Who would have thought that 3 years after I opened my first online brokerage account at COL Financial that I’d get to have dinner with it’s chairman and founder Edward Lee! I was pretty excited for this rare experience, after all, it’s not everyday you get to have dinner with a successful trader/investor and a businessman.
Mr Lee greeted us as we arrived at the dinner place, he sat at the middle of the table offered drinks then started sharing his war stories about when he was actively trading, business, and life in general. He’s a very inspiring and down-to-earth person with over 40years of experience in the financial markets. He mentioned that dynamics of the market change overtime and he still learns something new everyday.
So I asked him a couple of questions like:
SL: “Being a successful businessman, what qualities would you advise start ups?”
EL: “The bottomline is you need to have passion at what you do. Because when all else fails, and it will, dahil magkakaruon ka talaga ng setbacks when putting up a business, you need to have purpose to continue pushing on. ”
He further explained the difference between FINITE and INFINITE games (If you want to know more, check out the videos of Simon Sinek (https://www.youtube.com/watch?v=_osKgFwKoDQ) —
I remember it was similar as how Mr. Lee and Simon Sinek defined it.
SL: “Ano po maadvise nyo s mga traders that have been wiped out but would like to go back to the game?”
EL: “Ako na wipe out na rin before, si ******* (Mr. Lee saying ZF’s real name xD) have been wiped out 3x nuong nag sisimula pa lang, it’s like a normal process that a trader goes through. What you want to do is to start small and gradually build your mental strength and confidence. It’s a blessing that I have other sources of income so I can stay in the game longer.”
It’s the same advice that we also give when someone asks us how to get back on their feet. We start trading thinking that it’s easy because we make money on our first couple of trades, maybe we can do it again 2nd, 3rd, 4th time, but eventually if our size gets bigger sooner or later, the market will humble us, and on that 10th trade, we may lose it all if you’re not mentally prepared.
There were plenty more funny conversations:
There were a lot more juicy topics and stories that Mr. Lee brought up but were already off-the-record convos. This is definitely one of the blog articles that I’d look back to in the future. It was one of those experiences where my mind and body was full (literally and figuratively xD.)
Thanks to @Zeefreaks for the invite and for the whole ZFT team nice meet-up and planning sessions for the bright future of the tribe!
Credits to Rooting for Celeste for the snippets of that night’s convo.