Deep down, most people know that sticking their money in a bank account or mutual fund won’t get them in the fast lane to prosperity. The problem is: where should they turn instead?
For those who are serious about growing their wealth quickly, they need a book that teaches time-tested strategies that will help to greatly accelerate their wealth creation.
Simon Ree hopes his new book The Tao of Trading can be that resource for people. In his twenty-five years as a banker, adviser, and player in the markets, Simon has witnessed firsthand the many hurdles individual investors must overcome to succeed.
He wrote this book to put them on the fast-track to financial success, and create a timeless guide that will help readers prosper whether markets are rising, falling, or crashing!
I recently caught up with Simon to learn more about why he wrote the book, his favorite idea that he shares with readers, and how that idea has transformed his trading.
What happened that made you decide to write the book? What was the exact moment when you realized these ideas needed to get out there?
The book had been percolating in me for a while. But the catalyst was a conversation I had with a friend in 2019. He was concerned about his investment portfolio due to the fact the stocks looked expensive, bonds were yielding virtually nothing, property was looking expensive…where was he supposed to put his money? After discussing my approach to options trading with him, it occurred to me that there would be millions of people feeling a similar way to my friend and that they need the information in this book NOW.
There is risk EVERYWHERE in investment markets right now, and people seeking to grow their wealth need to learn how to properly manage their exposure to risk. I can’t recall a more hostile environment for traditional buy-and-hold investors over the past three decades.
What’s your favorite specific, actionable idea in the book?
Trading can rile up your emotions, which, if left unchecked, can lead to bad decisions. That’s why I share a number of breathwork techniques in the book, including the 4-7-8 breath.
This is a great stress antidote that can put you in a more relaxed state almost immediately. To practice this breath, sit in a chair with your back straight and gently place the tip of your tongue against the roof of your mouth. Make sure your lungs are fully empty. Then inhale through your nose for a count of four. I synchronize my count with my heartbeat as I find this helps to keep me centered while maintaining a focus on my heart.
After filling your lungs with air to a four-count, hold your breath for a count of seven. After holding for seven, exhale through your mouth (and around your tongue) through pursed lips for a count of eight. You should have expelled all of the air from your lungs after the eight counts. Once this is done, repeat the cycle three more times, for a total of four cycles.
What’s a story of how you’ve applied this lesson in your own life? What has this done for you?
All of these breathwork techniques are good for lowering your heart rate, activating your parasympathetic nervous system, and helping you to feel calmer and less reactive.
The ultimate state of mind for every trader is one of relaxed focus, and breathwork helps me get there. What I love about the 4-7-8 breath is that it relaxes you and energizes your brain at the same time. I do four rounds of 4-7-8 breathing before analyzing my trades and before trading live in the market. This helps to reduce any emotional charge I may be feeling. I highly recommend this practice for stress management. Don’t overdo it though—four cycles are enough!
This article was written for Business 2 Community by Zach Obront.
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