For those who want to compete at the very top level in sport, psychological support that better prepares them for competition as well as prolonging their competitive life is considered essential. It requires a letting-go of ego, a tacit admission of vulnerability that goes against the natural instincts of the single-minded elite sportsperson. Even so, the ability to know themselves at their weakest moments, and therefore be prepared, is a sacrifice worth making.
The desire to be a top-level trader presents the same inherent tension - there are good reasons why these two disciplines are often spoken of in the same breath. It is a single-minded pursuit that demands technical expertise, the ability to monetise ideas effectively, and market experience. Even though traders are happy to outsource their fitness and nutrition needs, accessing psychological support through coaching is often seen as a step too far. And yet it is beyond doubt that, as with sport, the more awareness a trader has of themselves at their most activated, the better they will be able to perform.
Amongst other things, psychological coaching affords traders the opportunity to gain real clarity around their relationship with uncertainty, pressure, competition, meeting targets. Around what triggers them and why, how to know physically when they are triggered, what to do to mitigate it, and how to optimise for avoiding getting triggered in the first place.