Meditation :mastering the monkey brain

This is a discussion on Meditation :mastering the monkey brain within the Psychology, Risk & Money Management forums, part of the Methods category; Every day, before I start trading , I always meditate 1 hour a day , I have been practicing meditation ...

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Old May 3, 2017, 8:57am   #1
Joined Apr 2017
Meditation :mastering the monkey brain

Every day, before I start trading , I always meditate 1 hour a day , I have been practicing meditation within a buddhist and yogic tradition. Working with a meditation teacher the entire time, as of this writing, I have logged well over 6,000 hours of meditation practice.

Meditation will help traders follow their systems.To trade succesfully without mistakes , a trader needs to be in a transcendent state in which there is neither suffering, desire, nor sense of self.There are plenty of youtube videos for meditation.

The benefits of meditation are well documented, yet most traders come up with endless excuses why they can’t find the time to meditate daily it. Meditation increases your ability to focus and slows down your mind. Learning to observe everything on your charts in slow motion is an art you should develop. It will give you an immense trading edge.

http://www.nhs.uk/news/2007/October/...rovesmood.aspx

Paying more attention to the present moment – to your own thoughts and feelings, and to the world around you – can improve your mental wellbeing.It's easy to stop noticing the world around us. It's also easy to lose touch with the way our bodies are feeling and to end up living 'in our heads' – caught up in our thoughts without stopping to notice how those thoughts are driving our emotions and behaviour.

http://www.trade2win.com/boards/educ...scovery-4.html


Traders make mistakes and plenty of them.Traders also lose their discipline for many reasons.

http://www.trade2win.com/boards/educ...g-traders.html

http://www.trade2win.com/boards/psyc...erfection.html

http://www.trade2win.com/boards/psyc...g-traders.html

http://www.trade2win.com/boards/educ...iscipline.html


https://www.youtube.chttp://www.trad...?v=wirV265ZYSw


Traders are like monkeys , they suffer from the MONKEY BIAS, THEY DO MONKEY BUSINESS ON LIVE ACCOUNTS

Humans are very clever and we get clever , when it is not in our interests .When given a highly profitable system , we second guess systems , because we are smart and smarter than the creator of the system.We are like monkeys and do monkey business on live accounts .It is called self sabotage.





http://www.trade2win.com/boards/psyc...ml#post2901374
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Old May 3, 2017, 1:06pm   #2
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foroom lluzers started this thread 'Gekko syndrome'
So why do banks recruit these gamblers in the first place?"What I have observed is a big emphasis in banks on technical competence - high cognitive ability or IQ," says Mr Curnier."When it comes to EQ [Emotional Quotient], my sense is that people are not spending a lot of time focusing on that."

Does the "high roller" image of Gordon Gekko attract the wrong kind of candidate?
EQ is a measure of individuals' ability to manage their emotions and their relations with others, developed by psychologist Daniel Goleman.Mr Curnier says many traders suffer from "Gekko syndrome", like the "greed is good" anti-hero of the film Wall Street.They lack self-awareness - the ability to understand their own emotions and how they affect others

http://www.anderson.ucla.edu/faculty...hen/papers.htm

http://www.anderson.ucla.edu/faculty...inal_JPE06.pdf






http://www.bbc.co.uk/news/business-19849147

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Old May 3, 2017, 1:23pm   #3
 
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An hour per day of meditation?! No way could I sit quietly for that length of time

I could probably do 10 mins. but be ancy at the end of that!
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if you have a little volatility, half an idea where sh^t will turn, and a reasonable stop, I might be able to start making $ off this venture
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Old May 4, 2017, 6:57am   #4
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Originally Posted by piphoe View Post
An hour per day of meditation?! No way could I sit quietly for that length of time

I could probably do 10 mins. but be ancy at the end of that!
Here
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