I interviewed Steve Cohen, the most successful trader of our era. He offered a rare glimpse into his mental game.
Here’s what I learned: 🧵
Here’s what I learned: 🧵
1) On his morning routine:
Steve gets up around 7 and hangs with his wife.
“I don’t rush out.”
Steve gets up around 7 and hangs with his wife.
“I don’t rush out.”
2) On trading becoming easier:
3) On trading during the worst part of the pandemic:
Steve lit up with excitement talking about March 2020. He loves volatility.
Steve lit up with excitement talking about March 2020. He loves volatility.
4) On the cardinal rules for risk management:
5) On examining his losing trades rather than his winning trades:
6) On the most common mistakes traders make:
“People sabotage themselves. People are afraid of success.”
“People sabotage themselves. People are afraid of success.”
7) On the importance of knowing oneself:
(This is what makes Steve a legend)
(This is what makes Steve a legend)
8) On handling a losing streak:
9) On why he never takes a break from markets:
10) Steve is a great example of somebody with a growth mindset.
He recognized that to keep playing at an elite level he had to change with the times. Markets evolve.
“To continue to succeed we had to morph into something different.”
He recognized that to keep playing at an elite level he had to change with the times. Markets evolve.
“To continue to succeed we had to morph into something different.”
11) On being restless:
12) On why he’s excited about crypto:
“I’m not going to miss this.”
“I’m not going to miss this.”
13) On why trading doesn’t define him anymore:
14) I was searching for what makes Steve an elite performer—I got the answer.
He’s relentless. Doing his own style, evolving to keep playing at a higher level, staying confident despite setbacks, thriving in chaos, continuing to learn and grow, wanting to be the best.
He’s relentless. Doing his own style, evolving to keep playing at a higher level, staying confident despite setbacks, thriving in chaos, continuing to learn and grow, wanting to be the best.
15) Most people don’t realize how difficult it is to play the game he’s playing; at the level he’s playing it, for as long as he has, and stay at the top.
Athletes have a life span of fifteen, maybe twenty years tops. Steve’s been at this for more than forty.
Athletes have a life span of fifteen, maybe twenty years tops. Steve’s been at this for more than forty.
16) Steve Cohen’s appearances on camera are few and far between. Speaking from the heart, as he does here, is even rarer.
Grab a drink and watch the full 45-minute interview now. The link expires in 48 hours. 👇
Hey, markets move fast.
stray-reflections.com
Grab a drink and watch the full 45-minute interview now. The link expires in 48 hours. 👇
Hey, markets move fast.
stray-reflections.com
17) So much of what Steve reveals reflects the ethos of the Stray Reflections community:
Successful investing is only possible with knowledge of oneself.
If you enjoyed this, follow @jsmian for more investing insights.
Successful investing is only possible with knowledge of oneself.
If you enjoyed this, follow @jsmian for more investing insights.
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