Lose, Lose, Lose... Win! The 7 year itch
In his over thirty 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 learnt the hard way. Former hedge fund manager Ray Barros joins our 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, December 2010 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 is also an author: ‘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.
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Download Ray Barros' exclusive article for The Artful Trader listeners, where Ray busts some of the most common myths surrounding the mindset and strategies of successful traders. He highlights a common approach that beginner traders take, and outlines the key skills and attributes that a successful trader must have in order to develop a winning strategy.
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