Zen and The Art of Trading

Quote from DaveN:

Marty,

I think you are touching upon a very deep area of trading, IMHO. Six or seven years ago, I was a pure systematic trader. Since then I've faced and explored many of the issues that you are raising. As I had been an active trader since '94, I figured I had a pretty good sense of it all. How wrong I was....

That whole side of trading is truly fascinating. Coming from a systems perspective I was indeed a total newbie. Fears, freeze, reaction, elation, etc. were all new things to deal with. Trading did often feel much like gambling-being so new to this aspect, I felt a bit out of control and less certain of my trading. I had to be careful to separate my underlying knowledge and sense of market behaviour, which was pretty well developed, with these new, unfamiliar feelings.

Working on these, and it is a continual work in process, has been profoundly satisfying, not only for my trading, but also from a personal perspective. In many ways, trading forces me to face a lot of less-desireable aspects of my personality and psyche. Understanding, managing, and sometimes mastering some of these has been powerfully liberating. I feel that the markets are offering me more than money.

Consider that sometimes weaknesses are merely undeveloped strengths.
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I do feel like I am going toward the deeper side of the water and knowledge can only get me out so far then I don't know what's gonna help... Maybe a little luck :) But I think this is where I want to be. Thanks for the forewarning... I probably am underestimating the whole thing. :confused:
 
Quote from Virtuoso:

No one learns how to swim by sitting on the bank of the shore and conceptualizing about it.
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In the interview mentioned above, Gary Leffew explained how he trained actor Luke Perry how to ride a bull without having the actor actually riding the bull (to avoid having Perry injured during the making of the movie "8 seconds")

Just through the means of visualization, Leffew successfully taught the actor who then went on to ride a bull for real (at the end of the movie) in a superb way...
 
I started another thread "Dao of Trading" which should reinforce some of the same themes. The thread is gonna discuss Lao Tzu's "Dao De Ching" and not Larry's great book "The Tao of Poker."
 
Quote from martys:

I started another thread "Dao of Trading" which should reinforce some of the same themes. The thread is gonna discuss Lao Tzu's "Dao De Ching" and not Larry's great book "The Tao of Poker."
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Hi Martys

Four years have passed since your last post in this thread, could you share with us if the zen/meditation has helped you to improve your trade results ?
 
The most important thing is to find an edge yourself... the preferred edge would be to frontrun buyers and sellers... and not curve fitting hit or missed magic, math and theories. Even statistical models are questionable for retail traders.
 
Quote from joesan:

Hi Martys

Four years have passed since your last post in this thread, could you share with us if the zen/meditation has helped you to improve your trade results ?
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He didn't answer your question, but I will say I have been meditating for two years now and it has helped me in every aspect of my life. Try it out.
 
Quote from mxjones:

He didn't answer your question, but I will say I have been meditating for two years now and it has helped me in every aspect of my life. Try it out.
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Right. Doing meditation to help trading is kinda demeaning.
 
Thanks, I got the idea: Meditation/Zen is universally beneficial to the trader . I also proacitse meditation sporadically,and found that reading books/articles on Zen is very helpful in understanding and benefitting from meditation better.
 
Since there is so much essential information in the early part of this thread, and since it's not on the Hall of Fame list, and since no one has posted to it for five years, and since it's practically impossible to find unless one already knows where it is, I'm bumping it.

Those who seek calm in their trading, particularly those who are continually battling fear, will find this thread helpful. It may in fact save their trading lives.

The rules don't get finished until post 448, but the author shows up in post 308 (that sort of thing was not uncommon back in the day).

Db
 
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