How to Meditate: Improve Your Day Trading Mindset
A Trading Mindset Practice For When You’re Away From the Charts (And How to Bring It With You Wherever You Go)
If I told you there was one daily practice that you could do away from a trading session that would have a greater impact on your trading mindset and ability to profit in the market than any other, even if it’s something you think you’re not interested in, would you be willing to give it a shot?
I want you to think about your most recent fumble with the markets. Bring to mind the last time you made a mistake or felt out of control while you were trading. Do you remember what you were thinking and feeling when that was happening? For a lot of traders, myself included, when we’re itching to appease a strong emotion, like hyper-contemplating moving our stop loss for fear of losing money when price plummets toward it, there’s usually a lot of heated thinking happening. Our trading discipline is nowhere to be found.
If you couldn’t feel or think at that moment, would you have been more likely to follow your rules or accept the loss? If you could magically flip a switch off in your brain and stay completely serene, in control of your trading mindset, no matter what’s happening in the market – don’t you think that would make you better at following your trading rules or help you stay confident during a losing streak?
In reality, there’s no switch to turn our emotions on and off. There’s no silver bullet that can make you stop feeling a mix of emotions while you’re trading. But the good news is that we don’t need a switch because you are 100% capable of trading with confidence and clarity despite all the different emotions you feel when you profit or lose in the markets.
How do we do that?
We develop an observer’s mind. When you’re able to create some pause and space between your feelings, thoughts, and your decisions and actions, you gain more control over your trading behavior and your reactions to the market. One of the best ways to achieve this is through keeping a meditation practice.
Before teaching you what meditation is and how to do it, especially with the main goal of using meditation to help your trading, I’m going to share a little bit about my past with you all.
Long before I ever owned a piece of stock or knew what Forex was, during my college years I was studying psychology in Los Angeles. During my second year of studies, I took a class about different mysticism and meditative traditions that stem from a variety of major religions. We learned about the concept of atman and dharma as illustrated in the Hindu suttrhas. We explored the prayer practices of the Jewish Chasidim of eastern Europe in the 17th century, and we also learned about the tenets of Buddhism that arose from the Buddha’s experiences with meditation.
This was by far one of my most favorite classes I had ever taken. I was so enthralled with the ways in which people found relief from the difficulties of life through contemplation and prayer. And it was also the point in my life that I became incredibly interested in Buddhism. Now, this wasn’t the first time I learned about Buddhism.
When I was 16, I had picked up a little book of the sayings of the Buddha as edited and compiled by Jack Kornfield, a psychologist who during the 1970s became deeply invested in learning about and teaching Buddhist practices as a means to healing trauma. As someone who wrestled with depression for decades, the Buddha’s emphasis on seeing things as they are instead of becoming attached to any thought or emotion offered me some relief and helped me prevent my thoughts from spiraling.
So, when I was taking this mysticism and meditation course during college, it was the springboard I needed to dive deeper into Buddhist philosophy and practice. I found a few meditation groups in the Los Angeles area, including the Northridge Zen Center, where I was able to learn how to sit Zazen, the form of meditation taught through Zen Buddhism, and I attended dharma talks that discussed some of the Buddha’s prominent teachings about becoming an observer instead of staying in a reactionary way of thinking.
This started my love affair with meditation. I’ve been on and off daily meditation streaks for over a decade now and I can’t emphasize enough just how much this one practice has changed my life. Meditation does not need to be a religious practice, it can be a discipline for feeling at peace and aware of what you think.
So what exactly is meditation?
It’s a practice of sitting still for a handful of minutes, usually as little as 5 minutes or as long as 20, 45, or even 60 minutes. Personally, when I keep a daily practice, I find 15 to 20 minutes to be the sweet spot for getting a noticeable benefit from regular meditation. I’ll do this once a day before starting my work.
Next, let’s talk about how you meditate. As you’re sitting still during this slot of time, your focus should stay centered on your breath. The feeling of air moving in and out of your nostrils, or with the rise and fall of your chest and belly. Naturally, your mind will start to move, so to speak, while you are trying to focus on your breath. When that happens, you notice that you are thinking this thought, you let it go, and you return to focusing on the breath.
That is meditation – continuously returning to your breath over and over, as you let your thoughts move by, like clouds floating across the sky.
You are training yourself to not get caught up in everything your thoughts say.
By doing this every day, you learn to let go of the constantly stimulated stream of thoughts and over time you’ll find that it’s easier to quiet your mind when you sit to meditate.
There’s a saying, though, that the real practice of meditation occurs when you’re not on your cushion. See if you can bring this tactic with you to your trades.
How to Bring Meditation to Your Trading
Midway through a trade, maybe you’re starting to sweat as your take profit target is almost hit but then turned the other direction. Instead of sitting in anxiety, see if you can return to your breath. Then, the next step is to mentally return to your rules. Do you have a rule for this kind of situation? If not or if you’re supposed to hold through, that’s what you tell yourself. “Hold on.” The anxiety is still there, probably, but you’re better equipped to intercept the reaction and allow space for both the anxiety and your decision to follow your rules.
Should you keep a regular meditation practice, you’ll also find that when you don’t let your thoughts spiral or be continuously filled with more steam, they will often calm down and go away. Like a car that runs out of fuel, without the energy and heat of your emotions, self-sabotaging thoughts will die off.
Can you see how this practice can save your tail while you trade? It’s such a powerful tool!
If you’d like to start with a guided meditation specifically crafted for traders, check out another video I made for this purpose.
I recommend checking out other videos about how to keep a daily meditation practice and even see about using an app like Calm to help you stay accountable and go deeper into your practice. Best of strength and luck, and I’ll see you in the markets!
Pingback: Why DISCIPLINE is Crucial for Day Trading Forex Markets - Disciplined FX
Magnificent beat ! I would like to apprentice while you amend your web site, how can i subscribe for a blog site? The account helped me a acceptable deal. I had been a little bit acquainted of this your broadcast provided bright clear idea
Its good as your other blog posts : D, thanks for putting up.
you have a great blog here! would you like to make some invite posts on my blog?
I enjoy your writing style really loving this website .
Good info. Lucky me I reach on your website by accident, I bookmarked it.
I like what you guys are up also. Such smart work and reporting! Keep up the excellent works guys I?¦ve incorporated you guys to my blogroll. I think it’ll improve the value of my web site 🙂
Absolutely pent subject matter, appreciate it for entropy.
Great post, I believe blog owners should acquire a lot from this web blog its rattling user pleasant.
I have learn several excellent stuff here. Certainly worth bookmarking for revisiting. I surprise how much attempt you set to make this type of fantastic informative web site.
There are some interesting deadlines in this article but I don’t know if I see all of them middle to heart. There is some validity however I will take hold opinion until I look into it further. Good article , thanks and we want extra! Added to FeedBurner as effectively
Definitely, what a great blog and revealing posts, I definitely will bookmark your site. Best Regards!
My website: подборка анала с худами красавецами
Muchos Gracias for your article.Really thank you! Cool.
My website: глотает член и сперму
As a Newbie, I am continuously exploring online for articles that can be of assistance to me.
My website: трахнул молодую жену
i like to play whit my fat live cams blonde and stick a 1 finger in my ass
Some really wonderful work on behalf of the owner of this site, dead great content.
I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!
I have been absent for some time, but now I remember why I used to love this website. Thank you, I’ll try and check back more frequently. How frequently you update your site?
fantastic submit, very informative. I wonder why the other experts of this sector do not understand this. You should continue your writing. I’m confident, you’ve a huge readers’ base already!
You could definitely see your expertise in the work you write. The world hopes for more passionate writers like you who aren’t afraid to say how they believe. Always follow your heart.
I conceive you have noted some very interesting details , thankyou for the post.
I think you have mentioned some very interesting details, thanks for the post.
Excellent goods from you, man. I have be mindful your stuff previous to and you’re simply extremely wonderful. I really like what you have obtained here, really like what you are stating and the best way wherein you assert it. You are making it enjoyable and you still take care of to keep it wise. I can’t wait to learn far more from you. That is actually a terrific web site.
It?¦s actually a great and useful piece of information. I am happy that you shared this useful information with us. Please stay us informed like this. Thanks for sharing.
But a smiling visitant here to share the love (:, btw great layout. “Individuals may form communities, but it is institutions alone that can create a nation.” by Benjamin Disraeli.
With havin so much written content do you ever run into any issues of plagorism or copyright infringement? My website has a lot of exclusive content I’ve either written myself or outsourced but it seems a lot of it is popping it up all over the web without my authorization. Do you know any ways to help stop content from being ripped off? I’d really appreciate it.
What Is Sugar Defender? Sugar Defender Drops is a powerful friend for people who want to control their blood sugar levels
What¦s Happening i am new to this, I stumbled upon this I have found It positively useful and it has helped me out loads. I am hoping to contribute & aid different customers like its helped me. Great job.
Hi there are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you require any html coding knowledge to make your own blog? Any help would be greatly appreciated!
I have recently started a web site, the info you offer on this site has helped me greatly. Thanks for all of your time & work.
Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across. It extremely helps make reading your blog significantly easier.
It’s actually a great and helpful piece of info. I’m glad that you simply shared this useful info with us. Please keep us informed like this. Thanks for sharing.
What’s Taking place i am new to this, I stumbled upon this I’ve found It absolutely helpful and it has aided me out loads. I am hoping to contribute & assist different customers like its helped me. Great job.
ProvaDent is an all-natural, safe-to-take advanced oral probiotic complex that supports great dental health.
I think this is among the most important info for me. And i am glad reading your article. But wanna remark on some general things, The website style is ideal, the articles is really nice : D. Good job, cheers
Hello! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good gains. If you know of any please share. Appreciate it!
F*ckin’ amazing things here. I’m very satisfied to peer your article. Thanks a lot and i am taking a look ahead to touch you. Will you kindly drop me a mail?
Lottery Defeater: What Is It? A software tool called Lottery Defeater was created to raise the odds of winning lottery tickets.
I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.
What Is FitSpresso? FitSpresso is a dietary supplement that is made to support healthy fat-burning in the body
Excellent read, I just passed this onto a colleague who was doing a little research on that. And he just bought me lunch because I found it for him smile Therefore let me rephrase that: Thanks for lunch!
I wanted to thank you for this great read!! I definitely enjoying every little bit of it I have you bookmarked to check out new stuff you post…
okvip.deals là một trong những tập đoàn trò chơi giải trí trực tuyến hàng đầu khu vực châu Á. Với trang chủ chính thức tại https://okvip.deals/, okvip.deals cung cấp các trò chơi giải trí đa dạng và phong phú, đem lại trải nghiệm tuyệt vời cho người chơi. Với sứ mệnh mang đến niềm vui và sự hào hứng cho người chơi, okvip.deals không ngừng phát triển và đổi mới để đáp ứng nhu cầu giải trí của cộng đồng người chơi trực tuyến.
MB66 la mot nha cai truc tuyen duoc nhieu nguoi biet den voi cac dich vu ca cuoc da dang, tu the thao, casino truc tuyen den cac tro choi so. Diem noi bat cua MB66 la giao dien than thien, de su dung, cung voi do la he thong bao mat tot, dam bao an toan thong tin cho nguoi dung. Website : https://mb66.rocks/
King88 la mot nha cai ca cuoc truc tuyen ua chuong nhat hien nay. Trang web so huu cac tro choi da dang nhu casino, ban ca, no hu, the thao bong da, xo so, da ga va game bai doi thuong cuc HOT. Dang ky tai khoan nhat ngay khuyen mai trai nghiem va cac uu dai bao hiem hoan tra cuoc cuc khung.
Website: https://king886.co/
I?¦ve learn several good stuff here. Certainly worth bookmarking for revisiting. I surprise how a lot attempt you put to make one of these great informative website.
I went over this website and I conceive you have a lot of great information, bookmarked (:.
Hiya, I’m really glad I’ve found this info. Today bloggers publish just about gossips and web and this is actually irritating. A good web site with exciting content, this is what I need. Thank you for keeping this website, I’ll be visiting it. Do you do newsletters? Can’t find it.
Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!
Great blog here! Also your site loads up very fast! What host are you using? Can I get your affiliate link to your host? I wish my site loaded up as quickly as yours lol
What Is Neotonics? Neotonics is a skin and gut supplement made of 500 million units of probiotics and 9 potent natural ingredients to support optimal gut function and provide healthy skin.
I believe you have mentioned some very interesting details, thanks for the post.
Great write-up, I’m regular visitor of one’s web site, maintain up the excellent operate, and It is going to be a regular visitor for a long time.
Excellent read, I just passed this onto a colleague who was doing some research on that. And he just bought me lunch because I found it for him smile Therefore let me rephrase that: Thanks for lunch! “Do you want my one-word secret of happiness–it’s growth–mental, financial, you name it.” by Harold S. Geneen.
Awsome post and straight to the point. I am not sure if this is really the best place to ask but do you folks have any ideea where to get some professional writers? Thanks in advance 🙂
Nha cai Vin777, mot trong nhung dia chi ca cuoc truc tuyen uy tin va chat luong hang dau tai Viet Nam. Voi giao dien truc quan, doi ngu CSKH chuyen nghiep, chinh sach bao mat an toan va cac tro choi da dang hap dan https://vin777-vn.com/
Sweet blog! I found it while searching on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Many thanks
I reckon something truly special in this website.
My website: chastnoeporno.top
You made some really good points on your post. Definitely worth bookmarking for revisiting. Also, visit my website Article Star for content about Bitcoin.
Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a bit, but instead of that, this is fantastic blog. A great read. I’ll definitely be back.
S666 chinh thuc hoat dong tu nam 2012 va la san pham cua thuong hieu First Cagayan, Philippines. Phuong cham ma nha cai luon chu trong la dat loi ich cua thanh vien len tren het. Voi hon 10 nam ton tai,da co cho dung nhat dinh trong cong dong cuoc thu chuyen nghiep https://s666-vn.org/
Great beat ! I wish to apprentice while you amend your site, how could i subscribe for a blog web site? The account helped me a acceptable deal. I had been tiny bit acquainted of this your broadcast offered bright clear concept
Pingback: alexistogel
Hello, you used to write great, but the last few posts have been kinda boring?K I miss your super writings. Past few posts are just a little out of track! come on!
Thank you ever so for you blog. Really looking forward to read more.
My website: chastnoeporno
I like what you guys are up too. Such smart work and reporting! Keep up the excellent works guys I have incorporated you guys to my blogroll. I think it will improve the value of my website 🙂
Today, while I was at work, my sister stole my apple ipad and tested to see if it can survive a 30 foot drop, just so she can be a youtube sensation. My iPad is now broken and she has 83 views. I know this is completely off topic but I had to share it with someone!
I just couldn’t go away your site before suggesting that I really loved the usual information an individual provide for your visitors? Is going to be again steadily in order to inspect new posts.
Fantastic articleReally thank you!
I simply couldn’t leave your web site before suggesting that I extremely loved the usual information an individual provide to your visitors? Is gonna be back incessantly in order to check up on new posts
We’re a group of volunteers and opening a new scheme in our community. Your website offered us with valuable information to work on. You’ve done a formidable job and our whole community will be thankful to you.
Hey There. I found your blog using msn. This is a really well written article. I’ll be sure to bookmark it and come back to read more of your useful information. Thanks for the post. I’ll definitely return.
Good website! I truly love how it is easy on my eyes and the data are well written. I am wondering how I might be notified when a new post has been made. I’ve subscribed to your RSS which must do the trick! Have a nice day!
I’m impressed, I need to say. Really hardly ever do I encounter a weblog that’s both educative and entertaining, and let me inform you, you will have hit the nail on the head. Your thought is excellent; the issue is one thing that not sufficient persons are speaking intelligently about. I’m very glad that I stumbled across this in my search for something regarding this.
I’d perpetually want to be update on new content on this internet site, saved to favorites! .
This actually answered my downside, thank you!
SightCare
Fitspresso review
Whoa! This blog looks just like my old one! It’s on a totally different topic but it has pretty much the same layout and design. Great choice of colors!
Cellu care
Lottery defeater system reviews
Fitspresso
Sight care review
Fitspresso is a brand-new natural weight loss aid designed to work on the root cause of excess and unexplained weight gain. The supplement uses an advanced blend of vitamins, minerals, and antioxidants to support healthy weight loss by targeting the fat cells’ circadian rhythm.
I haven’t checked in here for a while because I thought it was getting boring, but the last several posts are great quality so I guess I will add you back to my daily bloglist. You deserve it my friend 🙂
Opini pix funciona
Juice to loss weight
Fitspresso
Fitspresso
Fitspresso reviews
Fitspresso review
Dentavim reviews
Fitspresso review
Fitspresso is a brand-new natural weight loss aid designed to work on the root cause of excess and unexplained weight gain. The supplement uses an advanced blend of vitamins, minerals, and antioxidants to support healthy weight loss by targeting the fat cells’ circadian rhythm
Fitspresso review
Fitspresso
Fitspresso
Fitspresso
I like this web blog very much, Its a really nice office to read and obtain information. “Practice, the master of all things.” by Augustus Octavius.
Weight loss juice
Lottery defeater
Neotonics gummies reviews
Some genuinely interesting info , well written and broadly speaking user pleasant.
Lottery defeater review
Sightcare
Pineal XT reviews
Fitspresso review
Kerassentials
Fitspresso reviews
sugar defender drops is a potent and effective way to support healthy blood sugar levels throughout the day. As your body adjusts to the ingredients, you’ll notice reduced hunger, increased energy, and improved blood sugar readings.
Javaburn
Fitspresso
Fitspresso review
Fitspresso
Fitspresso is a brand-new natural weight loss aid designed to work on the root cause of excess and unexplained weight gain. The supplement uses an advanced blend of vitamins, minerals, and antioxidants to support healthy weight loss by targeting the fat cells’ circadian rhythm
Sightcare review
Lottery defeater software
Neotonics gummies review
Nano defense pro review
Вся информация, представленная на данном сайте, носит исключительно информационный характер и предназначена для ознакомления с деятельностью онлайн-казино. Сайт не являемся оператором игр и не предоставляем услуг по организации азартных игр. wbbgktpdxn … https://tripledvision.com/wp-content/uploads/top-obzor-kazino.html
NITRIC BOOST ULTRA
PROVADENT REVIEW
TONIC GREENS
PROVADENT REVIEWS
Lottery defeater software
Sightcare review
Lottery defeater review
The genius wave
Dentavim review
JOINT GENESIS REVIEWS
Erecprime
Lottery defeater system
TonicGreens review
Pro nerve 6
Pineal XT reviews
Provadent review
Lottery defeater system reviews
LOTTERY DEFEATER REVIEWS
Plant sulin review
Flexigenics review
Boostaro reviews
LOTTERY DEFEATER SOFTWARE
Lottery defeater reviews
Boostaro
Fitspresso
Sight Care
Lipozem reviews
The genius wave software
Pura vive
Nano defense review
Lipozem review
GLUCO6 REVIEWS
Boostaro review
Quietum Plus
TONIC GREENS
nitric boost reviews
The genius wave review
Alphabites review
Lipozem reviews
PROVADENT REVIEW
SUGAR DEFENDER REVIEWS
Alphabites reviews
LIPOZEM
nitric boost reviews
Alpha bites review
Alphabites reviews
Lipozem review
Lottery defeater review
LOTTERY DEFETAER REVIEWS
ALPHA BITES REVIEW
Alpha bites review
Fitspresso reviews
ALPHA BITES REVIEWS
Alpha bites review
Alphabites review
LOTERRY DEFEATER REVIEWS
BOOSTARO