Meditation is essential for becoming successful trader

emberbekas

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Quote from: Kevin43 on October 30, 2018, 10:23:46 AM

When I started trading , in my mind always I was getting negative thoughts (or thoughts which made me to reverse my decision) , I saw a article about trading psychology where he had mentioned that before stating trading do meditation for few months as it really changes the way of your trading , after that I started meditation now after 3-4 months , I am able to control negative thoughts and my concentration as improved a lot

Meditation may help us to control our mind in regards with the actions we will take. It could give a help, for sure, but it won't be the main thing we must do if we want our trading run as expected. Learning the necessary stuffs and always update with the recent news will take a big role as well.

greeklogos

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It still stayed unclear to me, how it helped you to become a profitable trader? It's OK that now you can stay away from negative thoughts, but what about trading, indeed?

lenovop-70

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I would like to say that meditation is one of some aspect to become successful trader, many other factor we need to be successful, like fundamental analysis and many others.
I do meditation sometime, when io get bored of analysis, for me, meditation is like small leisure to chill out, nice share mates!

shoreno

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no matter how you meditate your self but if the market is still in bad condition do you think you can become succesful about your trading career ? i guess no right ? most succesful traders dont meditate but they were only praying that one day the market could recover so that they can do a good trades . prayers are more effective imo than meditation or any other fancy doings .

Nahl

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During trading I wasn't use this method before but i had heard too meditations can makes us more calm and can control our emotions but it's makes sense for me because to made particular decission while trading then it's required patience and precise accuracy and all if it can be done when we can control our emotions but meditations is not the essential to became an succesful trader and you should have other skill too

Kiir

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I used to play poker for a long time.

Tilting (You can call it raging xD) is something that happens to every poker player. Not many get it in check.

Working out BEFORE poker sessions, along with reevaluating my view on poker and accepting variance is simply a part of the game which needs to be accepted, has been one of the major things that made tilting almost impossible.

I would say physical workout helps with removing (or lowering the amount of) "negative thoughts" and actually helps you think more clearly since you're too tired to rage. To put it simply Cheesy

justdimin

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Quote from: bittraffic on January 04, 2019, 07:04:46 AM

I don't know what sort of meditation is done here, I have no idea what else to do with the market situation that meditation can solve. What do you think of when you meditate? The only that will make me win decision in trading is that if I think there is nothing to lose because after all, I got my capital from the bounties I get.

As far as I have concerned, meditation is good and it will help you to control your emotions. We are all well aware of the importance of controlling our emotions while trading. By combining these, I believe OP is mentioning about the importance of having peaceful mind for becoming successful trader. I'm not sure that meditation will give positive energy which is important for success in trading like OP mentioned.

But, being positive is always good but that will be leading to being overconfident. Being overconfident while trading is always dangerous one because we should not trade on being confident but we should always follow our technical trading analysis so that we can be trading safely.

bittraffic

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I don't know what sort of meditation is done here, I have no idea what else to do with the market situation that meditation can solve. What do you think of when you meditate? The only that will make me win decision in trading is that if I think there is nothing to lose because after all, I got my capital from the bounties I get.

ethereumhunter

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Meditation is a way to make your body calm down for a while without thinking about anything. Meditation has been used for people who have a high-stress level or have a bad temper, and they cannot control their emotion. Meditation can help you to become a successful trader because you are learning how to control your mind especially the feeling of greed, so you know when it's enough related in trading. And when you say that you can control negative thoughts and your mind can be improved, then congrats and you are ready to start trading but remember, the greediness will always be on your side.

Bonsaiav

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Quote from: Kevin43 on October 30, 2018, 10:23:46 AM

When I started trading , in my mind always I was getting negative thoughts (or thoughts which made me to reverse my decision) , I saw a article about trading psychology where he had mentioned that before stating trading do meditation for few months as it really changes the way of your trading , after that I started meditation now after 3-4 months , I am able to control negative thoughts and my concentration as improved a lot

For me, meditation is silent meaning doing nothing. If you only focus on meditation chances are that you will miss the train because what a beginner needs in crypto trading is by learning to understand how cryptocurrency works. So, you must involve yourself directly namely by buying a little crypto as your learning material, then please do research/analysis, and pay close attention to how the cryptocurrency you buy will work. So, by engaging directly in crypto trading, there are at least positive benefits that you can take and at the same time can add to your insight.

OlgaFS

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Quote from: Kevin43 on October 30, 2018, 10:23:46 AM

When I started trading , in my mind always I was getting negative thoughts (or thoughts which made me to reverse my decision) , I saw a article about trading psychology where he had mentioned that before stating trading do meditation for few months as it really changes the way of your trading , after that I started meditation now after 3-4 months , I am able to control negative thoughts and my concentration as improved a lot

The English theologian and historian Thomas Fuller appears to be the first person to commit the notion that 'the darkest hour is just before the dawn' to print. His religious travelogue A Pisgah-Sight Of Palestine And The Confines Thereof, 1650, contains this view:
It is always darkest just before the Day dawneth.
I almost agree) be positive

QuadsPoker

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Quote from: Kevin43 on October 30, 2018, 10:23:46 AM

When I started trading , in my mind always I was getting negative thoughts (or thoughts which made me to reverse my decision) , I saw a article about trading psychology where he had mentioned that before stating trading do meditation for few months as it really changes the way of your trading , after that I started meditation now after 3-4 months , I am able to control negative thoughts and my concentration as improved a lot

Yeah this could be good for some people to release the stress and negative thoughts. Me personally I am not a fan of meditation. I rather like good sex in the morning to start my trading day with a good feeling and without any tention Grin

Kemarit

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Quote from: OlgaFS on January 04, 2019, 04:43:21 AM

Quote from: Kevin43 on October 30, 2018, 10:23:46 AM

~ snip ~

Stress reduction is one of the most common reasons people try meditation.
As for me, it doesn't work Angry

Maybe you are not stress by your trading activity that's why at this point you don't need it. But for those who are mentality focus on trading, I guess a little help from this practice or technique will really help us a lot specially in controlling our emotions. Specially that one of the best enemy of a trader is his negative thoughts or greed. So there's a lot of benefits from meditation that could really help us grow not just in our trading activity, but in our daily lives as well.

OlgaFS

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Quote from: Kevin43 on October 30, 2018, 10:23:46 AM

When I started trading , in my mind always I was getting negative thoughts (or thoughts which made me to reverse my decision) , I saw a article about trading psychology where he had mentioned that before stating trading do meditation for few months as it really changes the way of your trading , after that I started meditation now after 3-4 months , I am able to control negative thoughts and my concentration as improved a lot

Stress reduction is one of the most common reasons people try meditation.
As for me, it doesn't work Angry

clickerz

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Quote from: Indrawan77 on November 16, 2018, 05:56:26 PM

In trading we need to make decision with a clear mind, meditation could make our mind become sharper and easier to control our emotion, trading psychology is one of the important hidden element to make a successful trading, but it also need to combine with knowledge and experience

Yes meditation can help especially when market is very volatile and depressing. I do it also, just set several minutes to clear my mind and flush out those negative emotions. This is a good way to balance a stressful day in trading

metribitcoin

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I aggree with that, the biggest enemy in trading is emotional and greedy, so we should be change our mind first so we can control that emotional. According to reasearch about 90% of trader loss because has bad emotional in trading, we should be have power to manage it.

Indrawan77

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In trading we need to make decision with a clear mind, meditation could make our mind become sharper and easier to control our emotion, trading psychology is one of the important hidden element to make a successful trading, but it also need to combine with knowledge and experience

Micerker

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Quote from: Kevin43 on October 30, 2018, 10:23:46 AM

When I started trading , in my mind always I was getting negative thoughts (or thoughts which made me to reverse my decision) , I saw a article about trading psychology where he had mentioned that before stating trading do meditation for few months as it really changes the way of your trading , after that I started meditation now after 3-4 months , I am able to control negative thoughts and my concentration as improved a lot

Mind control is essential for every trader, and when you lose your temper, you will have limited thinking and make the wrong decisions. There are a lot of traders out there who can not control their minds and make huge losses in trade.

Lorin

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It depends on you on how will you control your emotions. Meditation can help to feel you calm and can refresh your mind. If you are a trader stress is present, anything can do to make you feel better the important is you know everything how to trade for you to earn a good profit.

vocovoco

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meditation only made my mind freeze in the comfort zone and didn't even want to go back to trading.

I like analysis that keeps moving forward and continues to communicate actively to strengthen the intention to trade, even when the market is not good, the most important thing is the intention not to get caught up in the worst conditions from the start. This management must be strengthened by communicating with other fellow traders every day.

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