Published in February 14th, 2011
BarroMetrics Views: Winning Psychology
This is a huge area. Dr Brett Steenbarger devoted his excellent blog to this subject for many years; Denise Shull and Nazy Massoud have excellent courses devoted to it. Clearly, I shall be unable to give D a comprehensive answer to his question.
And when I did a mindmap for this blog, the […]
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Published in February 2nd, 2011
BarroMetrics Views: A Game of Pretence
Let’s play a game of pretence: let’s pretend we went short the AUDUSD and on being stopped out, we wanted to go long but decided not to; and let’s pretend we also wanted to go short the S&P and decided not to.
Now yesterday, the AUDUSD had one of the largest […]
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Published in January 26th, 2011
BarroMetrics Views: Tracking The Quality of Our Trades
In the comments section today, D asked how do I track the quality of my trades.
My answer…
I keep two types of journals:
a qualitative journal - my ‘psyche’ journal. This journal has 3 aims:
to identify patterns of success and failure in my qualitative environment. For example, if I have […]
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Published in January 21st, 2011
BarroMetrics Views: Hubris & The Trader:
Unlike any other profession, in trading, a misstep can cost us dearly. Just the other day, that was again brought home to me and in no uncertain terms.
For my personal trading and large fund, last year was the best year I had since I started managing funds in 1990. The […]
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Published in December 21st, 2010
BarroMetrics Views: Trading Success: A Learned Skill
“I don’t learn that way! Just tell me and I’ll remember it!!”
Clearly I was pushing my nephew, Ari, way past his comfort zone. He was no longer hearing my words but instead his whole focus was on the discomfort he was feeling.
This was last Saturday - during session 4 […]
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Published in December 8th, 2010
BarroMetrics Views: Trading and Intuition
There is a debate at the moment between proponents of ‘rational mind’ decisions and ‘intuition’. Each has its advocates and each side claims that it is correct. As an example of the clash read: ‘The Invisible Gorilla‘ and ‘Blink‘.
It seems to me that both miss the point. It’s true that our […]
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Published in December 2nd, 2010
BarroMetrics Views: Our Comfort Zone
You know, I view attaining success as a reasonably simple process - after all, what other profession lays down a roadmap and guarantees a positive result if we follow it. This is certainly not the case for law, medicine, business etc. Indeed, trading is the only profession I know that the […]
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Published in November 24th, 2010
BarroMetrics Views: The Trader and Productivity
An overlooked element for success in trading/investing is how we manage our time to produce optimum results i.e. how productive we are in what we do. As a mentor/coach I have heard time and again, the refrain: “I did not have enough time to do a full analysis but the […]
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Published in November 7th, 2010
Discipline is really the most important quality or element to succeed in whatever we pursue, especially in one of the hardest professions in the world, that is, TRADING, believe you me!
I would like to share with you some video clips on the second session of the seminar which focused on Discipline yesterday […]
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Published in October 22nd, 2010
BarroMetrics Views: The Essential Nature of Markets
The other evening I engaged a couple of newbies in a discussion about what it takes to succeed. They took the view that success is all about the right strategy, the right method. The point I tried to make (without success) is a strategy while essential to success is […]
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