Nov 19, 2006
By: Alvaro Fernandez
Brett Steenbarger, the renowned expert in Trader Performance and author of the blog TraderFeed: Exploiting the edge from historical market patterns, among many things, just posted a kind note on our Peak Performance/ emotional management solution for traders.
He says: “This is the first biofeedback application that I’m aware of that is uniquely marketed to traders. I’ve used biofeedback to monitor my body’s level of arousal during trading and have found it to be quite useful.”
How does this work?
Traders, or anyone involved in very complex and rapidly evolving environments, need to make split second decisions based on sound logic, instead of emotional impulses. It is not easy to deal with frustration, for example, when a trade doesn’t go the way we anticipate. Stress can also cause us to miss new patterns in the market, thereby preventing us from adapting to, and succeeding in, new circumstances.
A biofeedback-based Peak Performance/Stress Management program may be useful, because a tool such as The Freeze-Framer biofeedback system provides real-time visual feedback on our “internal performance” and helps us identify and learn how to manage the emotional arousal that can disrupt executive functions: judgment, planning, analyzing, and reasoning. The graphs above show the difference in our body rhythms between frustration and the smooth target pattern of “The Zone” in an optimal learning process and peak performance.
For more information on Trader Performance, an interview with Brett Steenbarger, or to buy this this program, click on Brain Fitness Program for Traders. You may also want to learn more about finding your trading niche.