3 - 4 minute read
The importance of emotional wellbeing in the trading industry cannot be overstated. To become a successful trader and maintain lasting success, one needs a greater purpose and a strong sense of control over their emotions. In this article, we will explore the story of Shay Wang, also known as The Humble Trader, and how her personal journey through trading and growth in anger management led to her greater success.
Wang was invited to speak at Traders for A Cause, a non-profit organization with a mission to promote altruism within the trading community. She shared a deeply personal story about her trading career, specifically her struggles with anger management and trading psychology.
“The market had become my everything…it really consumed my entire life.”
Wang immigrated from Taiwan to Canada at the age of 11, experiencing many challenges and obstacles in adapting to a new country and identity. Trading triggered and uncovered many of her long-suppressed anger issues, leading to months of losses and frustration.
Wang eventually recognized the root of her trading struggles and took accountability for her actions, sought help for her anger management, and developed a greater purpose beyond just making money.
“To become a profitable and fulfilled Trader, you need a greater purpose than just your daily P&L. If there’s a piece of advice I could give to my younger self, this is it.”
Wang’s story serves as a crucial reminder for traders to prioritize their emotional and mental wellbeing. The trading industry can be highly stressful and unpredictable, but recognizing and addressing one’s emotional triggers can lead to greater success in the long run.
Traders should take the time to develop a purpose beyond just making money, whether it be expanding their skills or helping others. This can provide a greater sense of fulfillment and control over one’s identity and self-worth beyond the ups and downs of the market.
Additionally, seeking help and addressing emotional issues head-on can lead to greater personal growth and a stronger sense of accountability for one’s actions. This can result in better risk management and decision-making, ultimately leading to greater profitability.
The Bottom Line
Trading success extends beyond just good strategies and risk management. Emotional wellbeing and a greater purpose are essential components of a successful trading career. By recognizing and addressing emotional triggers and developing a greater sense of purpose beyond just making money, traders can achieve greater success and long-lasting fulfillment in the trading industry.