This session focused on “mindset as a verb,” emphasizing the importance of actively setting one’s mind through structured routines and introspection. Participants were encouraged to utilize a perspective map, analogous to checking higher timeframes in trading, to ensure psychological preparedness.
Key Points:
- Perspective Map Usage:
- Macro View: Assess broader factors like financial situation, relationships, and significant life transitions (e.g., grief, divorce, job changes). These are your psychological higher timeframes.
- Mezzo View: Consider the impact of immediate social and family dynamics. This is your psychological mid-level timeframe.
- Micro View: Examine daily factors such as sleep quality, hydration, and emotions. This is your immediate psychological state.
- Importance of Reflective Routines:
- Daily Assessment: Participants were encouraged to spend at least 15 minutes each morning on self-assessment using the perspective map and feel scale.
- Consistency: The challenge lies in consistency with these practices, not their complexity. Emphasis was placed on making a consistent effort.
- Emotional Intelligence and Trading:
- Naming Emotions: Recognizing and naming emotions is crucial for emotional intelligence and better decision-making in trading.
- Conflicting Emotions: It’s normal to experience conflicting emotions. Recognizing these can provide valuable data for better trading decisions.
- Values-Driven Behavior:
- Motivation: Values are a constant motivator behind actions. Understanding and aligning with personal values can drive consistent effort in trading routines.
“It’s not complicated work, but it’s hard to be consistent. That’s where values come in – they motivate and guide your daily actions.” – Sean Sawyer
Participants were reminded that the effort to understand and act upon one’s emotional and psychological state is akin to ensuring one’s mind is set and prepared for trading, similar to how one would prepare and check all factors before entering a trade.