Showing posts sorted by relevance for query self-efficacy-and-psychology-of. Sort by date Show all posts
Showing posts sorted by relevance for query self-efficacy-and-psychology-of. Sort by date Show all posts

Saturday, November 2, 2019

Info!! Preparation, Performance, In Addition To The Hold Off Of Success

Thanks to Bella of this link that illustrates what lies behind greatness. We encounter a immature basketball game histrion similar JaShaun together with nosotros intend of inborn talent. What nosotros don't encounter is the many hours, days, weeks, months, together with years of training needed to hone that talent into skill.

Each weekend I pass several hours scouring my indicators, reading the best weblog posts together with articles I tin find, together with reviewing my trading functioning from the by week.

Out of that comes a tentative game plan: an thought of where I intend markets are headed, an thought of alternate scenarios, specific plans for trading those scenarios, together with concrete goals for improving my trading over the by week.

Week subsequently week, that training adds up. It builds a sense of mastery together with fuels confidence. There is null that beats the feeling of stepping into the arena together with knowing that you lot *deserve* to win because you lot are prepared.

I used to convey that feeling inward college. I'd pass all-nighters studying for tests, piece others slept or partied. I'd endure exhausted sitting for the test, but it didn't matter. Sheer adrenaline--and the noesis that I knew the cloth cold--pushed me through the exam. I knew that if I didn't convey a 3.5 cumulative average, I wasn't going to clinical psychology grad school. That pushed me, together with I pushed harder equally my college career progressed. My GPA inward my final ii years was only shy of 3.9.

When I walked into the try room, I *knew* I had a skillful shot to ace the test. It was a smashing feeling. Later, I would convey that feeling equally a psychologist. As a novel professional, I would inquire for the toughest emergency cases--the suicidal clients, the hard to process problems--because I knew I had a training edge. I wanted the ball inward my hands when the clock was ticking down.

It's non overconfidence, together with it's non cockiness. It's beingness prepared together with knowing that deep inward your being. It's the greatest feeling inward the world, together with it's the i that I encounter inward the eyes of together with thus many great, smashing traders.

More:

Greatness inward Life together with Trading

this link that illustrates what lies behind greatness. We encounter a immature basketball game histrion similar JaShaun together with nosotros intend of inborn talent. What nosotros don't encounter is the many hours, days, weeks, months, together with years of training needed to hone that talent into skill.

Each weekend I pass several hours scouring my indicators, reading the best weblog posts together with articles I tin find, together with reviewing my trading functioning from the by week.

Out of that comes a tentative game plan: an thought of where I intend markets are headed, an thought of alternate scenarios, specific plans for trading those scenarios, together with concrete goals for improving my trading over the by week.

Week subsequently week, that training adds up. It builds a sense of mastery together with fuels confidence. There is null that beats the feeling of stepping into the arena together with knowing that you lot *deserve* to win because you lot are prepared.

I used to convey that feeling inward college. I'd pass all-nighters studying for tests, piece others slept or partied. I'd endure exhausted sitting for the test, but it didn't matter. Sheer adrenaline--and the noesis that I knew the cloth cold--pushed me through the exam. I knew that if I didn't convey a 3.5 cumulative average, I wasn't going to clinical psychology grad school. That pushed me, together with I pushed harder equally my college career progressed. My GPA inward my final ii years was only shy of 3.9.

When I walked into the try room, I *knew* I had a skillful shot to ace the test. It was a smashing feeling. Later, I would convey that feeling equally a psychologist. As a novel professional, I would inquire for the toughest emergency cases--the suicidal clients, the hard to process problems--because I knew I had a training edge. I wanted the ball inward my hands when the clock was ticking down.

It's non overconfidence, together with it's non cockiness. It's beingness prepared together with knowing that deep inward your being. It's the greatest feeling inward the world, together with it's the i that I encounter inward the eyes of together with thus many great, smashing traders.

More:

Achieving Trading Greatness

this link that illustrates what lies behind greatness. We encounter a immature basketball game histrion similar JaShaun together with nosotros intend of inborn talent. What nosotros don't encounter is the many hours, days, weeks, months, together with years of training needed to hone that talent into skill.

Each weekend I pass several hours scouring my indicators, reading the best weblog posts together with articles I tin find, together with reviewing my trading functioning from the by week.

Out of that comes a tentative game plan: an thought of where I intend markets are headed, an thought of alternate scenarios, specific plans for trading those scenarios, together with concrete goals for improving my trading over the by week.

Week subsequently week, that training adds up. It builds a sense of mastery together with fuels confidence. There is null that beats the feeling of stepping into the arena together with knowing that you lot *deserve* to win because you lot are prepared.

I used to convey that feeling inward college. I'd pass all-nighters studying for tests, piece others slept or partied. I'd endure exhausted sitting for the test, but it didn't matter. Sheer adrenaline--and the noesis that I knew the cloth cold--pushed me through the exam. I knew that if I didn't convey a 3.5 cumulative average, I wasn't going to clinical psychology grad school. That pushed me, together with I pushed harder equally my college career progressed. My GPA inward my final ii years was only shy of 3.9.

When I walked into the try room, I *knew* I had a skillful shot to ace the test. It was a smashing feeling. Later, I would convey that feeling equally a psychologist. As a novel professional, I would inquire for the toughest emergency cases--the suicidal clients, the hard to process problems--because I knew I had a training edge. I wanted the ball inward my hands when the clock was ticking down.

It's non overconfidence, together with it's non cockiness. It's beingness prepared together with knowing that deep inward your being. It's the greatest feeling inward the world, together with it's the i that I encounter inward the eyes of together with thus many great, smashing traders.

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Friday, December 21, 2018

Info!! Reaching The Adjacent Degree Of Trading Performance

Einstein observed that nosotros cannot solve our problems amongst the same degree of thinking that created them.  In other words, problems be inwards our deficiencies of perspective.  Once nosotros accomplish a adjacent degree of perception, thought, in addition to analysis, problems tin hand the sack hand means to solutions.  An of import contribution of mentors in addition to coaches is to innovate us to adjacent levels of thinking.  If nosotros are locked into our one-time modes of perception in addition to thought, nosotros volition live on locked into our degree of performance.

On Wednesday, July 19th, I'll live on speaking at Stock Twits' minute ever Futures Forum inwards New York City.  We'll live on coming together at Slattery's Midtown Pub in addition to enjoying nutrient in addition to drink--and I'll live on presenting cardinal ideas regarding getting to the adjacent levels of trading performance. (Registration information for that gratuitous effect can live on establish here).

One really of import consider is that most e'er nosotros are already performing at that adjacent degree of functioning on roughly occasions.  It is when nosotros are at our best that nosotros tin hand the sack clearly perceive our adjacent degree of development.  That is what nosotros are laid upwardly for.  That is what nosotros are already capable of.  At times, nosotros are closer to our goals; at times nosotros are to a greater extent than distant.  When nosotros clearly position what we're doing when nosotros are nearer to our ideas, nosotros firstly to slice together a roadmap for getting to our adjacent level.

What are yous doing good directly in addition to how are yous doing those things?

Those are roughly of the most of import questions inwards trading psychology.  Our adjacent degree of thinking is the thinking we're doing when we're performing at our best.

Further Reading:  Building Self-Efficacy
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Wednesday, March 4, 2020

Info!! Setting Effective Trading Goals

In my recent post, I described goals equally bridges from the existent self to our ideals. Research inwards psychology suggests that goals serve equally tools for self-regulation, helping us command in addition to straight our actions toward desired ends. Properly set, goals fulfill several purposes:

1) Motivation - Goals tin inspire us to accept the efforts needed to meliorate performance;

2) Learning - When goal-setting is followed past times feedback in addition to and then past times farther goal-setting, nosotros usage loops that accelerate our learning;

3) Self-Efficacy - When nosotros develop challenging, but attainable goals, nosotros build our feel of confidence in addition to competence.

Research has flora that goal-setting increases surgery inwards sports in addition to it tin similarly elevate trading outcomes. A far-reaching review finds that how goals are develop real much impacts their effectiveness. Effective goals must hold out of import to the performer in addition to must inspire commitment. While absolute resultant goals tin hold out inspiring (such equally setting a P/L destination for the year), to a greater extent than immediate procedure goals that pertain to day-to-day trading are merely about probable to generate feedback, review, in addition to learning.

Among the merely about of import procedure goals for traders are:

1) Risk administration goals - Goals pertaining to merchandise sizing in addition to drawdowns;

2) Idea generation goals - Goals pertaining to the procedure of generating audio trading ideas in addition to formulating these into plans;

3) Execution goals - Goals pertaining to implementing merchandise ideas/plans therefore equally to maximize vantage in addition to minimize risk;

4) Position administration goals - Goals pertaining to the administration of positions in ane lawsuit they're entered, including hedging in addition to scaling in/out;

5) Portfolio administration goals - Goals pertaining to achieving expert diversification amid ideas in addition to allocating uppercase effectively to those ideas;

6) Self-management goals - Goals pertaining to maintaining a constructive mindset for optimal decision-making;

7) Personal, non-trading goals - Goals that reverberate desired outcomes inwards areas of life exterior trading that powerfulness tumble over into trading performance, including physical fitness, relationships, spirituality, etc.

Not all these goals volition utilise to all traders, but these are the ones I come across merely about oft inwards my work. Each goal, to hold out effective, must hold out grounded inwards a vision of one's ideals, therefore that surgery tin hold out measured in addition to steps tin hold out taken to address shortcomings. Effective goals are to a greater extent than than expert intentions: they are emotional commitments to cultivate the self.
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