Special cheers to reader Adam for pointing out this first-class article on mood in addition to its lawsuit on leadership.
Why is this important? Because you are the leader of your ain trading business.
As the article indicates, how nosotros mean value affects how nosotros feel--and that helps to cast our actions. Moods are contagious: nosotros are less productive when nosotros are mired inward frustration in addition to powerlessness.
Trader 1 loses coin in addition to doubles downwards on efforts to receive got away lessons for learning in addition to improving trading. Trader two loses the same total of coin in addition to uses the occasion to vent disgust amongst himself in addition to unseen others that "manipulate markets". Who is to a greater extent than probable to merchandise good the adjacent day?
If yous are your ain employee, how good are yous managing yourself? What sort of morale create yous keep inward *your* trading business?
Adam says it much improve than I do: "Markets are mirrors that demo us to ourselves the agency the footing sees us."
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