Thread by @yvanbyeajee

SLEEP: THE MOST UNDERRATED PSYCHOLOGICAL EDGE – A THREAD

1./ Insufficient sleep has to be one of the most significant lifestyle factors determining whether or not you will make it as a trader – yet it’s the most ignored.

2./ People seem to take pride in the fact that they don’t sleep a lot. It makes them look productive, hard-working, passionate, efficient…

But new studies suggest that anything below 7h is just not enough to function properly in the world.

3./ With anything less than 7h of sleep, you are more prone to:

▪️HALLUCINATIONS. You start to see things which are not there.

▪️DELUSIONS. You believe things that can't possibly be true.

▪️DISORIENTATION. You get confused about time, place, and person.

4./...
▪️AMNESIA. You forget things easily.

▪️EMOTIONS. You have wildly fluctuating emotions.

▪️COGNITIVE BIASES. You’re more prone to defaulting to mental heuristics.

5./...
▪️RISK. You’re more likely to take bigger risks and accept gambles that would be unacceptable otherwise.

Not to mention the elevated risk of Alzheimer, diabetes, cancer… Essentially, a consistent lack of sleep predicts that you’re going to die early.

6./ Trading is a game of inches. Sleep, exercise, or nutrition –all influence your perception and behavior in more ways than you can imagine.

If you want to be (and remain) a rational and clear-thinking market participant, don't neglect the little details; take care of them.