Block Out Anything Unnecessary
Most of my pressure-filled moments come when big news breaks. On these days, there is so much information to consider that you can’t process it all fast enough to react at the speed of the market. Knowing that I have other people as a backup—to give me a market opinion or help out when I get stuck—helps me make confident, truly informed decisions. When the market starts moving really quickly, I’ll call out, “What’s going on?” My trusted team shouts information at me while I continue to trade and make decisions. Sometimes I close my eyes and breathe—just to clear my head of outside distractions. I know how to decipher my colleagues’ tone of voice and the specific words they use in order to make a lightning-quick decision. This is important, because in my line of work, there are no do-overs.
Doreen Mogavero is the founder and the CEO of—as well as a floor broker for—Mogavero Lee & Co., a boutique brokerage firm in New York City.