Skillsfirst Level 3 Certificate in Introduction to Financial Trading (RQF) - UNIT 1: Principles of financial trading
Skillsfirst Level 3 Certificate in Introduction to Financial Trading (RQF) - UNIT 2: Principles of Financial Planning and Cash Flow in Financial Trading
Skillsfirst Level 3 Certificate in Introduction to Financial Trading (RQF) - UNIT 3: Understanding financial trading techniques

THE PSYCHOLOGY OF OPTIMISM

While studying the performance of players and managers in Major League Baseball, and of players and coaches in the National Basketball Association, Seligman found a remarkable correlation: Optimistic teams — as measured by how they talk about their performance in the sports press — play better under pressure than do pessimistic teams.

Seligman developed the concept of “learned optimism” — and applied it directly to workplace productivity. “When pessimistic people run into obstacles in the workplace, in relationships, or in sports, they give up,” he says. “When optimistic people encounter obstacles, they try harder. They go the extra mile.”

How to make it work for you…

Realize that when you react to adversity, you’re reacting not to an event but to how you feel about that event. You may not be able to control what happens to you — but you do have some control over your emotions. When adversity strikes, how you think and what you believe determine how you feel and what you do.

Food for thought…

  • How you handle adversity in the workplace tends to have much more impact on your career than how you handle the good stuff.
  • People who know how to overcome adversity are the ones who rise to the top

It does not take a genius to see that the way you think will help you become the successful online trader that you want to be.

Online trading involves not only trading but also comes with the added task of being your own manager, you are in essence running a business based on your performance, in turn your performance will provide your living.

Therefore, it is important that you also focus on your solutions and not your problems. Which do you want to be?

  • Pessimistic Explanatory Style – Feeling helpless
  • Optimistic Explanatory Style – Feeling self-empowerment

Why it’s important-

These styles have a lot to do with how we react, and talk to ourselves during events that come upon us, we are often unable to influence events, but we have the power to deal with them effectively, this is where positive psychology will be your ally, optimists will always win in the end.

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