Meditation is essential for becoming successful trader - page 3.

eaglewhite80

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Quote from: karungbitcoin on October 30, 2018, 08:15:01 PM

Did you mean to have good psychology in trading? To have it , i think we not need to do meditation. We should be keep learn and learn to more to understanding price action and to know all risk of trading, and we should be minimize the risk by make risk management . I dont see any relation between trading and meditation.

Honestly, having a good psychology when it comes to trading is not even something anyone can do if the mentality they bring into trading at first is not right. No matter how you want to meditate, if you approach trading as gambling, you have no strategy, you have no knowledge, you have no confidence since you have no skills at all, there is no amount of meditation that will actually make you successful at trading.

As far as I am concerned, the best way to trade is to build confidence in yourself, and the best way to build confidence, is to make sure that you have learned enough and you have been able to back test your strategy to see you are good to go. Meditation will not get all of that done for you the last time I checked.

dothebeats

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A clear mind always helps in trading, but a literally clear mind won't get you far, either.

While on my free time, I always make sure that I'll read a few books regarding a subject that I'm greatly hooked up at a certain time. If you are into trading, I suggest you read about the subject in detail for you to have some sort of reference in trades that you wish to complete. Sure, being calm and disconnected from your emotions when trading greatly helps, but what good can it do when you don't even have the knowledge to trade or complete the deals you see that are opportune?

aencarnaci

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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

Honestly I never thought about this but you could be onto something. Considering one of the biggest troubles while trading is the stress and the panic that is caused by drop in price or not going up enough and what not than the meditation could be really helpful to anyone who would love to calm down and definitely will help you to become a better trader.

Right now, many people trade with their emotions and allow their feelings to control their trading and that usually costs people money and results with losses. You do not want to trade with your emotions and you would prefer to move money with indicators and patterns which is done by having no emotions while trading.

Meditation could help there and whenever you feel like you are going to do something impulsive than you can go do meditation and get your mind out of the trading world.

charlotte04

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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

It can truly be helpful with your tradings but for some talented traders they usually don't meditate and would go on and trade with the skills they have got.

Kevin43

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Quote from: Lanatsa on October 30, 2018, 04:34:04 PM

Quote from: harizen on October 30, 2018, 04:12:59 PM

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

Not a mandatory thing to do in the first place but can be done by a person.

If a person is really eager and serious to makes profits by doing trades then no need for such meditation thing because no way they will have a negative mindset on the way. Does there really a person who will just dive into trading but having a negative thoughts? Why not take time study first before diving instead? It's kind of a suicide if they will just put money on something that they are negative.

People must not forced themselves to do trades just because they saw others making profit on it. Before engaging in the world of trading, make sure they are fully prepared so they will not have a negative mindset once they are now on a actual scene. Money is involved here so don't take it as a joke.

All the things you said is indeed the truth which supposed to be done first by people who are just starting on doing trading.Rushing up yourself into things which you aren't even sure if you are capable will really put
you into have negative insights and feelings.You say that we should prepare ourself first which is really true because coming unprepared will just really lead into loss of money.So we should take it seriously and meditation is just an option.

yes I have seen many rushing as soon as account is opened they put there money and next thing is they want profit
1st they should build as trading mindset then , enter into learning , after learning earning

herurist

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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

I want to laugh but finally I realize people have different way to face their activity, include trading/ investment. Meditation is your way but for me, glass of coffee and smoke can make me relax. Every one have negative thinking but I can say it's only " fear ". They know how to get profit but they don't know how to face loss. Always prepare for worst.

Cryptonym0us

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Hey man.. New in this forum and the first thing I see is your post. Awesome!!!

I used to meditate every day and my mind was the clearest it's ever been, been trading for a while now and have not meditated at all. I'm pretty sure it would help my trading as it helps with every aspect of your life. Am gonna start meditating again - for sure having a clear mind will benefit my training. Anyways, cheers!!! It is great that the first thing you come at being new in a btc forum is a reminder about meditation and the benefits of it.

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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

Good for you that it works as your trading strategy but for me meditation is not the most needed things to become a successful trader. What you most need is to learn how to read stocks signals such as chart reading, candle stick and other trading techniques that may really help your buying and selling decision in crypto trading.

rodalutor

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Quote from: harizen on October 30, 2018, 04:12:59 PM

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

Not a mandatory thing to do in the first place but can be done by a person.

If a person is really eager and serious to makes profits by doing trades then no need for such meditation thing because no way they will have a negative mindset on the way. Does there really a person who will just dive into trading but having a negative thoughts? Why not take time study first before diving instead? It's kind of a suicide if they will just put money on something that they are negative.

People must not forced themselves to do trades just because they saw others making profit on it. Before engaging in the world of trading, make sure they are fully prepared so they will not have a negative mindset once they are now on a actual scene. Money is involved here so don't take it as a joke.

People can be eager and serious for something but still be hit by negativity, it's a normal aspect of life. If only wanting to do something was enough to remain forever positive then it would be much easier for us to accomplish our goals.

I don't believe negativity in this aspect is the OP thinking 'this coin is going to go down in price but I'll buy it anyway' it is more along the lines of doubt and uncertainty ' I think this coin will perform well because xys but how can I trust that, maybe the market will continue to downtrend and I'll lose everything'

Even the most experienced of traders will battle against negative thoughts but they'll be much better prepared to handle them and often dismiss them, that's because of the experience that they've gained and the confidence that has given them to back their own judgment. Also the fact that after being successful for a while they're probably under less of a financial burden.

okala

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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

Trading is a thing of the mind and if you did not develop your mind to handle trading issues there is no way you will be able to make profits. I have been in cryptocurrencies trading for about two years now and I think meditation may help in trading. Concentration will definitely improved in you keep meditating and successful traders list concentration as one of the tools for trading.

joshy23

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Quote from: karungbitcoin on October 30, 2018, 08:15:01 PM

Did you mean to have good psychology in trading? To have it , i think we not need to do meditation. We should be keep learn and learn to more to understanding price action and to know all risk of trading, and we should be minimize the risk by make risk management . I dont see any relation between trading and meditation.

Meditation is a good help for people who really keen to success, when you are doing this your focus will allow you to control your mindsets,
it's a process where you really gaining full capabilities to enhance your strong will, we all knew that inside this business self control have a
big influence deciding what particular actions to take, by dealing with meditations you will be able to secure your plans and always work
according to your strategy.

karungbitcoin

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Did you mean to have good psychology in trading? To have it , i think we not need to do meditation. We should be keep learn and learn to more to understanding price action and to know all risk of trading, and we should be minimize the risk by make risk management . I dont see any relation between trading and meditation.

figmentofmyass

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Quote from: harizen on October 30, 2018, 04:12:59 PM

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

Not a mandatory thing to do in the first place but can be done by a person.

If a person is really eager and serious to makes profits by doing trades then no need for such meditation thing because no way they will have a negative mindset on the way. Does there really a person who will just dive into trading but having a negative thoughts? Why not take time study first before diving instead?

i think he's talking about trading psychology, and specifically emotional trading. emotional traders tend to second guess themselves and their trading system ("negative thoughts") instead of following their trading plan and minimizing losses. this leads to costly mistakes. that's why some people emphasize setting automated take profits and stop losses---they make trading systematic instead of leaving room for emotional decisions.

meditation is definitely one way to get in the proper mindset. people who meditate tend to be calmer and more relaxed, which is crucial for traders. there's nothing worse for a trader's capital than losing control of emotions and going on tilt.

Lanatsa

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Quote from: harizen on October 30, 2018, 04:12:59 PM

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

Not a mandatory thing to do in the first place but can be done by a person.

If a person is really eager and serious to makes profits by doing trades then no need for such meditation thing because no way they will have a negative mindset on the way. Does there really a person who will just dive into trading but having a negative thoughts? Why not take time study first before diving instead? It's kind of a suicide if they will just put money on something that they are negative.

People must not forced themselves to do trades just because they saw others making profit on it. Before engaging in the world of trading, make sure they are fully prepared so they will not have a negative mindset once they are now on a actual scene. Money is involved here so don't take it as a joke.

All the things you said is indeed the truth which supposed to be done first by people who are just starting on doing trading.Rushing up yourself into things which you aren't even sure if you are capable will really put
you into have negative insights and feelings.You say that we should prepare ourself first which is really true because coming unprepared will just really lead into loss of money.So we should take it seriously and meditation is just an option.

minairia3

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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

This is a good way really to clear your thought and also to focus better. It's not just applicable to trading but to everyday life because of the many distractions we encounter. Crypto trading is one of those areas that needs proper attention and beyond focus so this is really a great help to better control emotions as well.

harizen

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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

Not a mandatory thing to do in the first place but can be done by a person.

If a person is really eager and serious to makes profits by doing trades then no need for such meditation thing because no way they will have a negative mindset on the way. Does there really a person who will just dive into trading but having a negative thoughts? Why not take time study first before diving instead? It's kind of a suicide if they will just put money on something that they are negative.

People must not forced themselves to do trades just because they saw others making profit on it. Before engaging in the world of trading, make sure they are fully prepared so they will not have a negative mindset once they are now on a actual scene. Money is involved here so don't take it as a joke.

stomachgrowls

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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

I cant really deny the fact that trading does indeed involved lots on psychology yet we are engaging ourselves into things like emotions and mindset.So,its not really avoidable for you not to be affected
and doubts would really be there which can really change your trading decisions.

Meditation can work or not into a certain individual since we are different on handling out our stress and anxiety but if this thing works on you then proceed but i doubt there are really people who doesnt
really care at all with this thing.

rodalutor

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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

Essential is incorrect but highly beneficial is almost certainly applicable to anyone, the benefits of meditation far exceed just helping in making someone a successful trader, it benefits people in every single aspect of life as it allows them to greater understand the workings of their own mind, leading to better decision making, motivation, lower stress etc etc. Meditation isn't some magic pill however, like everything it first takes practice and the benefits will only grow over time, if you don't have a lot of the other necessary skills to become a trader then meditation won't change that.

Noah14

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I can say meditation is a major part , but many other things are also essential too like money management , If you are confident with your analysis then chances of reversing your decision will be less
If you are way is on controlling your thoughts then meditation is good way

Jating

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I don't know but it seems I have seen this topic before. Anyways, Meditation is not only applicable or essential to be became a successful trader, I think in all aspects of life, it can really enhance someone's ability to think clearly and to make the right decisions.

Trading involves a lot of emotions, but if you says that you learn how to control it through meditation then good for you. But for me, I don't need to make things complicated, I just regularly trade, have few hits and misses but that's it. No need to for me to go on meditate things because I have life outside of my crypto activity, just saying.

Topic: Meditation is essential for becoming successful trader - page 3. (Read 780 times)