My car’s oil change may improve your trading

February 3, 2018

Trades & Tutorials

By Geoff Bysshe

blankThis Trades & Tutorials post is not typical, but it’s been on my mind for a couple weeks now.

Today, while driving to get my oil changed I listened to this quick audio clip for the 2nd time while I was on my way to get my car’s oil changed.

Before the 6 minute recording was completed, I had taken a detour to a local book store hoping to find the book from which the clip was taken.

My hope was that I’d be able to start reading it while my car was being serviced.

Unfortunately, the bookstore didn’t have it in stock.

However, they offered to have it for me by Tuesday…

I did some quick Amazon Prime math, and the book store lost, but…

I decided to support the local book store anyway and I ordered it.

I’m now anxiously awaiting the book’s arrival.

However, I’ve also just purchased it as an audible book because...

When the most successful hedge fund manager of all time is willing to share his ideas and take the time to narrate them…

This is worth hearing and reading. In my opinion.

I love learning things that expand my perspective and can then be applied to the things I love (like trading).

So after a couple weeks of consideration….

I’ve decided to do something different with Trades & Tutorials, and post this 6-minute audio file by Ray Dalio, the co-founder of Bridgewater Associates, the largest and one of the most successful hedge funds ever.

The audio clip is from Ray Dalio’s book, “Principles”.

Here’s how Amazon describes the book…

In Principles, Dalio shares what he's learned over the course of his remarkable career. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines….Principles also offers a clear, straightforward approach to decision making that Dalio believes anyone can apply, no matter what they're seeking to achieve.

When you consider trading as a methodical approach to building wealth that should not be hindered by our opinions of ourselves or the markets…

You’ll see how and why this insight from Ray Dalio applies directly to becoming a more successful trader. Especially if you want to become a successful mechanical trader.

Best wishes for your trading.

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