Meditation: Does it Help Your Trading?

I think by far the way we talk to ourselves is the biggest factor in success.

 

Here's something until then.

 

Goleman's books are good stuff. Meditation helps in all phases of life but you have to learn to quiet the mind, not just introspect.

 

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I enjoy the fun meditation [+ there are several kinds] like keeping ones mind in gear + meditation on TQQQ or SQQQ candle charts...………………………………………………………………………………………………………………………..
Talk + pictures real important also;
+ my mom years ago used to love to lecture me on ''tone/your[talk] tone son/LOL'' Another reason to use charts; a picture is worth 2,000 words,

 

No, I prefer to listen some Metallica, Iron Maiden, ACDC, etc

 

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ALL that helps...…………………………………………………………………………………………...Meditation on charts will help, or time/sales, if one likes numbers in a row.[ Prefer candle charts myself]
Meditation on charts works for the same reason to reread jack schwager/get more out of reading more.
DOW just turned positive/15 minutes 'till close;
good thing that's not a benchmark

 

Sure it helps, but if you need meditation to keep your nerves together, you are probably using a position size that's way too big for you. Trading is an extremely high-risk activity, which is why you should use a mere fraction of the result you want to achieve in a given time.

Ex.: if you're day trading for 1% monthly return, you should be risking around 0.05 of your trading capital per trade, so that your risk is diluted and you don't get crazy anxious about it.

 

I get your point about trading too large and frayed nerves, but when I think of extremely high risk activities, trading does not come to mind. Trading is a game in which your risk of loss is limited to money, not life or limb.

A common issue I see throughout many of these threads is that people are too poor to be trading. (This is not a statement about how much money one actually has.) Technology, decreased costs, and the invention of new trading instruments have made it possible for anyone to get into the game with very little money. I think it's great that the opportunity is there for people. Still, the fact remains that trading cannot be learned correctly with a poor man's mentality toward money.

Day trading for 1% per month? Why bother, go get a job instead.

 

I meditate and mentally rehearse my trading goals. I believe it helps