Trading tin convey out our worst fears, our greediest ambitions, in addition to our innermost self doubts.
Trading tin too divulge our greatest grapheme strengths: perseverance, creativity, in addition to self mastery.
What is the difference? What determines whether fiscal markets convey out our greatest efforts or our worst biases?
A wealth of inquiry on grapheme strengths suggests that when nosotros depict upon those strengths, nosotros laissez passer higher levels of emotional well-being. Indeed, people who to a greater extent than consistently depict upon their strengths written report lower levels of stress, higher levels of positive emotion, in addition to higher levels of self-esteem over 3 in addition to half dozen calendar month horizons. A study of college students institute that those who are best at making role of their strengths too are around successful at making role of social supports in addition to around probable to ready on successes past times applying their strengths to novel situations.
Optimism fuels performance; successful functioning fuels confidence in addition to self-efficacy; confidence fuels broadened social networks in addition to resources in addition to builds farther competencies. In other words, exercising our greatest strengths alongside the greatest consistency sets upward virtuous cycles that, over time, expand our horizons in addition to abilities.
At the adventure of oversimplification, I would similar to propose a straightforward hypothesis: Some traders are attracted to markets every bit a means to practise their strengths in addition to approximately are attracted to markets to compensate for their weaknesses. This is why trading, similar football game inward the Marv Levy quote, reveals character. Some traders don't desire to function for a living; they don't run into themselves every bit successful inward the world. They thought markets every bit a means to smasher it rich in addition to render them alongside the esteem they lack.
Other traders notice inward markets the functioning challenges that engage their greatest cognitive in addition to emotional strengths. Trading, for them, is an affirmation, non a compensation.
What brings you lot to markets determines what markets convey out inward you. I strongly suspect that is the unmarried greatest determinant of sustained trading success.
Further Reading: The Power of Teamwork
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