016 – Interview w Ray Barros, Veteran Trader, Managed $943M Fund

Ray Barros is a professional trader, fund manager, author, and educator. Since he started trading many years ago, his track record reflects a whopping 39% per annum return on a compounded basis. Ray took the fund he managed from $20M to just over $943M in roughly 20 years

Ray is also the author of two books—The Nature of Trends and The Ray Wave. He has been regularly featured in regional newspapers and publications such as Sydney Morning Herald, Your Trading Edge Magazine, Business Times, and Smart Investor focusing on his trading strategies as well as his opinions on market sentiment. 

Watch the interview on YouTube https://youtu.be/65urASdLOdQ

Show Notes

• Ray shares what it was like trading way back when he started in 1966
• He talks about how much has changed, but how one thing has remained constant over the years
• He brings up some of the advances he’s seen in trading psychology
• Ray shares a new technique he discovered for addressing emotional upset
• How the performance of your mechanical system can be affected by business cycles
• Ray speaks to how many things that have worked for a long time, still work
• He brought up “Unlocking Market Phases” and how this can play into market behavior
• Ray speaks to how technology and better testing in more recent times gives traders an edge that just weren’t there years ago
• We discuss how AI and algo trading might make the markets even more favorable since the markets are now made of people PLUS computer programs
• Ray shares an excellent perspective on what “success” is for a trader
• What traders really want, more than money
• How mechanical systems are built on the premise of certain assumptions and the potential pitfall of being locked into a single system, at least for retail traders
• How humans can work with a judgement call and then apply rules to trade effectively
• Ray shares his thoughts on the keys to making consistent profits and the four main factors a trader should keep in mind in their trading
• He explains ‘asymmetric risk management’ and how to utilize it for greater profit
• Ray emphasizes the importance of continuous improvement and learning for traders
• We discuss the many opportunities for improvement traders have to become more successful
• Ray shares some excellent words of wisdom and a few very beneficial perspectives

This podcast is brought to you by https://www.insideouttrading.com, where the focus is specifically on CONSISTENCY, so you'll find all sorts of unique resources to help you trading profitably and with confidence.

• Book a free consultation with Brian here à https://insideouttrading.com/book-a-call-w-brian/
• “The Science of Consistency Applied to Trading” video — https://insideouttrading.com/register-for-the-science-of-consistency-masterclass/
• The Proven Formula for Consistent Monthly Profits — https://www.insideouttrading.com/
• “Enough To Be Dangerous” short report — https://www.insideouttrading.com/enough-to-be-dangerous-report/
• Work with Brian — https://www.insideouttrading.com/schedule-a-call-with-brian/
• Join the Consistent Profits Club and get a load of free trader resources to help you make greater and more consistent profits —} https://www.insideouttrading.com/

About the podcast

• On Spotify – https://podcasters.spotify.com/pod/show/brian-mcaboy8
• On Apple Podcasts – https://podcasts.apple.com/us/podcast/consistent-profits-podcast/id1677400820
• On YouTube – https://www.youtube.com/playlist?list=PLWBHY_-GTmgEQmz302Iog3bi5xnIF1xyZ
• On Google Podcasts – https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVvdXR0cmFkaW5nLmNvbS9ibG9nL2NhdGVnb3J5L3VuY2F0ZWdvcml6ZWQvZmVlZC8
• On Radio Public – https://radiopublic.com/consistent-profits-podcast-6Bx9yM
• On iHeartRadio – https://www.iheart.com/podcast/269-profit-by-design-trading-p-109844703/

How to find Ray

• His website – https://www.tradingsuccesseducate.com/
• Get his book on Amazon – https://www.amazon.com/Nature-Trends-Strategies-Successful-Investing-ebook/dp/B006G27ZFY?ref_=ast_author_dp
• On Twitter – https://twitter.com/barrometrics
• On Facebook – https://www.facebook.com/BarroMetrics
• On YouTube – https://www.youtube.com/@raybarros

What’s important to you about trading?  Comment below