TEDM – Simon Ree – The Tao of Trading Episode 156 by Patrick Francey

“If people approached trading the same way they would a job – you show up, you be consistent, you do a good job – there is a strong expectation that you’re going to get a regular paycheque from the market.” – Simon Ree 

Connect with Simon Ree:

Website & Special Offer!

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Selected links and people mentioned from this episode:

The Tao of Trading by Simon Ree

Options Academy Accelerate

The Tao of Jeet Kune Do by Bruce Lee

Goldman Sachs

Jim Rickards

Trading in the Zone by Mark Douglas

Reminiscences of a Stock Operator by Edwin Lefèvre

 

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[02:08] Patrick introduces his next TEDM guest, Simon Ree.

[03:22] Simon and Patrick get rollin’! Simon explains when and why his fascination with the stock market began, how he got his professional start once out of university and where that has led him right up to today. His focus has changed somewhat, which better aligns with the contribution he prefers to make.

[08:25] Patrick notes, the title of Simon’s book isn’t a natural fit for the subject matter! Simon shares first how the title came to be, and second his desire to make a book about options trading that is accessible, engaging, and light. Simon’s book folds in topics like mindset, risk management and planning which provides more breadth and depth to help people get their business off the ground.

[12:03] Emotional control and the right mindset are the final frontier of trading and investing in Simon’s view. In a market, that’s designed to have people do the wrong thing at the wrong time, it’s fundamental when remembering how markets cycle.

[14:54] Simon talks about decision making in the stock market, whether this platform is better for intuition or research, plus the framework he provides in his book and why it’s so important, especially when emotions threaten to overtake.

[17:56] Simon shares his viewpoint on the current state of North American markets, central banks, and the economy of the past few years. Simon also describes his response to the narrative and questions especially when people ask, “what should I do with my money?” by exploring fixed vs. growth mindset.

[24:39] At a tumultuous time like the present, it’s tempting to pull our cards off the table, but Patrick and Simon discuss the importance of understanding investing and markets (be it real estate or stocks) at just such a time, to capitalize and even profit from the opportunities that do exist.

[28:15] Simon shares his definition of a trader and an investor, which is a little different, and explains what sort of commodities he invests in both short and long term.

[31:04] Simon addresses one of the five big myths of Wall Street: 10% per annum is a fantastic return. He goes on to explain that where we are in the season of our life, will certainly inform our trading decisions. We need to do the research and show up consistently to see the returns.

[35:00] In response to questions about his outlook on the next five years, Simon shares his “headlight theory of capital allocation.” He expands on that to explain what it means in practice.

[40:20] Although he considers himself an entrepreneur by default, Simon’s real passion is not in business or even running a business. It’s teaching. From martial arts to investing, seeing that lightbulb go on for someone when they “get it” is one of the most rewarding experiences for Simon.

[43:35] Is it the same thread that binds Simon’s interest in martial arts with his interest in the stock market? He describes his start in judo as a kid and his fascination with and attraction to the career pa...

"Completion" is defined as the act of completing, or the state of something being completed or finished. It can be described as the conclusion or fulfillment of a task, an agreement or project.

A football pass that is received is considered complete.

Is there a right or wrong way to complete?

What about incompletions, and can something be complete and incomplete at the same time?

Join Patrick and Steffany as they walk through the subtle ups and downs of incomplete completions and what you may be operating on top of.

Listen in and subscribe here: https://theeverydaymillionaire.ca/completion

“Why the conversation about mindset and why is it important? It’s not just about success, it’s not about getting shit done, it’s not about being uber successful in business or in life. It’s really how we approach business, how we approach life. It’s actually all about us and how we view the world.” – Patrick Francey   

Selected links and people mentioned in this episode:

Mindset Matters Registration

Connect with REIN Canada

REIN Canada

REIN Channel

Facebook

Instagram

Twitter

SHOW NOTES

"Completion" is defined as the act of completing, or the state of something being completed or finished. It can be described as the conclusion or fulfillment of a task, an agreement or project. A football pass that is received is considered complete. Is there a right or wrong way to complete? What about incompletions, and can something be complete and incomplete at the same time?

Join Patrick and Steffany and they walk through the subtle ups and downs of incomplete completions and what you may be operating on top of.

“Why the conversation about mindset and why is it important? It’s not just about success, it’s not about getting shit done, it’s not about being uber successful in business or in life. It’s really how we approach business, how we approach life. It’s actually all about us and how we view the world.” – Patrick Francey   

Selected links and people mentioned in this episode:

Mindset Matters Registration

Connect with REIN Canada

REIN Canada

REIN Channel

Facebook

Instagram

Twitter

SHOW NOTES

Consider that, not being willing to get go of a life we like is the reason why we don’t have a life we love.

Just back from an event in Japan, Steffany shares some behind the scenes insight into the work she does on a Champions Journey. Join Patrick and Steffany as they unpack why “reasons have to come before results”.

https://rein.remi360online.com/insiders-newsletter-sign-up

Follow me on Twitter @pfrancey

https://www.facebook.com/theeverydaymillionaire

Instagram tedm.podcast

https://www.linkedin.com/in/pfrancey/

Consider that, not being willing to get go of a life we like is the reason why we don’t have a life we love.

Just back from an event in Japan, Steffany shares some behind the scenes insight into the work she does on a Champions Journey. Join Patrick and Steffany as they unpack why “reasons have to come before results”.

Follow me on Twitter @pfrancey

https://www.facebook.com/theeverydaymillionaire

Instagram tedm.podcast

https://www.linkedin.com/in/pfrancey/

“I think it’s really important to think about how failure can become part of a powerful narrative. What I’ve learned is you may not be able to control the outcome of a risk you take, but you can control the story you tell about that and what you learn.” – Christie Hunter https://rein.remi360online.com/insiders-newsletter-sign-up

Learn how to take the right risks for lasting success. This book offers a framework for identifying and making the kind of bold moves that will get your career off to its best start. Many women enter the workforce feeling like they can never make a mistake.

“Why the conversation about mindset and why is it important? It’s not just about success, it’s not about getting shit done, it’s not about being uber successful in business or in life. It’s really how we approach business, how we approach life. It’s actually all about us and how we view the world.” – Patrick Francey   

Selected links and people mentioned in this episode:

Mindset Matters Registration

Connect with REIN Canada

REIN Canada

REIN Channel

Facebook

Instagram

Twitter

SHOW NOTES

Albert Einstein said: “If I were given one hour to save the planet, I would spend 59 minutes defining the problem and one minute resolving it.” That’s easy for Einstein to say!

Have you considered how you deal with problems - life, business, decisions that need to be made?

It’s said that the quality of our life is a reflection of the quality of the questions, we ask ourselves, which implies that we need to consider if we are asking ourselves the right questions.

When it comes to problems, it’s easy to get caught searching for the answer or for what to think rather than reflecting on how we are thinking. What if we considered that the problem may be how we see the problem?

This week, Steffany is away in Japan! Join Patrick as he goes it alone to unpack ‘the problem with problems’ on this episode of Mindset Matters.

https://rein.remi360online.com/insiders-newsletter-sign-up

Follow me on Twitter @pfrancey

https://www.facebook.com/theeverydaymillionaire

Instagram tedm.podcast

https://www.linkedin.com/in/pfrancey/

Albert Einstein said: “If I were given one hour to save the planet, I would spend 59 minutes defining the problem and one minute resolving it.” That’s easy for Einstein to say!

Have you considered how you deal with problems – life, business, decisions that need to be made?

It’s said that the quality of our life is a reflection of the quality of the questions, we ask ourselves, which implies that we need to consider if we are asking ourselves the right questions.

When it comes to problems, it’s easy to get caught searching for the answer or for what to think rather than reflecting on how we are thinking. What if we considered that the problem may be how we see the problem?

This week, Steffany is away in Japan! Join Patrick as he goes it alone to unpack ‘the problem with problems’ on this episode of Mindset Matters.

“Why the conversation about mindset and why is it important? It’s not just about success, it’s not about getting shit done, it’s not about being uber successful in business or in life. It’s really how we approach business, how we approach life. It’s actually all about us and how we view the world.” – Patrick Francey   

Selected links and people mentioned in this episode:

Mindset Matters Registration

Connect with REIN Canada

REIN Canada

REIN Channel

Facebook

Instagram

Twitter

SHOW NOTES

Listen in as Patrick and Steffany consider forgiveness.

"No forgiveness no peace, know forgiveness know peace." Source unknown.

In life, we all come to know that shit happens. People do things that hurt us, physically, mentally, emotionally, spiritually. We do things to others, and to ourselves, we make mistakes.

What's left is the need to forgive... to forgive ourselves or others.

Desmond Tutu once said “Forgiveness does not mean that we pretend things are anything other than they are. I am hurt, we say. I am betrayed, we announce. I am in pain and grief. I have been treated unfairly. I am feeling ashamed. I am angry this has been done to me. I am sad and I am lost. I may never forget what you have done to me, but I will forgive. I will do everything in my power not to let you harm me again. I will not retaliate against you or against myself.”