Meditation :mastering the monkey brain

Akinozragore

Junior member
43 4
I meditate before trading. However, I meditate for 10-15 minutes.
My colleagues from India strongly recommended that I meditate. I did not understand them and laughed at their third eye. Now I have experienced meditation and cannot trade without it.
I meditate without music and extraneous sounds. I pronounce the sound “Ohm,” and I hold my tongue on the palate. The Hindus said that this is the correct position of the language.

I want to do yoga in order to fully come into harmony with the body. Our world is in a hurry and by stopping meditation I stop time.

I do not know whether it is worth increasing meditation to an hour. While I feel great and at 10 minutes.
 

fibo_trader

Experienced member
1,672 28
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/Pages/Meditationreducesstressandimprovesmood.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/educational-resources/161540-trading-journey-self-discovery-4.html


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

http://www.trade2win.com/boards/educational-resources/223432-mistakes-make-losing-traders.html

http://www.trade2win.com/boards/psychology-risk-money-management/223388-rewire-brain-trading-perfection.html

http://www.trade2win.com/boards/psychology-risk-money-management/223300-mind-traps-affecting-traders.html

http://www.trade2win.com/boards/educational-resources/142316-why-traders-lose-their-discipline.html


https://www.youtube.chttp://www.trade2win.com/boards/educational-resources/21064-how-stress-can-ruin-your-trading.htmlom/watch?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/psychology-risk-money-management/223452-best-psychology-videos-2.html#post2901374

(y)(y)(y)

Excellent thread such as this one does not belong in the United Kingdom or most of the west with the exception of the western united states and New York City. Would thrive in Asia, ALL of Asia.

Here it is Casting pearls amongst .............................
 

scarlet jones

Junior member
23 4
I agree. I follow the practice of meditation on a regular bias. It helps me to stay away from the negativity and keeps me calm when i trade. I am able to think better with a fresh mind and make sound trading decisions.
I would suggest everyone struggling to keep themselves patient to try this technique for at least 15 minutes everyday and you will see the difference yourself.
 

Pat494

Legendary member
13,685 1,366
Some are of the opinion that one should be without emorion/feelings as to one's trading results.
Personally I like to keep myself and trading in the comfort zone. Over do the trade size or iterations of trades and everything screams at me to slow down, pause take stock etc. One's gut feelings can be so useful if one listens to them. Perhaps this is another form of meditation ?
 

Peter5510

Newbie
6 3
Money brain aka primitive brain is physical part of our subconscious mind. The subconscious mind is unable to differentiate between real or imaginary. First, be honest to oneself and stop the thrash thought so that our subconscious is cleanse. I suppose this what Ray Dalio meant by hyper realism.
 

cantagril

Senior member
2,313 536
Some are of the opinion that one should be without emorion/feelings as to one's trading results.
Personally I like to keep myself and trading in the comfort zone. Over do the trade size or iterations of trades and everything screams at me to slow down, pause take stock etc. One's gut feelings can be so useful if one listens to them. Perhaps this is another form of meditation ?
IMHO "meditation" merely means to think/consider deeply. "Transcendental Meditation" otoh was a term coined some time in the 60s (I think) to describe a Hindu or Mantra based style that became extremely popular. As time went on there has been a shift away from TM as a core technique into more accessible or cut-down practices such as Mindfulness. Behind these there has been a less spiritually flavoured trance approach with hypnosis - this has also got somewhat hi-jacked with the popularity of stage hypnotism etc etc. Any version of a practice that alters one state of consciousness could be called "meditation" provided that it engages one's attention and induces trance - that would equally go for jumping about to a background of Techno music whilst off your face on chemicals, to missing out a few junctions on the motorway.

Part of my own daily routine involves a morning walk which I use as an opportunity to prepare myself for my first coffee and an enjoyable day of incompetent trading. I use a standard induction based on counting and awareness of stages of trance which works well with walking at moderately brisk pace for about 40 mins. Too fast and I find that the walking itself is distracting; too slow and I get distracted by everything else :)
 
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