The Happy Trader Advantage
I would say that I’m generally a happy, upbeat person. My family, for better or worse, has experienced my darker side, but for the most part, I present the world as glass-is-half-full kind of guy. When I’m trading, I certainly try to maintain that same type of optimism. But we are talking about trading. The market has a unique ability of challenging the happiest of traders in new and twisted ways.
This is the reason why I dedicate a number of postings to mindfulness, being in the moment, and the art of the trade. Our mental state of mind has more to do with our success in the market then any method or trading strategy. Simply put, if you look at the world, or the trade, as if ‘they’ are out to get you, you’ll probably get your wish.
The good news is that we can change our perception of the world and by so doing, change our trading results. Positive psychologist Shawn Achor from Harvard University gave a talk at TEDxBloomington in May of 2011. In it he describes the value of a positive psychology and becoming better than average.