Using psychological fitness to achieve a positive trading mindset with Shannah Kennedy
Should traders be prioritising their mental wellbeing to succeed? Industry expert Shannah Kennedy explores the mindset required to maintain positivity and excel in trading and other high-performance activities.
Reading time: 25 minutes
Trading level: Beginner
Introduction
It's essential for traders to improve their psychological fitness. Just like training a muscle to become stronger in the gym, we do the same thing with our minds.
Why? The more control you have over your mindset, the more likely you are to explore new fields and be adventurous. It increases your desire to learn. Plus, it improves your resilience.
So, you'll be less likely to quit and more likely to persevere. That's why I've invited Shannah Kennedy to chat with me today. Shannah is one of Australia's foremost strategic life coaches.
She has an incredible career in sports management, working with over 100 Olympic and elite athletes. She's the author of multiple bestselling books, including Simplify, Structure, Succeed, the Life Plan, Simple Strategies for a Meaningful Life and my personal favourite, Shine: 20 Secrets to a Happy Life.
Shannah Kennedy, welcome…
Questionnaire
- What are some of the blocks that you see that mean people aren't living their best life?
- 'One does not find oneself by pursuing it oneself, but on the contrary, by pursuing something else and learning through some discipline or routine'. What do you think of that quote and how should people apply it?
- We've got so many demands on our priorities and in the end, we fall into bed exhausted and haven't had a chance to do that future pacing. What's your advice for people who are experiencing that?
- Tell us more about journaling and how you use it.
- Why should traders keep a trading journal?
- Can elevating an individual's self-awareness and self-care help them get a better output?
- What are you more in favour of, the small step or the gigantic leap?
- What are your thoughts on complexity versus simplicity?
- What are your thoughts about burnout and how we can avoid it?
- Have you got any 'try this at home' tips for us?
This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
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