Meditation: Does it Help Your Trading?

[wrbtrader]

Sure it helps, but if you need meditation to keep your nerves together, you are probably using a position size that's way too big for you. Trading is an extremely high-risk activity, which is why you should use a mere fraction of the result you want to achieve in a given time.

Ex.: if you're day trading for 1% monthly return, you should be risking around 0.05 of your trading capital per trade, so that your risk is diluted and you don't get crazy anxious about it.

Most people that use meditation in their trading were using it in other areas of their life prior to trading.

They'll most likely continue using meditation after trading.

In fact, I see no relationship between their use of meditation and risk management.

wrbtrader

 

[taowave]

Unless you are a floor trader/seat of the pants/hyper maniac,Im not so sure there will be a direct correlation between trading and meditation...

However,there is zero downside to it ,and it is a great tool for enhancing one's life...

When I was training in Japan.I spent time at various zendos.For shits and giggles try sitting still for 20 seconds,control your breath,and see if you can have an empty mind with no thoughts of any kind.Counting not allowed..

It should show just how congested and busy your mind is

 

[They]

Sure people can debate the existence of God or theology, but it takes as much faith to believe life came from non life as the inverse.

It actually takes more faith. Pasteur's omne vivum ex vivo - biogenesis is still standing after over 150 years. Countless theories that are non-verifiable have been proposed and numerous post dated checks are still being written in attempts to disprove it but the facts are the facts.

 

[Bugsy]

It actually takes more faith. Pasteur's omne vivum ex vivo - biogenesis is still standing after over 150 years. Countless theories that are non-verifiable have been proposed and numerous post dated checks are still being written in attempts to disprove it but the facts are the facts.

View attachment 236978

Ya, I pulled that line straight from him

 

[themickey]

Unless you are a floor trader/seat of the pants/hyper maniac,Im not so sure there will be a direct correlation between trading and meditation...

However,there is zero downside to it ,and it is a great tool for enhancing one's life...

When I was training in Japan.I spent time at various zendos.For shits and giggles try sitting still for 20 seconds,control your breath,and see if you can have an empty mind with no thoughts of any kind.Counting not allowed..

It should show just how congested and busy your mind is

I think our minds are meant to be congested and busy, but trained so it's focused on learning, observing and soaking in information, maybe like how they train police detectives to be aware and observant.
While trading, our minds should be going flat out for some of the time with medititation being polar opposite, I can't see it being helpful that much.
A good night's sleep every night would probably be more beneficial.

 

[Same Lazy Element]

Unless you are a floor trader/seat of the pants/hyper maniac,Im not so sure there will be a direct correlation between trading and meditation...

Actually, I have found that meditating helps me control my biases/anxieties (at least the ones that I am aware of).

There is also this guided meditation for added motivation.

 

[taowave]

Our minds are not really meant to be overloaded with info and stimulus,in particular staring at screens..

Just like your muscles need to regenerate after taxing them,so does the brain....

Google Mushin no shin,and no Mr Miyagi references tolerated

I think our minds are meant to be congested and busy, but trained so it's focused on learning, observing and soaking in information, maybe like how they train police detectives to be aware and observant.
While trading, our minds should be going flat out for some of the time with medititation being polar opposite, I can't see it being helpful that much.
A good night's sleep every night would probably be more beneficial.

 

[murray t turtle]

I get your point about trading too large and frayed nerves, but when I think of extremely high risk activities, trading does not come to mind. Trading is a game in which your risk of loss is limited to money, not life or limb.

A common issue I see throughout many of these threads is that people are too poor to be trading. (This is not a statement about how much money one actually has.) Technology, decreased costs, and the invention of new trading instruments have made it possible for anyone to get into the game with very little money. I think it's great that the opportunity is there for people. Still, the fact remains that trading cannot be learned correctly with a poor man's mentality toward money.

Day trading for 1% per month? Why bother, go get a job instead.

%%
1% sounds like a daily or weekly goal. Maybe should shoot for more than that on weekly/swing or position trade,because of losses.
I like the trading illustration of high risk activity , the UK fund manager told Jack schwager.
UK fund manager said '' save some bullets+money '' IF you don't save some money +bullets-- then the big elephant walks by '' LOL/true.

 

[Same Lazy Element]

Pasteur's omne vivum ex vivo - biogenesis is still standing after over 150 years.

Seriously? His "life from life" was a simple experiment that showed how bacteria does not self-originate in fermenting liquid but rather get there via contamination. While a very important discovery at the time, it has nothing to do with creation or evolution.

 

[savoir]

%%
1% sounds like a daily or weekly goal. Maybe should shoot for more than that on weekly/swing or position trade,because of losses.
I like the trading illustration of high risk activity , the UK fund manager told Jack schwager.
UK fund manager said '' save some bullets+money '' IF you don't save some money +bullets-- then the big elephant walks by '' LOL/true.

For me, trading is more akin to driving than hunting big game. Trading requires about the same level of alertness and attention as driving a stick shift.