This episode is about Paul Tudor Jones — the hedge fund legend who turned defense into an art form.

He’s best known for predicting the 1987 crash and returning over 200% that year — but the real lesson from Jones isn’t how he made money, it’s how he kept it.

What to expect in this episode:

• How a boxer’s discipline became a trader’s edge
• Why he says: “Don’t focus on making money. Focus on protecting what you have.”
• The moral foundation from his Memphis upbringing that shaped his risk mindset
• Lessons from Eli Tullis — the mentor who taught him composure under fire
• The decision to quit a lucrative brokerage job because it “lacked accountability”
• His 10% monthly drawdown rule — and why it keeps him in the game
• The power of humility: “Every day, I assume every position I have is wrong.”
• How he turned the 1987 crash into his defining moment
• Why generosity and gratitude are essential to staying balanced in markets
• The timeless truth: great trading is not about being right — it’s about not dying.

Books & Resources Mentioned:

• Market Wizards by Jack D. Schwager
• Trading In The Zone by Jack Schwager

Follow the Show:
→ X: @TradersShow
→ Website: traders.show

If this episode helped you think more like a survivor than a speculator, share it with one friend who loves markets, history, or the craft of staying alive in the game.

This episode is about Jesse Livermore. The most legendary trader who ever lived, and the man behind Reminiscences of a Stock Operator.

He made $100 million shorting the 1929 crash (about $1.9 billion today), yet died broke just a decade later.
Livermore’s life reads like a novel: ambition, obsession, and lessons written in blood.

What to expect in this episode:

• How Livermore discovered technical analysis before it even had a name
• The boy who ran away at 14 to chase numbers on a ticker tape
• Why he said: “The market does not beat them. They beat themselves.”
• How he made his first fortune shorting the 1907 Panic — and his biggest one in 1929
• The deadly enemies of every trader: ignorance, greed, fear, and hope
• His rule for sitting tight — and why it’s harder than being right
• How obsession turned from his greatest strength into his undoing
• Why the game teaches you the game… and then breaks you

“It never was my thinking that made the big money for me. It always was my sitting.” — Jesse Livermore

Books Mentioned:

• Reminiscences of a Stock Operator by Edwin Lefèvre
• How to Trade in Stocks by Jesse Livermore

Follow the Show:
→ X (Twitter): @TradersShow
→ Website: traders.show

If you got value from this episode share it with one friend who loves markets, history, or human psychology.