BarroMetrics Views: Why? IV
Today we take a look at Professor Oettingen’s third motivational strategy: ‘mental contrasting’ where we go back and forth between Indulging and Dwelling. This focus creates a tension that drives us to resolve – thus providing the motivation for action.
The strategy calls for two steps:
- A frequent use of the mental contrasting strategy; and
- Execution of a plan i.e. taking an action step to move towards our goals.
In Ultimate II, I set as a daily task, step 1: to mentally review the outcome of the trading goals, and to also review the traders barriers to those goals and the steps he was taking to overcome the barriers.
Simple right? The exercise would take no more than 10-minutes per day. And yet……moving the attendees to do this took the patience of Job and the creativity of Jobs (Steve). Eventually, we managed to get everyone on board.
What will be interesting to discover is how many continued once they completed the course. We are looking at some innovative ideas for Ultimate III to encourage maintenance of habits.
Here we complete the series. We started with seeking to understand the reason ‘why’ is a necessary component of trading success, and ended with a process to ensure we maintain the motivation for discipline.
Have a great weekend!