Published in April 25th, 2012
BarroMetrics Views: Trading Mistakes
I concluded a Habits of Success Class last week. As is my wont, I make post seminar notes on the participants - perceived strengths, weaknesses, likelihood of their future success etc. I also look to identify the perceived ’single most important stumbling block’. This exercise allows me to expand my own skills.
Given […]
continue reading.....
Published in February 16th, 2012
BarroMetrics Views: Trading Success III
( Continuing with what is required for expertise)
Time
There are two aspects to this:
One aspect, is how much time do we need to internalize the skills needed to become an expert?
Ericsson suggests at least 10,000 hours; others suggest half that. Irrespective of the numbers, some period of extensive training is necessary. So […]
continue reading.....
Published in February 15th, 2012
BarroMetrics Views: Trading Success II
There is serendipity in the world.”Trading Success” invoked a number of emails asking what would be the best way to learn for long-term success. In a number of blogs, I presented the model of learning I call The Coyle Method(e.g. http://tradingsuccess.com/blog/a-better-way-to-learn-1288.html; if you do a search for the Coyle Method, most […]
continue reading.....
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 […]
continue reading.....
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, […]
continue reading.....
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 […]
continue reading.....
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 […]
continue reading.....
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 […]
continue reading.....
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 […]
continue reading.....
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 […]
continue reading.....
