Do not say PracticeNov 20th, 2012 | By Bella | Category: Mike Bellafiore's (Bella's) Blogs
I end most emails with: “Keep working on your trading game.” We teach our traders to do the daily work each day that helps them improve. They are training to become consistently profitable traders (CPTs). Their ultimate goal is to become a your best trader (YBT). Apparently I could use better words to motivate my traders.
Dan Coyle, author of the Talent Code and the blog with the similar title writes that we should not use the word practice as coach and mentor. It is not understood in the field of performance science why some are more motivated than others. Some can practice for hours daily and never lose their drive at a disciple while others can not sustain this energy. Those that can stay motivated become the elite performers. Dan writes that word choice to describe practice may demotivate players:
Because while the science of talent has made many advances in recent years, motivation remains an area of profound mystery. ….
I’ve come to realize that part of the problem might lie in one word.
Words are signals, and the signal the word “practice” sends is “THIS WILL PROBABLY BE BORING.” “Practice” tells a story of dutifulness, obligation, of putting in required hours. It’s vague, devoid of spark or specificity, a slice of white bread and soggy peas slapped on a dinner plate.
Now go do your practice. I’ve gotta go to practice. We have practice all week.
That’s why I think many smart parents, teachers, and coaches are starting to avoid the word “practice” and replace it with words that tell a more precise, motivating story.
At SMB we have trained hundreds of traders worldwide. I used to never know who would work the hardest. After six years as a trading coach, I know better who will but can be surprised. Sustained effort is a baseline minimum to become a CPT and then YBT. So we have to get this motivation part right.
We could tell our traders to “train”. We could say, “rehearse your trading.” We might even say,”play”. I have started making these changes with my students.
I have my doubts. If you do not love trading and feel a connection with the daily review that must be done to succeed, are you going to do it because I say “rehearse your trading?” It seems to me and the great work Flow would support me you either enjoy trade review or you don’t. If you don’t after some time, you will stop. If you do, you will review your trading daily. Aren’t we all just searching for that game where are interests meld with our talents?
Powered by Facebook Comments