Most trade management mistakes are a result
of emotional decisions.
«We were beginning to grow, and it was always tough when someone came to us and wanted time off,» recalls Bill Liebegott, president of $ 3.5 - million Hi - Tech Hose, in Newburyport, Mass. «We had to make a lot
of emotional decisions.»
Does knowing the truth of a matter help us at a moment
of emotional decision, even if we see where the chips are going to fall?
Guest Contributor Belinda Etezad Rachman talks about how couples can minimize divorce conflict and create better outcomes by making a conscious effort to step out
of emotional decision - making.
Dawn was the perfect fit for us, she was patient and understanding
of the emotional decision.
Not exact matches
«
Decisions by these individuals are highly
emotional and are instinctively known in a matter
of moments,» Shinabarger says.
He says the heart «routinely informs the brain
of the body's
emotional state, and the outcome has a profound impact on brain functioning and
decision - making.»
Connecting the importance
of circulation to energy, and
of energy's importance for meeting our mental,
emotional and spiritual demands, he gives us a maxim: «Do not make any important
decisions when your shoes are tight.»
I knew my son's
emotional nature and lack
of experience were leading him into a bad
decision.
Some people are naturally less
emotional or more able to suppress their emotions, says Shiv, who suggests that those who tend to be
emotional may want to leave the management
of their investment
decisions to a trusted third party.
When we choose the life
of an entrepreneur it is not simply an intellectual
decision; it is an intuitive,
emotional choice.
Simply put,
emotional intelligence (EQ) is a person's ability to recognize and understand emotions (both his or her own and that
of others), and use that information to guide
decision making.
For the athlete,
emotional decisions bring on the humiliation
of choking.
Bestselling author, entrepreneur and philanthropist Tony Robbins details in this book how we can take control
of the mental, physical, and
emotional factors that are a part
of decision - making so that we can plan and achieve personal and professional goals.
More self - awareness equates to a higher level
of emotional intelligence which leads to better
decision making that translates to improving in business and as a leader.
Put simply,
emotional intelligence (EI) is a person's ability to recognize and understand emotions (both his or her own and that
of others), and use that information to guide
decision making.
Carol Anderson, who launched MoneyQuotient in 2001, says financial well - being requires practical knowledge about finance and an awareness
of the
emotional attitudes that drive financial
decisions.
EI (also referred to as EQ,
Emotional Intelligence Quotient) can help prevent emotions from getting in the way
of rational thinking — especially helpful regarding a
decision like this, which will greatly affect the course
of your life.
Emotional intelligence is that «something» in each
of us that is a bit intangible; it affects how we manage behavior, navigate social complexities, and make personal
decisions that achieve positive results.
If you read my column, you know I'm a big proponent
of using
emotional intelligence (EI), the ability to recognize and understand emotions, to help guide
decision making.
For the same reasons regular people feel
emotional connections to certain movies, songs, and television shows, moguls have a track record
of becoming enamored with «content,» even when that leads them to make bad financial
decisions.
«Early in her career, some
of her
decision - making might have been more
emotional than fact - based.
The
emotional and psychological side
of starting a business is less cut - and - dried than the financial and market aspects, but it's just as important in your
decision to start part time or full time.
In a field
of philanthropies and educational institutions that profess to value inclusion and equality, innovative people and ideas, the data suggest
emotional behavior by people who are making
decisions to hire only people who look like themselves or whom they've known for a long time.
The sales numbers reflect the wide appeal
of the
emotional and personal ballads by the 27 year - old British singer, as well as the
decision by her independent record company XL Recordings not to make the album available for streaming services including Spotify, Apple Music, Deezer and Google Play.
«The
emotional decision - making process that drives people's perception
of flavor,
of enjoyment, really starts from the very moment that they start thinking about eating the product,» he says.
«In the midst
of all that
emotional turmoil, it's never a good idea to make financial
decisions.»
We also know a lack
of sleep can wreak havoc on productivity, causing us to be less attentive, make more mistakes, process information more slowly, miss or misinterpret social and
emotional cues and impair
decision - making.
A separate experiment involving the willingness to sign up for a flu clinic found that people with lower levels
of emotional intelligence can also block unrelated emotions from influencing their
decisions about risk, simply by making them aware that their anxiety was not related to the
decisions at hand.
And far from suggesting people should try to rid themselves
of all
emotional influence in their
decision - making, the paper points out that learning to pay attention only to those feelings that are relevant to the
decisions being made is what counts.
«Most
of our
decisions and motivations are housed in our
emotional brains, not in our rational brains.
The study's first experiment showed that participants with lower levels
of emotional understanding allowed anxiety unrelated to
decisions they were making concerning risk influence these
decisions.
The chart below is a great example
of this
emotional rollercoaster and how it impacts our investment
decisions.
Conversely, making an
emotional decision to exit a falling trade before hitting its actual stop price (as discussed in yesterday's post) is typically result
of the powerful emotion
of fear.
Research reported by Harvard Business Review shows 95 percent
of purchase
decisions happen unconsciously, based on
emotional responses that are backed up by logical reason.
[01:10] Introduction [02:45] James welcomes Tony to the podcast [03:35] Tony's leap year birthday [04:15] Unshakeable delivers the specific facts you need to know [04:45] What James learned from Unshakeable [05:25] Most people panic when the stock market drops [05:45] Getting rid
of your fear
of investing [06:15] Last January was the worst opening, but it was a correction [06:45] You are losing money when you sell on corrections [06:55] Bear markets come every 5 years on average [07:10] The greatest opportunity for a millennial [07:40] Waiting for corrections to invest [08:05] Warren Buffet's advice for investors [08:55] If you miss the top 10 trading days a year... [09:25] Three different investor scenarios over a 20 year period [10:40] The best trading days come after the worst [11:45] Investing in the current world [12:05] What Clinton and Bush think
of the current situation [12:45] The office is far bigger than the occupant [13:35] Information helps reduce fear [14:25] James's story
of the billionaire upset over another's wealth [14:45] What money really is [15:05] The story
of Adolphe Merkle [16:05] The story
of Chuck Feeney [16:55] The importance
of the right mindset [17:15] What fuels Tony [19:15] Find something you care about more than yourself [20:25] Make your mission to surround yourself with the right people [21:25] Suffering made Tony hungry for more [23:25] By feeding his mind, Tony found strength [24:15] Great ideas don't interrupt you, you have to pursue them [25:05] Never - ending hunger is what matters [25:25] Richard Branson is the epitome
of hunger and drive [25:40] Hunger is the common denominator [26:30] What you can do starting right now [26:55] Success leaves clues [28:10] What it means to take massive action [28:30] Taking action commits you to following through [29:40] If you do nothing you'll learn nothing [30:20] There must be an
emotional purpose behind what you're doing [30:40] How does Tony ignite creativity in his own life [32:00] «How is not as important as «why» [32:40] What and why unleash the psyche [33:25] Breaking the habit
of focusing on «how» [35:50] Deep Practice [35:10] Your desired outcome will determine your action [36:00] The difference between «what» and «why» [37:00] Learning how to chunk and group [37:40] Don't mistake movement for achievement [38:30] Tony doesn't negotiate with his mind [39:30] Change your thoughts and change your biochemistry [40:00] The bad habit
of being stressed [40:40] Beautiful and suffering states [41:50] The most important
decision is to live in a beautiful state no matter what [42:40] Consciously decide to take yourself out
of suffering [43:40] Focus on appreciation, joy and love [44:30] Step out
of suffering and find the solution [45:00] Dealing with mercury poisoning [45:40] Tony's process for stepping out
of suffering [46:10] Stop identifying with thoughts — they aren't yours [47:40] Trade your expectations for appreciation [50:00] The key to life — gratitude [51:40] What is freedom for you?
Despite the immense pressure, and the
emotional state
of the markets, I drew on an existential perspective, and my colleagues and I made careful, probabilistic
decisions to adjust our portfolio, and we weathered the storm.»
Overcome the
emotional side
of downsizing your home and make the smartest
decision for your finances.
Mr. Denton is referring to a
decision by Mr. Hogan's legal team to abruptly drop one
of the claims — for «negligent infliction
of emotional distress» — from its case.
While facts, figures, and ROI are heavy components in this phase, selling organizations can be attentive to the
emotional side
of the
decision process.
On one hand, dealing with a bank instead
of a homeowner means you don't have to worry about
emotional attachments to the home influencing the
decision.
This field
of research which marries economics with biology and psychology studies certain types
of investing
decisions — including those made on
emotional or speculative grounds, often made hastily without all the facts or because
of what others are doing.
With a robo advisor executing a passively managed program, there is no chance
of active management
decision - making being affected by human
emotional reaction to markets.
In this way, the process
of identifying a price forecast is executed by a robot which eliminates any
emotional decisions, translating to better overall results.
Many traders look for trade signals from a combination
of just a few tools and indicators to build their «weight
of evidence» to help them make more objective and less
emotional trading
decisions instead
of reacting to any price movement on a reactionary basis.
Like the part about women - blaming and shaming combined with the pastor digging up offenses from the past, referencing an
emotional distance he feels from us as we leave, citing his own pastoral involvement and authority in the
decisions of our lives up to this point, threatening to talk to the pastor
of the church we're visiting to share his «concerns,» and suggesting that I'm just a weak mess
of emotions and that's why I can't handle the life - sucking horror that has become sundays at this church.
Such a
decision may be overwhelming in its
emotional effect and may change radically the currents
of one's vocational, domestic, and community relations.
(Spiritual Renewal Through Personal Groups, p. 201) The kind
of participation which produces
emotional involvement is based on the awareness that one's feelings and opinions are recognized, valued, and taken into account in group
decisions.
The morale
of workers and the
emotional stability
of children have been found to be enhanced by job situations and homes, respectively, in which they participated in some
of the
decisions affecting them.
Recent findings have provided direct empirical and quantitative support for economic models that acknowledge the influence
of emotional factors on
decision - making behavior.