Archives of “coping strategies” tag

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How do *your* coping efforts work for you?

  
  Education
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How about after you have a few winning trades, days, or weeks in a row? Do you trade better or worse? Breaking down your performance as a function of recent performance will tell you a great deal about how effective you are in coping with risk and reward.

The other excellent indicator of whether your coping is working for you is your emotional experience during trading. If you find that anxiety, overconfidence, frustration, and stress are pushing you into poor decisions, you know that you’re not coping well with the uncertainties of markets.

Finally, it is helpful to identify the sequences of coping behaviors that you utilize when you’re making good decisions and the sequences when you’re trading poorly. Knowing how your individual coping responses come together to form coping strategies can help you cultivate your coping strengths.

Tracking how you deal with challenges when you are at your most effective enables you to create a mental model of that coping that you can call upon during periods of high stress. We cannot avoid the stresses of trading, but those do not have to generate distress and biased decisions.Take a look at how well you trade after a position has gone against you. Do you trade better after a drawdown or worse?

How do *your* coping efforts work for you?

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #

Take a look at how well you trade after a position has gone against you. Do you trade better after a drawdown or worse?

How about after you have a few winning trades, days, or weeks in a row? Do you trade better or worse? Breaking down your performance as a function of recent performance will tell you a great deal about how effective you are in coping with risk and reward.

The other excellent indicator of whether your coping is working for you is your emotional experience during trading. If you find that anxiety, overconfidence, frustration, and stress are pushing you into poor decisions, you know that you’re not coping well with the uncertainties of markets.

Finally, it is helpful to identify the sequences of coping behaviors that you utilize when you’re making good decisions and the sequences when you’re trading poorly. Knowing how your individual coping responses come together to form coping strategies can help you cultivate your coping strengths.

Tracking how you deal with challenges when you are at your most effective enables you to create a mental model of that coping that you can call upon during periods of high stress. We cannot avoid the stresses of trading, but those do not have to generate distress and biased decisions.

How do *your* coping efforts work for you?

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #

effortTake a look at how well you trade after a position has gone against you. Do you trade better after a drawdown or worse?

How about after you have a few winning trades, days, or weeks in a row? Do you trade better or worse? Breaking down your performance as a function of recent performance will tell you a great deal about how effective you are in coping with risk and reward.

The other excellent indicator of whether your coping is working for you is your emotional experience during trading. If you find that anxiety, overconfidence, frustration, and stress are pushing you into poor decisions, you know that you’re not coping well with the uncertainties of markets.

Finally, it is helpful to identify the sequences of coping behaviors that you utilize when you’re making good decisions and the sequences when you’re trading poorly. Knowing how your individual coping responses come together to form coping strategies can help you cultivate your coping strengths.

Tracking how you deal with challenges when you are at your most effective enables you to create a mental model of that coping that you can call upon during periods of high stress. We cannot avoid the stresses of trading, but those do not have to generate distress and biased decisions.

Does Religion Serve a Purpose?

  
Analysis, Education, Video
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This lecture by professor Paul Bloom of Yale starts with the observation that religion serves no obvious adaptive purpose. I find that a little surprising since it is well documented that people who have a make generally accurate appraisals of themselves and their environment are depressed (notice it is not clear which way causality runs). Since optimism is considered to be adaptive, and most religions have a point of view as to what death is all about and what if anything happens afterwards, I would think that giving people coping strategies about the inevitability of death would be adaptive. As I wrote last year:

In the Indian epic Mahabharata, Yudhisthira goes looking for his missing brothers, who went searching for water. He finds them all dead next to a pond. In despair, but still parched, he is about to drink, but a crane tells him he must answer some questions first. The last and most difficult: “What is the greatest wonder of the world?” Yudhisthira answers, “Day after day, hour after hour, countless people die, yet the living believe they will live forever.”

And as Americans have become more and more work focused, and as job tenures become shorter and people often have to move in search of gainful employment, the idea of community as a place seems quaint. As this video suggests, houses of worship may be the only place most people find community these days. I doubt that is a healthy development.

And this DOES relate to the Super Bowl! The Center for Public Religion has found that 1/3 of Americans think God decides the outcome of sporting events. He does not do so directly, by having favorite teams (too tacky!) but by favoring teams with more God-fearing athletes.

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