The Empowered Trader by Mark Fechner

Learning to Respond to the Market, not just React

Turn off your phone!

with one comment

If it weren’t already clear, trading requires a high degree of concentration. Especially as a day trader, the market can move in literally a blink of the eye. As a coach, some of the simplest answers for a trader’s performance have been to turn off the phone, shut down the email, and put a do not disturb sign on the office door. Early in my own trading career, it took several loosing trades and a few words with my spouse to understand that I can’t be a part of a discussion about dinner when I’m looking at charts.

If that didn’t already convince you, an article by Joanne Cantor, PhD, gives us even more evidence that our multi-tasking society has no place in the trading world. Don’t Speak ‘Til You See the Whites of Their Eyes talks about the limited capacity of our brain to do a number of tasks at the same time. When we’re engaged in the market and risking money in the process, that capacity becomes even more taxed.



Written by etradingcoach

June 12, 2013 at 4:41 pm

Posted in Decisions, Mindfulness

One Response

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  1. […] 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 […]

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