Most people that use meditation in their trading were using it in other areas of their life prior to trading. They'll most likely continue using meditation after trading. In fact, I see no relationship between their use of meditation and risk management. wrbtrader
Unless you are a floor trader/seat of the pants/hyper maniac,Im not so sure there will be a direct correlation between trading and meditation... However,there is zero downside to it ,and it is a great tool for enhancing one's life... When I was training in Japan.I spent time at various zendos.For shits and giggles try sitting still for 20 seconds,control your breath,and see if you can have an empty mind with no thoughts of any kind.Counting not allowed.. It should show just how congested and busy your mind is
It actually takes more faith. Pasteur's omne vivum ex vivo - biogenesis is still standing after over 150 years. Countless theories that are non-verifiable have been proposed and numerous post dated checks are still being written in attempts to disprove it but the facts are the facts.
I think our minds are meant to be congested and busy, but trained so it's focused on learning, observing and soaking in information, maybe like how they train police detectives to be aware and observant. While trading, our minds should be going flat out for some of the time with medititation being polar opposite, I can't see it being helpful that much. A good night's sleep every night would probably be more beneficial.
Actually, I have found that meditating helps me control my biases/anxieties (at least the ones that I am aware of). There is also this guided meditation for added motivation.
Our minds are not really meant to be overloaded with info and stimulus,in particular staring at screens.. Just like your muscles need to regenerate after taxing them,so does the brain.... Google Mushin no shin,and no Mr Miyagi references tolerated
%% 1% sounds like a daily or weekly goal. Maybe should shoot for more than that on weekly/swing or position trade,because of losses. I like the trading illustration of high risk activity , the UK fund manager told Jack schwager. UK fund manager said '' save some bullets+money '' IF you don't save some money +bullets-- then the big elephant walks by '' LOL/true.
Seriously? His "life from life" was a simple experiment that showed how bacteria does not self-originate in fermenting liquid but rather get there via contamination. While a very important discovery at the time, it has nothing to do with creation or evolution.
For me, trading is more akin to driving than hunting big game. Trading requires about the same level of alertness and attention as driving a stick shift.