October 29, 1929. By the closing bell, $14 billion in wealth had evaporated from the New York Stock Exchange — more than the United States had spent fighting World War I. The ticker tape ran so far behind reality that traders didn't know they were ruined until hours after they already were. And the crash that followed didn't just end a bull market. It ended a decade, a worldview, and — for millions of Americans — a way of life.

In this episode of Market Mayhem, we trace the 1929 Wall Street Crash from the dizzy heights of the Roaring Twenties to the silent horror of Black Tuesday. We look at how margin lending let ordinary people borrow 90% of their stock's value, why shoeshine boys giving stock tips should have been a warning, how the panic cascaded through Black Thursday into the worst week in market history, and what it all meant for the human cost that

followed: bank runs, bread lines, and a Great Depression that lasted a decade.

We also follow the arc of Jesse Livermore, the legendary trader who

shorted the crash and walked away with $100 million in 1929 dollars, and who, within a few years, had lost it all and taken his own life. His story is a warning inside a warning.

The 1929 crash is the archetype. Every bubble since , 1987, 2000, 2008,

2022 — is a variation on the same pattern. The mechanics change. The psychology does not.

We close with the Mind · Method · Money lessons every modern trader needs

to carry forward from Black Tuesday.

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IN THIS EPISODE

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- How 10% margin turned the 1920s into a leveraged casino

- Why Irving Fisher said stocks had reached "a permanently high plateau"

— nine days before the crash

- The bankers' rescue that worked for three days, then didn't

- Jesse Livermore's $100 million short — and why money didn't save him

- What 1929 teaches you about leverage, crowds, and knowing when to stop

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NEXT WEEK

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Silver Thursday and the Hunt Brothers — how two Texan billionaires tried

to corner the entire world's silver supply, and what happened when the

exchange changed the rules on them.

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FREE M·M·M ASSESSMENT

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completetradersedge.com/assessment

📘 The book: The Complete Trader's Edge — available on Amazon (Kindle, paperback, full colour, and journal editions).

Market Mayhem is a Complete Trader's Edge production. Hosted by Louw van Riet.

You've been told that serious traders watch markets all day. More screen time, more profit. Ed Seykota spent under an hour a day on markets and turned $5,000 into $15 million over 12 years.

In this episode we break down the screen time obsession using decision fatigue research, a Journal of Finance study tracking 700+ traders, and the story of the man who built one of the first computerised trading systems and then deliberately stopped watching it.

The market doesn't reward your presence. It rewards your system. Episode 2 of Money Myths: Lies Traders Believe.

Find the full framework at completetradersedge.com. Free Mind, Method, Money Assessment at completetradersedge.com/assessment.

Everyone told you to aim for 70% win rate. If you win more trades than you lose, the money takes care of itself. Right?

Wrong. And the math proves it.

In this episode we break down the single most dangerous belief in retail trading — the win rate obsession — and show you why Richard Dennis built a $100 million system that was wrong more than half the time.

You'll learn:→ Why win rate alone tells you almost nothing about profitability→ The expectancy formula that actually determines if a system makes money→ How Richard Dennis trained 23 people in 2 weeks and generated $100M+ with a 38% win rate→ The 3 principles that replace the win rate myth for good

The number that matters isn't how often you're right. It's how much you make when you are — and how fast you get out when you're not.

🎙 Money Myths: Lies Traders Believe — one myth destroyed per episode, with the real trader who proved it wrong.

─────────────────────────────────────📊 Free Mind · Method · Money Assessmentcompletetradersedge.com/assessment

📖 The Complete Trader's Edge — now on Amazoncompletetradersedge.com/the-book/─────────────────────────────────────

🎧 Also available on:Spotify → open.spotify.com/show/1XYSvTHov5U6AzhsKV2CenApple Podcasts → Search "The Complete Trader's Edge"Amazon Music → Search "Money Myths"

─────────────────────────────────────⏱ TIMESTAMPS0:00 The Trader With a 64% Win Rate — Losing Money1:00 Where the 70% Rule Comes From2:30 The Expectancy Formula (the math nobody shows you)5:00 Richard Dennis and the Turtle Traders — Chicago, 19839:00 What's Actually True About Win Rate11:30 The Money Pillar Connection13:30 The Verdict

─────────────────────────────────────📌 NEXT EPISODEEP02: The Screen Time Trap — Ed Seykota made $15M on under an hour a day. More charts ≠ more profit.

#trading #tradingpsychology #daytrading #winrate #richarddennis #turtletraders #forex #stockmarket #tradingtips #completetradersedge