Published in January 9th, 2012
BarroMetrics Views: Wish to See
One of the pitfalls traders face is “seeing what we wish to see”; and often, the market will accommodate us.
Take the S&P last week - the price action had enough signs to satisfy both bull and bear.
We started with the seasonal bullish start on Jan 3. The bulls were clearly in […]
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Published in December 19th, 2011
BarroMetrics Views: Deju Vu
In 1980, I sold my legal practice and turned to full-time trading. At the time, Gold was in a downtrend, and I seemed to pick to go short the precise day when it would correct up for 2 to 3 days. I compounded the loss by stopping and reversing (so from short, […]
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Published in December 6th, 2011
BarroMetrics Views: The Power of Habit
Neurology has shown that conscious decision-making is energy depleting - the more we exercise our reason without a break, the more likely we are to make mistakes, breach discipline etc. Neurology has also shown that activities governed by our subconscious use little energy. It therefore makes sense to train ourselves […]
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Published in November 30th, 2011
BarroMetrics Views: Do What We Know
Dom’s comment today (http://tradingsuccess.com/blog/fulcrum-trader-2130.html#comment-5936) emphasizes again that there are two distinct elements for any success, but especially trading success.
Know what to do
Do what you know
When I did my due diligence on Chris Koozekanani, the feedback was he had something genuine to offer. I took the course and did find […]
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Published in November 17th, 2011
BarroMetrics Views: Plans That Suit III
In this blog, I’ll look to conclude the overview.
The final aspect of creating plans that suit lies with our decision-making process. Research now shows that while most of use exhibit both types of decision-making processes, one tends to predominate. And the processes are:
The Planner: a la Warren Buffet. She tends […]
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Published in November 10th, 2011
BarroMetrics Views; Plans That Suit II
I think this blog is the glue that holds the jig-saw together.
In Singapore and Hong Kong, the Performance Paradigm is:
Performance = Capacity + Knowledge
It follows therefore that the more knowledge we have, the better will be our performance. But this idea is flawed. Success depends on what we know AND […]
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Published in November 9th, 2011
BarroMetrics Views: Plans That Suit
If you read the comments, you’ll know that Paul posed a series of questions on how we determine of a trading approach suits our personality. This is a big topic - I could write a book on the subject. Clearly, I would be unable to do it justice in a blog […]
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Published in October 20th, 2011
BarroMetrics Views: 10Xers
In ‘Great By Choice’, Jim Collins identifies ‘10Xers’ i.e. entrepreneurs who built “enterprises that beat their industry’s averages by at least 10 times”. He found that 10Xers shared certain characteristics. While I have not done formal research, based on my experience, I’d say the same qualities would be found among ’super traders’. Any […]
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Published in October 14th, 2011
BarroMetrics Views: Integrity
My view: integrity is an essential value for a successful trader. For me, ‘integrity’ has 3 meanings (in order of importance):
Walk your talk
Keep your word to others and
Keep your word to yourself.
For us traders, following our plan is the word we must keep to ourselves.
In yesterday’s trading, I had another (costly) opportunity to […]
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Published in October 12th, 2011
BarroMetrics Views: Pattern and Reasons
In the early years, as I struggled to make my mark as a trader, I made certain choices that landed me in front of Dr George Lianos, a consultant psychiatrist-psychotherapist in private practice in Sydney, Australia. I learned much in my ten or so years with George. One idea I found […]
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