Mind over matter: Especially important under lockdown conditions
Anyone involved in the trading community will know of the plethora of classes, coaches, gurus and what not out there willing to turn you into an overnight success. Each has their special angle, be it motivation, risk control, discipline and Zen Buddhism. There are also excellent text books, one of the oldest of its kind is Dale Carnegie’s 1936 ‘How to win Friends and Influence People’. Now available as an audiobook which I think is currently free on Alexa hardware.
The world of sport has embraced coaches who include psychology and team spirit into their training programmes. Jurgen Klopp’s success this year in building Liverpool FC into a seriously cohesive team – while adding to his obvious charisma – is the latest in a long line. Cricket too has started to focus on the team as a whole and the camaraderie between players, as well as bowling versus batting skills. Cycling Team GB were well ahead in the analysis and data collection of the whole Olympic team’s performance.
The Covid-19 pandemic and lockdown conditions imposed have seen the spotlight turn on inequality, precarious income, and living spaces. Here I’m thinking more specifically about outdoor space, be it a balcony, garden, access to the countryside or the shoreline. More importantly, it’s green spaces that really matter. The medicinal use of plants has been going for millennia, and last century the restorative powers of being outdoors in pleasant surroundings was acknowledged by hospitals.
With working from home, permanently or part-time, now an increasing reality, anecdotal evidence suggests many are contemplating moving away from hipster mega-city locations to something more rural. First-time allotment holders are on the rise, though making it pay can take a lot of long learning. With perseverance the average sized plot of 10 rods/perches/poles (an Anglo-Saxon measurement of about 250 square metres) can keep a family of 4-6 in fruit and veg all year; an uncle of mine did.
The Financial Times has suggested some books to read on the subject. These are NOT ‘how to’ garden books or plant lists; they focus on the link between plants and wellbeing.
Tags: Behavioural finance, Space, Trading Coaches
The views and opinions expressed on the STA’s blog do not necessarily represent those of the Society of Technical Analysts (the “STA”), or of any officer, director or member of the STA. The STA makes no representations as to the accuracy, completeness, or reliability of any information on the blog or found by following any link on blog, and none of the STA, STA Administrative Services or any current or past executive board members are liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. None of the information on the STA’s blog constitutes investment advice.
- STA Diploma Part 1 goes digital: Because university premises are shuttered September 25, 2020
- Introducing our next speaker: Charlie Morris, a regular at STA monthly meetings September 16, 2020
- Colours, clashes and clichés: How and why use colourful charts September 4, 2020
- Confidence and the Corona Virus: What are consumers to make of it all? August 27, 2020
- How best to present technical analysis: Media formats and delivery systems August 21, 2020