The Smartest Trader Gets The Cheese
Building Emotional Intelligence
Improving Your EQ
The smartest trader gets the cheese, right? Not in this game! Smart traders tend to struggle. Huh? That makes no sense…
You’re right it’s strange, but a high IQ does not correlate to high profits. A much better indicator is a high EQ or emotional intelligence.
(High IQ and EQ is a perfect world but hey let’s work with what we’ve got)
A high EQ is like a superpower in trading.
- Better emotional control
- Clearer decisions
- Strong discipline
- Good at handling losses
- Better risk management
Sounds good right?
Today, let’s think about ways to improve your EQ.
Think about your own emotions, how does the market or that last trade make you feel?
Manage stress levels.
You can’t think clearly if you let yourself get stressed out. Take some screen breaks, do some exercise and don’t swing around huge clip sizes!
This is not a self-help book or guide to finding your soul mate… we’re here to boost that PnL… But working on empathy and putting yourself in others’ shoes can give you the ability to see the markets from the perspective of other participants.
Think trapped traders desperately seeking exit liquidity MUHAHAHA.
Did I say that out loud?
I meant “Think of other market participants and their motivation”
Learn from others
Get yourself in a group of traders that talk about EQ, analyse emotions, and decode market moves from the perspective of other traders.
Because sometimes just shifting your environment can have a massive impact on your own thinking.
Get Smarter About Trading
Join 5,000+ traders who subscribe to our Traders Mastermind daily email. Designed to help you cultivate discipline, momentum and consistency in less than 3 minutes per day.
Train Your Mind
Check out this video interview with Andrew Menaker, in particular, the question traders should ask themselves at 12.50…