How can I detach my self-worth from my trading performance?

Question

F FitFanatic555 on 06.08.2023 Posts: 66

So, I've been noticing something about myself lately. I seem to be basing my self-worth on my trading performance. Like, when I do well, I feel great, on top of the world. But on the flip side, when I don't do as well, my mood plummets and I start thinking less of myself. I'm not just talking about small swings in mood here, I'm talking about my overall perception of myself hinging on my trading performance.

Has anyone else gone through this? It feels unhealthy and I want tips on how to keep my self-worth separate from my trading results. Like, sure, I want to do well in trading, because well, who doesn't? But at the same time, I don't want my happiness and how I feel about myself as a person to rely quite so heavily on it. Any advice would be greatly appreciated.

Trading-Setup.com - Empower your Trades! · Accepted Answer

Focus on the process of trading, such as research and strategy development, rather than the financial outcomes.
Engage in regular self-reflection to understand your value beyond monetary success, including personal growth and learning.
Create a balanced life with hobbies and relationships outside of trading to maintain perspective and self-worth.

Q QuantumQueen321 on 22.08.2023 Posts: 67 · Accepted Answer

It sounds like you need some strategies for dealing with the emotional roller coaster that is trading. One approach could be finding a hobby or activity outside of trading that can create a balance in your life. This way, you're not wholly reliant on your trading performance for your sense of self-worth. Also, engaging in activities that promote self-awareness and self-reflection, such as mindfulness or meditation, can help you get a better understanding of your own worth beyond just your performance in trading. Thoughts?

H Hacker45 on 10.09.2023 Posts: 63 · Accepted Answer

Consider seeking support from a mentor or coach skilled in emotional intelligence, who can guide you through maintaining self-esteem irrespective of trading outcomes. This might provide a fresh perspective.

S SpaceJunkie159 on 01.10.2023 Posts: 49 · Accepted Answer

Have you considered setting boundaries around how often you check your trading performance? Could not obsessing over daily fluctuations help disentangle your self-worth from results?

F FilmFanatic202 on 06.01.2024 Posts: 58 · Accepted Answer

Are you sure the problem is entirely with your trading? Maybe it's reflecting a deeper issue with how you measure success in other areas of life. Might be worth looking into that.