning the ropes in the final years of open outcry to nearly three decades of elite futures trading. @JasonHBerry breaks down his single greatest rule for cutting losers, how to navigate vacation rust, and why you must constantly innovate your edge. 🎙️ @averydaytrading
chatwithtraders.com/episode/…
Sounds familiar. Maybe there’s a connection between chopping wood and chopping losers?
He grew up completely off the grid on a California mountain before becoming a legendary prop trader with only 5 losing months over a 14-year period. Known as "Mr. Consistency," he is a multi-decade futures market veteran featured in the Market Wizards series who has trained over 200 traders.
Can you guess the trader?
Full episode drops Jun 24 (EDT). Stay tuned!
Amen boss. I’d add curious and in control of your emotions as well.
Stock Market Wizards Quotes (66/117)
The same qualities that make you a successful person in whatever you’re doing are going to make you successful in trading. You have to be very decisive, extremely disciplined, relatively smart, and above all, totally independent.
Steve Lescarbeau
bit.ly/4mkVwmg
Jason Berry | MrConsistency retweeted
Stock Market Wizards Quotes (66/117)
The same qualities that make you a successful person in whatever you’re doing are going to make you successful in trading. You have to be very decisive, extremely disciplined, relatively smart, and above all, totally independent.
Steve Lescarbeau
bit.ly/4mkVwmg
Thanks Jack. I spent 25 years trying to become a great trader and accidentally became an expert at admitting I was wrong :-)
I got out of my losers. I didn't hope. I didn't get attached to anything. - Jason Berry @JasonHBerry 7/n lnk.to/marketwizardsnextgene…
