Can Emotional Intelligence Be Taught to Improve Trading Results?
Listen to the audio version of this newsletter at the end of the post.
I've noticed a big difference between the profitable traders I work with, the ones who want to break a ceiling of performance, and the unprofitable traders who struggle to stick to their strategies. The gap is found in their Emotional Intelligence (EQ).
The profitable traders learned to keep their composure under tough market situations. They’re armed with techniques and rules that protect them against their triggers and they don't engage in internal debates between their reason and instincts. It's not that they have completely eliminated their "monkey mind", but they’ve found a way to reduce its noise and balance both parts.
The question is: Can one's EQ be developed beyond its current level?
In this edition, we'll dive into the depths of Emotional Intelligence and its profound impact on trading results. We’ll go over:
The building blocks of EQ.
The two different types of self-awareness.
How to fuel motivation in your trading process.
How to manage the conflict between logic and your monkey mind.
How to leverage your strengths to build a process that energizes you.
The art of detaching from outcomes.
By the end of the newsletter, you'll have a clear roadmap for leveling up your EQ.
The task of the week will help you give practical continuation to what you’re about to learn.
Let’s get started!