To be a zen trader is to trade in a state of grace. But how? First, let me share a quote with you:You Only Lose What You Cling To.The above statement is often attributed to the Buddha, though, some scholars say there is no record of him ever saying that. But whether the Buddha actually uttered those
In today’s post, I want to share a simple shift in perspective that you can make right now that can be very helpful as you try to stay objective and in control of yourself in the market. It starts with a simple teaching that says that in every moment in life, there are two things happening: There’s
I’m sure you’ve heard of ego trading. It’s when you: 1. Mess with your strategy, 2. Make heavily biased calls, 3. Unduly increase or reduce your risk, 4. Hesitate to pull the trigger at the right time, 5. Camp your positions expecting a massive/unrealistic moves in the market … and the list goes on. But how can you drop this so-called ego trading? First, it’s
Only when you can be extremely pliable and soft can you be extremely hard and strong.— Zen ProverbFlexibility (pliability or openness) helps us deal with everything the market likes to throw our way — uncertainty, losses, change, etc. To be a flexible trader is to not be stuck in your ways and to be open to
Guest post by Michael Lamothe from Mara Wealth. Do you find it difficult to stick to your trading plan throughout the life of your trades? Does it get progressively harder the longer the trade goes on? If this sounds like you, you’re not alone. The vast majority of the traders I speak with feel this way. It’s how I personally
In this post, I’ll share a simple meditation that will help calm your nervous system. Meditation is no magic pill, but it will definitely complement your other focused efforts to win the mental game of trading. Feel free to use it whenever there’s a need for it before, during, or after the trading day.