Trading Got You Stressed? Checkout These 3 Tips For Unwinding
Trading is one of the most stressful jobs on the planet. While it may not be physically dangerous or demanding, the incredible complexity and high stakes involved take their physical and mental toll nonetheless. Successful traders need to be at the top of their game at all times, and this means learning to deal with the inevitability of trading stress.
We talked to some of our top traders who have offered their top 3 tips for dealing with trading stress and ensuring that they are always operating at peak performance, no matter what the market throws at them.
Eat Well and Get Plenty of Sleep
Trading stocks is a high intensity and focused profession, so it is easy to fall into the trap of living off the buzz and adrenaline that accompanies the constant flow of trades and new information. However, this is the number one pitfall for new traders, and traders who do not establish a healthy eating and sleeping routine will soon find that their judgment becomes clouded and they lose their essential trader’s cool.
All traders should have a healthy regular routine, including plenty of sleep and healthy, wholesome meals that provide the nutrients and energy that they need to sustain an optimal level of performance day after day.
Not only does physical exercise play into the need for a healthy routine and lifestyle, but it is also a great way to eliminate stress and blow off steam, which any trader is bound to accumulate from the day to day challenge and frustration of dealing with complex and often fickle markets.
Exercise will help you to center your mind and maintain your focus, as well as offering a serene escape from the highly cerebral task of trading. Being able to forget everything and lose yourself in an intense exercise routine allows you to come back to trading with a fresh mind and a renewed determination to succeed.
Many new traders will scoff at the idea of meditating…until they try it. Old hands know that trading is a constant mental game played against your own faults, biases and errors of judgment. Meditation provides you with the time to establish inner clarity and find a solid foundation of confident serenity from which you can view the markets impassionately.
The greatest traders are more monk than rock star, and meditation is the key to washing away the constant build up of stress and establishing the ideal state of mind for achieving trading success.
A Simple and Healthy Lifestyle Allows Traders to Perform at Their Best
Trading is an incredibly exacting profession, and to perform at your best you need to ensure that you are always at an optimal physical and mental state. This requires a healthy routine of eating, sleeping, exercise and meditation.
By ensuring that you are performing at your best each and every day, you provide yourself with the best possible chance of dealing with the ups, downs and sideways of the market, and achieving the trading success that you have worked so hard for.