Understanding Our Habits
Habits make up a significant proportion of everyone’s daily lives, often without us even realising it. Habits are quite simply patterns or behaviours repeated over time, day after day, until they become second-nature to our subconscious. It’s thought that our brains have evolved this little trick to better carry out the more mundane humdrum tasks without having to spend energy consciously think about them each time. The added benefit of this is that it allows us to free up thinking space for other things.
As everyone has likely experienced to some degree, it’s all too easy to get trapped in these patterns of behaviour. Many habits are perfectly innocuous; for example, making your coffee in the same specific mug when you wake up in the mornings is hardly going to have a huge positive or negative influence on the rest of your day. That’s just the natural behaviour you default to in the mornings before you sit down to work, right?
However, when we notice a more problematic habit it’s easy to find ourselves wishing things could be different. For instance, you might find yourself wondering why you’re still at a dead-end job you’ve been at for years when you know you have the skills to do something greater; somewhere with more room for growth. Why are you seemingly stuck in a rut when you have the capacity to do better? Often the simple answer is that change is hard. Starting a new job can be both difficult and scary. Whereas with your current job, even if it’s unsatisfying, you know the risks and you can go through the motions without too much difficulty.
How Habits Are Formed
A sure-fire way to break a bad habit is to replace it with a new one. Due to the way habits form they often become a quick reaction to a specific stimulus or in a certain context so the science behind how habits are formed hinges entirely on associations and conditioning the mind. That is, if you want to form a new habit you should condition yourself to associate a certain stimulus or situation with the action you want to encourage. Successful habit forming relies on linking specific and attainable goals with clear and engaging cues. Goals that are too vague or broad, like “I want to trade more successfully” will dissolve easily. Whittle anything too ambiguous down; break them down to its component parts and you’ll soon get there, step-by-step with more concrete intentions.
What’s The First Thing You Do When You Sit Down To Work In The Morning?
Whether you’re sitting down at the beginning of your day job or about to start trading, it’s always a good idea to have a plan of action firmly in place to make the most of your time and your trades. That’s why one of the first things we teach our students is the importance of having a solid trading plan to refer back to when you feel unsure or start to doubt your process. We know that it’s easy to make rash decisions in the heat of the moment, especially when if we start to feel overwhelmed or feel the urge to make revenge trades following a loss.
You need to ensure you review your plan at the beginning of each day; slowly but surely you will begin to associate this context with the action. Committing to this pattern over and over again will lead to this behaviour happening without any conscious effort and will mean you are more naturally inclined to consider your action plan when you find yourself starting to slip back into an old pattern of behaviour.
The Importance Of A Trading Education
Psychology, routine, personality, strategies, software and training are incredibly important for being able to reliably make money from trading. Whether this is your first time taking on the forces of the market or you’ve had limited success and want to improve that potential, we have a course that’s right for you. If trading sounds interesting to you, then please remember to check out Learn To Trade Online; it’s a FREE one-day training course that we regularly hold and covers day trading, swing trading and many of the basic concepts.
Are you ready to start your trading education? Good news, registration is now open for our Pro-Trader Programme! Join now and learn how to generate a reliable second income that fits around your professional schedule or even turn trading into your full-time job. Click here for more information.