“Now I spend my day trying to make myself as happy and relaxed as I can be.” – Paul Tudor Jones
When your livelihood depends on your trading performance (and in my case the performance of my traders), you can end up hanging on the results of every trade – a very counter-productive thing to do.
The market is going to do what it does, and no amount of your attention is going to influence it either way.
So why obsess?
If you study the great traders such as Paul Tudor Jones, Ed Seykota, Tom Basso, Ray Dalio and Kyle Bass to name but a few, you will find that they value serenity, peacefulness and happiness as critical to long-term trading success.
Kyle Bass goes deep-sea spear fishing to get in the “zone”. Ed Seykota does not have a trading screen on his office desk. Ray Dalio meditates each day, and Tom Basso’s trading system is not optimized for returns, rather for his comfort level.
Paul Tudor Jones, after suffering a large loss, told himself: “Mr Stupid… why not make your life a pursuit of happiness rather than pain?”
Cultivating a relaxed and happy attitude towards your trading has a number of benefits, including enhanced creativity, fewer mistakes, and greater productivity.
What can you do to make yourself more happy and relaxed?
About the Author
Sam Eder is a currency trader and author of the Definitive Guide to Developing a Winning Forex Trading System and the Advanced Forex Course for Smart Traders (get free access). He is the owner of www.fxrenew.com. If you like Sam’s writing you can subscribe to his newsletter.