A lot of success habits don’t spring from our automatic instincts. We have to train ourselves to behave in particular ways.
We need to use the more ‘modern’ part of our brains, in particular, our parental control area called the pre-frontal cortex, to help guide our decisions.
That’s the part of your brain that suggests you shouldn’t eat that extra piece of chocolate cake… or have a bit of fun with that handsome stranger in their car.
I love this quote:
“The right trading behaviors start as rules and evolve into habits.” – Brett Steenbarger
The good news is that through repetition, you can exert conscious willpower to create and alter your own habits. And that’s when the magic happens.
That’s when a behaviour becomes hardwired in the brain. Miraculously, your working memory is less taxed, and you don’t have to exert so much conscious control.
In this episode, Louise covers the latest cutting-edge science about habit formation, and how you can harness your brain’s tendency to want to put things on auto-pilot for your own purposes.
Keep cultivating these success habits and your equity curve will love you.
Research Links Mentioned in the Episode
Synaptic Pruning – https://www.pnas.org/doi/10.1073/pnas.2010281117
Growth mindset – https://nesslabs.com/growth-mindset
Habit measurement, frequency, and rewards –
- https://onlinelibrary.wiley.com/doi/abs/10.1002/ejsp.674
- https://oxfordre.com/psychology/abstract/10.1093/acrefore/9780190236557.001.0001/acrefore-9780190236557-e-129
Neuroplasticity – https://www.sciencedirect.com/science/article/pii/S235215461730089X
If you like this episode and you’re after similar content, you can see more on the IG Master Your Trading Mind Hub: https://www.ig.com/au/master-your-trading-mind
About Louise Bedford
Louise Bedford is a highly accomplished and experienced trader, educator, and author, with over 30 years of experience in the financial markets. She is the co-founder of The Trading Game, and is known for her unique approach to teaching trading psychology and market analysis.
Louise has authored several successful trading books, including Trading Secrets, Charting Secrets, and The Secret of Candlestick Charting. She is also a regular contributor to Ausbiz, the Your Trading Edge magazine, and is the host of the Master Your Trading Mind Hub at IG Markets Australia.
To get in touch with Louise
Facebook: https://www.facebook.com/TradingGame/
Twitter: https://twitter.com/TheTradingGame
LinkedIn: https://au.linkedin.com/in/louise-bedford/
Youtube: https://www.youtube.com/tradinggame
Photo by AbsolutVision on Unsplash
