Trading Psychology Lessons From a Pot-Stock Boom and Bust

Jesse, who trades under the name Psycho on Wall St., built his early reputation on the rapid rise and fall of marijuana stocks in traditional markets. He describes a run that pushed his gains to roughly half a million dollars, only for most of that money to disappear as the sector cooled. By his account, that whipsaw was the most expensive lesson of his career and the foundation for how he trades today.

In this episode of Ledger Cast, host Brian Krogsgard follows Jesse's path from equities into crypto, where he now trades full time. The conversation focuses less on hot picks and more on process: how he structures a strategy, how he resists the pull to chase momentum, and why emotional discipline often decides which traders survive a drawdown.

Market psychology gets significant airtime. Jesse argues that the biggest problem for most traders is not a shortage of chart knowledge but a set of predictable behaviors under pressure, such as trading more after a loss or holding a losing position in the hope it recovers. Spotting those habits in yourself, he suggests, is the first step toward changing them.

Listeners who want the full pot-stock story can find it in Jesse's interview on Chat With Traders. Krogsgard gives only a brief recap on the podcast and spends most of the time on the crypto chapter.

The episode is sponsored by The Ocean, a wallet-to-wallet ERC20 trading platform that was taking pre-registrations for its token airdrop. Krogsgard stresses that the show is educational material and not investment advice, and that listeners should always do their own research before buying any asset.