Can Trading Performance Be Enhanced Through Meditation? 6 replies
Meditation/Hypnotherapy & Trading. What is your resource 4 replies
DislikedI 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.Ignored
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DislikedSince 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.Ignored
DislikedWhile 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...Ignored
Dislikedright 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 roomIgnored
Dislikedthat 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.Ignored
DislikedHas 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?
MikeIgnored