As Jim Loehr has pointed out, many times the difference is one of psychological and physical energy. How many times have we seen a basketball team make an attempt at a comeback, only to run out of gas late in the game and ultimately fall short? The same thing happens in the boxing ring: fatigue makes cowards and weaklings of the best fighters.
Less well appreciate are the effects of mental fatigue. We have free will only to the degree that we can direct ourselves in goal-oriented ways. When we are burned out, overwhelmed, or just plain tired, we lose that capacity for direction. We drift, rather than act with intent. Even our minds drift, rather than stay focused on goals.
It's important to recognize that fatigue is not just something that happens to us, but also something that we actively do: we fatigue ourselves with low-yield activities, negative self-talk, and the frustration of unmet needs.
If you think of our minds and bodies as houses, we have dozens of leaky windows from which energy escapes. We compensate with excessive eating, caffeine consumption, drugs, and thrill-seeking, only to see that energy dissipate as well. Until we repair and replace those windows, we will always operate inefficiently, on partial energy.
Without sufficient psychological energy, we cannot escape the gravity of habit.
That is a major reason why we repeat the same problem patterns, why we cannot muster the energy to stick to plans and intentions, and why we procrastinate when we know we should act. The energy we need to direct our lives has flown out the window.
What we do outside of trading either provides or saps energy for our market challenges. How we eat, how we exercise, how we think, how we utilize our time: all either give energy or take it away.
Life is a training camp for elite performers; that is what gets them to the proverbial next level.
Related Readings:
The Heroic Dimensions of Trading
Gurdjieff, Turtles, and Trading
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The Heroic Dimensions of Trading
Gurdjieff, Turtles, and Trading


4 comments:
"Life is a training camp for elite performers; that is what gets them to the proverbial next level."
YES!
Some of your posts motivate me so much. This is one of those posts.
I use a multitude of sources to draw on for continued motivation and drive to reach my goals in life. Your blog is one of those sources. Thank you. That quote is going on my wall.
Sincerely,
-Matthew Fahmie
"many times the difference is one of psychological and physical energy"
I have noticed this many times in my own life. We can definitely go that extra mile if we can overcome psychological fatigue... not so sure how to overcome the physical fatigue though. Maybe the limits can be stretched with exercise, and better food habits.
--
Thanks
Parag Shah
great stuff - timely and useful as ever!
thanks!
It was a brutal year, and I sat on the sidelines during most of the post-March rally.
I left trading for three weeks and didn't read a single internet source or news source. I came back to the market without any idea of what the Fed is doing or how inflation/deflation is playing out, or any other thing.
I watched for my old, reliable setups, and swore that I'd be patient.
I found one. I'm profitable and back in the game ... sometimes a change in perspective and energy is exactly what the doctor ordered.
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