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Can Trading Performance Be Enhanced Through Meditation? 6 replies

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Meditation & Trading?

  • #21
  • Oct 15, 2008 7:06am Oct 15, 2008 7:06am
Quoting altrader
Meditation can be an amazing way to focus your mind on something.
You are right...meditation is important in trading so as to keep up the balancing act between the targets set and 'greed'. It helps Keeping the calm.i get into it when stressed out too much. Just a few deep breathes and a glass of water do the trick for me
  • #22
  • Oct 15, 2008 2:32pm Oct 15, 2008 2:32pm
Quoting TradingForex
I think meditation may work for some traders. As for me it messes up my trading completely, I need to think and act as a robot.
There are different ways and stages of meditation. For sure you
can't use a beginning method of calming the mind, like visualizing
some peaceful scene or closing your eyes etc., when you're
trading.

But, after some time of practicing loosening the mind from
emotional thoughts you can achieve the robot-zen that
you're after...and more!



http://www.sacred-texts.com/bud/zen/index.htm
  • #23
  • Oct 15, 2008 3:22pm Oct 15, 2008 3:22pm
Loved the thread! I do think its a great concept that many should learn! I know it helps me "stay even" while trading.

Thanks!
  • #24
  • Oct 15, 2008 4:04pm Oct 15, 2008 4:04pm
hummmmmmmmmmmmmmmmmmmmmmmm

click

hummmmmmmmmmmmmmmmmmmmmmmm

click

chaaaa ching
  • #25
  • Oct 16, 2008 3:03pm Oct 16, 2008 3:03pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting KudzuFX
hummmmmmmmmmmmmmmmmmmmmmmm

click

hummmmmmmmmmmmmmmmmmmmmmmm

click

chaaaa ching

... well done... funniest thing I've read in a long time...
  • #26
  • Oct 31, 2008 9:30pm Oct 31, 2008 9:30pm
Since I started practicing transcendental meditation (towards the start of this year), many of my more involved interests have seemed less stressful... Am finding it much easier to stay detached from the charts and dissolving any preconceptions on where the candles might be headed.

Basically, getting back to trading being an enjoyable experience, as opposed to a stressful one.
  • #27
  • Oct 31, 2008 10:21pm Oct 31, 2008 10:21pm
Quoting Lifecycle
Since I started practicing transcendental meditation (towards the start of this year), many of my more involved interests have seemed less stressful... Am finding it much easier to stay detached from the charts and dissolving any preconceptions on where the candles might be headed.

Basically, getting back to trading being an enjoyable experience, as opposed to a stressful one.

I found that when I quit forex trading I saw myself being very detatched from my charts and way, way unstressed. The only candles I started to see were those at quiet dinners with my wife.

(awkward pause)

...I couldn't handle it, my nails started to grow out, the wrinkle in my brow started to smooth over - I stopped grinding my teeth.

I COULDN"T STAND IT...

...so I started trading Forex AGAIN!!!!


aaahhhh

the STRESS

i love it


.
  • #28
  • Nov 3, 2008 8:48am Nov 3, 2008 8:48am
Quoting aediaz1
I think meditation can be one way to practice discipline etc, no doubt. I was talked into to try meditation once and it wasn't that bad.
sure! I think that every trader has got his own way to relax or to be strong and the meditation is one of these ways
  • #29
  • Nov 3, 2008 9:48am Nov 3, 2008 9:48am
Has anyone had any experience with using Brain Entrainment mp3 files? I have a couple and they do seem to help calm the chaos that is my mind !!!

I have only audio ofcourse...it seems as though the visual styles that I have seen are a little too busy for me and I can't focus on total relaxation...which is the end goal.

Any good suggestions of where I can get more?

Mike
  • #30
  • Nov 3, 2008 9:51am Nov 3, 2008 9:51am
I practice tai chi and chi kung very regularly. And as mentioned on another thread, I'm bored shitless mid-trade. Watching three trades play out at the mo. Almost fell asleep earlier.






Perhaps I need to throw money management out of the window and bet 100% of my account each trade.
The market reveals who we really are...
  • #31
  • Nov 3, 2008 10:29am Nov 3, 2008 10:29am
the best meditation you can possibly get is HOLOSYNC it works without any effort. do a google search and send for their demo cd you wont be disapointed
  • #32
  • Nov 3, 2008 11:33am Nov 3, 2008 11:33am
While I agree that meditation can certainly have a positive impact on trading and other factors of life, for me it really boiled down to lack of confidence way back when (1994) when I first started prop trading.

I was scared to enter trades because I had lost money pretty consistently for my first few months - hence I immediately associated my not trading to a mental block - hence, meditation, reading etc followed.

It was not until several months later when I was sitting alongside a colleague of mine who had become quite a good trader that I had the 'aha' moment.

Watching him execute his trades with conviction - in fact the very same trades that I would have been debating with myself on whether or not to execute, he just did.

That was it, my method WAS right, I was just too gun shy to execute it - seeing someone who I trusted do the same thing with conviction was all I needed to see.

From that point on I got better and better and my account continued to grow. So, is there a benefit to some meditation etc...? Sure, but I believe that most traders do not ever develop enough confidence in their system/methodology to achieve a high degree of confidence. And that confidence has to come through real $$ not a demo a/c.

Just my 2 cents - but I have lived through it and then flourished, so I think I am pretty much in the ballpark.
  • #33
  • Nov 3, 2008 12:26pm Nov 3, 2008 12:26pm
Quoting Dave Floyd
While I agree that meditation can certainly have a positive impact on trading and other factors of life, for me it really boiled down to lack of confidence way back when (1994) when I first started prop trading.

I was scared to enter trades because I had lost money pretty consistently for my first few months - hence I immediately associated my not trading to a mental block - hence, meditation, reading etc followed.

It was not until several months later when I was sitting alongside a colleague of mine who had become quite a good trader that I had the 'aha' moment.

Watching him execute his trades with conviction - in fact the very same trades that I would have been debating with myself on...

right on Dave,

maybe its a chicken - egg thing

confidence first then profitability
or
profitability then confidence

i tend to think that profitability has to show its head first before confidence enters the room
  • #34
  • Nov 3, 2008 12:30pm Nov 3, 2008 12:30pm
Quoting KudzuFX
right on Dave,

maybe its a chicken - egg thing

confidence first then profitability
or
profitability then confidence

i tend to think that profitability has to show its head first before confidence enters the room
that is what it is IMHO - I spent a few months trying to get my head 'straight' but in the end I had the order reversed - you cannot tell your head to overlook the natural fight or flight responses until there is compelling evidence to do so.
  • #35
  • Edited 3:08pm Nov 3, 2008 3:03pm | Edited 3:08pm
Quoting Dave Floyd
that is what it is IMHO - I spent a few months trying to get my head 'straight' but in the end I had the order reversed - you cannot tell your head to overlook the natural fight or flight responses until there is compelling evidence to do so.
I agree somewhat, however, I have gotten through on these thoughts...

Intellectual Example...
Patience is a virtue so long as one has something to be patient about. I am not going to be patient very good for a sure failure, but for a chance, I mean a good solid chance, at victory is worth having discipline and being patient for.


Now from a players perspective.... (please forgive me, I am just being articulate, hey I am young, look over me)

Real World Example...
Its a lot easier to have discipline if you know for a fact the chic is going to put out, than if you have no idea what she's gonna do and you really want her to give it up, only you are not sure if it wants you."



You know, traders say a lot of cute things that sound good, but one must be able to relate to it to acquire and appreciate the true spirit of the communication.

For example....
Forex Related...

If you know for a fact that you have a good system, then patience and discipline should be very easy,
"just have to wait for the cash printer to heat up"
If you have not made the case that your system is good through hard work and number crunching, then why should you be patient...you have good reason to be sloppy and pathetic.


Then you have to make your system, if you don't have a system, then you die, even worse than dying is for an account to stagnate, that proceeds death.
"Stagnation equals death ; unwarranted discipline is a sad waste of lots of mental energy being thrown away watching price action that will amount to nothing."

Happy pips,
FX is SEX-E
His Factness

Remember, apply real world life lessons in forex

"look both ways before crossing"
"its not what you do its how you do it"
"don't miss one boat trying to catch another"
"everything in moderation"

My own creation...
"don't do things just because you can, have tact"

Don't forget to scroll out on the damn charts before entering the trade, DO NOT FORGET TO LOOK AT THE BIG PICTURE AND ZOOM OUT just before entry.

And one last thought.... Everything you do in forex has to be justified, that' fr0m moving stops to taking profit. It doesn't have to be chart justification, its just needs to be considered justified by whomever is making the decision. Then you will have the power to exercise patience for the next trade, because you know you did everything right , cause it was justified.
  • #36
  • Nov 3, 2008 4:50pm Nov 3, 2008 4:50pm
Put your headhones on and listen to classical music while you trade works for me.
I never did listen to classical music I am more a hard rock type of guy except If I had to study or to calm me down. About 26 odd years ago I had a guy doing his positive suggestive tape recording in my Studio. To cut a long story short there was one 10 min tape we made which you could listen to anywhere even while driving as it didn't distract you from what you are doing. I used to play it on my way before I went out to meet my friends. Once I got there I was re-energized and had all my bad emotion changed to positive ready to enjoy the evening.
Later I did more research on it and after reading not long ago 'Trading in the Zone' (I which someone would eddit it and cut it down to 20pages)I gave it a thought and the power of music in 60 beat per minute came back in my mind.
Now I have Johannn Strauss playing while trading. I see the market as anything can happen at any given moment and I am ready for it. I do what I set out to do and when the prices moves I execute my plan with no hesitation.
Trading became profitable and enjoyable I can walk away at any time (lost my addction)knowing I can sit down in front of the laptop and do it over and over again at any time.

http://www.cerebromente.org.br/n15/mente/musica.html
The Power of Music on Memory and Learning
  • #37
  • Nov 3, 2008 5:09pm Nov 3, 2008 5:09pm
I never feel so bad as when I lose.
I never feel so good as when I win.

just win alot and then your mental state will be mighty fine.




.
  • #38
  • Nov 3, 2008 6:58pm Nov 3, 2008 6:58pm
Hi All,
Great to see a thread re:- the mind and how it affects people's trading.
Rarely will newcomers (or some old hands for that matter, who still have some capital left) acknowledge the "mental/psychological" impacts that can occur when trading even the best system.
Higly recommend "Trading in the Zone" as a great resource on this topic.

I totally agree with altrader in terms of watching the market and getting a "feel" for it before placing any trades. Meditation and focus are in fact very useful.

Also great advice from viztrader RE looking at the "big picture" before placing a trade. Don't get too hung up on the last 10 ticks.
Cheers and good trading !!

Moova
  • #39
  • Nov 4, 2008 1:19am Nov 4, 2008 1:19am
Good thread!

Trading from a different state of mind (3rd eye, 4th dimension, etc...) is very difficult for most of us sentient beings to actually accomplish. It is about finding balance between us and what we perceive to be reality. To be confident and successful in this you could find nirvana by removing the you and the money from your thoughts. It's different for everyone and this career is not for everyone.
  • #40
  • Nov 4, 2008 1:52am Nov 4, 2008 1:52am
Quoting earret
Has anyone had any experience with using Brain Entrainment mp3 files? I have a couple and they do seem to help calm the chaos that is my mind !!!

I have only audio ofcourse...it seems as though the visual styles that I have seen are a little too busy for me and I can't focus on total relaxation...which is the end goal.

Any good suggestions of where I can get more?

Mike
No, as to me, I didn't try it before..what is it? is it like CD-course?
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