How Elite Performance Actually Occurs

 

I believe this is an important post.  Much of what has been written about trading psychology--including what I have written about trading psychology--misses an important dimension of elite performance.

First, an explanation of the above picture.  This is a screenshot from the FreeStyle Libre II blood sugar monitor.  It takes real time readings of your blood sugar via Bluetooth and summarizes the readings over time.  You can think of it as biofeedback for blood sugar.  It's very helpful for those (like me) with diabetes, but also helps anyone stay in the zone between overly high sugar levels (which are associated with fatigue) and overly low ones (which create nervousness and distraction).  

The above picture shows a summary of my readings over the past 90 days.  The device measures the percentage of time when my blood sugar is too high (over 180) or too low (below 70).  As you can see, I've been in the proper zone 99% of the time.  Over the last 7 and 14 days, my percentage of time in the zone has been 100%.  The physicians I've worked with have been quite surprised by this consistency.

When I first started with the feedback, getting to 80% of time in the proper zone was a big accomplishment.  Gradually, I learned what to eat, when to eat, and when to do exercise (which lowers blood sugar readings).  I didn't stop myself from going out to eat and from having treats, but with constant readings, I figured out what to do with insulin and exercise to stay in my zone.  It was a lot of trial and error and a lot of adjustment in real time.

What didn't I do to achieve these readings?  I didn't actively motivate myself.  I didn't engage in exercises for positive mindset.  I didn't meditate or use therapy techniques to alter my behavior.  Rather, I tapped into a couple of my personality strengths (achievement motivation and conscientiousness) and kept taking readings, kept learning from those, and kept making adjustments.  Day after day, multiple times per day.

My pursuit of performance fed my mindset, not the reverse.

What if a path to elite trading is active trading, active collection of detailed data on our trading, and the continuous making of small adjustments?  What if how we lead our own performance--our own self-coaching--is the most important determinant of our trading performance?  

What if the best path to trading performance is to reverse engineer how we have best performed in other life arenas?

Lots of outcome data, lots of adjustments, constant small improvements.  Continuous evolution can create revolutionary results.  

Notice, by the way, that I have sustained these positive changes for quite a few years despite numerous lifestyle changes over that time.  If our performance depends upon our mindset, it will always be fragile.  If our performance follows from a flexible process that we internalize, it will always be robust. 

 Brett Steenbarger, Ph.D

https://traderfeed.blogspot.com/2024/06/how-elite-performance-actually-occurs.html