EMOTIONAL BURNOUT OF A TRADER
Hello, dear friends!
This post goes as a continuation of the previous two, so if you haven't read it, I highly recommend it (link in pinned post)!
Today we are talking about <<EMOTIONAL BURNOUT OF A TRADER >>. I think it's a pretty relevant topic.
Let's look at more general problem. Burnout, which is characterized by apathy, laziness, loss of interest in trading, and generally reduced vitality, probably most accurately describes state, that most of us well know.
Most traders are always emotionally extremely involved in the trading process, but sometimes even the most psychologically stable can give up.
About a year ago, at the very beginning of active trading, the once active beginner was full of enthusiasm and hopes for a brighter future. The head was slightly spinning from the huge financial prospects, and this gave an additional incentive to work. Such a trader at times could even forget to eat or sleep for the required number of hours.
However, by the end of the first year, the results didn't live up to expectations, and on the contrary, it turned out that were more difficulties than joys. He begins to feel, that all his efforts are in vain and lead nowhere. This causes him to lose interest in trading and become more and more apathetic towards this activity. Thoughts come, does he need it at all, all this trading ...
What hidden negative beliefs drive this trader's growing lack of motivation? The list might look something like this:
🔴 “All my efforts are leading me nowhere. I'm not moving anywhere: one step forward and two steps back."
🔴 "Nothing I've tried to do, didn't works, so my dreams have failed"
🔴 “A trader needs to be born or have a talent for this occupation. I may never be destined to be a trader.”
🔴 “Trading systems and strategies, that work for others don't work for me. There's something wrong with me"
🔴 "Maybe I'm just unlucky"
🔴 “Doing the same thing over and over and expecting a different result is crazy. I'll go crazy if I keep doing this."
It's easy to see how a list of such or similar setups can negatively affect a trader's self-esteem and make him feel negative about his own efforts. He actually spirals into apathy, at least as far as his trade is concerned.
The problem is that the more multidirectional and chaotic efforts such a trader makes in his work, the worse the result becomes and the more he is convinced of his negative statements.
Of course, it is impossible to change your own thoughts in an instant, but you can start working with it systematically.
Thought is the foundation and catalyst of action. By changing the paradigm of thinking, we will inevitably change the quality of our actions.
🟢 “You can quit everything, but that's not the best way. Although I feel, that I'm marking time, but during this time I have learned a lot, learned a lot and continue receive new knowledge every day. Quantity will turn into quality, and I'll be able to move more intensively towards my goal."
🟢 “While things I have tried haven't bring me a results I want, but it doesn't mean my future efforts won't get me what I want. I have a huge knowledge base compared to a year ago. It will help me succeed.”
🟢 “No one is born to be successful at anything, and trading is no exception. If I really like trading, I can find a way to get good results.”
🟢 "I'm alright. Systems and trading algorithms, that don't work for me are systems that I either misapply or may not fit my personality. But there is a trading strategy, that is perfect for me, and I will create it myself.”
🟢 “The factor of luck is certainly present in my life, but it's not decisive. After all, my hard work will help me move forward. My intellectual baggage and everything I have learned during this time will help me gain control of my life."
🟢 “Maybe I should consider some changes in my life and work, but it's not crazy, I believe, that daily hard work eventually leads to success. Anyone who has ever become an expert at something or been successful has experienced failure. In any case, I always have the opportunity to seek qualified help if I need it to move forward faster.”
These new mental attitudes are much healthier and can help the trader to reconfigure their behavior. Thought is the foundation and catalyst of action. By changing the paradigm of thinking, we will inevitably change the quality of our actions. This applies to absolutely any activity. The examples discussed above illustrate how reformulation of internal dialogues can lead us to a change in the quality of attitudes, to a deeper self-awareness. It gives us an opportunity to make more reasonable and accurate decisions during trading, and in general.
I hope you enjoyed this post, write in the comments what else you would like to see in my next posts!
Stay with me, subscribe, for not get lost. I will be glad to see your activity by clicking 👍 like button ♥️
Always Sincerely Yours Rocket Bomb 🚀💣
This post goes as a continuation of the previous two, so if you haven't read it, I highly recommend it (link in pinned post)!
Today we are talking about <<EMOTIONAL BURNOUT OF A TRADER >>. I think it's a pretty relevant topic.
Let's look at more general problem. Burnout, which is characterized by apathy, laziness, loss of interest in trading, and generally reduced vitality, probably most accurately describes state, that most of us well know.
Most traders are always emotionally extremely involved in the trading process, but sometimes even the most psychologically stable can give up.
About a year ago, at the very beginning of active trading, the once active beginner was full of enthusiasm and hopes for a brighter future. The head was slightly spinning from the huge financial prospects, and this gave an additional incentive to work. Such a trader at times could even forget to eat or sleep for the required number of hours.
However, by the end of the first year, the results didn't live up to expectations, and on the contrary, it turned out that were more difficulties than joys. He begins to feel, that all his efforts are in vain and lead nowhere. This causes him to lose interest in trading and become more and more apathetic towards this activity. Thoughts come, does he need it at all, all this trading ...
What hidden negative beliefs drive this trader's growing lack of motivation? The list might look something like this:
🔴 “All my efforts are leading me nowhere. I'm not moving anywhere: one step forward and two steps back."
🔴 "Nothing I've tried to do, didn't works, so my dreams have failed"
🔴 “A trader needs to be born or have a talent for this occupation. I may never be destined to be a trader.”
🔴 “Trading systems and strategies, that work for others don't work for me. There's something wrong with me"
🔴 "Maybe I'm just unlucky"
🔴 “Doing the same thing over and over and expecting a different result is crazy. I'll go crazy if I keep doing this."
It's easy to see how a list of such or similar setups can negatively affect a trader's self-esteem and make him feel negative about his own efforts. He actually spirals into apathy, at least as far as his trade is concerned.
The problem is that the more multidirectional and chaotic efforts such a trader makes in his work, the worse the result becomes and the more he is convinced of his negative statements.
Of course, it is impossible to change your own thoughts in an instant, but you can start working with it systematically.
Thought is the foundation and catalyst of action. By changing the paradigm of thinking, we will inevitably change the quality of our actions.
🟢 “You can quit everything, but that's not the best way. Although I feel, that I'm marking time, but during this time I have learned a lot, learned a lot and continue receive new knowledge every day. Quantity will turn into quality, and I'll be able to move more intensively towards my goal."
🟢 “While things I have tried haven't bring me a results I want, but it doesn't mean my future efforts won't get me what I want. I have a huge knowledge base compared to a year ago. It will help me succeed.”
🟢 “No one is born to be successful at anything, and trading is no exception. If I really like trading, I can find a way to get good results.”
🟢 "I'm alright. Systems and trading algorithms, that don't work for me are systems that I either misapply or may not fit my personality. But there is a trading strategy, that is perfect for me, and I will create it myself.”
🟢 “The factor of luck is certainly present in my life, but it's not decisive. After all, my hard work will help me move forward. My intellectual baggage and everything I have learned during this time will help me gain control of my life."
🟢 “Maybe I should consider some changes in my life and work, but it's not crazy, I believe, that daily hard work eventually leads to success. Anyone who has ever become an expert at something or been successful has experienced failure. In any case, I always have the opportunity to seek qualified help if I need it to move forward faster.”
These new mental attitudes are much healthier and can help the trader to reconfigure their behavior. Thought is the foundation and catalyst of action. By changing the paradigm of thinking, we will inevitably change the quality of our actions. This applies to absolutely any activity. The examples discussed above illustrate how reformulation of internal dialogues can lead us to a change in the quality of attitudes, to a deeper self-awareness. It gives us an opportunity to make more reasonable and accurate decisions during trading, and in general.
I hope you enjoyed this post, write in the comments what else you would like to see in my next posts!
Stay with me, subscribe, for not get lost. I will be glad to see your activity by clicking 👍 like button ♥️
Always Sincerely Yours Rocket Bomb 🚀💣
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💰 I'm using Bybit and I highly recommend it to You
bybit.com/invite?ref=7X0W2A
Boost Your TV account🚀
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