Article Mindfulness: It Can Mean All the Difference in Your Trade

T2W Bot

Staff member
1,500 117
Are you allowing the “noise” to distract you when you are about to get in or you are already in a trade?  Noise can be the news, the TV, the temperature in your office, your dog Fido that keeps coming into your office, the charts or your spouse asking you a question.  Noise is anything that is in that moment secondary to your trading; in other words, something that is taking your mind away from where it should be, i.e., focused only on the things that are most important to your trade.  Those things for the most part are your plan, your rules and the price action.  One of the ways to remain focused is to use a process of “mindfulness.”  It is a process that keeps your purpose firmly on your dashboard and your intentions for the trade in line with your attention.
Mindfulness in your trading, that is, to be in the moment for the moment, fully available, fully present and in the NOW is crucial to doing what it takes to be consistently successful.  Some people are focused on the past. ...

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Sigma-D

Established member
648 62
"“reframe” the idea of loss by changing the context or content frame as in, “losses are only lessons” or “every loss gets me closer to a big win” or “failure is only feedback.” Then the meaning has changed from negative to positive or neutral at worst and the emotional relationship between you and loss has changed. "

I wonder if Dr. Johnson has ever taken a real trade in his life?

By this rationale if I get cancer, I can reframe it into a positive life expereince by the simple act of mindfulness.
 

NVP

Legendary member
37,767 2,101
interesting piece and can be extended into many areas in life............

this piece pretty much encapsulates the purist theory of Buddism ..........
 

AuthenticFX

Junior member
18 0
I've tried to apply this quasi-new age psychological stuff in the past, with pretty poor results. I guess it works for some, just didn't for me. The suggestions for achieving mindfulness appear to be pretty glib and superficial, IMHO. And rather than reframing a loss as something other than a loss, I think it's more instructive and constructive to view losses as simple business costs. This approach, combined with the long-term discipline of just taking trade after trade after trade after trade and compiling data and statistics from those trades, has helped me to put losses into their proper perspective.
 

WklyOptions

Well-known member
269 24
I've tried to apply this quasi-new age psychological stuff in the past, with pretty poor results. I guess it works for some, just didn't for me. The suggestions for achieving mindfulness appear to be pretty glib and superficial, IMHO. And rather than reframing a loss as something other than a loss, I think it's more instructive and constructive to view losses as simple business costs. This approach, combined with the long-term discipline of just taking trade after trade after trade after trade and compiling data and statistics from those trades, has helped me to put losses into their proper perspective.

Nicely put, AuthenticFX,

Mindfulness = FOCUS. Stay on plan. Not a new idea but a difficult one to implement in every single trade for many retail traders.

Excellence = the ability to commit and complete assigned mission as planned.

Focus not on this trade's outcome W or L - but what is the Net Win or Loss over 20-30 closed trades (assuming the ability to trade 20-30 closed trades in the same consistent manner according to Trading Plan). :cool:

Regards,

WklyOptions
 

darktone

Veteren member
4,016 1,084
Nice article but.

The importance of psychology is poorly understood, even invisible to most traders.

Thankfully.
 

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railrunner

Newbie
4 0
Sir in your article near the end you said to click on the link below i did not see the link and i am very much interested in reading it could you send it to me if you still have access to it.
 

foroom lluzers

Veteren member
3,611 137
Mindfullness is not the answer , it requires a total change of beliefs , thoughts , trading systems , stress management , methods , trading techniques and mindfullness.
 
 
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