Most people think trading success comes from predicting markets. In reality, Jason's multi-decade longevity proves that true consistency comes from deep discipline, strict risk control, and surviving long enough for compounding to work, earning him a featured chapter in Jack Schwager's book, Market Wizards: The Next Generation.
In this conversation, Jason pulls back the curtain on his journey from a remote Northern California commune to the chaotic trading floors of London and Dublin. He breaks down the realities of managing a decaying edge, his framework for identifying raw talent in trainees, and why surrounding yourself with a team of disciplined professionals is the ultimate secret to trading consistency.
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In this episode, we explore:
• How Jason transitioned from an isolated childhood to the chaotic London trading floors
• The hidden edges of the open outcry era and the nature of "elbow trades"
• What Jack Schwager and the Market Wizards team look for when verifying a trader's record
• The structural reality of Jason's risk-reward framework
• Why summer vacations can cause traders to become rusty and lose touch with the market tape
• How to spot decaying market edges through the P&L before they do catastrophic damage
• The core personality traits and tells that separate successful trainees from those who fail
• Jason’s outlook on which traders will survive the next decade of AI and machine learning
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About Jason Berry:
Jason is a professional futures trader, co-founder of Positive Equity, and a featured market wizard in the book, Market Wizards: The Next Generation. Over a career spanning nearly 30 years, Jason has documented a legendary track record of consistency and durability. He has trained well over 200 traders, expanding his operations from Dublin to Croatia while championing a team-driven approach to market mastery.
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Links + Resources:
X (Twitter): https://x.com/JasonHBerry
LinkedIn: https://www.linkedin.com/in/jasonhberry/
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Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com
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Time Stamps:
Please note: Exact times will vary depending on current ads.
00:00 Having Only 5 Losing Months In 14 Years
03:57 Introduction To Trading
10:03 Using Elbow Trades As An Edge
16:51 What Your Risk-Reward Looks Like
20:52 Can You Make A "Mr. Consistency" System?
25:10 What You Possess That Others May Also Have
30:04 Why You Get Rusty When Taking A Summer Vacation
35:14 How Important It Is To Constantly Innovate
38:32 What Traits You Can See In Your Trainees
44:50 The Single Greatest Rule In Trading
51:18 How Do You Scale Positions?
55:12 Which Traders Do You Think Will Survive The Next Decade?
59:44 Trading Euro Stocks
01:03:00 What The Next 30 Years Look Like For You
01:08:25 Have You Had Your Trainees Outperform You?
01:09:25 What Your Advice Is To Traders
01:13:59 Where Can You Find Jason Berry
Trading Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
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