Random Thoughts

BarroMetrics Views: Random Thoughts

I got back from Singapore yesterday after conducting a 2-day seminar there. The seminar was part of the 3-month curriculum to do all I can to:

  1. ensure attendees effect the behavioural change that 
  2. results in the attainment of their trading goals. 

Early days yet, but if the 2-day response is anything to go by, we are on-track to achieving my goal. 

Turning to my random thoughts…..

Event 1: It is interesting that in one-week I received two separate posts from the partners of full-time traders. Both were seeking to meet in Singapore, interestingly enough neither picked up the phone to arrange the meeting.

Chrisy, my wife, and I feel for them. On the one hand, it’s very hard to be supportive when all that your spouse does is throw your hard-earned dollars out the window – you see him blowing the account, time after time after time. On the other, as a spouse we feel it to be an integral part of the marriage contract to provide the support our spouse needs to pull him through the hard times.

Added to that is the question of:  what words and actions can I provide to help him through the crisis?

Not an easy question to answer. Perhaps someone should start a ‘support group for long-suffering’ spouses?

Event 2:  The S&P had two consecutive trend day’s down. This raises the possibility that the belief in the FED is at an inflection point? More next week on this.

In this regard there are three macro events worth noting:

  1. The FED’s implication that QE is here to stay.
  2. The Russian invasion of Ukraine as a ‘when’ not ‘if’ question.
  3. The Chinese slowdown.

5 thoughts on “Random Thoughts”

  1. Apostle Paul wrote:

    1Co 13:4 Love is patient, love is kind and is not jealous; love does not brag and is not arrogant,
    1Co 13:5 does not act unbecomingly; it does not seek its own, is not provoked, does not take into account a wrong suffered,
    1Co 13:6 does not rejoice in unrighteousness, but rejoices with the truth;
    1Co 13:7 bears all things, believes all things, hopes all things, endures all things.
    1Co 13:8 Love never fails;

    ___

    Your wife has shown that love for you, while you were still struggling with trading many year ago:
    She
    “bears all things,
    believes all things,
    hopes all things, endures all things” for you!

  2. In year 2011, I attended HOS. During the week, my friend’s (who attended 2010 HOS)brother’s son was killed in a road accident in Sabah.

    She and her family members were devastated, crying and crying.

    Her elder sister flew to Sabah immediately.

    Question:
    How to help her brother?

    I helped them by forwarding an article for them to read.

    In this article, it mentioned that family members whose loved ones have been killed were upset when someone who tried to console them by saying:
    “I understand …”

    A mother whose 2 children were killed in accident said, unless you have the experience of what she went through, you would never “understand” her!

    ___

    Many a time, the best we could do is just being with that person, without saying a word.
    But let them know that you are with him/her.

    But Chrisy could do one more thing, by saying to the partners of the full-time traders:
    “I understand ….”!

  3. Changing Your Self: Why Change is So Difficult
    http://traderfeed.blogspot.co.uk/2014/03/changing-your-self-why-change-is-so.html

    “….people long to make changes and still can’t sustain change because they have other, hidden commitments…”
    – May the the partners of the 2 full-time traders not causing them to have hidden commitment:
    1. To please their partners
    2. To prove to their partners that they are successful traders
    3. To take more risks or increase the levarage to cover the previous losses …

  4. Hi Paul

    Yes agreed.

    Humans have a myriad of reasons for want they do and want to do. They also have a desire to look appear successful (good) in front of people they love and/or respect.

    As a result, they tend to hide their poor results.

    In trading this is a major no-no. Once we pretend that our results are anything other than what they are, we lose an opportunity to learn.

    I hate admitting I am having a losing month or series of losing months (ebb phase); but I have learned that by doing so, it helps me manage the losing streak.

    So too with our newbie traders. They have to admit that they are the author of their losses and take steps to remedy the problem.

    A supportive partner is very helpful because they are willing to listen. Their willingness provides a platform for us to face the truth.

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