There are endless complaints from traders and investors. The most common is a lack of discipline. But it’s not uncommon for those same negotiators who claim to be undisciplined with a history of hours spent studying and planning goals and objectives, for example.
It seems paradoxical that people who are dedicated to overcoming certain aspirations define themselves as undisciplined. Is not discipline the practice of a particular action, in an orderly and diligent manner, with the intent of obtaining a good or definite end?
This is the concept, in this context, not following management, for example, may not refer to lack of discipline, but to some other type of skill development need.
Disengagement and lack of interest are not common features of traders and investors. Quite the contrary, a large part of it has high doses of perfectionism.
If it seems difficult to follow the management, to obey the strategy, and to respect the predetermined amount of negotiation, one can look at the cause that leads to certain situations. By inappropriately and impulsively classifying these limitations as indiscipline, you may miss the opportunity to learn the real problem.
Self-determination theory suggests that if we choose the right goals for the right reasons, we will experience greater engagement, determination, satisfaction, and success. By doing what you really love, want or aspire to, you can facilitate accuracy in carrying out tasks. The source of motivation that a trader adopts may affect his performance and well-being in the financial market.
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Studies based on this theory suggest some organizational behavioral patterns of professional success or failure.
Let’s consider three common motivations for traders: first deals with traders and investors who trade based on broader and more distant goals, and viewing trading as a way to achieve values and goals. These tend to have greater and better job satisfaction as well as greater dedication and proactivity, according to the study.
Unlike those who seem to work only to avoid feelings of shame or failure in the face of frustrating negotiations. This type of stimulus, often unconscious, can cause a high level of anxiety in trading.
The third motive is one that attributes professional success or failure solely to recognition and fame. This perspective causes feelings that limit performance, self-confidence, and well-being.
In this way, complaints inappropriately classified as non-disciplinary will ensure that ineffective ‘medicines’ are prescribed. To maintain commitment, whether it’s preparation or risk management, ask where your motivation comes from. This can improve your results.
Self-awareness (self-concept, self-analysis, and self-knowledge) plays a major role in consistency.
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