HOW IMPORTANT IT IS TO FEEL GOOD!!!
#psychologyoftrading#psychologyoftrading
One of the most overrated variables in trading psychology is passion for trading or passion for the markets. Passion can mean a whole range of different experiences to different people. Traders who are desperate for profit, traders for whom trading has become an addiction like gambling, traders who live and breathe the market 24/7: they are all passionate about what they do. Such passion can either help or harm trading results and development dynamics. Desire and motivation are necessary, but not sufficient for trading success. Instead of focusing on passion, traders should consider the overall emotional background of their trading.
Do you experience joy, satisfaction and motivation when trading, analyzing markets and working on your trading skills? Do you really enjoy what you do? Psychologists call this positive aspect of emotional experience psychological well-being.
A psychologically well-off person often experiences the following:
- good mood (joy and happiness);
- favorable expectations (optimism);
- good physical condition (energy);
- positive self-esteem (satisfaction);
- good relationships with others (mutual understanding).
None of us experience all of these feelings all the time. Of course, many of these five factors can wax and wane depending on life circumstances.
However, psychological research shows that some of us enjoy psychological well-being to a much greater extent than others. Some of these differences are explained by innate personality traits that manifest themselves in different life situations. The other part is related to the environment around us, and it is especially important how the circumstances satisfy our needs and coincide with our goals.
To the greatest extent, psychological well-being depends on how well a person’s personality matches the social and work environment in which he finds himself. When people are chronically unable to experience positive emotions, we may suspect the presence of an emotional disorder such as depression.
Other emotional problems, including neurosis and anxiety, can be so serious and deep that the person experiencing them ceases to feel joy and satisfaction in life.
Most people, however, experience positive and negative emotions in varying proportions, depending on life circumstances. When their lives are consistent with their values and needs, people enjoy the emotions listed above. When life does not meet needs, they feel frustrated, dissatisfied and have low energy. In this sense, positive emotions serve as a life barometer, telling us whether we are doing the right things in our lives. So you can see how important positive emotions are in trading.
When you trade well, learning, growing and succeeding in your efforts, your positive emotions should outweigh the negative ones. In this case, your emotional experience is dominated by pride, satisfaction and a sense of accomplishment, which gives you energy and optimism. If you trade poorly, if you don't grow and develop as a trader, if your efforts don't bring success, your trading experience will be more negative. You will spend less time feeling satisfied, energized, and optimistic than frustrated, overwhelmed, and frustrated. This is important, since the energy and optimism generated by joy and satisfaction are what ensure the positive dynamics of a trader’s development. They maintain concentration and help traders put in extra effort, which results in mastering better behavioral patterns.
A trader who maintains a high level of psychological well-being will be more likely to have the confidence needed to aggressively execute good trades and avoid less profitable ones. A trader with a positive emotional experience is less likely to make impulsive trades due to frustration and can better maintain the resilience needed during periods of loss.
Simply put, feeling good is the basis for good results, as our minds work better in favorable emotional conditions. Emotional well-being supports mental efficiency. We think better when we feel good. You don't have to feel great after every trading day. This is unrealistic.
The most important thing is to constantly maintain a balance between negative and positive emotional experiences. If you feel bad at the end of the trading day more often than you feel positive, this is a clear indicator that you are either trading poorly - there have been changes in the market that you have not yet adapted to - or you are not working enough on your development by betting Set clear and achievable goals.
Good luck in your self-improvement, friends!
