Ray Barros Trading Tips #1

http://www.tripletradingprofits.com

As part of the Online Trading Mastermind project, Stuart McPhee interviewed Ray Barros to find out his best trading tips.

Ray is a professional trader, fund manager, author, and educator. Since he started trading more than twenty years ago, his track record reflects a whopping 39 percent per annum return on a compounded basis. Thi s means a hypothetical investment of $1,000 returned over $230,000 in the 17-year period between 1990 and July 2007. He is also the author of The Nature of Trends published by Wiley Press. Ray has been regularly featured in regional newspapers and publications like Sydney Morning Herald, Your Trading Edge Magazine, Business Times, and Smart Investor. The interviews have focused on his trading strategies as well as his opinions on market sentiment. They have also dealt with his track record, trading philosophy, how and why he got into trading, and what advice he would give to those wishing to become traders/investors.

http://www.tripletradingprofits.com

Category:

Education

Tags:

• ray
• barros
• trading
• tips
• fund
• manager
• nature
• of
• trends

[lightfoot500]

great info, but hard to hear thru the background.

[djenyns]

Sometimes you have to just grab an interview when you can... sadly the conditions aren't always ideal :(

[lightfoot500]

for sure, i saw Ray Barros on CNBC-asia and they said he would be doing more interviews there in the near future.

[patriotsundergod]

recommended reading:

Maximum Adverse Excursion: Analyzing Price Fluctuations for Trading Management, by John Sweeney

this book helps identify how much heat your system ought to be able to take and still turn a profit

"consistent execution of your risk management is where the profits are"

-Ray Barros

[patriotsundergod]

I've been sitting in the market for over 30 years and have only sold the exact high once, and I don't think I've bought the low.

At some point after entering the market you are going to take some heat (drawdown), so you need to know how much heat is normal with your system. This takes the pressure away.

[patriotsundergod]

(notes on this video)

Following trading system rules was never a problem for Ray, but managing risk (position sizing and losses) is what caused him to lose huge amounts of money in the beginning

Identifying weather the trend is going to continue or change, where you are going to take a trade, and weather that trade is setting up is much more important than focusing on the entry. Determining the entry should really follow those things.

[FXEliteTrader]

Great video!