Nothing But Net: Envisioning Your Investment Success
Visualizing your shots--investment and otherwise--can improve your chances of success.
A group of basketball players were separated into three teams.
Team A practiced taking shots on the court and practiced visualization exercises.
Team B just practiced visualization exercises, seeing their well-tossed ball swish through the hoop.
Team C didn’t do a thing. Just hung out in the locker room and ate pizza, probably. (Man, I wish I was picked for team!)
Then researchers made them take shots out on the court, recording the number of baskets they made.
Needless to say, Team C didn’t exactly light up the boards. In fact, they kind of stunk. And, as you probably guessed, Team A made the most shots.
You would probably guess that Team B did about the same as Team C. I mean, they just sat around and day-dreamed, right?
Not so. Team B almost did as good as Team A. This research suggests that visualizing your goals is a real performance enhancer.
What does this mean for your investing and trading?
Investing and trading have emotional elements. Learning visualization skills can help you master those emotions. It can tone down those greed and fear responses that limit returns and can actually cause trading disasters.
Visualizing positive returns are, obviously, beneficial. But studies indicate that you have to understand and visualize good mechanics.
Can you see great trades appearing? Can you see opportunities forming? Can you see performing the right sequence of trades–without feeling fear?
Studies also advocate visualizing with your whole body. Bring all your sense into play. Feel the touch of the keyboard. Hear the hustle and bustle of the market.
Maybe you can even smell the money. Well, at least the freshly-printed money that hasn’t been toted around in someone’s musty wallet for a month.
Related posts:
- See-cret: Wealth-Building Visualization Tips
- Four Tips For Visualizing Success
- Trading Success Secrets: The Good Times Roll Must End
- Preparing For The Killer Investment App: Automated Trading
- Losing For Winning: Why Winning Trade Percentages Are Meaningless
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is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
