Street Insight

Stock Doc: The Pursuit of Happiness

 

I always tell my clients the story about my first and last boat ride as an innocent and young adult. I recommend that they also examine small moments in their lives and not take them for granted. It is important to step outside of yourself and take objective "snapshots" of events or moments as they are happening. As you grow older, these moments remembered with clarity can serve as a positive force when things get tough.

I suppose the lesson is that happiness, as elusive as it may seem, might not be as far away as you think. Sometimes you just have to look outside of your work and take in the moment objectively to recognize it sitting there with you.

So the next time you find yourself watching your child at play or walking down the beach with your significant other, take the snapshot in your mind and carry it with you everywhere. Stocks can go up and down without our control, but happy memories can remain consistently with us for the rest of our lives. Only we have the power to harness them.

Please write to the Stock Doc with your trading, emotional or investing dilemmas. Dr. Cass always welcomes comments and stories, for which he'll try to offer valuable solutions in later columns.

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Alden Cass is a performance enhancement coach and clinical psychologist for Catalyst Strategies Group (www.catsg.com) who specializes in working directly with individual and teams of senior investment executives, including high-profile CEOs, top hedge fund and prop traders, investors, and financial advisors to help them achieve their financial and personal goals. He works to modify behaviors that are hampering their performance and to give them the mental edge within competitive work environments. He is a licensed clinical psychologist and an expert on the use of psychology in the financial services industry. He has conducted behavioral healthcare studies on retail stockbrokers that indicated that 23 percent of the group measured met criteria for major depression. His research has been presented at both national and international conferences (APA, ICPP). He is a major contributor to columns in On Wall Street Magazine and Traderdaily.com. Cass has also conducted workshops with the Securities Industry Association, Money Management Institute, Trader Monthly Magazine's Peak Performance Workshop, The Wall Street Branch Managers Meeting at the Federal Reserve Bank of New York, and the London Bullion Market Association, the Silver & Zinc Association, the Investment Management Consultants Association (IMCA), and the Investment Products Association (IPA).

He has appeared in the following media: The Today Show, Fox News Live, New York Magazine, Businessweek, Lou Dobbs Moneyline CNN,CNN money.com, CNBC London, Financial Times, London Financial Weekly, Washington Post Radio, NY Newsday, On Wall Street Magazine, E-Trade "On Air," BBC Radio, Reuter's Business Newswire, New York Times, Boston Globe, Absolute Return Magazine.

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