Let’s face it: Most traders if they are lucky manage to survive, very few thrive. In fact, I am certain most traders don’t even know what thriving means.
To thrive in your trading career is about much more than making it to the end of the trading day. I am not even talking about the money you may or may not be making. That will happen automatically when you learn to self actualize instead to react.
If you can make this quantum leap from reacting to self actualising your entire trading life will change for the better.
We are reactionary creatures by default
By this I mean that your brain has been trained to react by default. Impulse reactions drive the markets after a big news event like NFP, or the FOMC meetings.
There are trading bots which take advantage of these trading patterns which exaggerate the moves in the markets, but that is another story for another day.
The point I want you to get is this:
Your trading mind operates on reactionary auto pilot.
This is not in your interest because your mind is like an untrained monkey. The untrained mind is all over the place and thinks in dualistic terms. Good or bad and right or wrong. This thinking puts immense strain on your entire body. It causes stress and anxiety.
Such emotions fuel dualistic thinking and reactionary behaviour
In order to thrive in your trading career your have to learn techniques to distance yourself from your emotions.
There are only two ways in which you can do this:
Learn about yourself, how your brain works and how the universe works and learn how to apply this knowledge in your trading life. You will soon discover that most of your thoughts are actually meaningless.
When you learn to stay out of reaction you have a chance to thrive in your trading because your brain has spare capacity it now can use to, you guessed correctly design strategies that work for you.
This is what self actualization is all about:
When you have the spare capacity in your mind to allow new information in you will expand. You become more mindful because you are open to seeing new things about yourself, about the world the markets and so on which you had never seen before.
Imagine how the ability to stay out of reaction to anything you experience will set you free. Imagine how much better you feel. More energy fuels creativity and vision. You need both to thrive in your trading career and in your life in general.
Isn’t it time that you started to thrive today?
Mercedes Oestermann van Essen is a thought leader in the field of trading psychology. She is the author of “The Buddhist Trader” and other books on personal development.