One of my secret to trading is that I've figured out a method to get myself into a mental state I called being "in the zone". Being in the zone allows me to trade at an almost superhuman level of focus and discipline which gives me a huge advantage over other traders. What do I mean by zone? Well, according to Wikipedia being in the zone is like this concept called Flow:
Trading in the zone is how I'm able to make consistent returns like these:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=212197
Source: http://en.wikipedia.org/wiki/Flow_(psychology)Flow (psychology)
Flow is the mental state of operation in which a person in an activity is fully immersed in a feeling of energized focus, full involvement, and success in the process of the activity. Proposed by Mihály CsÃkszentmihályi, the positive psychology concept has been widely referenced across a variety of fields.[1]
According to CsÃkszentmihályi, flow is completely focused motivation. It is a single-minded immersion and represents perhaps the ultimate in harnessing the emotions in the service of performing and learning. In flow the emotions are not just contained and channeled, but positive, energized, and aligned with the task at hand. To be caught in the ennui of depression or the agitation of anxiety is to be barred from flow. The hallmark of flow is a feeling of spontaneous joy, even rapture, while performing a task.[2]
Colloquial terms for this or similar mental states include: to be on the ball, in the moment, present, in the zone, in the groove, or keeping your head in the game.
In an extreme state of being in the zone, time slows down and unusually higher physical performance may be achieved.
Components of flow
CsÃkszentmihályi identifies the following ten factors as accompanying an experience of flow [3][4]
1. Clear goals (expectations and rules are discernible and goals are attainable and align appropriately with one's skill set and abilities). Moreover, the challenge level and skill level should both be high.[5]
2. Concentrating, a high degree of concentration on a limited field of attention (a person engaged in the activity will have the opportunity to focus and to delve deeply into it).
3. A loss of the feeling of self-consciousness, the merging of action and awareness.
4. Distorted sense of time, one's subjective experience of time is altered.
5. Direct and immediate feedback (successes and failures in the course of the activity are apparent, so that behavior can be adjusted as needed).
6. Balance between ability level and challenge (the activity is neither too easy nor too difficult).
7. A sense of personal control over the situation or activity.
8. The activity is intrinsically rewarding, so there is an effortlessness of action.
9. A lack of awareness of bodily needs (to the extent that one can reach a point of great hunger or fatigue without realizing it)
10. Absorption into the activity, narrowing of the focus of awareness down to the activity itself, action awareness merging.
Not all are needed for flow to be experienced.
[edit] Etymology
Trading in the zone is how I'm able to make consistent returns like these:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=212197