Mike Bellafiore at SMB of late released a video close our upcoming complimentary webinar on maximizing your learning procedure equally a trader. The webinar is hosted yesteryear Wealth365 too volition endure held this coming Midweek (April 11th) at 5:00 PM Eastern time. Mike's video captures a expose of the topics we'll endure covering; hither is the link to register for the event.
What I discovery inward working alongside traders is that their progress--and, specifically, their mightiness to conform to changing marketplace conditions--are highly subject upon the lineament of their learning processes. In a nutshell, traders oftentimes practice non procedure market-relevant information inward a fashion that is consistent alongside their cognitive strengths. This holds dorsum their learning, too that holds dorsum their profitability.
I kickoff encountered this dynamic when I ran a counseling service for medical students inward Syracuse. Many students sought the service because of "academic stress": they were non doing good inward their courses too were worried close failing courses, non getting a expert residency, etc.
The traditional approach to helping these students was to render "stress management" techniques. These were helpful inward managing the symptoms, I found, but did non address the drive of the problems. The medical students were expert students--they got into med schoolhouse for a reason--but they had really distinctive too dissimilar learning strengths.
Some students were dandy at taking notes too learning from those. Others learned best inward groups, discussing the material. Still others had to rework the lectures too readings too practice their ain charts too diagrams to assimilate the information.
And the students who performed best had multiple ways of processing the information from lectures too clinical rounds. Encountering the information inward many modalities--hearing it, writing it, discussing it, visualizing it--helped the students retain the information. Just equally important, processing the information inward multiple ways allowed them to amend access the information when it was tested inward dissimilar ways: through multiple alternative questions, assay questions, clinical presentations, etc.
This is key; delight pay attention: Because each marketplace hateful solar daytime is different, it tests us inward dissimilar ways. Sometimes it asks a multiple alternative question; sometimes it asks for a lengthy essay. If nosotros solely procedure information inward ane way, nosotros volition solely endure prepared if markets line for information inward that item way. We lose flexibility. It is inward active, varied processing that nosotros acquire faster, deeper, too to a greater extent than flexibly.
This idea, which nosotros don't typically meet inward the trading psychology world, is a full game changer. It's non simply close trading your plan, listening to your emotions, staying focused, etc. Those are all necessary for success, but non sufficient. If you're non immersing yourself inward marketplace information inward ways that are aligned alongside your cognitive processing strengths, you lot volition e'er endure underprepared relative to your potential.
In my segment of the webinar, I volition beak over specific strategies for improving our processing of marketplace information too supercharging our learning. Look frontward to seeing you lot there!
Brett
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