Simon Ree has spent over 40,000 hours watching and analyzing markets. He has already cracked the code on how to trade safely and profitably after over three decades of active trading, investing, and financial market experience. His mission now is to help people live more creative, joyful, and inspired lives by not allowing the stress of financial burdens to weigh them down.
After spending all his life holding senior positions at finance giants like Citibank and Goldman Sachs, Simon got to a point where he thought…
“What is my marginal contribution to society?”
He didn’t like the answers he was getting as he tried to think about it. He has always helped already wealthy people stay wealthy or get even wealthier. In 2017, he decided to pivot, to use his diverse skill set to help people who would really benefit from it. He has always enjoyed teaching; it’s been fairly innate. Combining these two facts, Simon founded the Tao of Trading.
The Tao of Trading
There are thousands of books written on the subject, all dull, complicated, and quite difficult to understand. He wanted to write one that was simple and engaging, so he did, with much success.
The traditional view of stock markets and trading is a dog-eat-dog world, a zero-sum game, and generally dominated by the scarcity mindset—one that is really unhelpful to adopt. To really flourish in the financial market, one must view it as a river of abundance where you dip your hand and take only a little scoop each day, enough to make a nice living.
Aside from teaching people a bunch of setups, how to read charts, identify trends and build momentum, Simon strongly believes in time-effective and low-stress trading, and that it should not take over your life. He shares a few tips and a brief overview of what successful trading should look and feel like:
Do not stare at your screen. Scan for high-probability setups. Focus on these instead of going through hundreds of charts everyday. The idea is to get your trading done in an average of 20 minutes per day, especially when you’ve already got the groove of the process. All the market analysis should be done when the stock market is closed.
Practice emotional control. If you pick the emotional response to any event, life becomes easier. The things is, money lights up areas of the brain more that any other thing including sex. When you are emotionally detached, you’re not affected by moving prices and charts, and your decision is not tied to how you feel.
Start small. Begin trading with an amount of money that would not crumble your life if you lost it. This amount should not impact your ability to pay rent or put food on the table. The reason is not that you’re going to lose this money. Starting small keeps your emotions on an even keel.
Study and be mindful of your reactions. If you’re feeling surges of euphoria or surges of fear, you are trading too big. This is going to impact your ability to make decisions. Trading should not give you anything more than mild happiness or disappointment. Remember that stress makes you stupid and euphoria makes you haphazard and sloppy in your process. If you feel like giving yourself a pat on the back about how good of a trader you are, close all your positions and take 24 hours off, because the market is about to teach you a lesson.
This week’s giveaway is an opportunity to win a signed copy of Simon’s book, The Tao of Trading – How to Build Abundant Wealth in Any Market Condition.
Click here to enter!
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