Uploaded May 2026 | Updated September 2026, 2 weeks ago
đĄJoin our exclusive community and get insider access directly from Jason Shapiro: cclnk.net/yt-fmUZfw
đ§ crowdedmarketreport.com Learn more about Jason and the CMR Community
-------------------------------------------------------------------------
Learn more about Andrew here:
Website: macropillars.com
X: Company https://x.com/MacroPillars
Andrew https://x.com/MacroPillars_
YouTube: youtube.com/@MacroPillars
Email: info@macropillars.com
Every retail trader is chasing a 90% win rate, but how do the most elite hedge funds in the world actually operate?
In this institutional masterclass, 30-year Hedge Fund Manager Jason Shapiro sits down with Andrew Perry, a 40-year market veteran who spent seven years trading at Paul Tudor Jonesâ legendary firm. Andrew breaks down the brutal reality of risk management, exposing why the greatest traders in the world only win about 57% of the time, and why your emotional capacity to handle drawdowns matters more than your chart setup.
Andrew also reveals the 5 Macro Pillars his firm uses to track non-traditional liquidity. He explains why the VIX is a distraction, why the MOVE index is the true signal for global collateral stress, and why current global liquidity is dangerously tight. Jason and Andrew also compare the current AI stock run to the 1999 Dot-Com bubble, and break down exactly how to use COT data as a risk manager rather than a crystal ball.
CHAPTERS:
0:00 - Inside Paul Tudor Jones' Fund: Risk & Discipline
4:30 - The "High Win Rate" Lie: Why elites only win 57% of the time
8:00 - The 2020 Liquidity Explosion (And what we learned)
10:50 - The 5 Macro Pillars: Tracking the real institutional story
11:00 - Forget the VIX: Why the MOVE Index controls the market
14:50 - The 1999 Tech Bubble vs. The 2026 AI Boom
22:20 - Why trading is 90% emotional control
28:00 - The end of Quantitative Easing & Fiscal Dominance
31:30 - The Ags Trade: Shorting energy-dependent countries
47:30 - How to actually use COT Data (Risk Management vs. Prediction)
Watch now as Jason Shapiro provides powerful insights into his unique price action trading strategies and contrarian approach to reading trader positioning charts across the stock market, futures, and currencies. Weâll explore the exact methods Jason usesâas a successful trader and featured Market Wizardâto fade crowded positioning, navigate extreme volatility, and identify high-reward/low-risk opportunities by watching the tape. Learn how to ignore the "fake narratives" and focus on the news failures and positioning data that actually move the needle in todayâs markets.
-------------------------------------------------------------------------
NOT FINANCIAL ADVICE. FOR EDUCATIONAL PURPOSES ONLY Disclaimer: CMR Publishing LLC dba Crowded Market Report (CMR) is a content provider and publisher and is not a registered with the Commodity Futures Trading Commission (CFTC) as a commodity trading advisor (CTA) or in any other capacity. CMR is exempt from registration as a CTA under CFTC Regulation 4.14(a)(9) because CMR does not direct client accounts and does not provide commodity trading advice based on, or tailored to, the commodity interest or cash market positions or other circumstances or characteristics of any particular client.
Jason Shapiro, one of the principals of CMR, is also listed as a principal and is registered as an associated person of JS Trading LLC, a registered CTA and member firm of the National Futures Association. Any materials and information presented through CMR is solely the responsibility of CMR. JS Trading LLC disclaims all responsibility for such materials and information.
By accessing CMR websites and/or using CME products and services, including without limitation any and all content available on or through any platform where CMR posts content, you understand and agree that the material provided in CMR products, services and content is for informational and educational purposes only, and that no mention of a particular commodity futures or other financial instrument in any CMR product, service or service contents a recommendation to buy, sell, or hold that or any other commodity future or other financial instrument, or that any particular commodity future or financial instrument, portfolio of commodity futures or financial instruments, any specific transaction or investment strategy is suitable for any specific person. Remember, the risk of loss in trading commodity futures contracts can be substantial. You should, therefore, carefully consider whether such trading is appropriate for you in light of your circumstances and financial resources.
PAST PERFORMANCE IS NO GUARANTEE OF FUTURES RESULTS
đĄJoin our exclusive community and get insider access directly from Jason Shapiro: cclnk.net/yt-fmUZfw
đ§ crowdedmarketreport.com Learn more about Jason and the CMR Community
-------------------------------------------------------------------------
Learn more about Andrew here:
Website: macropillars.com
X: Company https://x.com/MacroPillars
Andrew https://x.com/MacroPillars_
YouTube: youtube.com/@MacroPillars
Email: info@macropillars.com
Every retail trader is chasing a 90% win rate, but how do the most elite hedge funds in the world actually operate?
In this institutional masterclass, 30-year Hedge Fund Manager Jason Shapiro sits down with Andrew Perry, a 40-year market veteran who spent seven years trading at Paul Tudor Jonesâ legendary firm. Andrew breaks down the brutal reality of risk management, exposing why the greatest traders in the world only win about 57% of the time, and why your emotional capacity to handle drawdowns matters more than your chart setup.
Andrew also reveals the 5 Macro Pillars his firm uses to track non-traditional liquidity. He explains why the VIX is a distraction, why the MOVE index is the true signal for global collateral stress, and why current global liquidity is dangerously tight. Jason and Andrew also compare the current AI stock run to the 1999 Dot-Com bubble, and break down exactly how to use COT data as a risk manager rather than a crystal ball.
CHAPTERS:
0:00 - Inside Paul Tudor Jones' Fund: Risk & Discipline
4:30 - The "High Win Rate" Lie: Why elites only win 57% of the time
8:00 - The 2020 Liquidity Explosion (And what we learned)
10:50 - The 5 Macro Pillars: Tracking the real institutional story
11:00 - Forget the VIX: Why the MOVE Index controls the market
14:50 - The 1999 Tech Bubble vs. The 2026 AI Boom
22:20 - Why trading is 90% emotional control
28:00 - The end of Quantitative Easing & Fiscal Dominance
31:30 - The Ags Trade: Shorting energy-dependent countries
47:30 - How to actually use COT Data (Risk Management vs. Prediction)
Watch now as Jason Shapiro provides powerful insights into his unique price action trading strategies and contrarian approach to reading trader positioning charts across the stock market, futures, and currencies. Weâll explore the exact methods Jason usesâas a successful trader and featured Market Wizardâto fade crowded positioning, navigate extreme volatility, and identify high-reward/low-risk opportunities by watching the tape. Learn how to ignore the "fake narratives" and focus on the news failures and positioning data that actually move the needle in todayâs markets.
-------------------------------------------------------------------------
NOT FINANCIAL ADVICE. FOR EDUCATIONAL PURPOSES ONLY Disclaimer: CMR Publishing LLC dba Crowded Market Report (CMR) is a content provider and publisher and is not a registered with the Commodity Futures Trading Commission (CFTC) as a commodity trading advisor (CTA) or in any other capacity. CMR is exempt from registration as a CTA under CFTC Regulation 4.14(a)(9) because CMR does not direct client accounts and does not provide commodity trading advice based on, or tailored to, the commodity interest or cash market positions or other circumstances or characteristics of any particular client.
Jason Shapiro, one of the principals of CMR, is also listed as a principal and is registered as an associated person of JS Trading LLC, a registered CTA and member firm of the National Futures Association. Any materials and information presented through CMR is solely the responsibility of CMR. JS Trading LLC disclaims all responsibility for such materials and information.
By accessing CMR websites and/or using CME products and services, including without limitation any and all content available on or through any platform where CMR posts content, you understand and agree that the material provided in CMR products, services and content is for informational and educational purposes only, and that no mention of a particular commodity futures or other financial instrument in any CMR product, service or service contents a recommendation to buy, sell, or hold that or any other commodity future or other financial instrument, or that any particular commodity future or financial instrument, portfolio of commodity futures or financial instruments, any specific transaction or investment strategy is suitable for any specific person. Remember, the risk of loss in trading commodity futures contracts can be substantial. You should, therefore, carefully consider whether such trading is appropriate for you in light of your circumstances and financial resources.
PAST PERFORMANCE IS NO GUARANTEE OF FUTURES RESULTS
