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How to change a habit


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How to change a habit

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bijeremiad's Avatar
 bijeremiad 
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Wish I had more to offer than just the attachment, but I recently skimmed The Power of Habit: Why We Do What We Do in Life and Business by Charles Duhigg.

His basic premise is that habits are intractable and run more of our actions than we often recognize. To change we must identify the real driver for our behavior and then channel that cue to instigate different behavior.

The book itself strings a series of studies and stories supporting his ideas. I would recommend the first two chapters, which focus on individuals. The remaining chapters' values on organizations and society will depend on your interest/position/perspective.

At the end of the book in an appendix he tries to summarize how to apply habit research to life specifically. The application to trading only needs slight modification.

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 garyboy275 
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Its one of the most simplistic yet useful books for traders. Also saw it on Dr. Oz that changing your habits also makes your brain work harder and extra. Very useful for people with dimentia and Alzeihmer's disease later on. Just simple acts like brushing your teeth in morning with left hand instead of right--same as breaking a habit.

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 Big Mike 
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@FuturesTrader71 also selected this book to be given away during his webinar coming up on Tuesday the 11th as part of our 16 very special webinars for our 4-year anniversary:



Mike

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 bijeremiad 
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Here is a video version that disucsses similar points to the PDF above.


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 ABCTG   is a Vendor
 
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Disgust works like magic in changing our behavior, maybe it can also work in our favor in trading:

TraderFeed: Disgust Yourself: A Framework For Rapid Behavior Change

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ABCTG

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 Bookworm 
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There is some interesting information on habits here:
https://www.scotthyoung.com/blog/Programs/GetMoreFromLife.pdf

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Last Updated on April 12, 2014


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