FX COACHING
physical energy stores are more readily depleted and your resilience lowers. Focusing on maintaining high energy levels is useful for all traders, and is particularly important during periods of higher stress where interestingly and counter p r o d uct iv ely you are most likely to give up your good energy habits in order to spend more time focussing on the markets.
There are four key areas to address in order to build and sustain physical resilience: • Sleep (6-8 hours per night) •
Nutrition
and hydration (Avoid excessive sugar
and
caffeine) • Exercise (5 x 30 minutes per week of mo de r a t e activity) • Rest and relaxation (recovery and downtime) (Information in brackets based on UK government health agency guidelines for general health and wellness)
GET TOUGH! In trading, ups and downs are the norm not the
20 FX TRADER MAGAZINE October - December 2011
exception. Having the resilience to deal with the downs and to be able to maintain confidence, composure, focus and discipline is essential to long term trading success. Resilience is sometimes seen as a trait, however the work of Seligman
and
Your physical energy impacts on your ability to mobilise and sustain high intensity emotional states
the US Military Comprehensive Soldier
Fitness
pr o g ram d e m on s t ra t e that it is also both
teachable and learnable.
Co m p let e the
resilience
a s se s s m e n t , build on your r esil ie nc e strengths
and
address the areas where you have answered FALSE, perhaps utilizing
perspectives
change or
the
‘Lens’ concept to
by looking at the meaning you are giving to the events and your
explanatory style about them. Steve Ward
Reference: ‘Building Resilience; What business can learn from a pioneering army program for fostering post- traumatic growth’, Martin E.P. Seligman, Harvard Business Review, April 2011
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