What makes a great trader - with Jason McDonald - ITPM senior trading mentor

In the fast-paced world of finance, where fortunes are made and lost in the blink of an eye, experience is the greatest teacher. Meet Jason McDonald, senior trading mentor at ITPM (Anton Kreil's Institute of Trading and Portfolio Management), a seasoned trader with a career spanning from the heydays of proprietary trading at banks to managing portfolios at hedge funds. But his journey didn't end there. Since 2009, he's been on a personal trading odyssey, while also serving as a mentor at the Institute, guiding aspiring traders through the tumultuous seas of the market.

"The market is still teaching me lessons, believe it or not," Jason chuckles. From the aftermath of the pound's exit from the exchange rate mechanism to the dotcom boom and bust, he's weathered countless cycles. And now, with the unprecedented measures taken by central banks globally, the future remains uncertain.

But amidst the chaos, Jason remains grounded in reality. He emphasizes the importance of understanding that perfection is a myth in trading. Even the best traders only get around 55-60% of their calls right. It's not about avoiding losses altogether; it's about managing them effectively and constructing a resilient portfolio.

"Psychologically, loss-making is much more damaging than profits," he explains. It's a reality every trader must face. Jason has developed strict risk management protocols over the years, allowing him to exit trades without emotion when necessary.

So, what does it take to succeed in trading? According to Jason, self-awareness is key. Knowing your strengths and weaknesses is crucial because, in the unforgiving landscape of the market, ignorance is costly. Tenacity and stress management are also vital. In trading, timing isn't everything, but perseverance is.

Yet, amidst the drive for success, Jason cautions against drowning in noise. Discerning between crucial information and irrelevant chatter is essential for making informed decisions.

As Jason shares his insights, he recalls one of his most lucrative trades—a long-term venture that yielded substantial returns. It's a testament to the patience and strategy required to thrive in the markets.

But Jason's mission extends beyond personal success. Through the Institute of Trading and Portfolio Management, he helps to empower the next generation of traders.

ITPM, established by Anton Kreil, is offering comprehensive courses and personalized mentoring, that equip aspiring professionals with the tools they need to navigate the complexities of the financial world.

"It's about setting yourself apart," Jason remarks. With a track record of success and a deep understanding of the industry, that you can gain by completing ITPM's courses, aspiring traders can enter interviews as peers, not just candidates.

To become one of the institute traders, and set yourself apart, by becoming one of the very few profitable retail traders, check out Anton Kreil's ITPM's course offerings. By purchasing through this website, you will be able to receive up to 50% discount on the best trading education available to retail traders.