Meditation: Does it Help Your Trading?

Hi Traders,

Have you wondered, "does meditation help my trading?"

In our endless search as traders for the secret tools that can help us be successful, meditation is commonly turned to. The question is, does it help?

If you are asking yourself this question, check out my new blog.

https://enlightenedtraders.wordpress.com/2020/08/06/meditation-does-it-help/

 

Meditation is great but hard work beats that. I do a lot of self-talk too

 

No it doesn't help, just delays the process of reaching the end goal.

I'm feeling some deja vu here Andrea

 

Lots of studying, analyzing, researching, and lots of lots of prayer. I suppose if you count going over the things I've studied and analyzed in my head as I go about my day to day as "meditating" I do do that, but have no idea if that does anything for my trading.

 

Your state of mind matters and I believe in positive thinking. Negative thinking is poison. You might as well pack it in if that is your mindset. Traders are fearful of being wrong and losing monies. That is just rational. However, if you trade the stockmarket, you are guaranteed to have losers. So, how do you handle it? Proper position sizing and risk management. Do that and accept that losers will be part of it. You just need winners that are multiples larger than your losers. That alone removes a lot of stress and pressure when trading the stockmarket.

 

How does that help?

 

The money or the prayer?

 

That's not a very positive message for someone extolling the virtues of positive thinking

Be like Dory. Just keep swimming, just keep swimming....and you will eventually achieve coherence.

 

Prayer

 

I doubt I'd still be standing today if it weren't for God. 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. All I know is he took a nobody with nothing more than a GED and enabled him with a skill that has a less than 5% success rate.

I'm not fixing to do a theological debate on the existence of God if that's what you're about to attempt. Nothing worse than hours of debate with an atheist who has an axe to grind with anyone who believes in God (not saying that's you. Just saying in general) just to end up in a strawman.