Product Review: New Samurai Secrets for Trading presented by Richard McCall
In this 2 hour audio CD McCall gives a very detailed and informative overview of the application of Martial Arts
training and methods to the trading arena (although all of it is applicable to life in general). Even though this could
be construed as a plug for his book 'Way of the Warrior Trader' it contains a much better insight into the material than a simple 'brochure' would provide.
There analogy for
trading is that traders face financial risk in the same way a Samurai faced death in the normal course of their 'being who
they are'. Managing stress is a large part of excellent performance and Martial Art is spit into 3 main parts based
on mental discipline:
The way you view your
existence is a key concept in becoming a good trader, and performance of a Samurai was linked intimately to their desire to
win, their system of fighting, the flawless execution of their techniques, and treating their actions as a pure (unencumbered)
work of art. When you can do this a transformation occurs and you end up on the 'Winning
Way' or true path.
The main barriers to
achieving a seamless blend of 'correct' action are the 3 negative emotions:
These are generated because
our natural 'fight or flight' instincts are not geared to inaction even when inaction is the best course. This causes
stress and effects morale. Self-directed anger is very destructive and fear is a big handicap. The way the Samurai
dealt with these emotions is through 4 motivational pillars:
Awareness - Accept the risk of what you are doing
- Life Purpose
- Do what you know you are supposed to be doing
- Soul Passion
- Use your passion to generate inner energy
- Higher Goals
- Have something to aim for that is beyond you
Self-perception is very
important and also the understanding that you are made of 3 interconnected parts: Mind, Body, and Soul. Rather
than delegate independent responsibility for each of these parts to independent institutions (Academia, Healthcare Industry,
Organised Religion) a Samurai understands that they are responsible for these areas as a complete whole.
The 3 levels of reality
relate to the Body, Mind, and Soul and are Simple Physics, Super Physics, and Meta Physics respectively.
Simple Physics is what
is observable. Super Physics is an efficient form of Simple Physics that gives you an edge, and Meta Physics is using
your spiritual energy in a way that gives synergy. Dealing with these things in concert and combination is a powerful
The Psychology of Action
there are 6 core concepts represented by the A.C.T.I.O.N acronym. These are:
(A)ccept all possible
(C)enter yourself in
Mind, Body, and Spirit
(T)rust your warrior
skills and intuition
(I)magine victory clearly
(O)nly existing in the
present to conquer fear
(N)ever stop or look
back once you begin
Each of these areas is
described in detail and combine to form a powerful framework for dealing with the actions you must take as a trader.
Last is the Psychology
of Recovery which is essential for anyone who participates in the markets since we will all lose at some point in time.
For a Samurai, losing normally meant death, but in the instance where they did lose and survive, they needed a framework to
learn and become stronger from their failures rather than weaker.
There are 5 stages of
grief that everyone goes through even for a 'small grief' like a losing trade. These are:
Grief effects all 3 components
(body, mind, soul) so all 3 must be considered in order to learn from grief/mistakes and recover effectively.
The last part of the
audio CD is about the 'Universal Laws' that exist in the universe and influence us (even if you do not accept they exist).
These include the laws of:
- Duality – everything must vibrate to exist
- Cycles – nothing stays the same
- Choice – you can choose how a situation effects you
- Responsibility – you can choose to accept the consequences of your actions
- Inertia – things will stay at rest unless you take action
- Momentum – things will pick up speed if you do take action
- Synchronicity – everything is inter-connected
- Manifestation – laws will operate even if you don’t believe in
- Process & Action – everything is up to you
McCall deals with each
of these briefly as well as covering some actual practical exercises one can use to deal with stress. This brief audio
course certainly is worthwhile in its own right, and also achieves the desired aim of making the listener want to go out and
buy the book for the 'full detail' about how Samurai skills can be practically applied to trading and life.