Topic: Meditation is essential for becoming successful trader - page 2. (Read 784 times)

yes sometimes managing many trades will be stressful by meditating we could control stress it works for many , having a trading plan and mediation will both helps in managing trades     

I think emotional control does not need to do meditation. We just need to be rational and persistent. Make a perfect plan for everything. set profit goals and limit losses. You will get a great portfolio.

Meditation is done so that we can be more calm and attract positive energy, then if you connect it with decision making or make the mood booster still make sense, but for me trading is not just that, because a lot of information we have to look for and a lot of analysis or research we have do it. Even if you meditate for 1 year but if you don't understand the basics of trading it's useless, we need more expertise and knowledge.

Meditation is a wonderful way to make you really calm in difficult situations. When we are calm we can be the most intelligent, we will make the least mistakes. What I learned from the crypto market is never to make a decision when it's fun or sad. Often, great joy will lead to big mistakes. Sadness can lose the assertiveness and objectivity of your decision!!

Yes, this is essential, but for some people like me doesn't need any of this because we can truly take care of our own emotions against trading and would perform not perfectly but well.

yes doing meditation is also not easy for what I am doing I am able to clear unnecessary thoughts ,for becoming pro I should learn more things mediation alone cant help too   

I think you're pointing out that to be a successful trader one must have a clear mind, optimistic, and calm at all times. These characteristics can be achieved through meditation. But, deep meditation has to be learned. For simplicity, you can do basic inhale exhale exercises with quite time. Through these, clarity and being positive might give you the right strategy in trading.

yes many have there own way of dealing with stress but meditation works for me it as really changed my way of dealing with stress and thoughts

Times of stress and depression are the times when it's most important to find the time to meditate, just those few minutes each day can make a monumental difference. Even people who are of sound mind can benefit from meditation, it's not just for people who are struggling.

If this thing does benefit you then why not? Not all people will really have the time on doing meditation in times of stress and depression. We have our own way on handling ourselves and
some doesn't have much control which leads into wrong decisions. Trading is very stressing because we are almost guessing and predicting all the times together investing with money and its
normal for us to get worried.

Truly, I agree with your idea of meditation before trading. Calmness and inner peace can be instrumental in profitable trades and it can go a long way in winning each trade. However, it doesn't guarantee smooth trade at all times or that one won't incur loss once a while. But it will definitely help in adequate preparation for the every next trade after loss. I'm with you on this.

We are not the same situation. I started to trade 2 months ago, when I saw trader posted on my wall. They are earning above 500 dollars in just couple of months or some are posting 30% above average profits. It boost my confidence to look at the market, until I read some articles about trading, I gradually buy coins which I know are usable. As of now, I am waiting for them to grow up.

Meditation is not a bad idea, but you really do not want to be meditating alone, thinking that is all it takes to be a successful trader. Sure, for most part of it, you really want to try as much as possible to build a confidence within you, but the most important thing when it comes to having to gain that confidence first is to realize that in most cases, you actually need knowledge and then with that knowledge, get to build a plan for yourself, and it is this plan that will always guide you in every of your trade. I understand trading has some level of psychology, but there is a lot knowledge will solve as well as practicing than meditation. Sorry I do not meditate before trading, I have my plans, I execute them and I am doing pretty well.

in my opinion it doesn't really affect the results of our trading, 3 to 4 months but after we see the market, the conditions actually get worse. it's also not good, asset management should also be needed, relying on only one thing is not a good thing

When you want to trade, there is always that thing to at least find some peace within you first but there is no way you can find that peace if all you are after is gambling your position in the market without knowledge and like you said, it will not even get you far, before you will realize that no matter how you meditate without knowledge of what you are doing, you are just busy meditating for nothing.

Rather than meditating, every day, before I hit the market, I take my time to study it, wait for a perfect position to enter based on my strategy, and then make the best of it. That is my own meditation based on my knowledge, anyone who does not have a strategy and thinking meditation will help them out should go ahead, as I will love to see where that leads them.

We all know what is actually useful for controlling emotions of traders, it is knowledge, practice and experience, not meditation. I am not saying you cannot meditate before you trade as that is your own call, but what would actually make you to trade like a pro, is not meditation, but the confidence in your own self and in your strategy you have been consistently used to over time. Being a successful trader is about how you get to develop your skills and strategy over time and meditation is never a criterion to being a successful trader. You will be in a clear mind when you know what you are doing.

Sometimes, I even tend to wonder how people tend to find an explanation to things and you are right, there is absolutely no relationship between meditation and trading as far as I can tell. At least, I am a trader, I am doing very well, and I have never meditated, so I do not even see it as any criteria at all. What makes sense most of the time, is to know exactly what you are doing, and make sure you always have a plan when you are trading, which you cannot do all these without having some knowledge.

The truth is that as much as you want to meditate, if you leave out the first few things you need to do before starting to trade, when it comes to learning and practicing, you will never stop getting emotional and no matter the meditation you waste your time doing, it would not stop you from being emotional as you will lose no matter what.

I agree.It will help you to relieve all the negative thoughts and become stress free.So you can already focus on your trading activity with all your positive thoughts in your mind.And having the fact that you are knowledgeable already before entering into trading will also help to make you a successful trader.

You had negative thoughts because you did not do the necessary research and you did not know the terrain you were dealing with. When the person has vast knowledge of the thing that is going to invest and the person does not invest money that can not afford to lose, the person does not panic every day and the person is not afraid and does not have negative thoughts. You do not need meditation, you need knowledge and invest money that you can afford to lose.


and how would that meditation be? I still think people do not need it, people need knowledge and money they can afford to lose.

it takes a lot of time to get rid of emotions ,


i do agree that getting in detail , while our analysis is good we do get confidence and we can contral our emotins too 

meditation can be useful for controlling the emotional control of traders. nowadays traders are sometimes faced with situations that are not good and unstable. it certainly can have an impact on maximum success and this can also be used as a benefit for traders.