Build Your Trading, Better Yourself -

Build Your Trading, Better Yourself

Nov 25, 2023Jeremy ParkinsonFinance, No picture0

The common view in trading psychology is that we can work on ourselves and that will help us better weather the ups and downs, risks and rewards, of markets. Certainly that is true: as I describe in The Daily Trading Coach book, there are many research-backed techniques in psychology that provide tools for handling stress, uncertainty, overconfidence, and negativity.A complementary perspective, not as well appreciated, is that by working on our trading, we end up developing our strengths and building our capacity for leading meaningful and purposeful lives. Indeed, how we work on our trading helps shape our ability to achieve our life’s goals. For example, in cultivating our creativity as traders–training ourselves to perceive opportunities that others typically miss–we become more creative in guiding our lives, from our relationships to our careers.This raises the important question; What is the purpose of your trading? How can our trading provide us with a life P/L and not only financial rewards?More By This Author:Best Practices In Trading Psychology: Consistency, Innovation, And Balance How To Achieve The Goals You Set Two Questions To Ask In A Weak Stock Market