Before I started SMB I could be found after work for hours playing pickup basketball at the exclusive Reebok Club in NYC. I loved the competition, the guys who played regularly, and trying to get better in my early thirties at a sport I enjoyed. It also left me in remarkable physical condition, just a few pounds from my high school weight.
Trading is a performance game. Exercise helps us perform better as it leaves us with an ability to focus better, happier, and less stressed. A respected market veteran with ties across the Street recently shared that he noticed an unusually high percentage of top trading performers were also competitive cyclists, runners, and triathletes. Their workout regiment prepared them for market battles. In a recent post I remarked at how impressed I was that a top US Hedge Fund not only had an in-house gym but had trainers on call for anyone interested. Today our office sits right across from NY Health and Racket Club which makes training as simple as a walk across the street.
Some observations on physical training and trading:
1) I do not like the competition of basketball after work anymore. I get enough of it building a firm. Today I prefer running and core-weight training.
2) Working out in the AM hurts my trading performance. It tires me out by 11AM. Other times do not have this effect on me. Find the best time for you to train.
3) I gain a lot of confidence from my core-weight training. I feel stronger at all times. This translates to solving firm challenges.
4) I most enjoy the growth reward of physical training. Give me a goal to get fitter and I will stick to my workout. Leave me with just the goal of maintenance and I am disinterested.
5) Steve has taught me that our personalities dictate which physical activities we will enjoy most. Some will like team sports. Others will prefer to exercise alone. Consider this when choosing your workouts.
What works best for you?
Author, One Good Trade