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The Ordinary Madness of Markets - Chapter 4

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Published on Feb 8, 2011

http://www.mindfulmoney.co.uk Mindfulness Training for traders: Naming and Taming their 'Inner Demons'

• My role as a psychologist: naming and taming their 'inner demons; the' hidden motivations that could drive them to lose millions

• The demons:

• The booze demon: how hangovers and sleep deprivation impedes their ability to think
• The competition demon: how competing with another trader impedes their judgement
• The debt demon: how debt-related stress impedes their ability to trade rationally

• Mindfulness training: how I learned to anticipate what might drive them off the rails and helped increase their self-awareness by enabling them to stay in touch with their 'inner demons'

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