Chat With Traders · Ian Cox and Tessa Dao

Battling Irrational Markets and the Battle Within

November 29, 2025·1 hr 29 min·7 clips

Vincent calls the 2025 rally 'the stupidest market' he's ever seen and explains exactly why it can't last.

The setup is blunt and practical. A trader walks through the damage that comes from fighting the market, chasing rebounds, and getting in before the market has confirmed the idea. The lesson is not glamorous, which is probably why it works. The guest separates trades that can be defended from trades that are mostly emotion by asking whether the daily chart, moving averages, technical indicators, and relative strength all back the position. SPY becomes the market proxy. That keeps the advice tied to process: the trade has to show strength against the broader market before it deserves capital. Front running gets treated as an expensive habit. The guest says fear of missing out pushes traders to buy too early, especially when they want the first part of a move. Missing some of the move is fine. The bigger risk is eating false starts because the entry came before confirmation. The moving average example is easy to picture. If a stock breaks through an SMA, the conservative move is to wait for it to close above that line, or even open above it the next day. That patience costs something. A trader may miss a big early chunk, but the trade is easier to defend and less dependent on hope. Institutions are handled without drama. Large players may capture most of a move, while individual traders can still build a living from the smaller piece left behind. The psychology thread matters just as much. The host admits he broke rules, including trading without a stop despite knowing better, and that turns the episode from chart talk into discipline talk. Rules only matter when they are actually followed. The close stays there, with the guest describing messages from traders trying to move past a gambling impulse and rebuild discipline.

As heard by us

A blunt reminder to wait for confirmation and let some of the move go.

It centers on trading discipline: wait for confirmation before committing capital, even when a setup starts to look tempting. The guest keeps coming back to stops, closing above the SMA, and filtering for trades that sit above their SMAs, above technical indicators, and stronger…

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Why you'd press play

If your worst trading enemy is your own impulse, this conversation goes right at it.

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