Topic: Meditation is essential for becoming successful trader (Read 756 times)

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.

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?

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!

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  .

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

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

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.

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.

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.

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.

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

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 

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.

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

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

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.

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

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.

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.

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.

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.

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.

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?

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.

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.

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

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.

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. 

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 

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.

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