How to Save Yourself from Trading Frustration and Burnout

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How to Save Yourself from Trading Frustration and Burnout?

When you are operating in the binary options or Forex trade market, it becomes easy to get overwhelmed by all the upheaval and internalize any losses. This trade market is among the most dynamic and unpredictable ones, so a loss may be because of several reasons from a badly devised strategy or a depression in the market overall.

Whatever may the reason be; losing money despite the hard work and effort would push anyone to the brink of anxiety and panic. In this competitive market segment if you are not vigilant about the impact of various market events on “you”, it is very swift ride to a downward spiral and you can end up feeling burned-out, frustrated, drained and may even start considering ‘giving up’. Below are some tips to counteract this trade anxiety and market overwhelm…

Counteract the Negative Thoughts…!

As a trader, you must stay very attentive to how the market environment affects you at a time and counter any negative thought patterns that may emerge. Taking care of yourself and the psychological impact of overall market pressure also relates highly to the success in this market because the successful ones are determined, focused and calm. However, it is “OKAY” to feel panicked or overwhelmed and get caught up in whatever may be happening in the market, but it is crucial to learn to manage and balance it out.

A good rule of thumb is to always focus on the goal or the bigger picture. Various traders in this market segment make an error of letting their emotions get the best out of them and let the everyday market events direct their feelings.

Is Binary Options Trade all about Profits?

Obviously, profits matter a lot! However, as a binary options trader you must strive to active counteract such conventional thought patterns because a zero-profit score may not mean ‘failure’ or ‘a week wasted’. A lot of times, traders must focus on learning and testing new strategies of this trade (e.g. trade journaling or back-testing) and would earn little to no profit but they have gained very useful insights that they may apply later and end up earning good profits.

However, people who might be struggling with such an issue may think that if they are earning a certain percentage of profit in a day, only then they are performing satisfactorily in the market.

On the contrary, they may think that by losing money they undermine their performance and may consider them a terrible trader. This is a very restrictive thinking pattern and may even function for a regular office job, but when it comes to forex and binary options trade markets you may not be able to secure enough profits for the efforts that you invest and that is how everything function in this trade.

So, a person struggling to accept this uncertainty in the binary trade may struggle with their self-worth and motivation if they are failing to meet the restrictive profit goals.

Set Trading Goals to Keep the Stress at Bay!

Like any business, binary options and forex trade markets also require a set of goals that aids in pursuing the desired results. Goals may not seem much at the beginning, but they not only represent the trader expectations but act more of a connection of dreams with the reality. When you invest time and specify the goals, you acknowledge the “need” for bringing in some organization to your trade routine. They would also be a good place to start seeing and mapping out your progress as a binary options trader.

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However, despite the apparent simplicity of goal setting, a lot of traders find it hard to meet their goals. One of the reasons for this struggle with goals is that the goals they set may not be specific, realistic or action based. If you are a newbie trader, it would be a good to make ‘learning goals’; that encourage you to stay focused on the overall process of trade and not be too obsessed with the outcome. Binary options trade sector has many dimensions that require dedicated learning, because your aim should be to learn the tricks of binary trade.

For the traders who have been in the game for quite a while, it is advisable to set outcome-goals, that are focusing on the result (e.g. learning about the automated software or robots). This goal differentiation is very important because in the binary options market you have to pay attention to the presenting needs as a trader and adapt accordingly. With goals you escape a feeling of overwhelm because you have segmented a bigger task into smaller sub-tasks and by achieving each one after the other you enhance the level of motivation and determination.

Keeping the above enlisted strategies would help you get started with managing the trading stress better and make progress as a trader.

So, keep your eyes on the bigger picture, set specific goals and don’t give the steering wheel to your emotions (i.e. counteract the pessimism).

As a binary options trader, share in the comments (below), any strategies that you employ to handle the trade-stress or anxiety.

Job Burnout: The Causes, Symptoms, and Ways to Prevent It

You will experience job burnout at some point in your career—everybody does. It doesn’t matter how much you have loved your job up to this point. There will come a time when several factors converge, and will you feel like you can’t stand doing it for another day.

What Is Job Burnout?

So what exactly is job burnout? Merriam-Webster’s Collegiate Dictionary defines it as “exhaustion of physical or emotional strength or motivation.”

This feeling could be the result of job stress, which may be rooted in overwork, fear of getting laid off, or conflict with your boss or coworkers. Frustration with work may also cause burnout. You may be frustrated because of a lack of recognition from your boss. Perhaps you aren’t getting the promotions you feel you deserve or aren’t receiving the proper compensation.

Being in the wrong career or job can cause both stress and frustration. If you no longer like going to work every day, first figure out whether you need a new job or a career change. Many people find themselves doing the wrong type of work, while others are doing it in the wrong place. Neither is good and can cause job burnout.

Stress and Frustration Aren’t the Only Causes

While job stress and frustration are common causes of burnout, they aren’t the only ones. It may hit you even if everything seems perfectly fine–you get along well with your boss, coworkers, and clients. You feel like your employer appreciates your efforts and you aren’t afraid of losing your job. You love what you are doing and where you are doing it.

Then suddenly one day there’s a little knot in your stomach when you think about going to work. The next day that knot grows. Maybe your creativity is gone along with your motivation to do your job. You can’t put your finger on what has gone wrong. Yesterday you loved working, but today you hate it. What could have caused this?

Perhaps you are choosing to work more because you actually love your job and have trouble separating from it (are you a workaholic?) If you are forsaking vacations, full weekends off, or even a relaxing evening at home occasionally to spend more time on the job, you may be doing yourself a lot of harm. No one should work all the time. There’s an old saying that goes “On his or her deathbed, no one ever said, ‘I wish I had spent more time in the office’.”

Signs

Besides not feeling like going to work or being unmotivated to do your job, there are other symptoms of burnout. They include fatigue; irritability; bouts of crying; anxiety attacks; loss of appetite or overeating; teeth grinding; increased drug, alcohol, and tobacco use; insomnia; nightmares; forgetfulness; low productivity; and an inability to concentrate.

According to the American Psychological Association (APA), if allowed to progress, burnout may result in depression, anxiety, and physical problems. Eventually, it can cause physical and mental illnesses, which include suicide, stroke, or heart attack.

Before burnout gets to the point of causing a severe mental or and physical health crisis, it will affect how you do your job. You may call out sick or come to work late frequently. When you are at work, you may find yourself doing the bare minimum; in other words, “mailing it in.” The cost of burnout is high, to both workers and employers. It is wise to find a way to keep it from progressing.

How to Save Yourself

The earlier you recognize you are experiencing job burnout, the easier it will be to resolve it. The most obvious cure is to quit your job. While that may seem like a luxury to someone in the early stages of burnout, it could be a necessity to someone whose health is already being affected. If you’re in the early stages, there are several things to do, but before you can come up with a solution, it is essential to know the exact cause.

It is easier to fix burnout that is not caused by stress or frustration, but instead, the result of choosing to work too hard and too many hours. This situation, in fact, sometimes fixes itself. You work too hard and then start burning out, so you take a step back. If that doesn’t happen automatically, take steps to make sure it does. Force yourself to leave your job on time at least a few days a week and don’t take any work home with you. Start slowly if you have to. Leave work on time one day a week and then increase it to two days. Make sure you spend the night relaxing—rent a movie or read a good book.

It’s a whole different matter when stress or frustration is making you feel burned out. It’s not as easy to do something about an outside force such as a bad boss or impending layoffs. If you work for someone who is just not a nice person, it’s not within your power to change that. However, you may consider sitting down with him or her to discuss how you can forge a more productive working relationship.

Last, but not least, if you find that your career isn’t right for you, it may be time to make a change. Don’t enter into a new career without careful planning or you’ll wind up right back where you started. Take the time to do a complete self-assessment to help you find out what careers might be a good fit. Then investigate each one until you’re reasonably sure you will make the best choice. Preparing to enter a new field can take some time. It may be best to stay at your current job while you begin the career planning process. Being aware of your options and the knowledge that you are moving toward them may help resolve your job burnout temporarily.

Avoiding Burnout

Maintaining a Healthy, Successful Career

It’s the beginning of the week, and Mia is already longing for the weekend.

For the past few months she’s been feeling out of sorts at work, and she’s not quite sure why. For instance, she’s always tired, she feels disengaged and unmotivated most days, and she’s constantly checking how long it is until she can go home.

Mia is also snapping at her colleagues (something she never used to do), and she feels that there’s never enough time to get everything done. This leaves her feeling perpetually behind and demoralized.

Mia is showing classic signs of burnout. In this article, we’ll look at what burnout is, what its consequences are, and how you can avoid burnout in your career.

Click here to view a transcript of this video.

What Is Burnout?

Two important definitions of burnout are:

  • “A state of physical, emotional, and mental exhaustion caused by long term involvement in emotionally demanding situations.” – Ayala Pines and Elliot Aronson.
  • “A state of fatigue or frustration brought about by devotion to a cause, way of life, or relationship that failed to produce the expected reward.” – Herbert J. Freudenberger.

Between them, these definitions embrace the essence of burnout, with the first stressing the part that exhaustion plays in it, and the second focusing on the sense of disillusionment that is at its core.

Anyone can become exhausted. What is so poignant about burnout is that it mainly strikes people who are highly committed to their work: you can only “burn out” if you have been “alight” in the first place.

While exhaustion can be overcome with rest, a core part of burnout is a deep sense of disillusionment, and it is not experienced by people who can take a more cynical view of their work.

13 Warning Signs That You’re Heading For Burnout

Specific symptoms of burnout include:

  1. Having a negative and critical attitude at work.
  2. Dreading going into work, and wanting to leave once you’re there.
  3. Having low energy, and little interest at work.
  4. Having trouble sleeping.
  5. Being absent from work a lot.
  6. Having feelings of emptiness.
  7. Experiencing physical complaints such as headaches, illness, or backache.
  8. Being irritated easily by team members or clients.
  9. Having thoughts that your work doesn’t have meaning or make a difference.
  10. Pulling away emotionally from your colleagues or clients.
  11. Feeling that your work and contribution goes unrecognized.
  12. Blaming others for your mistakes.
  13. You’re thinking of quitting work, or changing roles.

Stress and Burnout

So, what’s the difference between stress and burnout? Although the two share some characteristics, there are distinct differences.

Stress is often relatively short-term, and it is often caused by a feeling that work is out of control. You might experience stress several days in a row, especially when you’re working on a large project or under a tight deadline.

However, once the situation changes, stress often lessens or disappears entirely. (Stress can affect you over the longer-term, however, if you’re consistently experiencing these things.)

Burnout often takes place over a longer period. You might experience it if you believe your work is meaningless; when there’s a disconnect between what you’re currently doing and what you truly want to be doing; or when things change for the worse – for example, when you lose a supportive boss, or when your workload increases beyond a sustainable point.

You go through “the motions” instead of being truly engaged. Over time, this leads to cynicism, exhaustion, and, sometimes, poor performance.

Causes of Burnout

People experience burnout for a variety of reasons.

Lack of autonomy is a common cause, so you might experience burnout if you don’t have much control over your work, or if you feel that you never have enough time to finish tasks and projects.

Finding This Article Useful?

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