Profile of Ray Barros

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Introduction to Ray Barros

Ray Barros stands as a beacon in the trading world, known for his unique blend of precision and strategic foresight. His ability to navigate market uncertainties with a calculated approach has earned him not only financial success but also the respect of his peers.

Brief Bio of Ray Barros

Born into a world where numbers make or break fortunes, Ray Barros turned his passion for analytics into a thriving career in trading. With educational roots grounded in finance and economics, his formative years were marked by relentless pursuit of knowledge, which later sculpted his trading philosophies. Over the decades, Ray has held prestigious positions at various top-tier financial institutions, continually refining his approach to both traditional and crypto markets.

 

Ray barros

Born: July 12, 1962

Education: Bachelor’s in Economics, Master’s in Finance

Quotes by Ray Barros:

“Trading is not just about profits; it’s about achieving consistency and managing risks.”

“Every trade is a learning experience, and every market cycle offers new lessons.”

“Patience and discipline are more valuable than the ability to forecast markets.”

"The market is a game of probabilities; your job is to manage the risk, not to predict the outcome."

"Successful trading is about mastering yourself, not the market."

"A trading plan is your roadmap, but flexibility in execution is key."

"The market doesn’t reward the smartest trader, it rewards the most disciplined one."

"Losses are inevitable; your ability to manage them will determine your success."

"Emotions are your worst enemy in trading; learn to trade without them."

"The market doesn’t care about your opinions; it only responds to action."

Books by Ray Barros

Ray Barros is a respected trader and financial market analyst known for his expertise in trading systems and market analysis. He has authored books that are highly regarded in the trading community for their insights into effective trading strategies and risk management. Here are some of his notable publications:

“The Nature of Trends: Strategies and Concepts for Successful Investing and Trading” by Ray Barros

In this book, Ray Barros explains how to identify and trade market trends with precision. He explores the structure of markets, the patterns they form, and offers strategic advice on how to capitalize on these patterns.

Buy it now

Ray Barros’ books are essential for those interested in understanding the depth of market analysis and the psychological aspects of trading. His work provides both foundational knowledge and advanced strategies, making it suitable for a wide range of traders and investors.

Interviews with Ray Barros

We discover what makes great traders tick! My ‘Ten Trading Questions With…’ guest this week is Ray Barros, professional trader, fund manager, mentor, educator and author.

1. What is it about trading that gets you up and motivated in the morning?

For me, there are two things:

  1. Facing the challenge of pitting my skills against the market. And,
  2. Being aware that success in the markets is more a question of self-management then trade management.

Of course, the fact that I have been able to make a better than decent living from trading adds to the motivation.

2. How did you first get involved with the financial markets?

Wow, for that I would have to go back in time. It was the first year of university (1966), and Australian stocks, in particular, mining stocks took part in a huge ball market. Someone wanted me to buy the options on a stock called Peerless.

I bought them, and they went from a couple of cents to about $.45. I held on until they came all the way back so that the options expired worthless.

That was my first trade.

Then in 1980, I went for a holiday to Hong Kong. My father-in-law told me how the trade gold futures. I had what you might call an unlucky start. In six weeks, I succeeded in making enough money to buy my wife a fur coat.

That convinced me that I could make a living from trading. I told Chrissy that I would sell my legal practice and become a full-time trader.

I thought it would be easy, but I did not have a successful year until 1987.

3. What was the turning point that really propelled you towards trading success?

There wasn’t one turning point. It was a series of events. Over time as I came to realise that trading success was not just a function of having a trading plan, but also:

  1. having a proper risk management approach, as well as
  2. the psychology necessary to overcome the human hardwiring.

Trading is one of the hardest professions in the world because the limbic brain is focused on survival. Nowadays, ‘survival’ can be defined as anything that raises our anxiety.

Uncertainty is one element that can be relied upon to cause humans to experience fear and anxiety. Markets by their nature are uncertain.

So, you can say that the nature of markets will inevitably cause fear and anxiety to kick in. As a result, no matter how good your trading plan, unless you can manage the 3Fs (fight, flight, or freeze) you will never be a successful trader.

4. What are your personal trading goals?

Nowadays, my personal goal is to show constant improvement. This year, thanks to the Acceptance and Commitment Therapy, my results are showing the greatest improvement I’ve seen for at least the past 10 years.

5. What trading mistake have you learned the most from?

That’s an easy one. I think was about 1985 and I just blown my account for the umpteenth time. I went to Chrissy and better to give me enough money to start again.

She gave me A$25,000. I promised that this time “it would be different.”

That Friday night, I succeeded in buying every high and selling every low. As a result, by the end of the evening I had again blown my account.

That was the evening that I realised that I had to change what I had been doing if I was going to have any chance of success. You think that I would have learnt a lot sooner.

6. What are the main trading strategies and markets that you trade?

I use a concert of Wyckoff and Market Profile, together with my variation of the Elliott Wave (which I call the Ray Wave).

I trade currencies, stock indices, interest rates and gold.

7. What 1-3 trading books should every trader read?

I’ll answer the question in this way:

  1. read a trading book that describes a trading plan that suits your personality;
  2. read a trading book that provides you with a risk management style that suits your personality; and
  3. read “The Happiness Trap”.

The Happiness Trap is an introduction to ACT. After reading that book, I would read “A Primer on ACT”.

As I said earlier, “ACT” is the best psychological theory of this century. If you want to see how ACT applies to traders, then Dr. Gary Drayton’s book “Trading Mindfully” is a must.

8. If you had 1 minute with someone who wants to learn how to trade in stocks, what would you say?

I would ask him to be fully aware of how difficult it is to become a successful trader. There are no exact figures, but the scuttlebutt is that over 95% of traders fail. In fact, I think that number is on the low side.

Successful trading will take blood, sweat, and tears. It will take effort to acquire the knowledge and then effort to apply the knowledge so that it becomes a skill.

9. What separates the average from the very best traders?

The ability to be aware of our own emotions, and how emotions impact our trading.

10. How do you ensure your trading will continue to be successful in the future?

I’ll continue to do what I have been doing. Managing my risk, seek to be more self-aware, and continually seek to better my results.

Bonus Question: If you were not a trader, what would you do?

I would teach trading

Trading History

Ray’s journey through the financial markets is a chronicle of milestones—from his early days at a local brokerage to managing multimillion-dollar portfolios. His career timeline is dotted with strategic trades that not only averted crises but also capitalized on market highs, making his strategies a study in resilience and adaptability.

Trading Strategy

Barros’s strategies are a sophisticated mix of quantitative analysis and behavioral finance. He employs a dynamic trading system that adjusts to market volatility, with a strong emphasis on risk management techniques to protect investments from sudden market downturns.

Notable Achievements

Ray Barros is celebrated for managing funds that consistently outperform market averages, with particular accolades for his role in navigating the 2008 financial crisis. His insights and forecasts often make headlines, further cementing his legacy in trading.

Personal Insights

Beyond charts and numbers, Ray finds solace in the calm of nature. An avid hiker and photographer, he believes in balancing the high-stakes world of trading with moments of tranquility.

Philosophy and Values

Barros advocates for ethical trading and is a significant donor to educational charities, believing in the power of knowledge to transform lives. His trading philosophy is simple: integrity and patience over quick gains, a reflection of his broader life values.

Impact and Legacy

Ray Barros’s impact on trading is profound. His methodologies have influenced a generation of traders, and his commitment to ethical practices has set new standards in the industry.

Current Life

Currently residing in Singapore, Ray’s trading activities and lifestyle are heavily influenced by the city’s dynamic market landscape, providing him with the perfect backdrop to apply and share his extensive trading knowledge.

Estimated Net Worth

While exact figures are elusive, estimates suggest Ray Barros’s net worth is in the upper echelons of the trading world, reflective of his successful strategies and investment choices.

Interviews with Ray Barros

Asking Hedge Fund Manager How He Made $923,000,000 (Ray Barros)

Million Dollar Trader Secrets To Success – Ray Barros | Trader Interview

“Anyone Can Trade For A Living” – Ray Barros | Trader Interview

Note: All information is sourced from public domain websites on a best-efforts basis. For any corrections, additions, or to request this profile be removed, please contact [email protected].

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Adrian Reid Founder and CEO
Adrian is a full-time private trader based in Australia and also the Founder and Trading Coach at Enlightened Stock Trading, which focuses on educating and supporting traders on their journey to profitable systems trading. Following his successful adoption of systematic trading which generated him hundreds of thousands of dollars a year using just 30 minutes a day to manage his system trading workflow, Adrian made the easy decision to leave his professional work in the corporate world in 2012. Adrian trades long/short across US, Australian and international stock markets and the cryptocurrency markets. His trading systems are now fully automated and have consistently outperformed international share markets with dramatically reduced risk over the past 20+ years. Adrian focuses on building portfolios of profitable, stable and robust long term trading systems to beat market returns with high risk adjusted returns. Adrian teaches traders from all over the world how to get profitable, confident and consistent by trading systematically and backtesting their own trading systems. He helps profitable traders grow and smooth returns by implementing a portfolio of trading systems to make money from different markets and market conditions.
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