Lose, Lose, Lose... Win! The 7 year itch
About this episode:
In his over 30 years of trading, Ray Barros has seen many traders, both beginners and experts, mistake luck for skill. He was one of them. But Ray Barros managed to turn seven years of losses into remarkable wins. Now he is giving back, teaching newer traders the skills he learned the hard way. Former hedge fund manager Ray Barros joins our Australia chief market strategist, Michael McCarthy, and generously shares his biggest piece of advice.
Ray Barros
Ray Barros is a professional trader, fund manager, author and educator. Ray closed his private hedge fund in December 2010. In 1990, he started with A$20 million and by the time the fund closed, it had grown to A$943 million. The December 2010 result was the best in his trading history, securing a 137% return.
He has been featured in Wiley’s Trading Guide II and Mario Singh’s forthcoming book, ‘Secret Conversations with Trading Tycoons’. Ray has also written two books: ‘The Nature of Trends’ and ‘The Ray Wave.' He has been regularly featured in regional newspapers and publications like the Singapore Strait Times, the Sydney Morning Herald, Your Trading Edge Magazine, Singapore Business Times, and Smart Investor.