Against All Odds Research

Against All Odds Research

Failure Is the Advantage

Jason Perz's avatar
Jason Perz
Dec 24, 2025
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There’s a Japanese proverb people like to quote:

“Nanakorobi Yaoki” — fall seven times, stand up eight.

That’s not how riding bikes works.

Riding bikes is fall one hundred times, break yourself, wait six months to heal, relearn how to ride from scratch, then fall another hundred times until one day it finally clicks.

That process hard wired how I look at everything in my life — especially trading.

I’m not afraid of failure.
I’m afraid of not trying.

You only grow by trying. By being vulnerable. By putting your entire heart and soul into something. By failing. Then standing in front of the mirror and saying, “I have to be better,” and trying again.

That loop never ends.


One of the first real compliments I ever got as a trader came from someone I deeply respected. He knew my background as a BMX rider and said:

“Jason, you heal quickly. You’re going to be a great trader.”

At the time, I didn’t understand it. I thought my past had nothing to do with trading. I was just a wild kid who rode bikes too hard and crashed too often.

What I didn’t realize yet was that healing quickly is the edge.


I know I’m wired differently.

When most people say they do something because they enjoy it, I understand that — but for me, it’s deeper. I don’t just enjoy certain things. I need them.

I’m 40 years old and I still work out every single day. Not because I want to. Because I have to. My motor runs hot. It always has.

And because of that, I’m not afraid to fail.

I’ll be back tomorrow.
And the next day.
And the next.

Until I figure it out.


The early years of trading were a disaster for me. Just like they are for most people who actually stick around long enough to find out if they have what it takes.

I blew up accounts. I overtraded. I chased. I forced things. I paid tuition the hard way.

But I healed quickly.

And every time I healed, I got better.

That’s the part people miss.

Failure doesn’t break traders. Unprocessed failure does.


This year tested that belief again.

I got a diagnosis I never wanted to hear. I spent most of the year in treatment and therapy. For some people, that would feel like failure — wishing you had done something differently, wishing you were someone else.

What I’ve learned over time is this:

Anything could happen to me, and I still wouldn’t want to be anyone else.

Injuries.
Addiction.
Health problems.
Trading failures.

Who the fuck else would I rather be?

Because everything I’ve been through built the one thing that matters in this game: resilience.


When I zoom out and look at my worst days — months in a hospital bed with tubes everywhere, detoxing in jail, family members dying, blowing up accounts multiple times, being a suicidal teenager, staring at screens wondering if I was cut out for this — I always come back to the same truth:

I built this monster.
And I’ll keep fighting.

That’s trading.

You don’t win because you’re smarter.
You don’t win because you’re faster.
You don’t win because you avoid pain.

You win because you don’t stop.


Failure isn’t a signal to quit.
It’s feedback.

Losses aren’t proof you don’t belong.
They’re proof you’re actually in the arena.

You cannot be stopped if you keep going.

Keep going.

I’m rooting for every one of you.

Let’s close out 2025 with a bang next week.


🔹 Futures: Macro Multi Strategy Portfolio (Leverage)

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