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Cancellation of Lecture: Embarrassment V Authenticity

Embarrassing as it may be,

after already sending a number of emails about the announced lecture on the 21st April in Sydney,  I have had to cancel for personal reasons.

So below is some positive from what may seem a negative.

In previous newsletters I have often talked about knowing yourself, operating from a place of clear objectives, not being greedy or fearful and flowing with what is. The goal “I want to make money” is normally not enough. One needs an authentic reason to stick at a psychologically challenging but very stimulating and potentially rewarding profession.

Choosing not to operate from a place of clarity, without a wholesome objective, often leads to losses, confusion, frustration, unhappiness, sadness and at worst addictions and/or severe depression. Many traders give up in frustration, it’s not because trading is technically difficult, (simple methods work very well) but the traders objectives are questionable. Confused objectives results in a lack of clarity and planning, that mindset results in losses, and often not just financial losses but relationships too. Although at the beginning we may think money and success is the goal, it’s not, ask any trader that’s been around a while and you will get resounding clarification of that statement.

So what exactly is a wholesome objective?

Your success at trading, (or affiliated services in the industry like coaching and education) is a mirror of yourself, continual introspection of who you are and what you do is required. One of the main reasons I started teaching was because of my frustration at what was available to the public in the way of honest education. One of the biggest struggles I have had is convincing people of my authenticity, to develop trust in a post GFC world. It’s the reason why I have disclosed the model portfolio on my website, so people can see what happens and what is possible in a live and real situation. So they don’t have to hear “do what I say but I won’t show you what I do”………or no proof of what is said even works.

Successful traders are patient, do not grasp at situations, are able to wait for the opportunity, have clear risk and reward calculations in their mind BEFORE putting on the trade or making the investment. They are also very clear of what their personal big picture is, and where their trading aspirations fit into that landscape. If what they do fits them, they are able to stick to their method, as I have said many times before it’s the sticking that brings results. Planning Passion and Persistence results in success, but if the three P’s don’t align with who you are, the authentic watchdog is going to chew you up and spit you out. Ask yourself this “does what I do bring benefit to myself and others and am I operating from an authentic place?” If you answer that honestly and then put in place the appropriate plan, your trading results and your life will improve significantly.

After some consideration I decided the lecture arrangements I perhaps naively made, didn’t fit my personal big picture, it wasn’t authentic, so I exited the position.

Apologies to those that were looking forward to it or had made arrangements to come. If you follow me for who I am, as well as what I teach, I am sure you understand.

                                                                Market Comments

We are approaching the “Sell in May go Away” annual jitters, some volatility is in the markets at present as traders watch closely for a reason to sell for cyclical reasons.

Despite very strong European and Asian markets ours is reluctant to follow at the same pace. However, as usual we tend to follow the US SP500 which has been more of a grind than an explosion such as has been happening in Asia.

The chart below showing the usual correlation between Uncle Sam and the Aussies. We were really dragging the chain before playing catch up a few months ago, but now its back to a steady follow the leader.

Despite all the bad news (overdone) about the Australian economy it is hard to see how this historical correlation wont continue. The US markets seem poised for more upward movement so it’s a pretty safe bet to say so are we.

 The chart comparing the SP500 to the Ausie top 200

"The priviledge of a lifetime is to become who you truly are"

Carl Jung

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